Oil Prices Remain Rangebound as 2024 Draws to a Close ...Middle East

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Oil Prices Remain Rangebound as 2024 Draws to a Close
source : OILPRICE ( Middle East ) () 83
Oil prices are ending the year very close to where they started the fourth quarter, with very limited movement in the last three months despite some major catalysts.- Global LNG exports grew at the slowest pace since 2015 despite natural gas demand being forecast to grow by around 2.5% this year, with limited capacity additions adding to pricing pressures seen across the year. - Annual LNG shipments will total 414 million tonnes of LNG in 2024, up a marginal 0.4% compared to the previous year, with the United States posting the same 87…

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