- February 28th, 2023
European Gas Prices Recede Following Record Demand Cut
Natural gas prices in Europe have already lost nearly 40% in the first two months of the year after Europeans saved the fuel like never before in history. ›
Natural gas prices in Europe have already lost nearly 40% in the first two months of the year after Europeans saved the fuel like never before in history. ›
Oil prices rose in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes dragging on consumption in the world’s biggest economy. ›
Oil prices fell in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia’s plans to deepen oil supply cuts. ›
British and Dutch gas prices edged higher on Friday morning on expectations of increased demand for heating as temperatures turn cooler. ›
Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. ›
Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. ›
Oil prices fell for a third trading session on Wednesday on expectations the U.S. Federal Reserve will indicate later in the day that interest rates are set to rise more, stoking concerns of lower global economic growth and demand for fuel. ›
The Dutch benchmark wholesale gas contract slipped to a new a 17-month low on Tuesday morning, as healthy supply offset colder weather forecasts. ›
Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day’s gains. ›
European natural gas prices edged higher on the prospect of a late-winter cold snap, after last week crossing a key threshold in the region’s recovery from its energy crisis. ›