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Chesapeake Energy's CEO is encouraging other companies to cut gas production

According to Nick Dell'Osso, chief executive officer of Chesapeake Energy Corp., the "very clear signal" from low prices in the U.S. gas sector makes it obvious that production needs to be cut.

19 January 2023
U.S. natural gas futures fell by 8% due to forecasts of lower demand

On Wednesday, U.S. natural gas futures fell by about 8%, reaching the lowest level in the past 1.5 years. This decline was caused by forecasts of heating demand reduction by the end of the month.

19 January 2023
API: US crude oil inventories rose by more than 7 million barrels over week

The market's expectations of a decline in crude stocks were refuted. On Wednesday, trade group API reported last week's increase in U.S. crude inventories. The gain amounted to several million barrels.

19 January 2023
Oil decreases due to fears of recession and growing U.S. reserves

On Thursday, the price of WTI oil fell below $79 per barrel. It happened after a nearly 1% decrease on Wednesday.

19 January 2023
Harker: Fed is ready to move to 25-basis-point rate hikes

On Wednesday, Philadelphia Federal Reserve President Patrick Harker made a statement confirming his readiness for the U.S. central bank’s shifting to a slower pace of monetary tightening.

19 January 2023
The IEA expects a new record for global oil demand in 2023

The International Energy Agency (IEA) released its monthly report on Wednesday.

19 January 2023
Prospects for platinum and palladium in 2023

Aleksey Kalachev, an analyst at Finam Financial Group, said that demand for platinum and palladium will majorly depend on the growth dynamics of auto production this year.

19 January 2023
Gold prices are stabilizing after decline caused by growing concerns over recession

On Thursday, the price of gold started stabilizing after a certain decrease amid rising uncertainty regarding possible recession and further course of the U.S. monetary policy.

19 January 2023
Shale boom in U.S. ended

As it was stated by oil analyst at PVM Oil Associates Stephen Brennock, a shale boom in the United States came to its end. Brennock told the Rigzone resource about some factors behind this event.

18 January 2023
Bank of America: gold forecast is optimistic until at least 2026

For the past two and a half years gold investors probably reevaluated the prospects of this asset all the time and experienced many doubts. However, the situation has changed now. Bank of America analysts give gold a positive outlook for the following three years.

18 January 2023