- October 31st, 2024
European Gas Steadies as Traders Gauge Region’s Supply Balance
European natural gas prices steadied near €41 a megawatt-hour as traders assess mixed weather forecasts against persistently low demand for the fuel. ›
European natural gas prices steadied near €41 a megawatt-hour as traders assess mixed weather forecasts against persistently low demand for the fuel. ›
Oil recovered after tumbling the most in more than two years on Monday, as the wipeout of a geopolitical premium in prices shifted traders’ gaze back to supplies and key upcoming events including the US election. ›
Natural gas options are signaling European traders still see upside risk for prices, even after concerns linked to the Middle East have receded. ›
European natural gas prices declined after Israeli strikes against targets in Iran avoided oil, nuclear and civilian infrastructure, signaling that supply risks linked to the Middle East conflict remain contained for now. ›
Oil tumbled more than 6% at the start of the week after Israeli strikes against targets in Iran avoided the OPEC member’s crude facilities, raising the prospect for easing hostilities in the region. ›
Oil prices fell on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon. ›
European natural gas prices fluctuated as traders remained fixated on near-term geopolitical risks in the Middle East which threaten to disrupt energy markets. ›
Oil prices eased on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world’s top oil importer, continued to weigh on the market. ›
European natural gas prices edged higher as Middle East tensions brought a fresh wave of volatility to the market. ›
Oil prices edged up in Asian trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. ›