energy-market
FinanceUK Energy Price Caps Will Help to Reduce Inflation, Ons Rules
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Top StoriesOil Rises on Strong Crude Demand, Despite China Fears
Top StoriesFactbox-European Gas Prices: Why Have They Been Falling?
Oil Rises on Weaker Dollar and Supply Concerns
Date: October 25, 2022
By Rowena Edwards LONDON (Reuters) -Oil prices rose on Tuesday after falling by more than $1 a barrel earlier in the session, bouyed by a weaker dollar and supply concerns highlighted by Saudi Arabia’s energy minister. Benchmark Brent crude futures rose by 40 cents to $93.66 a barrel by 1348 GMT while U.S. West Texas...
Oil Prices Fall to Around $90/bbl in Volatile Trade
Date: October 18, 2022
By Rowena Edwards LONDON (Reuters) -Oil prices fell in volatile trade on Tuesday on fears of higher U.S. supply amid economic slowdown and lower Chinese fuel demand. Brent crude futures fell by $1.35, or 1.47%, to $90.27 a barrel by 1406 GMT. U.S. West Texas Intermediate (WTI) crude futures were down $1.77, or 2.07%, at...
EU Emergency Oil Stocks Still Low in July After IEA’s Joint Releases
Date: October 18, 2022
(Reuters) – The European Union’s emergency oil stocks, including crude oil and petroleum products, recovered slightly in July after two coordinated releases drained the levels to a record low in June, the bloc’s statistic office said on Tuesday. The EU held 103.6 million tonnes of emergency oil stocks in July, up 2.5% from the historical...
Oil Steady as Positive Chinese Signals Counter Recession Fears
Date: October 17, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices held steady on Monday in choppy trading as China’s continuation of loose monetary policy offset fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures were down 2 cents, or 0.02%, to $91.67 a barrel by 11:37 a.m. EDT (1537 GMT),...
German Jan-Aug Gas Import Costs Surge 189% Despite 26% Drop in ; Imports
Date: October 17, 2022
FRANKFURT (Reuters) – German natural gas import costs leapt 189% in the first eight months of 2022 from a year earlier, even though imports were down by 26.1%, official monthly data showed on Monday. The August statistics from Germany’s foreign trade office BAFA are the sixth to reflect the impact of Russia’s invasion of Ukraine,...
UK Consumer Industries Warn Curbing Energy Support Will Hit Demand
Date: October 17, 2022
LONDON (Reuters) – The mood among Britain’s beleaguered retail and hospitality industries darkened on Monday on fears new finance minister Jeremy Hunt’s move to rein in a vast energy subsidy plan and reverse planned tax cuts would further dent demand. A two-year energy support scheme for households and businesses, expected to cost more than 100...