Oil prices extended their decline into a second session on Monday after China’s second-quarter growth came in weaker than expected, fuelling concern about demand in the world’s No. 2 oil consumer, while Libya resumed production on the weekend. ›
European natural gas prices are poised for their biggest weekly drop this year as the region continues to fill up its storage facilities and demand for the fuel remains lackluster. ›
Oil prices were set to post their third straight week of gains for the first time since April despite falling slightly on Friday, due to broader supply concerns over disruptions in Libya and Nigeria, and hopes of higher U.S. crude demand amid cooling inflation. ›
Oil prices climbed on Thursday after U.S. inflation and economic data sparked hopes that the Federal Reserve may have fewer interest rate hikes in store and Chinese trade figures showed monthly oil imports were the second-highest on record in June. ›
European natural gas prices fell to the lowest level in a month as the giant Norwegian Troll field is set to resume and demand remains subdued. ›
Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude stockpiles and economic concerns against planned supply cuts by the world’s biggest oil exporters and hopes for higher global demand. ›
European natural gas prices extended declines for a second day to trade near the lowest levels in a month amid tepid demand for the fuel. ›
Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a weaker dollar. ›
British and Dutch gas prices mostly edged lower on Monday morning on a stronger supply of gas from Norway and as high gas stocks weighed on the market. ›
Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude supply cuts from Saudi Arabia and Russia limited losses. ›
