- June 13th, 2022
European Gas Prices Drop as Muted Demand Offsets Supply Concerns
European natural gas prices declined on Monday as muted demand helped to ease a tight market. ›
European natural gas prices declined on Monday as muted demand helped to ease a tight market. ›
Oil prices dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dashed hopes for a rapid pick-up in China’s fuel demand, while worries about global inflation and sluggish economic growth further depressed the market. ›
Oil rose on Friday and was on track for another weekly gain supported by solid fuel demand in the United States, although fresh COVID-19 alerts in Shanghai and Beijing curbed gains ›
LONDON — British prompt gas prices fell on Friday morning as an outage on the interconnector between Britain and Belgium left Britain struggling to deal with an oversupplied market ›
Oil prices gave up early gains on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures, outweighing news of China’s stronger-than-expected exports in May. ›
Europe’s natural gas prices surged after a fire at a large export terminal in the US promised to wipe out deliveries to a market that’s on high alert over tight Russian supplies ›
Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support. ›
Oil prices edged higher on Tuesday on an expected demand recovery in China as the world’s second-biggest economy relaxes tough COVID-19 curbs, and on doubts that a higher output target by OPEC+ producers would ease tight supply. ›
British wholesale prompt gas prices rose on Tuesday morning with supply from Norway expected to fall on Wednesday while contracts in the Dutch market eased, as rising storage levels continued to soothe wider concerns over Russian gas flows this winter. ›
British and Dutch wholesale gas prices were mixed on Monday morning amid weak liquidity due to a public holiday in several European cities. ›