- September 7th, 2022
Oil Hits Lowest Since January as Dollar, Demand Concerns Flare
Oil sank to the lowest since January as the dollar surged to a record and global demand concerns escalated, including in lockdown-hit China. ›
Oil sank to the lowest since January as the dollar surged to a record and global demand concerns escalated, including in lockdown-hit China. ›
European natural gas prices erased earlier gains, with traders weighing supply risks against regional moves to stem the effects of the worst energy crisis in decades. ›
Oil prices edged lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market’s recent slide. ›
European natural gas prices eased with politicians scrambling to fix a deepening energy crisis after Moscow switched off its main pipeline to the continent. ›
Europe is racing to stave off an energy catastrophe this winter that’s threatening to turn into an economic and financial crisis too. ›
Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. ›
Russia looks set to resume gas supplies through its key pipeline to Europe, a relief for markets even as fears persist about more halts this winter. ›
Oil rose on Friday — paring a hefty weekly decline — before an OPEC+ meeting on supply at which Saudi Arabia could push for output cuts, and as efforts to revive an Iranian nuclear accord suffered a setback. ›
European natural gas declined for a fourth day as a recent record surge eroded demand, while a rapid filling of storage sites is helping ease some concerns over Russian supply. ›
Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure. ›