U.S. natural gas futures continued their rally, boosted by warm temperatures in the country, with demand for power generation rising more than 10% in July from a year earlier, climbing to record levels, according to data compiled by Bloomberg. Natural gas surged more than 65% in July, marking the highest monthly gain in history, according […]
Tag: Oil Market
Oil: Prices rise for a second day – Nord Stream 1 gas supply up 20%
Oil prices rose for a second day amid heightened concerns about tightening European supply after Russia cut off supplies through a major pipeline. Brent futures for September delivery rose 1.66%, or 1.6%, to $106.81 a barrel, extending yesterday’s 1.9% gain. WTI futures for September delivery rose $1.47, or 1.5%, to $98.17 a barrel. Russia has […]
Jump natural gas, strong profits and oil
Natural gas futures jumped more than 5% on Monday, boosted by a wave of hot weather across much of the US, while oil also closed with strong gains. The rise in US prices also followed a rally in European gas prices, with futures on the Dutch TTF gaining nearly 12% after warning of Russia’s Gazprom […]
Oil prices fall on Monday, natural gas rises
LAST UPDATE: 10.43 Oil prices fell on Monday, extending a recent losing streak amid concerns that an expected rise in U.S. interest rates will weaken demand for the fuel. The global benchmark, Brent oil for October deliveryfell $1.19, or 1.2%, to $102.01 a barrel, falling for a fourth day. The US West Texas Intermediate crude […]
Slightly rising oil prices – Natural gas is approaching 170 euros
LAST UPDATE: 5:30 p.m Oil prices are now moving slightly higher, having erased morning losses, amid countervailing forces with fears of a slowdown in fuel demand as interest rate hikes continue, while supply remains extremely tight. In particular, the global benchmark, oil Brent for September deliveryup slightly by $1.01, or 1%, to $104.16 a barrel. […]
Oil prices slightly up
LAST UPDATE: 5:30 p.m Oil prices are now moving slightly higher, having erased morning losses, amid countervailing forces with fears of a slowdown in fuel demand as interest rate hikes continue, while supply remains extremely tight. In particular, the global benchmark, oil Brent for September deliveryup slightly by $1.01, or 1%, to $104.16 a barrel. […]
New losses of more than 1% for oil
Oil prices finally moved with losses today, erasing the day’s initial gains after the EU agreed to an adjustment of its sanctions that will allow Russian exports to third countries. In particular, his September contract Brent which at the high of the day had reached up to 105.72 dollars per barrel, finally closed at 103.86 […]
Oil down more than 2% after Nord Stream reopens
Oil is trading with significant losses as the reopening of the Nord Stream pipeline removed concerns about Europe’s energy sufficiency, while the aggressive increase in interest rates by the ECB also adds to fears about crude oil demand levels. In particular, the Brent sees the September delivery contract retreat by 2.34% at $104.68 the barrel […]
Oil closed with heavy losses after Nord Stream reopened
LAST UPDATE: 22.27 Oil closed on Thursday with significant losses, as the reopening of the Nord Stream pipeline removed concerns about Europe’s energy sufficiency, while aggressive interest rate hikes from the ECB also add to fears about crude oil demand levels. In particular, the global benchmark, Brent oil for September delivery retreated against 2.9% or […]
Russia: We will cut oil if the ceiling does not cover production costs
Russian Deputy Prime Minister Alexander Novak said Russia would stop supplying oil to world markets if the cap did not cover production costs, the Kommersant newspaper reported. It is recalled that the G7 countries have declared that they are working to set a ceiling on Russian oil. “If these prices they are talking about are […]