Natural Gas News – March 21, 2025
Natural Gas News – March 21, 2025
OPEC+ Output Cuts and Sanctions Fuel Market Uncertainty
Oil prices gained nearly 2% this week, driven by sanctions and new OPEC+ output cuts through mid-2026. Sanctions could slash global crude supply by 1 million bpd, intensifying the supply-demand imbalance. WTI struggles under pivot point at $68.61; if $67.69 breaks, a fall to $66.57 could follow. Oil prices surged for a second consecutive week, with Brent and WTI rising nearly 2%, marking their strongest gains since early 2025. Heightened geopolitical tensions and new supply restrictions fueled market uncertainty, raising bets on further price increases. Fresh sanctions on crude exports are expected to reduce global supply by 1 million barrels per day (bpd), adding to pressure from OPEC+ production cuts. Seven OPEC+ members announced additional reductions of 189,000 to 435,000 bpd through mid-2026. While market ana…https://tinyurl.com/4drfhjse
Nat Gas prices may predict when a peace deal is near
Markets saw only a modest reaction Tuesday after Russia agreed to a temporary pause in attacks on energy infrastructure in its war against Ukraine — potentially a small step toward a peace deal. But when a credible peace deal is in sight, it will likely be natural-gas futures that provide the first clue, analysts said. Any increase in Russian energy production is “better said in natural-gas terms, since gas volume has definitely gone down” since the start of the war in Ukraine, said Manish Raj, managing director at Velandera Energy Partners. The U.S. and Russia agreed Tuesday that the “movement to peace will begin with an energy and infrastructure ceasefire, as well as technical negotiations on implementation of a maritime ceasefire in the Black Sea,” according to a readout of President Do… For more info go to https://tinyurl.com/27wsxwcx
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