La Niña Looms Over Natural Gas, Oil Pins Hopes on OPEC

La Niña Looms Over Natural Gas, Oil Pins Hopes on OPEC 

By Erik Norland, Senior Economist, CME Group

Natural Gas: Price Risks as La Niña Looms

Highlights: 

  • Natural gas production has begun to stagnate
  • Demand growth likely to continue
  • La Niña winter will help whittle down large inventory
  • Flat forward price curve reflects market complacency

Will OPEC Agree to Freeze Production? 

Video Highlights: 

  • Oil pins hopes on OPEC production freeze
  • Saudi-Iran conflict could hamper OPEC accord
  • Rising inventories hang over oil market