2024-01-25 22:55:00 ET
Summary
- 2023 energy markets were calmer than 2022 - but still not for the faint-of-heart.
- OPEC+ loomed large in the oil markets in 2023. Their actions - or inactions - coincided with two out of the three largest daily price moves.
- With weather driving heating demand and natural gas prices, El Nino is the thing to watch in 2024.
By By Paul Wightman, Elizabeth Hui, Adila McHich and Cameron Liao
At a glance
- El Niño is expected to be "historically strong" in 2024, which could weigh on natural gas markets
- Jet fuel prices could rebound in 2024, with air travel demand forecasted to break records
Read the full article on Seeking Alpha
For further details see:
5 Things To Watch In Energy Markets In 2024