2024-02-21 06:05:12 ET
On the supply front, Russia, which has pledged output cuts of 500,000 barrels per day (bpd) as part of a package of cuts with Organisation of Petroleum Exporting Countries and its allies (OPEC+), said on Tuesday that it intends to fulfil its OPEC+ quota in February despite a decline in oil refining. Meanwhile, US natural gas prices jumped as major shale driller Chesapeake Energy announced production cuts for the year. ...
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Commodity Roundup: Gold extend gains; Chesapeake output cut plans push natgas higher