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Financial Times newsletter on the aftermath of the Texas freeze, noting Macquarie expects higher profits from gas shipping and asking whether the oil price rally will run out of steam. It also notes shale producers are considering a production boost once prices allow.
Expected shale output growth would add supply and could cap crude prices later in 2021, which weakens the energy-cost support for feed and freight.
ft.comDerek Brower, Justin Jacobs, Myles McCormickFeb 23, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
