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Why Gas Prices Are Likely To Spike Again

03:00pm, Thursday, 30'th Nov 2023
Gas prices were finally starting to go down, but a new OPEC+ deal means they're expected to rise soon.
U.S. oil futures settled with a loss of more than 2% on Thursday, even as OPEC+ announced that several of its member countries agreed to voluntary cuts totaling 2.2 million barrels a day for the first
It's a bit surprising to see oil prices decline sharply after major oil producers pledged additional production cuts for the first quarter of next year, but that's exactly what's happened Thursday fol
OPEC+ producers agreed to 2 million bpd of voluntary production cuts.
U.S. crude production in September rose to a new monthly record of 13.24 million barrels per day, helped by a large increase in North Dakota, home to the Bakken shale, Energy Information Administratio
Traders are concerned the cuts are only voluntary, raising the question of whether OPEC+ can follow through and curtail output, an analyst said.
The OPEC+ alliance had already instituted a 2 million-barrels-per-day cut in place until the end of 2024.
Oil prices dropped in Thursday dealings, giving up early gains, after an official press release from the Organization of the Petroleum Exporting Countries and their allies made no mention of what earl
Oil futures climbed on Thursday after the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, reached an agreement to reduce their monthly overall production b
Crude oil markets rose during the trading session on Thursday as OPEC had its meeting.
With oil crawling back toward $80 per barrel ??? a healthy enough level for market participants?
Natural gas's subtle gain mirrors market caution, with eyes on pivotal resistance levels and evolving energy demand narratives.
Jorge Leon, Senior Vice President at Rystad Energy, discusses the upcoming OPEC+ meeting.
After a meeting of the oil cartel was delayed last week over disagreement, analysts are expecting Saudi Arabia to lead a push to boost energy prices.
OPEC+ meeting's outcome is pivotal, with potential for significant supply adjustments affecting global crude oil markets.
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