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Lagarde: ECB will maintain the course to bring inflation down to 2%

President of the European Central Bank (ECB) Christine Lagarde said that the bank is ready to take all needed actions to bring inflation down to its target level.

24 January 2023
Europe's gas reserves are declining amid a cold snap and limitations on supplies from Norway

Gas supplies from Norway are expected to fall to their lowest level in more than 2 months. The drop in temperature has stimulated demand. Gas reserves in Europe are falling.

24 January 2023
AG Thorson: gold is on the way to new historic highs

According to the forecast of AG Thorson, an expert in the field of technical analysis of precious metals markets, the price of gold in 2023 will exceed the level of 2000 dollars. Thus, a new peak is expected this year.

24 January 2023
Germany is still far from replacement of Russian gas capacity

According to the estimates of the German Ministry of Economics, it is going to take a long time for the country to completely switch to LNG and abandon pipeline gas from the Russian Federation.

24 January 2023
Gasoline and diesel sales in the U.K. declined last year

The perspective of fuel demand in the U.K. is falling due to increased sales of electric cars.

24 January 2023
Bullish trend in gold prices remains solid

Hedge funds continue investing in gold for seven weeks in a row, according to the latest trading data from the Commodity Futures Trading Commission.

24 January 2023
Oil continues to rise in price on Chinese and U.S. data

Trading on Tuesday began with a slight rise in prices for crude oil. The perspective of the whole global economy and the recovery of demand in China, as the largest importer of oil, is under attention, for the moment.

24 January 2023
U.S. gas prices jumped by 9%, Freeport requests permission for its restart

At the beginning of this week, U.S. gas prices have sharply increased by 9% from their 19-month low. The rise was driven by two factors. The first one is a request from Freeport LNG to restart its operation. The second one is the weather forecast of a more severe cold snap than expected.

24 January 2023
U.S. Congress to debate restrictions on the use of Strategic Petroleum Reserve

Members of the Republican Party in the U.S. House of Representatives are to vote on a new bill that would prohibit the sale of oil from the Strategic Petroleum Reserve (SPR) without increasing drilling on federal lands.

24 January 2023
Gold to reach $2,000 in the coming weeks

According to Gold.ru analysts, the minimum target of the current gold rally is around $1,950 to $1,975. However, they expect the price to fall back to around $1,850 in the first quarter of the year.

24 January 2023