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Markets Have Overreacted to OPEC's Plan To Phase Out Production Cuts

Commodity analysts at Standard Chartered have pointed out that the price undershooting was the consequence of markets being dominated by a combination of extreme macroeconomic pessimism; speculative shorts and over-enthusiastic algorithmic trading ....

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Spain Boosts LNG Port Capabilities But Russian Gas Is In The Mix

Spanish natural gas grid operator Enagas has said that the volume of liquefied natural gas (LNG) vessels loaded in Spain and setting sail for Europe doubled in 2022 ....

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4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

After delaying a vote on Wednesday due to disagreements among member states, member nations of the European Union are hoping to strike a deal on a price cap for Russian oil products this Friday ....

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U.S. Manufacturing PMI Hits Lowest Since May 2020

The U.S. manufacturing sector has contracted once again, marking the lowest PMI since May 2020 ....

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