European natural gas is moving downwards on Wednesday, after the rally caused by the particularly hot summer with the increased demand for fuel and a decrease in Russian supplies, as noted by the Bloomberg agency. Storage across the region is 75% full, in line with the five-year average, providing some relief ahead of peak winter […]
Tag: Oil Market
Natural gas returned to its rally with gains of 3.9% – Oil is also up
LAST UPDATE: 12.56 European natural gas erased earlier losses and is now moving higher, extending its rally, as a warm summer boosts demand while supplies from Russia remain tight, according to Bloomberg. Concerns in the energy market are intensifying as extremely hot and dry weather increases consumption of natural gas for cooling. Meanwhile, the Rhine […]
Oil and gas standby
LAST UPDATE: 12.56 Both oil and natural gas are moving marginally, with investors showing a rather wait-and-see attitude today. In particular, the European physical is around unchanged with small fluctuations compared to the measure that has been moving lately. Specifically, the September contract trades in Amsterdam (TTF) at 229 euros the megawatt hour with little […]
With a plunge of more than 3%, crude returned to its lowest level since January
Oil closed sharply lower on Tuesday, sliding to its lowest level since January, before Russia’s invasion of Ukraine, as economic data continued to fuel worries about a global recession and as investors awaited more data on the course of negotiations on Iran’s nuclear program. In particular, the September crude contract lost $2.88 or 3.2% and […]
New rise for natural gas which exceeded 230 euros – Oil is also down today
The price of natural gas in Europe continues its steady upward trend, surpassing 230 euros today, as extremely high temperatures in the region intensify demand for electricity while Russia keeps flows to a minimum. In particular, the natural gas contract for September delivery arrived today in Amsterdam (TTF) up to 234.5 euros the megawatt hour, […]
New jump for natural gas which reached 240 euros – Oil is also down today
LAST UPDATE 14:25 The price of natural gas in Europe continues its steady upward trend, reaching 240 euros today, as extremely high temperatures in the region intensify demand for electricity while Russia keeps flows to a minimum. In particular, the natural gas contract for September delivery arrived in Amsterdam (TTF) moving at 239.23 euros the […]
Another 11% jump for natural gas to 245 euros
LAST UPDATE 15:25 The price of natural gas in Europe, which has surpassed 240 euros, continues its steady upward trend, as extremely high temperatures in the region intensify the demand for electricity while Russia keeps flows to a minimum. In particular, the natural gas contract for September delivery arrived in Amsterdam (TTF) moving at 244.3 […]
Another 12% jump for natural gas to 250 euros
LAST UPDATE 16:40 The price of natural gas in Europe continues its steady upward trend, reaching 250 euros, as extremely high temperatures in the region intensify demand for electricity while Russia keeps flows to a minimum. In particular, the natural gas contract for September delivery in Amsterdam (TTF) reached the high of the day at […]
Oil: Down 3% amid concerns over Chinese growth
Oil prices closed down 3% on Monday – but far from the day’s lows – after a slowdown in the world’s second-largest economy, China, raised fresh fears about global crude demand. Meanwhile, prospects for a revival of the Iran nuclear deal, which could lead to more global crude supplies, also contributed to losses for oil. […]
Strong plunge of 4.5% in the price of oil after the ‘cold shower’ from China
Oil contracts are trading at heavy losses after the slowdown in the world’s second largest economy, China, raised new fears about global crude demand. In particular, his contract Brent October delivery is falling 4.65% or $4.8 with its price falling to $93.67 the barrel. The American one follows a similar course WTI which sees its […]
