Pre-Trading Thoughts

Egypt is set to resume LNG exports in January after half a year with virtually no gas leaving its shores. The government hopes to export as much as 1 billion cubic feet of gas per day from the beginning of next year. OPEC+ member states are meeting today to discuss how to respond to falling oil prices, decide on next year’s production targets, and decide on whether to prolong production cuts. Emirati firm Dana Gas is planning to invest USD43 million in Egypt next year, as part of an intensive...