German Economy Ministry: Significant GDP increase is likely in Q3

Significant GDP increase is likely in Q3 thanks to growth in services.

Economic development could proceed sideways in Q4.

Bottlenecks in raw material delivery may keep hurting industry in the coming months.

 

more to come ...

IEA: Gas-to-oil switch may add 500k bpd to demand over six months

“Energy crisis has prompted a switch to oil that could boost demand by 500,000 barrels per day (bpd),” the International Energy Agency (IEA) said in i
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