Oil and Gas Industry Pulse: Q3 2024

The oil and gas market continues to remain oversupplied as oil prices take a greater hit

Oil prices are taking a hit in the third quarter of 2024 as oversupply concerns remain a focal point for investors. OPEC recently pushed back on its plan to add supply back to the market beginning in October, opting to delay until December. 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 Q3 Oil and Gas Pulse to learn what contributed to trimmed energy stock prices and how the sector plans to navigate supply adjustments, price fluctuations, and geopolitical tensions.