Skip to main content

Oversupply and weak demand drag energy prices down

The most significant event in global energy markets over the last month was the biannual OPEC meeting, where the cartel confirmed that it would maintain the current output quota of 30 million barrels per day. Elsewhere, the rally in US natural gas prices came to an abrupt end as investors took profits, causing prices to give up all their previous gains. Coal prices continued to fall as Chinese imports declined again.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.