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On November 30th, three OPEC+ representatives indicated that OPEC+ is likely to maintain its first-quarter 2026 oil production levels at its Sunday meeting, a move that would moderate its efforts to regain market share amid growing market concerns about oversupply. Similar comments were made by other sources this week. The organization had been cutting production for years until April of this year, when eight member countries began increasing output to restore market share.November 30th - The 2026 national civil service examination for central government agencies and their affiliated institutions was held today. The Administrative Aptitude Test was held from 9:00 AM to 11:00 AM, and the Essay Writing Test was held from 2:00 PM to 5:00 PM. The 2026 national civil service examination plans to recruit 38,100 people, a decrease of 1,600 from last year. Although the number of recruits has decreased slightly compared to last year, the number of applicants has reached a record high. According to data released by the State Administration of Civil Service, 3.718 million people passed the qualification review by employing units, with a ratio of approximately 98:1 between those who passed the qualification review and the planned recruitment number.On November 30, Venezuelan Foreign Minister Silva issued a statement via social media on the 29th, strongly condemning the US governments actions that threatened Venezuelas airspace sovereignty, calling it a "colonial threat" and "illegal aggression," and announcing that the US actions had forced the suspension of flights for Venezuelan migrants to return home. The statement noted that US President Trump posted a message on social media that day attempting to exercise "illegal extraterritorial jurisdiction" over Venezuela, issuing "orders" over Venezuelan airspace. The Venezuelan government firmly opposes this, believing that it seriously infringes upon Venezuelas airspace sovereignty, territorial integrity, and aviation safety, and is a "hostile, unilateral, and arbitrary act" that violates the purposes and principles of the UN Charter.American Airlines stated that the aircraft affected by the Airbus software glitch have been repaired.Ukrainian President Volodymyr Zelensky will meet with French President Emmanuel Macron in Paris on Monday.

Natural Gas Price Forecast: Prices Will Maintain Their Upward Traction

Alina Haynes

May 19, 2022 11:17

Wednesday marked the fourth straight trading day in which natural gas prices advanced.

 

In the majority of the United States, the National Oceanic and Atmospheric Administration predicts that the weather will be above normal for the next 6 to 10 days and average for the next 8 to 14 days.

 

The EIA reports that US LNG shipments declined by four vessels in comparison to the prior week. LNG terminals may conduct seasonal maintenance that reduces exports.

Technical Evaluation

On Wednesday, natural gas prices resumed their upward trajectory after surpassing $8.00 on Tuesday. Prices may encounter target resistance near $9, the 2022 peak. As the fast stochastic generated a crossover sell signal, short-term momentum has turned negative.

 

Positive momentum could develop over the course of the next few months. The MACD (moving average convergence divergence) histogram is negative and rising, indicating range-bound trading conditions.

 

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