- July 8th, 2022
European Gas Set for Another Weekly Gain on Russia’s Tight Grip
European natural gas prices headed for the longest stretch of weekly gains this year as worries mount about dwindling supplies from Russia. ›
European natural gas prices headed for the longest stretch of weekly gains this year as worries mount about dwindling supplies from Russia. ›
Oil slipped in volatile trade on Friday and was heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. ›
Oil prices regained some footing on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supplies even as fears of a global recession persisted. ›
Natural gas in Europe headed for the longest stretch of daily gains in more than nine months as persistent fears of deeper supply cuts by Moscow spread through the market. ›
British wholesale gas prices fell sharply on Wednesday morning after a strike in the Norwegian oil and gas sector threatening a 13% export cut ended overnight, easing supply concerns. ›
European natural gas prices halted their rally after Norway’s government intervened to end an energy workers’ strike and Germany took steps to ease its supply crunch. ›
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. ›
European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. ›
Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway. ›
Natural gas prices in Europe advanced as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply cuts. ›