Foreign Policy. Oil prices have risen in recent days, accounting for the rising level of tension in the Middle East between the USA and Iran and US foreign policy regarding Iraq is in question.
When. Gas prices in Europe continue to be suppressed with US LNG supporting European supply. Predictions of gas price rises in Europe have been deferred in time.
Fast Lane. US LNG exports continue to quickly rise, exceeding 6 Bscf/d in November 2019. Also, North American liquids production rose again, exceeding 28 MMbbl/d.