U.S. oil and gas expansion stalled in first quarter
China independent refiner in marketing deal
China starts up new refinery for heavy crudes
Ford invests in China/Indonesia nickel project
Asia’s thermal coal imports accelerate in March
California to regulate gasoline refining margins
U.S. LNG delayed by tighter financial conditions
Central banks warn over price-price spiral ($FT)
Europe’s gas storage outlook for 2023/24 ($BBG)
U.S. gas production increased by 4% in 2022
U.S. INTEREST RATE traders expect the central bank to lower its target for the federal funds rate to 4.25-4.50% by December 2023, down from 4.75-5.00% at present. Tighter credit conditions and increased caution among households and businesses following regional bank failures are expected to enforce a slowdown on borrowing and economic growth, bearing down on inflation:
U.S. PETROLEUM INVENTORIES including the strategic reserve fell -11 million bbl in the seven days to March 24, after declining -10 million in the week to March 17:
JKempEnergy.com 