a Multiplicity of Nothing
A year-long cap on the price of gas used for power generation will come into force June 14 for application on the day-ahead market, Spain’s government said June 9. The measure, which applies to both the Spanish and Portuguese markets, was approved June 8 by the the European Commission to run until May 31, 2023.…
Concerns of above-normal prevent planting acres and forecast dry weather during the peak growing season are clouding US corn output prospects for marketing year 2022-23 (September-August), with the crop already expected to be lower on the year at a time when global supplies are also limited. Inclement weather conditions in parts of the US during…
Crude oil production from OPEC and its Russia-led allies rebounded modestly in May from a steep drop in April but remains well short of its collective quotas, according to the latest Platts survey by S&P Global Commodity insights, highlighting the group’s continuing struggles with sanctions and unplanned outages. OPEC’s 13 members pumped 28.62 million b/d…