Shell is advancing the Dragon offshore gas development in Venezuela after new U.S. general licenses eased restrictions on foreign energy investment, enabling the company to progress toward eventual LNG exports via its Atlantic facility. The move underscores potential long-term demand support for both Natural Gas and benchmark crude Oil – Brent Crude, while highlighting ongoing geopolitical and regulatory risk in the region.
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Over the past month, natural gas prices have fallen about 23%, reflecting ample supply and mild demand, and the 1-day technical outlook currently flashes a Sell signal that points to lingering downside pressure. In contrast, Brent crude has gained roughly 12% in the same period, supported by tighter oil balances, and the short-term technical setup is rated Strong Buy, indicating firm bullish momentum. Investors can explore more updates, prices, and analysis across global markets at Commodities.