Other news

Favorable weather conditions in Europe have contributed to lower gas prices. Dutch TTF Natural Gas Futures have been declining for a week in a row, while abnormal temperatures have been reported in EU cities.

This year, gold prices have been under a serious pressure due to the strengthening U.S. dollar and monetary policy tightening by the Fed. According to ING economists, gold will manage to recover in the upcoming year as the Fed’s policy easing begins.

American company Next Decade Corp, engaged in LNG production, announced an increase in the supply of fuel under the sale and purchase agreement. This agreement was entered into with ENN Natural Gas Co. Ltd from China.

Oil prices rallied due to the market optimism on fuel demand recovery. Thus, demand is likely to rebound as China continues to lift restrictions imposed during the COVID-19 pandemic.

The price of gold has increased, exceeding the $1,800 per ounce. This comes as China lifts more and more Covid restrictions, putting pressure on the U.S. dollar amid rising risk assets.

As the government of Germany believes, the country’s key refinery has good prospects to successfully continue operating even in conditions of banning Russian oil supply.

Economists at Commerzbank expect silver to cost $25 by the end of 2023.

From February 1, 2023, a ban on oil exports to countries that implement a price cap will come into force. The date for oil products will be determined by the government later.

A difficult period for the oil market lasting throughout the whole year is about to come to an end. As it is supposed by Commerzbank strategists, Brent Crude Oil prices will rise again next year, reaching a level of $95 in the middle of 2023.

According to a senior industry ministry official, Japan has asked insurance companies to assume additional risks. Such a move was necessary to continue offshore military insurance for liquefied natural gas shippers in waters of Russian Federation.