- January 27th, 2023
European Gas Extends Weekly Loss With Prospect of More US LNG
European natural gas slid for a fifth straight day amid prospects that a long-shut export terminal in the US might resume shipments later this quarter. ›
European natural gas slid for a fifth straight day amid prospects that a long-shut export terminal in the US might resume shipments later this quarter. ›
Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month’s peak levels. ›
European natural gas fluctuated after three days of declines, with traders weighing risks of increased competition with Asia for the vital fuel after the recent slump in prices. ›
SINGAPORE, Jan 26 (Reuters) – Oil prices were steady on Thursday after U.S. crude stocks climbed less than expected, while investors awaited further clarity on supply drivers, including an OPEC+ meeting and the looming EU ban on Russian refined products. ›
Crude oil prices inched higher on Wednesday as optimism for a demand recovery in China and expectations that major producers will maintain current output policy offset global recession worries. ›
British and Dutch wholesale gas prices edged lower on Tuesday as forecasts for milder temperatures and increased wind power output curbed demand. ›
European natural gas fluctuated with Norwegian supplies expected to drop to the lowest in more than two months in the middle of a cold snap that’s boosting demand. ›
Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s gains on the prospect of an economic recovery in top oil importer China this year. ›
European natural gas is set for its longest run of weekly losses in almost three years, as a forecast for more mild weather offsets supply concerns. ›
Oil prices were set to post a second straight weekly gain on Friday, spurred largely by brightening economic prospects for China which should boost fuel demand in the world’s second-biggest economy. ›