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Industry Insight

  • August 14th, 2024

Oil gains on Middle East war concerns, US crude stockpile drop

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. ›


  • August 13th, 2024

European Gas Prices Fall as Russia Flows Take Steam Out of Rally

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. ›


  • August 13th, 2024

Oil retreats as markets refocus on demand concerns

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. ›


  • August 12th, 2024

European Gas Trades Near 2024 High, Luring Imports of LNG

European natural gas prices held near the highest levels since December following concerns over Russian pipeline flows, providing an incentive for more seaborne imports. ›


  • August 12th, 2024

Oil extends gains for fifth straight session as Mideast tensions, US data support

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. ›


  • August 9th, 2024

European Gas Set for Weekly Jump on Ukraine Transit Risks

European natural gas prices are set for a weekly jump of nearly 10% as fears over possible disruptions to Russian fuel crossing Ukraine dominated the market. ›


  • August 9th, 2024

Oil set for 3% weekly gain on easing recession concerns, rising Mideast tension

Oil prices edged up in Asian trading on Friday, heading for a weekly gain of more than 3% as U.S. jobs data calmed demand concerns and fears of a widening Middle East conflict persisted. ›


  • August 8th, 2024

European Gas Gains as Ukraine Border Fighting Adds to Risks

European natural gas prices resumed gains, trading at the highest levels this year as market participants monitor the transit of Russian fuel across Ukraine. ›


  • August 8th, 2024

Oil prices fall, set to snap two-session streak

Oil prices fell in choppy trade on Thursday, and looked set to snap a two-session streak during which they gained about 3% due to growing supply risks amid simmering tensions in the Middle East. ›


  • August 7th, 2024

European Gas Rises to 2024 High on Ukraine Pipeline Concerns

European gas prices soared to the highest level this year following a report that Ukrainian troops seized the key gas-transit point of Sudzha. ›


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