- January 17th, 2023
European Gas Rebounds With Signs of Demand Picking Up in Asia
European natural gas rose amid signs China’s economy may have have bottomed and a recovery could pull supply away from the West. ›
European natural gas rose amid signs China’s economy may have have bottomed and a recovery could pull supply away from the West. ›
Oil prices were mixed on Tuesday after China posted its weakest annual economic growth in nearly half a century, with its late-2022 U-turn in COVID-19 policy underpinning hopes of a recovery in the country’s fuel demand this year. ›
European natural gas declined as ample supplies are likely to help avoid any disruptions during a period of below-normal temperatures this week. ›
Oil prices eased on Monday, though held near 2023 highs, as rising numbers of COVID-19 cases in China clouded prospects for higher demand in at the world’s top crude importer as it reopens after ending strict anti-virus curbs. ›
European benchmark wholesale gas prices were mixed on Friday morning with UK prompt prices up on colder weather but Dutch contracts down down on comfortable supply. ›
Oil prices rose 3% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. ›
European natural gas prices rose with the weather expected to turn cooler next week, ending a prolonged spell of unseasonable warmth that curbed demand. ›
Oil prices fell on Wednesday as an unexpected build in crude and fuel inventories in the United States, the world’s biggest oil consumer, and economic uncertainty reignited demand worries. ›
European natural gas prices fell as warmer-than-usual temperatures curb demand for heating. ›
Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world’s biggest oil user, will slow economic growth and limit fuel demand. ›