Oil and Gas Industry Pulse: Q3 2024
Oil and Gas Industry Pulse: Q3 2024
The oil and gas market continues to remain oversupplied as oil prices take a greater hit
In the third quarter of 2024, various market dynamics and geopolitical influences drove significant shifts in the oil and gas sector. Oil supply concerns remain a top focus – as the OPEC recently announced its plans to its output to the market to begin December 2024. However, the US is expected to continue to increase production. At the same time, Henry Hub natural gas prices are dropping due to delays in new LNG capacity. In contrast, European and Asian LNG prices are rising due to stronger 2025 demand forecasts.
Download the report now to discover more on how the sector navigates the complex intersection of supply adjustments, price fluctuations, and geopolitical tensions.
What's Inside
What's Inside
- Detailed analysis of OPEC's oil supply decisions and their implications on the global oil market
- Examination of the volatility in natural gas prices caused by the Russian-Ukraine conflict
- Insights for the LNG market outlook and the NGL market forecast for Q3 2024