- August 30th, 2024
Oil prices gain on Middle East supply concerns
Oil prices rose on Friday as investors weighed supply concerns in Libya and Iraq, although signs of weakened demand, particularly in China, limited gains. ›
Oil prices rose on Friday as investors weighed supply concerns in Libya and Iraq, although signs of weakened demand, particularly in China, limited gains. ›
Dutch and British wholesale gas prices edged higher on Thursday morning as annual maintenance at several Norwegian gas infrastructure sites curbed supply. ›
European consumers will face higher prices unless Kyiv agrees to extend a deal on Russian gas transit via Ukraine once it expires on Dec. 31, the Kremlin said on Wednesday. ›
Oil prices edged up on Thursday after two sessions of losses, as supply concerns over Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. ›
Europe’s natural gas traders are more concerned about the immediate risks to supplies than whether the region will have enough fuel to get through the winter months. ›
Dutch and British wholesale gas prices continued their upwards trend on Wednesday morning, as Norway’s annual maintenance starts this week, while the market remains on edge over the impact on supply of the Ukraine-Russia conflict. ›
Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains, amid persistent concerns over potential supply losses from the Middle East and North Africa as well as global fuel demand worries. ›
Oil prices slipped slightly on Tuesday after rebounding more than 7% over the previous three sessions on supply concerns prompted by fears of widening Middle East conflict and potential shutdown of Libyan oil fields. ›
Dutch and British wholesale gas prices rose on Tuesday on geopolitical concerns and forecasts for lower temperatures but strong storage inventories helped limit the upside. ›
Oil headed for a weekly loss — after hitting the lowest close since January midweek — on a challenging demand outlook, sinking product prices, and US efforts to secure a cease-fire in Gaza. ›