What's Affecting Oil Prices This Week? (Nov. 11, 2024)
The return of Donald Trump to the U.S. presidency could have both positive and negative impacts on the oil market.
Moelis’ Cantor: Trump to Make American Energy Investable Again
Former GOP Majority Leader Eric Cantor, vice chairman and managing partner at Moelis, said EV subsidies are likely to be in the president’s crosshairs in his second term.
WoodMac: $3.5 Trillion Needed Annually to Hit Net Zero Targets
Higher demand for oil, gas and coal will delay peak emissions past 2030 and push the world beyond Wood Mackenzie’s base transition case and closer to a 3 C pathway, the consultancy said in a new report.
What's Affecting Oil Prices This Week? (Oct. 28, 2024)
With the ongoing stream of disappointing economic news about China, and the reduction in the geopolitical concerns about the Middle East (at least for the short term), Stratas Advisors expect that there will be downward pressure on oil prices.
Geopolitical Tensions Complicate Oil Price Predictions
Geopolitical tensions around the world are an ongoing wildcard for oil prices in the near-term, according to BOK Financial Securities’ Dennis Kissler. U.S. producers will have to pivot off of whatever hand they are dealt.
What's Affecting Oil Prices This Week? (Oct. 14, 2024)
Similar to last week, Stratas Advisors forecast that oil prices will be relatively flat with a downward bias unless there is another military strike of note.
OPEC Cuts 2024, 2025 Global Oil Demand Growth View Again
The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December after earlier delaying the hike against a backdrop of falling prices.
First-half 2024's US LNG Exports Rise 3%, DOE Says
U.S. LNG exports rose 3% in the first half of 2024 compared to the same six month period in 2023 and the top 10 countries importing U.S. LNG accounted for 67% of the North American country’s LNG exports in the first half of 2024, according to a recent report from the U.S. DOE.
RBAC: Environmental Pressures Undercutting the Global Gas Network
RBAC founder and energy economist Robert Brooks worries that environmental goals and pressures have taken a front seat at the expense of affordable energy access to countries such as Africa.
Kissler: How Long Will Geopolitical Unrest Support Crude Prices?
Slower global economic growth pulls prices in the opposite direction even as oil prices were up about 4% on Oct. 10 due to factors including risks to Middle East supply.