Oil and Gas Industry Pulse: Q4 2024

Oil prices again take a hit while OPEC supply cuts to extend past April.

Oil prices are taking a hit in the fourth quarter of 2024 as oversupply concerns remain a focal point for investors. OPEC revised its plans to delay supply cuts to the market, opting to delay even further to April. Henry Hub natural gas prices dropped slightly due to seasonal hurricanes, but they shouldn't stay down for long. In contrast, European LNG prices spiked due to rapid drawdowns, whereas Asian LNG prices dipped slightly as a result of reduced gas usage.

Download the Q4 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.