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On May 16, 2024, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by 70 Bcf from the previous week, compared to analyst consensus of +76 Bcf. At current levels, stocks are 421 Bcf higher than last year at this time and 620 Bcf above the five-year average. Natural gas prices gained ground after ...
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Russia-China ties are a “stabilizing” force for the world, Russian President Vladimir Putin told his counterpart Xi Jinping during his state visit on Thursday. Putin’s two-day visit to China comes at the invitation of Xi and will be the Russian leader’s first foreign trip since he began his fifth term in office last week. “Relations between Russia and China ...