- August 17th, 2023
Oil Steadies as Traders Take Stock of China Concerns and Fed
Oil steadied after a three-day drop spurred by concerns over the Chinese economy and the possibility of even tighter US monetary policy. ›
Oil steadied after a three-day drop spurred by concerns over the Chinese economy and the possibility of even tighter US monetary policy. ›
SINGAPORE, Aug 17 (Reuters) – Western Australia’s (WA) decision not to consider exemptions from a ban on exports of natural gas from onshore fields will hurt fresh investments, a group of producers said, as the state looks to secure regional supply and rein in prices. ›
Dutch wholesale gas prices fluctuated on Wednesday morning as traders gauged the impact of full inventories against potential supply disruptions at Australian liquefied natural gas (LNG) facilities and Norwegian maintenance. ›
Oil prices edged down on Wednesday, extending a 1% drop in the previous session, as worries about China’s struggling economy outweighed declining U.S. stockpiles. ›
Oil prices edged higher on Tuesday as China unexpectedly cut key policy rates for the second time in three months to shore up a sputtering economic recovery, although sluggish economic out of Beijing put a lid on gains. ›
Dutch and British wholesale gas prices rose on Monday morning as markets await clarity on whether strikes at Australia liquefied natural gas (LNG) facilities will go ahead. ›
Oil prices declined more than 1% on Monday as concerns about China’s faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. ›
European natural gas prices are headed for the biggest weekly gain since June as jitters re-emerge about the continent’s ability to secure enough supplies ahead of winter. ›
Oil prices fell marginally on Friday as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. ›
European natural gas fluctuated in a sign of continued market jitters as traders monitor possible industrial action in Australia that could disrupt global supply. ›