WTI trims part of its losses on Tuesday, rising 0.80% in the American session. US EIA stockpiles shed 7.06 million barrels last week, fueling a jump in oil prices. China’s slower-than-expected growth rate and the Iran nuclear deal held back the rise in oil prices. Western Texas Intermediate (WTI) prices They ranged in a meager […]
Tag: oil
US: Crude inventories fall, prices jump
Oil stocks in the US fell last week, surpassing analysts’ estimates. In particular, crude oil inventories fell by 7.1 million barrels for the week ended August 12, as announced by the US Energy Administration (EIA). Analysts’ average estimate had called for a drop of 1.7 million barrels, according to a poll by S&P Global Commodity […]
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 […]
The natural gas rally hits the ‘brake’ with losses of 1.3% – Oil is up
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 […]
USD/CAD: Expected to drop below 125 by the end of the year barring another big correction in oil prices – ING
The fall from Crude oil prices helped USD/CAD rise above 1.2900 on Monday, after having been weighing heavily on the Canadian dollar. Nevertheless, for ING analysts, the BoC tightening could push the pair below 1.25 by the end of 2022, unless oil undergoes another big correction. Waiting for some drag effect “The Bank of Canada […]
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 […]