- May 31st, 2023
European Gas Slips as Sluggish Chinese Data Damps LNG Demand
European natural gas resumed declines as traders focused on sluggish demand, high renewables output and concerns over China’s economic recovery. ›
European natural gas resumed declines as traders focused on sluggish demand, high renewables output and concerns over China’s economic recovery. ›
Oil prices extended losses early on Wednesday as worries of slowing demand from top oil importer China after the release of weaker-than-expected economic data outweighed some positive progress on the U.S. debt ceiling bill. ›
Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. ›
European natural gas prices dropped on Friday in their longest run of weekly losses since 2007, with demand proving stubborn to return as the economy shows few signs of a meaningful recovery. ›
Oil prices were broadly stable on Friday, as the market weighed in on conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger U.S. dollar and worries of weaker-than-expected demand growth. ›
European natural gas prices fell further from the lowest level in almost two years as a weak regional economy hits the prospects for demand. ›
Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. ›
European natural gas prices declined further to the lowest level in nearly two years as demand prospects for the region remain bleak. ›
Oil prices pared their gains on Wednesday but were still solidly bid, after U.S. inventories and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. ›
British and Dutch wholesale gas prices were mixed on Tuesday as worries over an outage extension in Norway offset healthy inventories and strong flows of liquefied natural gas (LNG). ›