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Market Report – Gas
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| Published | News |
|---|---|
| 02/01/2024 | Oil prices jumped in the first session of the New Year, boosted by the chances of Middle East supply disruptions after a naval clash in the Red Sea, as well as hopes of strong holiday demand and an economic stimulus in China, the top importer of crude. |
| 03/01/2024 | Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea. |
| 04/01/2024 | Oil rose more than 1% on Thursday, adding to gains in the previous session on concerns over Middle Eastern supply following disruptions at an oilfield in Libya and heightened tensions regarding the Israel-Hamas war |
| 05/01/2024 | Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening. |
| 08/01/2024 | Oil prices fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tension in the Middle East. |
| 09/01/2024 | Oil prices steadied on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply. |
| 10/01/2024 | Oil rose for a second day on Wednesday after an industry report showed a bigger-than-expected drawdown of crude inventories in the United States, the world's biggest oil consumer, that bolstered demand sentiment. |
| 11/01/2024 | Oil prices edged higher on Thursday on concerns about escalating conflict in the Middle East with more attacks on Gaza and on shipping in the Red Sea, even as a surprise build in U.S. crude stockpiles capped gains. |
| 12/01/2024 | Oil prices rose 2% on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping in the Red Sea. |
| 15/01/2024 | Oil prices edged up on Monday as traders watched for supply disruption risks in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea. |
| 16/01/2024 | Oil prices were mixed on Tuesday, after posting losses the previous session, as broad economic concerns outweighed continued tensions in the Middle East that led to more tanker diversions. |
| 17/01/2024 | Oil fell more than $1 on Wednesday as economic growth in China, the world's second-largest crude user, slightly missed expectations, raising concerns about future demand, while U.S. dollar strength dented investor's risk appetite. |
| 18/01/2024 | Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in global oil demand this year, with price impetus also coming from disruption to U.S. output and geopolitical risks in the Middle East. |
| 19/01/2024 | Oil prices rose on Friday as geopolitical tensions and oil output disruptions in the U.S., the world's biggest producer, caused by cold weather overshadowed concerns about slow Chinese demand growth and forecasts for ample supply. |
| 23/01/2024 | Oil prices eased slightly on Tuesday as traders weighed simmering geopolitical tensions in several regions with supply outages in the U.S. and returning production in Libya. |
| 24/01/2024 | Oil seesawed between modest falls and gains on Wednesday as traders weighed the impact on prices stemming from escalating geopolitical tensions, concerns over tepid demand and a stronger dollar. The front-month March contract for Brent crude rose to $79.59 a barrel at 0712 GMT. U.S. West Texas Intermediate crude also ticked up to $74.41 a barrel |
| 25/01/2024 | Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen's coast underscored the peril facing trade in a key global transit route. Brent crude futures were up 1.1%, to $80.90 a barrel at 1325 GMT, while U.S. West Texas Intermediate crude was up 1.2%, to $76.01 a barrel. |
| 26/01/2024 | Brent crude futures were down 0.6%, to $81.97 a barrel by 0907 GMT. U.S. Thursday's intra-day high of $82.57 is the highest price of the year so far. West Texas Intermediate crude was down 0.6%, at $76.87. |
| 29/01/2024 | Oil prices dipped on Monday as China's ailing property sector took another hit while a drone attack on U.S. forces in Jordan added to supply disruption concerns in the Middle East and Houthi militants stepped up attacks on vessels in the Red Sea. Brent crude futures dipped to $83.32 a barrel by 0937 GMT while U.S. West Texas Intermediate crude futures edged down by $77.74. |
| 30/01/2024 | Oil prices gained on Tuesday following a more than 1% drop the previous session as escalating geopolitical tensions in major producing region the Middle East fuelled supply concerns. Brent crude futures rose 0.07%, to $82.46 a barrel by 0734 GMT. U.S. West Texas Intermediate crude was up 0.31%, at $76.93 a barrel. |
| 31/01/2024 | Oil prices fell on Wednesday as lacklustre economic activity in China, the world's biggest crude importer, weighed on sentiment, but prices were set for their first monthly gain since September as broadening Middle East conflicts raised supply concerns. Brent crude futures for March, which expire today, 0.4%, to $82.56 a barrel by 0700 GMT. The more actively-traded April contract fell to $82.21. |
| 01/02/2024 | Oil prices rose on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and on new support measures for China's embattled property market. Brent crude futures climbed to $81.13 a barrel and U.S. West Texas Intermediate crude futures gained to $76.44 at 0919 GMT, after falling by more than $2 a barrel in the previous session. |
| 02/02/2024 | Oil prices rose on Friday after the OPEC+ group's decision to keep its production policy unchanged, but benchmarks remained on track for weekly losses on China demand growth fears. Brent crude futures were up 0.6%, at $79.20 a barrel by 1001 GMT and U.S. West Texas Intermediate crude futures gained 0.6%, to $79.20. |
| 05/02/2024 | Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia's largest refinery. Brent crude futures rose 0.3%, to $77.59 a barrel by 0709 GMT, while U.S. West Texas Intermediate futures were at $72.41 a barrel, up 0.2%. |
| 06/02/2024 | Oil prices held broadly steady on Tuesday as investors waited to see whether a Middle East trip by top U.S. diplomat Antony Blinken will bring a halt to the Gaza war, which has raised concerns about supplies from the major producing region. Brent crude futures dipped to $77.91 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude futures fell to $72.65. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions. |
| 07/02/2024 | Oil prices rose for a third day on Wednesday after U.S. crude inventories grew less than expected and a cut in the forecast for output growth in the U.S., the world's biggest producer, reduced the likelihood of oversupply. Brent crude futures rose to $79.10 a barrel as of 1412 GMT, while U.S. West Texas Intermediate crude climbed to $73.88. |
| 08/02/2024 | Oil prices gained ground on Thursday as investors considered the impact of Israel's rejection of a ceasefire offer from Hamas and unexpected drops in U.S. fuel stocks. Brent crude futures rose 1.02%, to $80.02 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures were up 0.97%, at $74.58. |
| 09/02/2024 | Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. |
| 12/02/2024 | Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6% higher on Middle East tensions and as refining outages squeezed refined products markets. Brent crude futures were down 1%, at $81.37 a barrel, while U.S. West Texas Intermediate crude futures slipped also about 1%, to $76.1 a barrel at 1022 GMT. |
| 13/02/2024 | Oil prices edged up on Tuesday as uncertainty over fighting in the Middle East kept markets on edge, but gains were capped by concerns that central banks will keep interest rates higher for longer to battle inflation, weighing on energy demand. Brent futures rose to $82.30 a barrel as of 0924 GMT. U.S. West Texas Intermediate (WTI) crude gained to $77.23 a barrel. |
| 14/02/2024 | Oil prices were little changed on Wednesday, holding on to Tuesday's gains on a robust demand growth forecast from OPEC and a sharp decline in U.S. fuel stocks. Brent crude futures rose by 0.14%, to $82.89 a barrel by 1235 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 0.06%, at $77.92. |
| 15/02/2024 | Oil prices fell on Thursday after a larger-than-expected jump in U.S. crude inventories raised doubts about the strength of demand in the world's largest economy and top oil consumer. Brent crude futures fell 0.5%, to $81.22 a barrel at 0837 GMT, while U.S. West Texas Intermediate crude futures declined 0.6%, to $76.21 a barrel. |
| 16/02/2024 | "There was a tentative attempt to recover yesterday morning, but hopes were shattered after the IEA published its updated supply-demand outlook," said Tamas Varga of oil broker PVM. Brent crude futures were down 0.6%, at $82.33 a barrel at 0915 GMT. U.S. West Texas Intermediate crude futures fell to $77.70. |
| 19/02/2024 | Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world's biggest oil user, stoked worries that sticky inflation and higher interest rates would limit fuel consumption growth. Brent crude futures were down 0.7%, at $82.92 a barrel at 0720 GMT. The March contract for U.S. West Texas Intermediate crude , which expires on Tuesday, was 0.5%, lower at $78.78. |
| 20/02/2024 | Oil prices edged up on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand. |
| 21/02/2024 | Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures rose 24 cents or 0.3% to $82.58 a barrel by 0721 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 21 cents or 0.3% at $77.25. |
| 22/02/2024 | Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 0.5%, to $78.28 a barrel. |
| 23/02/2024 | Oil prices fell on Friday and were on track for a weekly decline after the U.S. central bank indicated that interest rate cuts could be delayed by at least two more months. Brent crude futures were down 1.6%, at $82.32 a barrel by 1313 GMT and U.S. West Texas Intermediate crude futures lost1.7%, to $77.26. |
| 26/02/2024 | Oil prices fell on Monday, extending losses on market views that higher than expected inflation could delay cuts to high interest rates that have been capping growth in global fuel demand. Brent crude futures fell 0.6%, to $81.16 a barrel by 1210 GMT. U.S. West Texas Intermediate crude futures (WTI) were down 0.5%, at $76.09. |
| 27/02/2024 | Oil prices were largely stable on Tuesday, as investors weighed up signals of a Gaza ceasefire against the reality on the ground in the Middle East. Brent crude futures fell 0.12%, to $82.43 a barrel by 0923 GMT, while U.S. West Texas Intermediate crude futures (WTI) were down 0.09%, to $77.51 a barrel. |
| 28/02/2024 | Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a rise in U.S. crude stocks offset a boost from a potential extension to OPEC+ supply curbs. Brent crude futures fell 90 cents, or $82.75 a barrel by 0902 GMT. U.S. West Texas Intermediate futures (WTI) were down 1.17%, at $77.95. |
| 29/02/2024 | Oil prices fell on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure. |
| 01/03/2024 | Oil prices edged lower on Thursday as U.S. inflation data implied a softening of the world's biggest economy that could weaken crude demand, with rising OPEC production also weighing on prices. |
| 04/03/2024 | Oil prices were little changed on Monday following the widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group on Sunday. Brent futures slipped to $83.41 a barrel at 1035 GMT after rising 2.4% last week. U.S. West Texas Intermediate (WTI) fell to $79.74 a barrel following a 4.6% gain last week. |
| 05/03/2024 | Oil steadied on Tuesday after falling in the previous session as the prospect of a tighter market due to OPEC+ supply restraint offset concern over Chinese growth and uncertainty over the pace of interest rate cuts. |
| 06/03/2024 | Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns in China and the U.S., the world's two biggest crude consumers. |
| 07/03/2024 | Oil prices were little changed on Thursday as markets weighed new economic data from China against increasing supply from the Western Hemisphere. Brent crude futures settled flat at $82.96 a barrel. U.S. West Texas Intermediate crude futures ended lower at $78.93. |
| 08/03/2024 | Oil prices rose on Friday, driven by growing demand in the world's biggest consumers, the United States and China, while the U.S. Federal Reserve gave a positive signal on the possibility of rate cuts. Brent crude futures were up 0.7% at $83.54 a barrel by 0700 GMT. U.S. West Texas Intermediate crude futures rose 0.9%, to $79.62. |
| 11/03/2024 | Oil prices extended last week's losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding the Middle East and Russia limited the decline. Brent futures fell 0.2%, to $81.96 a barrel as at 0723 GMT, while U.S. West Texas Intermediate (WTI) dropped 0.2%, to $77.8. |
| 12/03/2024 | Oil prices rose in Tuesday trade as geopolitical tensions in the Middle East continued to spur concern, but gains were limited on bearish demand sentiment and as the market waited for monthly reports from oil agencies. |
| 13/03/2024 | Oil prices rose on Wednesday on expectations of strong global demand, including in the world's top consumer the United States, while somewhat sticky U.S. inflation did not significantly alter expectations that the Fed might start cutting rates soon. Brent futures for May rose 0.3%, to $82.20 a barrel by 0730 GMT. April U.S. West Texas Intermediate crude contract gained 0.4%, to $77.84. |
| 14/03/2024 | Oil prices climbed in early trade on Thursday, supported by strong demand in the U.S. after gasoline stocks hit a three month low and crude stockpiles dropped unexpectedly, with supply concerns remaining after Ukrainian attacks on Russian refineries. Brent futures for May climbed 0.13%, to $84.14 a barrel at 0652 GMT, while April U.S. West Texas Intermediate (WTI) crude rose 0.13%, to $79.82 per barrel. |
| 15/03/2024 | Oil prices edged lower on Friday but were on track to gain nearly 4% for the week, boosted by the International Energy Agency revising its 2024 oil demand forecasts higher and an unexpected decline in U.S. stockpiles. Brent crude oil futures fell 0.4% to $85.04 a barrel at 0751 GMT, after crossing $85 a barrel for the first time since November on Thursday. U.S. West Texas Intermediate (WTI) crude fell 0.4% to $80.91. |
| 18/03/2024 | Oil prices ticked up in Asian trade on Monday, extending gains from last week of nearly 4% on the view that supply was tightening, with the risks heightened by further attacks on Russian energy infrastructure. Brent crude oil futures for May delivery climbed 0.5%, to $85.81 a barrel by 0720 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 0.6%, at $81.53. The more active May delivery contract for WTI traded 0.6%, higher at $81.08 per barrel. |
| 19/03/2024 | Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of the Fed's decision on U.S. interest rates. The Brent crude oil futures contract for May delivery slipped to $86.74 a barrel as at 0708 GMT, while U.S. West Texas Intermediate (WTI) prices fell to $82.03. The WTI April contract, with expires tomorrow, fell to $82.59. |
| 20/03/2024 | Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session. |
| 21/03/2024 | Oil prices rebounded on Thursday as U.S. crude and gasoline stock drawdowns lent support despite signs that the U.S. Federal Reserve may keep interest rates higher for longer. |
| 22/03/2024 | Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. |
| 25/03/2024 | Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. |
| 26/03/2024 | Oil was little changed on Tuesday after rising in the previous session as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support. |
| while U.S. West Texas Intermediate (WTI) crude futures fell to $81.87 a barrel at 1005 GMT." | |
| 27/03/2024 | Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the United States, the world's biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. |
| 28/03/2024 | Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned to buying mode. Brent crude futures for May were up 0.5%, at $86.49 a barrel while the more actively traded June contract rose 0.4%, to $85.77 at 0757 GMT. The May contract expires on Thursday |
| 02/04/2024 | Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the U.S., the world's biggest oil consuming nations, and growing concerns of a widening conflict in the Middle East that could affect supply from region. |
| after reaching the highest close for a front month contract since Oct. 27 in the previous session." | |
| 03/04/2024 | Oil prices extended gains on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas war to more directly include Iran. |
| 04/04/2024 | Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output cuts in place and on signs of stronger economic growth in the U.S., the world's biggest oil consumer. |
| 05/04/2024 | Oil prices extended gains on Thursday, settling up more than $1 as geopolitical tensions and output cuts outweighed caution about U.S. Federal Reserve rate cuts. Brent futures for June rose above $91 a barrel before settling up 1.5%, to $90.65. U.S. West Texas Intermediate (WTI) futures for May settled up 1.4% to $86.59 a barrel. |
| 08/04/2024 | Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict. |
| 09/04/2024 | Oil prices rose on Tuesday after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza amid concerns the lingering conflict could potentially disrupt supply from the key Middle East producing region. Brent crude futures rose to $90.52 a barrel by 0610 GMT. U.S. West Texas Intermediate (WTI) crude was 10 cents higher at $86.53. |
| 10/04/2024 | Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up at $89.67 per barrel at 0650 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose to $85.47 |
| 11/04/2024 | Oil prices slipped on Thursday as persistent inflation dampened rate cut optimism but stayed near six-month highs as investors braced for a potential attack on Israeli interests by Iran. |
| while U.S. West Texas Intermediate crude futures lost 0.3% to $85.91 a barrel" | |
| 12/04/2024 | Oil rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though the market is set for a weekly loss on expectations of fewer U.S. interest rate cuts this year. |
| 15/04/2024 | Oil prices fell on Monday as market participants dialled back risk premiums following Iran's weekend attack on Israel that the Israeli government said caused limited damage. |
| 16/04/2024 | Oil prices rose on Tuesday after data showed China's economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran's weekend missile and drone attack. |
| 17/04/2024 | Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. Brent futures for June fell 0.44%, to $89.62 a barrel by 0632 GMT, while U.S. crude futures for May fell 0.56%, to $84.88 a barrel. |
| 18/04/2024 | Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided. |
| 19/04/2024 | Oil prices jumped on Friday as reports that Israel had attacked Iran roiled markets and sparked concerns that Middle East oil supply could be disrupted. |
| 22/04/2024 |
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