Germany triggers the second stage of its national gas emergency plan
Risks of energy shortages came back to the fore on Thursday after Germany triggered the second step of its emergency gas plan with the German…
Brent prompt future contract corrected lower, at 63 $/b, as demand-side worries emerged. The US dollar continued strengthening also lowered crude prices. Finally, the anticipation of an OPEC supply hike appears increasingly certain, potentially pushing crude oil in a market with limited refining demand thanks to the slow recovery of Texan refineries and slowing demand in Asia due to turnaround season.
Get more analysis and data with our Premium subscription
Ask for a free trial here