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Tensions between Russia and Ukraine are top of mind this week, along with China’s efforts to clear the air during the Lunar New Year holiday and ahead of the Winter Olympics. US natural gas production and low-alumina ore prices are also in focus. 1. Total shutdown of Russian gas to Europe highly unlikely: Platts Analytics ...
Europe has nine weeks of natural gas storage reserves at the current rate of withdrawal, with nine weeks of the winter delivery period remaining, an analysis by S&P Global Platts found, even amid the deluge of LNG being received. With Russian exports to Europe’s key trading hubs still constrained year on year, there is an ...
US crude oil exports are expected to rise in 2022 and exceed an average of 3 million b/d as North American production rises amid a higher oil and gas pricing environment. However, US exports will not spike as much as crude production volumes this year because domestic demand also is expected to increase with refineries ...
The oil market faces a precarious situation in 2022 amid renewed supply disruptions, intensifying geopolitical risks, dwindling OPEC+ spare capacity, and a rise in security incidents targeting oil infrastructure, analysts said. Oil markets have resumed their bullish trend and prices have hit multi-year highs, defying expectations that supply would outpace demand in the first quarter ...
In 2020, China banned the importation of Australian coal. With a phase down of coal expected, this could prove a permanent fixture.