- August 4th, 2023
Gas: Prices fall as strong renewable generation dents demand
British and Dutch gas prices fell on Friday morning as expectations of strong output from wind farms curbed demand for gas from power stations. ›
British and Dutch gas prices fell on Friday morning as expectations of strong output from wind farms curbed demand for gas from power stations. ›
Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through next month. ›
British and Dutch wholesale gas prices rose on Thursday morning as demand from power stations ramped up amid weaker wind power output and as an extension at Norwegian gas infrastructure curbed supply. ›
Oil prices were little changed on Thursday after a two-day decline, including a sharp drop on Wednesday, as a U.S. government credit downgrade weighed on sentiment, though concerns around supply tightness provided some support. ›
Oil prices surged by almost 1% on Wednesday, trading near their highest since April, as crude and fuel product inventory data showing robust demand from the world’s biggest fuel consumer, the U.S., offsetting demand concerns elsewhere. ›
European natural gas prices rose for a second session as supply risks and uncertainty about the upcoming winter outweighed rising storage levels. ›
Oil prices slipped on Tuesday but were still near a three-month high reached in the previous session on signs of tightening global supply, as producers implement output cuts, and strong demand in the United States, the world’s biggest fuel consumer. ›
European natural gas is set for one of its biggest monthly drops this year as depressed industrial activity and strong inventories offset concerns about a spike in summer cooling demand. ›
Oil prices edged lower on Monday, but were hovering near three-month highs and were set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. ›
European natural gas prices are headed for a third consecutive day of declines, with Citigroup Inc. analysts seeing sluggish demand and high inventories keeping a lid on prices. ›