- January 31st, 2024
Middle East Tensions Drive European Gas Higher
European natural gas futures surpassed €30 a megawatt-hour for the first time in two weeks as tensions escalated in the Middle East. ›
European natural gas futures surpassed €30 a megawatt-hour for the first time in two weeks as tensions escalated in the Middle East. ›
Oil prices fell on Wednesday as lacklustre economic activity in China, the world’s biggest crude importer, weighed on sentiment, but prices were set for their first monthly gain since September as broadening Middle East conflicts raised supply concerns. ›
Oil prices gained on Tuesday following a more than 1% drop the previous session as escalating geopolitical tensions in major producing region the Middle East fuelled supply concerns. ›
Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red Sea, hitting a Trafigura-operated fuel tanker. ›
Oil prices eased on Friday but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel demand sentiment. ›
Dutch and British wholesale gas prices were mixed on Thursday morning amid concerns over delayed shipments of liquefied natural gas (LNG), but strong inventories, milder weather and softer demand limited the upside. ›
Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes of more stimulus measures and economic recovery. ›
Oil prices were little changed on Tuesday as traders weighed a host of conflicting supply and demand worries, from rising tensions in the Middle East to cold weather woes disrupting production in the United States. ›
Dutch and British wholesale gas prices fell on Monday morning amid milder temperatures and stronger wind speeds. ›
Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. ›