- November 21st, 2023
Europe Gas Fluctuates as Cold Snap Spreads From Berlin to London
European natural gas futures fluctuated as forecasts for colder weather signaled a potential jump in heating demand. ›
European natural gas futures fluctuated as forecasts for colder weather signaled a potential jump in heating demand. ›
Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth. ›
European natural gas prices jumped after a vessel seized in the Red Sea by Iran-backed Houthi rebels renewed concerns that the Israel-Hamas war could affect vital waterways for the fuel. ›
Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. ›
Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand. ›
Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from China. ›
European natural gas advanced as traders weighed risks from potential supply disruptions on the region’s heating needs. ›
Oil prices rose on Wednesday as China’s factory output and retail sales beat expectations, a day after the International Energy Agency (IEA) raised its oil demand growth forecast for this year. ›
European natural gas eased on Tuesday with the market so brimming with supplies that even the potential shutdown of an LNG plant in Texas isn’t worrying traders for now. ›
Oil prices inched up on Tuesday on expectations of healthy market fundamentals, following an OPEC report saying demand remains strong, and concerns that supplies might be disrupted as the U.S. cracks down on Russian oil exports. ›