Oil Prices Remain Rangebound as 2024 Draws to a Close

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…