The global market for Petroleum will have a slight supply surplus in 2024, even if OPEC+ nations extend their cuts into next year the head of the International Energy Agency’s petroleum markets and industry division told Reuters. Read too At the moment, however, the oil market is in deficit and inventories are
Sterling strengthened against most other currencies, after Bank of England Governor Andrew Bailey and two other policymakers told the Treasury Select Committee that there is a possibility that the bank rate will be paused at 5.25% for an extended period. Catherine Mann, a member of the Monetary Policy Committee, was also present and warned that
The Financial Times is gated but the gist of the article is that the European Union is considering extending its emergency gas price cap introduced in February. In response to concern of supply disruption and price jumps from a couple of fronts: the conflict in the Middle East the sabotage of a Baltic pipeline Reuters