geopolitics

U.S. distillate consumption has begun to fall in line with the deceleration in manufacturing activity.

13 million barrels per day: that is Saudi Arabia’s maximum rate of production as stated the previous weekend by Prince Mohammed Bin Salman.

Natural-gas futures have jumped 48% this month—including 10% on Wednesday —to $8.007 per million British thermal units, reversing last month’s plunge and reviving a key driver of inflation.

US front-month natural gas futures closed at $6.426 cents per million Btus, compared to gas trading at around $48 per mmBtu in Europe and $39 in Asia.

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