- August 21st, 2024
Europe Gas Storage Hits 90% Marker With Prices Near Two-Week Low
Europe’s natural gas reserves are almost full, helping to cap a recent price rally driven by concerns over supply risks. ›
Europe’s natural gas reserves are almost full, helping to cap a recent price rally driven by concerns over supply risks. ›
LONDON, Aug 21 (Reuters) – Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about conflict spreading in the Middle East. ›
Oil prices edged lower on Tuesday as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns and China’s economic weakness weighed on the demand outlook. ›
European natural gas prices declined as Russian fuel keeps flowing via Ukraine and more alternative supplies arrive on the continent. ›
Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focused on the progress of ceasefire talks in the Middle East, which could reduce supply risks. ›
Oil prices were set for a second straight week of gains despite edging lower on Friday, as recent U.S. economic data boosted optimism about demand from the world’s top oil consumer. ›
Dutch and British gas wholesale prices were largely flat but still near eight-month highs as well-filled storages balanced concerns over potential supply disruptions ahead of the winter season. ›
Oil prices rose on Thursday, supported by optimism that potential U.S. interest rate cuts will boost economic activity and fuel consumption though concerns over slower global demand curbed gains. ›
Oil prices climbed on Wednesday after an industry report showed U.S. crude and gasoline inventories fell and as the market watched for a possible widening of the Israel-Gaza war, which may impact global oil supplies. ›
European natural gas prices declined for a second day on signs that Russian gas will continue flowing across Ukraine for now, slowing a rush toward bullish bets. ›