- August 19th, 2024
European Gas Slides as Strong Flows and Inventories Ease Risks
European natural gas prices declined as Russian fuel keeps flowing via Ukraine and more alternative supplies arrive on the continent. ›
European natural gas prices declined as Russian fuel keeps flowing via Ukraine and more alternative supplies arrive on the continent. ›
Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focused on the progress of ceasefire talks in the Middle East, which could reduce supply risks. ›
Oil prices were set for a second straight week of gains despite edging lower on Friday, as recent U.S. economic data boosted optimism about demand from the world’s top oil consumer. ›
Dutch and British gas wholesale prices were largely flat but still near eight-month highs as well-filled storages balanced concerns over potential supply disruptions ahead of the winter season. ›
Oil prices rose on Thursday, supported by optimism that potential U.S. interest rate cuts will boost economic activity and fuel consumption though concerns over slower global demand curbed gains. ›
Oil prices climbed on Wednesday after an industry report showed U.S. crude and gasoline inventories fell and as the market watched for a possible widening of the Israel-Gaza war, which may impact global oil supplies. ›
European natural gas prices declined for a second day on signs that Russian gas will continue flowing across Ukraine for now, slowing a rush toward bullish bets. ›
Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China. ›
European natural gas prices held near the highest levels since December following concerns over Russian pipeline flows, providing an incentive for more seaborne imports. ›
Oil prices rose for a fifth consecutive session on Monday, extending gains from last week’s more than 3% rise, as U.S. recession fears eased while geopolitical tensions in the Middle East supported prices. ›