Last week saw a sharp decline of 22.23% in Natural Gas futures (NGAS), with prices falling to $4.113 per MMBtu (million British thermal units). What drove such a pronounced move? First, a preliminary clarification is warranted. Commodities exhibit materially higher volatility than equities or FX. This is readily observable in instruments such as crude oil […]
Over the past weekend, OPEC+—the world’s leading oil-producing coalition comprising eight countries including Saudi Arabia and Russia and accounting for roughly one-third of global crude output—announced a voluntary pause to the production increases originally planned for the next three months. The initial proposal envisaged adding 1.65 million barrels per day to its current output of […]
