January 16, 2023
European gas slumps to 16-month low on strong supply outlook by Bloomberg, Daily Maverick January 16, 2023 Benchmark futures fell as much as 15% on Monday, taking the decline so far this year to 27%. Chinese importers are trying to divert February and March shipments to Europe amid weak prices at home and high inventories. That’s easing concerns that the reopening of China’s economy will boost demand and pull cargoes away from the west.
This article first appeared on Daily Maverick and is republished here under a Creative Commons license.
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