Europe’s aluminum woes
The energy sector in the euro area is now in the doldrums: after growing 0.4% YoY in July, its output dropped 2.9% YoY in the following month.
OPEC+ decision – trick or treat?
At the JMMC meeting last week, OPEC+ decided to make the biggest output cut since May 2020 and extend its production co-operation agreement until the end of 2023, a move not expected by many.
Gas market: off to unchartered waters
The leaks discovered last week in two natural gas pipelines in the Baltic Sea have not only prompted major concern among climate activists (methane is 30 times more damaging to the environment than carbon dioxide), but have also brought renewed limelight on the ailing gas market.