Posted 1/26/2024, 3:55:00 AM
OPEC Cuts, Weather Impacts, Biofuels Boom Among 5 Key Energy Stories to Watch in 2024
- OPEC production cuts expiring in March, potentially losing the "OPEC floor" that supported oil prices in 2023
- An expected "historically strong" El Nino event putting downward pressure on natural gas prices
- Biofuels production booming, bringing feedstock challenges and links to ag and renewable credit markets
- Jet fuel demand potentially rebounding sharply with air travel forecast to break 2019 passenger records
- Rising U.S. oil and gas exports shifting global pricing benchmarks away from Brent crude