Bulls keep control of European gas hubs
The combination of a further drop in Russian gas imports at Velke Kapusany (-10 mm cm/day), prospects of a drop in temperatures by the end…
Crude prices rallied by 5% as OPEC decided to roll over the current production agreement, while Saudi Arabia extended its voluntary cut for another month. The radical change in the group’s strategy, now aiming at price appreciation instead of volumes, is predicated on the assumption that US producers will not enter the market in 2021.
Get more analysis and data with our Premium subscription
Ask for a free trial here