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The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi Arabia’s energy minister. “Central banks, with all respect, they’re flip-flopping [on their messaging],” Prince Abdulaziz bin Salman said during a Sunday press ...
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Last week, U.S. natural gas prices fell sharply, impacted by increased production, fluctuating demand forecasts, and substantial inventory levels. At times, the selling pressure was relentless as traders continued to assess the potential impacts of shifts in weather and production. During the week-ending May 31, Natural Gas settled at $2.587, down $0.168 or ...