According to American Chemistry Council (ACC) Weekly Chemistry & Economic Trends report on December 23, 2022, while prices for natural gas rose earlier in the week in anticipation of extremely cold temperatures from the Arctic bomb cyclone, prices eased later in the week on expected milder temperatures going into the last week of the year and early-2023. Oil prices, which were lower earlier in the week on concerns that China’s Covid outbreak will curb oil demand, were boosted on a larger than expected draw of U.S. crude oil inventories. The combined oil and gas rig count fell by four to 774 during the week ending December 17th.
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Published on December 26, 2022 9:28 AM (GMT+8)Last Updated on December 26, 2022 9:28 AM (GMT+8)