EIA Short-Term Energy Outlook report: Gasoline prices are expected to be $3.62/gallon in 2023, compared with the previous forecast of $3.60/gallon. Gasoline prices are expected to be $3.69/gallon in 2024, compared with the previous forecast of $3.52/gallon.

EIA Short-Term Energy Outlook Report: U.S. natural gas consumption is expected to be 89.17 billion cubic feet per day in 2023, compared with the previous forecast of 89.72 billion cubic feet per day. U.S. natural gas consumption is expected to be 88.38 billion cubic feet per day in 2024, compared with the previous forecast of 88.84 billion cubic feet per day.

EIA Short-Term Energy Outlook Report: U.S. natural gas (dry gas) production is expected to be 103.72 billion cubic feet per day in 2023, compared with the previous expectation of 102.69 billion cubic feet per day. U.S. natural gas (dry gas) production is expected to be 105.13 billion cubic feet per day in 2024, compared with the previous forecast of 104.93 billion cubic feet per day.

EIA Short-Term Energy Outlook: Natural gas prices are expected to be $2.61/thousand cubic feet in 2023, compared with the previous forecast of $2.58/thousand cubic feet. Natural gas prices are expected to be $3.23/thousand cubic feet in 2024, compared with the previous forecast of $3.24/thousand cubic feet.

Ukrainian Prime Minister Shmeygar: The national budget deficit will account for approximately 20% of GDP this year and will reach 21% next year.

Ukrainian Prime Minister Shmeygar: Ukraine will need about $42 billion in budget support this year and next.

U.S. Energy Information Administration (EIA): We expect that U.S. or Western households that heat their homes with natural gas will pay less to heat their homes this winter than they did last winter. The cost of propane and electric home heating is likely to remain relatively flat.

EIA Short-term Energy Outlook Report: U.S. crude oil demand growth is expected to be 60,000 barrels per day in 2023, compared with 130,000 barrels per day previously. U.S. crude oil demand growth is expected to be 150,000 barrels per day in 2024, compared with 160,000 barrels per day previously.

EIA Short-Term Energy Outlook Report: U.S. crude oil production is expected to increase by 1.01 million barrels per day in 2023, compared with the previous expectation of an increase of 870,000 barrels per day. U.S. crude oil production is expected to increase by 200,000 barrels per day in 2024, compared with an increase of 380,000 barrels per day previously.

EIA Short-Term Energy Outlook Report: U.S. crude oil production is expected to be 12.92 million barrels per day in 2023, compared with the previous forecast of 12.78 million barrels per day. U.S. crude oil production is expected to be 13.12 million barrels per day in 2024, compared with the previous forecast of 13.16 million barrels per day.

Market news: Arab foreign ministers demanded that Israel fulfill all its international obligations as an occupying power and restart the peace process with the Palestinians.

Egyptian President Sisi has called for coordination to end the current Israeli-Palestinian conflict.

Chilean Mining Minister: Chilean National Copper Company (CODELCO) must solve its own problems, and Chile hopes to open the Atacama Salt Flats to new lithium industry players.

ECB Governing Council member Vujcic: Italian bond spreads have not widened significantly.

ECB Governing Council member Vujcic: Liquidity absorption could be a useful tool.

NATO Secretary-General Stoltenberg: Maintain regular contact with Turkey on Sweden’s accession to the NATO.

NATO Secretary-General Stoltenberg: We hope Israel will respond proportionately to Hamas attacks.