Gas Catapults Its Forecasts, While Oil Prices Downwards

Gas and oil follow opposite paths and, according to market leaders, will only move further away from each other in the future. Gas increases its demand and price forecasts with each new report, while the ‘black gold’, increasingly less worthy of its nickname, is pouring further and further south of the $70 per barrel barrier. Woodside Energy, Australia’s leading natural gas producer, said on Tuesday that according to the company’s calculations t…