- October 5th, 2023
European Gas Swings as Tepid Demand Counters Weather Risks
European natural gas prices fluctuated after a brief rebound on Wednesday, as lackluster demand counters concerns about potential cold spells later this month. ›
European natural gas prices fluctuated after a brief rebound on Wednesday, as lackluster demand counters concerns about potential cold spells later this month. ›
Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an uncertain demand outlook capped gains. ›
European natural gas futures drifted higher after a steep decline earlier this week, with traders weighing different weather forecasts to gauge fuel needs at the start of the heating season. ›
Oil fell on Wednesday ahead of a panel meeting of OPEC+ ministers, as the market weighed expectations of supply tightness against fears that high interest rates could reduce fuel demand. ›
Natural gas prices in Europe slumped as unusually warm weather destroys demand already eroded by weak appetite from industry. ›
Oil prices slipped by around 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. ›
European natural gas prices declined as traders weighed supply risks against a mild weather forecast for October. ›
Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite. ›
Oil prices slipped on Friday but were headed for a gain of 2% for the week driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday. ›
European natural gas prices advanced as outages continued to weigh on fuel flows while the region’s heating season approaches. ›