- April 25th, 2024
Gas Prices continue upwards trend on Norwegian outages
Dutch and British wholesale gas prices continued an upwards trend for the second session in a row due to outages in Norway which reduced pipeline gas supply. ›
Dutch and British wholesale gas prices continued an upwards trend for the second session in a row due to outages in Norway which reduced pipeline gas supply. ›
Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. ›
Dutch and British wholesale gas prices traded higher on Wednesday morning, as planned and unplanned outages in Norway and Britain tightened the supply picture, offsetting a return to milder temperatures. ›
Grid limitations in parts of France are constraining power exports, pushing up prices in neighboring countries. ›
There are early signs that the rise in the spot price for liquefied natural gas (LNG) for delivery to Asia to a three-month high is starting to crimp demand from price-sensitive buyers such as India. ›
Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East. ›
Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. ›
Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel’s apparently small strike on Iran. ›
Dutch and British wholesale gas prices were mixed on Friday morning amid heightened tensions in the Middle East, Norwegian outages and expectations of increased demand from the power sector as wind speeds drop. ›
Oil wiped out an earlier sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Tehran. ›