- June 14th, 2023
Europe Gas Falls as Goldman Sees Little Impact of Norway Outages
European natural gas erased some of Tuesday’s gains with Goldman Sachs Group Inc. saying weakened demand will neutralize the extension of supply outages in Norway. ›
European natural gas erased some of Tuesday’s gains with Goldman Sachs Group Inc. saying weakened demand will neutralize the extension of supply outages in Norway. ›
Oil prices inched up on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting, key economic data from China and government data on U.S. crude stockpiles. ›
Wholesale British and Dutch gas prices rebounded on Tuesday afternoon, after earlier losses, after an outage at Norway’s Nyhamna gas processing plant was extended. ›
European natural gas futures eased for a second consecutive day on Tuesday, easing some strains on the market after days of volatile trading. ›
Oil prices traded up on Tuesday on bargain hunting, recovering some ground from the previous day’s plunge, but gains were limited as investors remained cautious ahead of key policy decisions by the U.S. Federal Reserve and other central banks. ›
Wholesale British and Dutch gas prices were mixed on Monday morning on Norwegian outage, lower wind and lower flows of liquefied natural gas (LNG), although rising temperatures across Europe are expected to keep demand low. ›
Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. ›
Wholesale British and Dutch gas prices mostly rose on Friday morning as Norwegian gas outages were extended and lower wind output is forecast for the coming week. ›
Oil prices looked set to post their second straight weekly loss, as prices continued to fall on Friday over concerns about demand from China and due to scepticism over the United States and Iran striking a nuclear deal. ›
The spread between Europe’s natural gas prices for this winter and next is widening, signaling near-term risks are easing but greater uncertainty ahead. ›