Nord Stream 2's subsea route will not allow it to escape EU competition law, placing in doubt the feasibility of the project, speakers said at a debate in the European Parliament.
Speculative traders have sharply cut their short positions in oil and gas futures in advance of the ‘emergency’ meeting of oil producers in Doha later this month.
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The Henry Hub front-month futures price has strengthened in January, helped by brief spells of cold weather. Technical trading has also moved the price out of the oversold territory. The weather is expected to continue to support the price in the coming week.