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The price of natural gas is so high, Qatar says it is “not happy”
Qatar, the world's largest exporter of liquefied natural gas (LNG), said it was “not happy” with the high price of natural gas and was “concerned” about the low level of global storage. Qatar Energy Minister Saad Al-Kaabi made the above comments on Monday. Currently, a crisis has broken out in the natural gas market, prices have soared to “unhealthy” levels, and supply has not been able to keep up with the sharp rise in demand. European inventories are at their lowest level for the quarter in more than a decade. Al-Kaabi said at a round table in Doha that Qatar is “exhausted” in terms of LNG supplies. He said that Qatar's annual production is 77 million tons
The Brent crude gas station is above 84 US dollars per barrel, continuing to hit its highest level since October 2018.
Brent crude oil futures stood above US $84 a barrel, continuing to hit the highest level since October 2018, and is now up nearly 2% WTI crude oil futures are now up 2.46%.
European stock markets closed higher across the board. The pan-European Stoxx 600 index rose in a row for 10 days.
FX168 Financial News (North America)-European stock markets closed higher across the board on Friday as investors assessed global economic indicators and rising confirmed cases of COVID-19. The pan-European Stoxx 600 index closed up 0.99 points, or 0.21%, at 475.83 points, while Germany's DAX30 index closed up 39.93 points, or 0.25%, at 15977.44 points, up 1.37% this week. Britain's FTSE 100 index closed up 25.48 points, or 0.35%, at 7218.
Could it be a surprise that soaring inflation is a "headache" for the cautious Bank of England on Super Thursday?
The original title: soaring inflation gives the cautious Bank of England a "headache" Super Thursday may be a surprise? Source: FX168 the Bank of England will usher in Super Thursday tomorrow, and this monetary policy meeting will be the last meeting of hawkish chief economist Haldane (Andy Haldane). Mr Haldane warned of an "inflation tiger" and urged policymakers to cut the central bank's £895 billion ($1.24 trillion) programme of quantitative easing by £50 billion. Consumer price inflation in the UK was 2.1% in May, exceeding expectations and nearly two percent.
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