Watch: Market Movers Europe, Feb 26 – Mar 2: Ruling due on Gazprom, Naftogaz dispute; cold snap expected to impact power market
Steel producers will be leaning on the European Commission this week to respond to the expected implementation of far- reaching import restrictions by the US.
Turning to natural gas, a key decision is expected this week in the near four-year arbitration dispute between Russia’s Gazprom and Ukraine’s Naftogaz.
In the power market, Arctic temperatures are expected to keep prices buoyant across northwest Europe and the UK, as coal and gas plants are called on to meet a surge in demand.
Meanwhile, in oil, the cold snap is expected to generate extra demand from the kerosene-heating segment, which would lend further support to jet fuel prices.
Finally, Iraqi officials including oil minister Jabbar al-Luaibi host the Iraq Petroleum 2018 conference in Berlin on Tuesday. Our social media question for this week:
What actions do you think President Trump will take on steel imports? Tweet us your thoughts with the hashtag #PlattsMM.