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Retail sales fall 0.6% as consumers see inflation eroding buying power

Only 8% of consumers believe their incomes will grow faster than inflation in the current year, a 10 percentage point decline from December 2024, according to a University of Michigan survey.

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Why a Record-Strength El Niño Still Might Not Save Europe's Gas Market

Only an exceptionally strong El Niño will meaningfully ease Europe's LNG needs this winter, and forecasters currently rate that outcome as a long shot.

  • Strong El Niño may not sufficiently alleviate Europe's gas market needs this winter.
  • Market participants should consider a moderate warming effect as the current assumption.

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