- February 10th, 2023
Europe Gas Heads for Weekly Loss on Mild Weather, LNG Outlook
European natural gas prices headed for a weekly loss as mild weather caps demand and a key LNG-export facility in the US prepares to resume some shipping. ›
European natural gas prices headed for a weekly loss as mild weather caps demand and a key LNG-export facility in the US prepares to resume some shipping. ›
Oil prices jumped more than 2% on Friday, heading for weekly gains, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s oil and oil products. ›
Oil prices extended their two-day winning streak on Wednesday, posting slight gains as the dollar weakened, while investors awaited more inventory data for clearer cues on demand trends. ›
European natural gas slipped with the end of a short-lived cold spell in sight while healthy stockpiles are helping tackle any boost in demand. ›
Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. ›
British and Dutch wholesale gas prices mostly dipped on Monday morning as healthy supply compensated for higher demand due colder temperatures and weak wind output. ›
Oil prices inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s top oil importer. ›
British and Dutch wholesale gas prices fell on Friday morning as high wind speeds reduced demand for gas for power generation and imports into the region remained strong. ›
Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies. ›
European gas futures fluctuated as traders weighed ample stockpiles and progress on restarting a long-shut US liquefied natural gas plant against risks that demand may start picking up again. ›