- July 6th, 2022
Gas: Prices fall as strike in Norway ends
British wholesale gas prices fell sharply on Wednesday morning after a strike in the Norwegian oil and gas sector threatening a 13% export cut ended overnight, easing supply concerns. ›
British wholesale gas prices fell sharply on Wednesday morning after a strike in the Norwegian oil and gas sector threatening a 13% export cut ended overnight, easing supply concerns. ›
European natural gas prices halted their rally after Norway’s government intervened to end an energy workers’ strike and Germany took steps to ease its supply crunch. ›
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. ›
European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. ›
Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway. ›
Natural gas prices in Europe advanced as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply cuts. ›
Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. ›
Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. ›
Natural gas prices in Europe headed for the longest streak of weekly gains this year as a prolonged shutdown of a key export facility in the US further tightens a market that’s already reeling from Moscow’s supply cuts. ›