With losses both on a daily and a monthly basis, gold finished the trading of August, which shows that it cannot face the pressures exerted on it by the tightening of the monetary policy and the strengthening of the dollar. In particular, the gold contract for December delivery closed today at $1,726.2 the ounce with […]
Tag: Goods
Losses of more than 1.5% for oil – In the region of 250 euros for natural gas
The prices in the energy sector show a mild de-escalation, with oil investors moving hesitantly due to fears of a worsening of the global economy, while the prices of European natural gas also show a slight decline. In particular, with oil walking a tightrope between inflationary risks weighing on the outlook for the global economy […]
3% drop for oil – In the region of 260 euros for natural gas
LAST UPDATE 14:30 The prices of the energy sector show a mild de-escalation today, with oil investors moving hesitantly as the possibility of Iran’s return to the market recedes, while the prices of European natural gas also show a slight decline. In particular, recently oil has been walking a tightrope between the inflationary risks that […]
Goldman Sachs: Buy commodities now, worry about recession later
By Eleftherias Kourtalis Overblown recession fears gripped commodity markets, particularly oil, in June, in one of the worst monthly performances in 8 years. Since then, major commodity indices have recovered, but prices for crude, petroleum products, aluminum, wheat and corn, among many others, remain well below previous highs. Judging by recent price action, Goldman Sachs […]
Oil lost gains after plunge in US demand
US oil inventories showed a significant decrease again, with those of gasoline remaining unchanged to the surprise of the market, causing new pressures on crude prices. In particular, as informed by the US Energy Information Administration (EIA), in the week ended August 19, US crude inventories fell by 3.3 million barrels, falling to 421.7 million. […]
Over $100 oil again despite plunge in US demand
LAST UPDATE 19:55 A significant reduction was again presented in US oil stocks, but those of gasoline remained unchanged to the surprise of analysts, even though the development did not particularly “scare” the market. In particular, as informed by the US Energy Information Administration (EIA), in the week ended August 19, US crude inventories fell […]
Israel prepares natural gas exports to Europe – Its production increased by 22% in the first half
Israel’s natural gas production rose 22% in the first half of the year as the Jewish state’s government plans to increase exports to Europe, which is facing its worst energy crisis in decades, Bloomberg reports. Production rose to 10.85 billion cubic meters year-on-year through June, with exports to Israel’s neighbors up 35 percent to 4.59 […]
‘Wild’ changes in the price of natural gas in Europe, after yesterday’s historic high
Strong changes are recorded on Tuesday in the price of natural gas in Europe, at a time when the record cost of this resource burdens the economic prospects of the continent, with winter approaching. The pan-continental benchmark contract was earlier up more than 5% before retreating 1.9% to regain the upper hand, closing at an […]
Oil rallies to $100 as US gas consumption rises
With a strong rise reaching 4%, oil prices are moving against the background of the increased consumption shown by the figures in the USA, while the c.g. of OPEC says risks to global demand are probably overstated. In particular, his contract Brent for October delivery is negotiated at 97.3 dollars the rising barrel 3.9% or […]
Natural gas registers a 2% rise – Oil is down
European natural gas prices moved higher on Wednesday after three days of decline, as countries in the region warned of a difficult winter ahead, as noted by the Bloomberg agency. The potential for Russian supply disruptions during peak winter demand remains in focus, keeping prices high even with gas storage levels currently normal for the […]