Whitney Strickland’s Post

World’s Top Oil Trader Sees Oil Demand Peak After 2030. A slower pace of the energy transition will push peak oil demand beyond 2030, according to the world’s biggest independent oil trader, Vitol Group.  “Oil demand has a good few number of years still to climb ... before it plateaus,” Vitol’s chief executive Russell Hardy said at the International Energy Week in London, as carried by Reuters. Overall global demand for oil, natural gas, and coal is also set to peak later than expected as the energy transition is progressing slower than initially thought, according… http://ow.ly/BwR7105k7in

🛢 Did you know that energy commodities, such as oil and natural gas, are some of the most volatile in the world, directly influencing the global economy? 🚀 Recently, energy companies in the US reduced the number of rigs in operation for the third week in a row, and yet oil production continues to grow, expected to reach an all-time high in 2024. 🌎 Want to understand how this dynamic affects oil prices and global demand? Discover all the details and impacts in the post below: #petroleum #wti #USA #energy #fuel #Hedgepoint

🛢 Did you know that energy commodities, such as oil and natural gas, are some of the most volatile in the world, directly influencing the global economy? 🚀 Recently, energy companies in the US reduced the number of rigs in operation for the third week in a row, and yet oil production continues to grow, expected to reach an all-time high in 2024. 🌎 Want to understand how this dynamic affects oil prices and global demand? Discover all the details and impacts in the post below: #petroleum #wti #USA #energy #fuel #Hedgepoint

🛢 Did you know that energy commodities, such as oil and natural gas, are some of the most volatile in the world, directly influencing the global economy? 🚀 Recently, energy companies in the US reduced the number of rigs in operation for the third week in a row, and yet oil production continues to grow, expected to reach an all-time high in 2024. 🌎 Want to understand how this dynamic affects oil prices and global demand? Discover all the details and impacts in the post below: #petroleum #wti #USA #energy #fuel #Hedgepoint

🛢 Did you know that energy commodities, such as oil and natural gas, are some of the most volatile in the world, directly influencing the global economy? 🚀 Recently, energy companies in the US reduced the number of rigs in operation for the third week in a row, and yet oil production continues to grow, expected to reach an all-time high in 2024. 🌎 Want to understand how this dynamic affects oil prices and global demand? Discover all the details and impacts in the post below: #petroleum #wti #USA #energy #fuel #Hedgepoint

U.S. CRUDE PRODUCTION TO RISE U.S. Crude Production to Rise to 13.21 Million Bpd in 2024 – EIA https://hubs.la/Q02kbLKM0 U.S. crude oil production will rise to 13.21 million barrels per day (bpd) in 2024 the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday, which lowered expectation for U.S. crude growth by 120,000 bpd. #crudeoil #crudeproduction #oilandgasindustry #oilproduction #energyindustry #energynews #eia #energyinformation

The US Energy Information Administration lifted its outlook for Brent crude oil prices for this year and next as per the newly released Short-Term Energy Outlook. The EIA now sees the spot price for Brent crude oil averaging $87 per barrel. That’s up 5.6% from the previous month’s forecast of $82, and up from the current price of just over $82 per barrel. For next year, the EIA sees the crude oil benchmark averaging $85 per barrel—a 6.7% increase over the $79 per barrel forecast the agency made last month. For more information and detailed excel tables and charts, please consult the following link: https://lnkd.in/dSM3ia-x #oilandgas #oilmarkets #oilprices #eia #oiltrading #oilmarket #petroleum #crudeoil #lng #lngindustry #energy #energyindustry #outlook

A new report from Carbon Tracker examines the largest oil & gas companies' incentive programs for #FossilFuel production. Despite increased calls to #EndFossilFuels, all but one company still reward fossil fuel growth. See how the companies compare: https://lnkd.in/eZpz7mvS

The OIL MARKET still dominates the energy supply chain with $2T production value surpassing Iron ore by a healthy $1.7B shows oil is here to stay for quite some time and will be phased out gradually after major energy transformation are achieved in electricity, solar and wind. Or we may say that the middle east still continues to control the market and influence several decisions for sustainability. #oil #crudeoil #dominance #energy

Chart of the Week - Energy Sector Value https://lnkd.in/gqmn8Ngt Strong relative value setup for this "alternative hedge" (+ Crude Oil price outlook update...)