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Daily (08.09.2023): British gas prices turned bullish on Thursday amid concerns about strike actions in Australia and limited LNG supply
Crude oil prices lost ground on Thursday due to concerns about economic growth in both the United States and China, which overshadowed the impact of extended supply cuts by Saudi Arabia and Russia. Hence, Brent crude traded around 1% lower at $89.92 a barrel. Meanwhile, U.S. WTI crude fell by 0.8% to end at $86.87 a barrel.
read more... 08/09/2023
Daily (07.09.2023): Gas prices retreated on Wednesday due to postponed strikes at Australian LNG plants
On Wednesday, crude oil prices edged higher as traders expected reductions in U.S. crude due to ongoing production cuts in both Saudi Arabia and Russia. Hence, Brent crude rose by 0.6% to $90.60 a barrel, while WTI crude increased by about 1% to $87.54 a barrel.
read more... 07/09/2023
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Risk of EU gas price “surges” remain this winter
The recent rise in European gas prices due to the threat of curtailed Australian LNG supplies show the risk of price “surges” remain as winter approaches, think tank Ember said on Wednesday.
read more... 31/08/2023
Chevron's Australia LNG ops could face daily 10-hr stoppages as union fight escalates
Chevron's (CVX.N) two major liquefied natural gas (LNG) production facilities in Australia could face daily work stoppages of up to 10 hours next week after unions on Tuesday threatened labour action in a dispute over pay and conditions.
read more... 29/08/2023
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European gas prices rise on growing prospect of Australian LNG strike
European natural gas prices jumped in volatile trading on Monday as the prospect of a strike at a liquefied natural gas producer in Australia intensified fears of disruption to global supplies.
read more... 22/08/2023