- July 10th, 2023
Gas: Prices dip on higher Norwegian exports, bumper stock levels
British and Dutch gas prices mostly edged lower on Monday morning on a stronger supply of gas from Norway and as high gas stocks weighed on the market. ›
British and Dutch gas prices mostly edged lower on Monday morning on a stronger supply of gas from Norway and as high gas stocks weighed on the market. ›
Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude supply cuts from Saudi Arabia and Russia limited losses. ›
European natural gas futures are set for the biggest weekly loss since late May as rising inventories and lackluster industrial demand outweigh supply and weather-related risks. ›
Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stocks, offsetting fears of higher U.S. interest rates. ›
Dutch and British wholesale gas prices were down on Thursday morning amid expectations of increasing gas flows from Norway and reduced industrial demand, while Europe’s storage sites continued to be filled. ›
Oil prices slipped in Asian trade on Thursday as fears of a sluggish demand recovery in the world’s top crude importer China offset the prospect of tighter supply, with top exporters Saudi Arabia and Russia cutting output. ›
British and Dutch gas prices were mixed on Wednesday morning due to rises in Norwegian pipeline supplies after maintenance, slower arrivals of liquefied natural gas (LNG) and lacklustre demand. ›
Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. ›
British and Dutch gas prices fell on Tuesday morning on expectations that maintenance outages due to end at some Norwegian infrastructure would boost supply and as strong renewables output curbed gas demand for power. ›
Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against the backdrop of an uncertain global economic outlook. ›