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Two sources said that Tornquist, founder of oil trader Gunvor Group, has lent more than $4 billion to employees for a management buyout.Two sources said the oil trader Gunvor Group is valued at approximately $5 billion.February 19th - According to the Ministry of Transport, the total number of cross-regional passenger trips today is expected to exceed 339 million, a year-on-year increase of 11.5%, setting a new single-day record since the start of this years Spring Festival travel rush. On the third day of the Lunar New Year, Jiangxis Jian launched its first "customized high-speed rail" after the holiday, carrying 415 skilled workers to Suzhou. The flow of migrant workers to Chengdu, Fuyang, and other places started early, with stations adding temporary trains to Beijing, Shanghai, and Shenzhen. The national railway is expected to transport 13.4 million passengers today, with 747 additional passenger trains planned. The traffic volume on national highways is expected to exceed 60 million vehicles today, with heavy traffic on the Hunan section of the Xu-Guang Expressway, the Jiangsu section of the Beijing-Shanghai Expressway, and the Sichuan section of the Chengdu-Bazhong Expressway. Commuter buses connecting stations, airports, and tourist attractions are operating at increased frequency to facilitate passenger transfers. The national civil aviation is expected to transport 2.55 million passengers today, a year-on-year increase of 9.1%, with 19,237 flights operated.A German government spokesperson stated regarding future F-35 fighter jet procurement: "There are currently no plans for such procurement, and no decisions have been made."European Commission President Ursula von der Leyen will visit the Arctic region and Greenland in March.

Natural Gas Price Forecast: Prices Will Maintain Their Upward Traction

Alina Haynes

May 19, 2022 11:17

Wednesday marked the fourth straight trading day in which natural gas prices advanced.

 

In the majority of the United States, the National Oceanic and Atmospheric Administration predicts that the weather will be above normal for the next 6 to 10 days and average for the next 8 to 14 days.

 

The EIA reports that US LNG shipments declined by four vessels in comparison to the prior week. LNG terminals may conduct seasonal maintenance that reduces exports.

Technical Evaluation

On Wednesday, natural gas prices resumed their upward trajectory after surpassing $8.00 on Tuesday. Prices may encounter target resistance near $9, the 2022 peak. As the fast stochastic generated a crossover sell signal, short-term momentum has turned negative.

 

Positive momentum could develop over the course of the next few months. The MACD (moving average convergence divergence) histogram is negative and rising, indicating range-bound trading conditions.

 

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