Europe will import record volumes of liquefied natural gas this year, deepening its reliance on the volatile global market, according to the International Energy Agency. ›
Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies. ›
US and European natural gas futures have posted multiday rallies this week as freezing weather sweeps across major markets for the fuel, sparking a wave of short-covering amid risks of stronger heating demand and disrupted production. ›
Oil prices slipped on Thursday after gaining in previous sessions, as investors assessed the supply and demand outlook, while a report showing a rise in U.S. crude and gasoline stocks last week weighed on prices. ›
Oil prices fell on Wednesday as an expected build-up of U.S. crude inventories outweighed a temporary halt in output at two large fields in Kazakhstan and geopolitical pressure from U.S. threats of tariffs over its bid to gain control of Greenland. ›
Oil lacked clear direction on Tuesday as markets monitored President Donald Trump’s threats of higher U.S. tariffs on European nations over his desire to buy Greenland, while a weaker dollar and better than expected economic data from the world’s top oil importer China provided a floor to prices. ›
Oil prices were down on Monday after rising during the previous session as civil unrest in Iran subsided, lowering the chance of a U.S. attack that could disrupt supply from the major Middle Eastern producer. ›
European gas prices are set for their biggest weekly rally in over two years, with a change in sentiment taking hold as traders rush to cover short positions amid bouts of unusually cold weather. ›
Oil prices rose slightly on Friday as market participants weighed concerns about supply risks, though the chances of a U.S. strike on Iran have receded. ›
Oil prices slid more than 3% on Thursday after U.S. President Donald Trump said killings in Iran’s crackdown on nationwide protests were stopping, tempering concern over military action against Iran and supply disruption. ›
