January 2026 Energy Market Overview: Fundamentals Amid Transition
Overview Oil prices diverged from the broader trend of rising metals and North American natural gas. WTI fell to lows near US$55/bbl, driven by abundant U.S. supply, growing output from Canada and Guyana, and continued flexibility from OPEC, which together outpaced demand growth. Profoundly impacted by past downturns, Canadian producers became resilient, supported by stronger …
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