- March 28th, 2024
Gas: Prices steady as mild temperatures curb demand
Dutch and British wholesale gas prices were stable on Thursday with mild temperatures expected to curb gas demand for heating and strong supplies of liquefied natural gas. ›
Dutch and British wholesale gas prices were stable on Thursday with mild temperatures expected to curb gas demand for heating and strong supplies of liquefied natural gas. ›
Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned to buying mode. ›
Dutch and British wholesale gas prices were mixed on Wednesday morning, trading rangebound, as strong storage inventories and milder weather outweighed concerns over geopolitical tensions and lower liquefied natural gas (LNG) send-out. ›
Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the United States, the world’s biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. ›
Oil was little changed on Tuesday, after rising in the previous session, as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks, though a slightly weaker U.S. dollar offered some support. ›
Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. ›
Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. ›
Price-sensitive liquefied natural gas buyers from China, India and parts of Southeast Asia are snapping up more spot shipments of the fuel to power industries and generate electricity after prices have fallen to the lowest level in nearly three years. ›
Oil prices rebounded on Thursday as U.S. crude and gasoline stock drawdowns lent support despite signs that the U.S. Federal Reserve may keep interest rates higher for longer. ›
Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session. ›