- May 24th, 2023
Europe Gas Falls Further as Traders Eye Weaker Demand Prospects
European natural gas prices declined further to the lowest level in nearly two years as demand prospects for the region remain bleak. ›
European natural gas prices declined further to the lowest level in nearly two years as demand prospects for the region remain bleak. ›
Oil prices pared their gains on Wednesday but were still solidly bid, after U.S. inventories and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. ›
British and Dutch wholesale gas prices were mixed on Tuesday as worries over an outage extension in Norway offset healthy inventories and strong flows of liquefied natural gas (LNG). ›
Oil prices slipped on Tuesday as investor concern over the risk of a U.S. debt default dampened risk appetite, although a tighter market due to a seasonal rise in gasoline demand and supply cuts from OPEC+ producers lent support. ›
European natural gas neared a two-year low as weak industrial demand and ample supplies weigh on prices, with Goldman Sachs Inc. seeing the possibility of a floor in the mid-€20 range. ›
Oil prices slipped on Monday as caution around U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. ›
European natural gas futures rose from a 23-month low, in a sign that traders see €30 as a floor for prices for now, with demand remaining stubbornly low. ›
Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. ›
British and Dutch wholesale gas prices were down on Thursday morning and remained near 2-year lows on tepid demand due to strong flows of liquefied natural gas (LNG) and solid inventories. ›
Oil prices fell on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging nearly 3% in the previous session on optimism over U.S. fuel demand. ›