I'm sure you have heard about the IEA revision to oil demand in coming decades, though short term: "In WEO-2025, all the scenarios indicate ample global supplies of oil and gas in the near term. Oil markets already reflect this, with today’s geopolitical fragility coexisting with oil prices in the $60-$65 per barrel range. A similar easing of market balances for natural gas appears imminent, as new projects for liquefied natural gas (LNG) exports come online."
Excellent presentation Arjun. One of your best. You and Veriten are bullish on oil being coupled to the virtuous power growth dynamic. Appreciate your strong support for that thesis in spite of EIA and other sources. Though even EIA has revised its forecast on oil demand, perhaps since you produced this. Global oil macro is an almost overwhelming metric but you’ve done such a nice analysis and presentation here. Thank you.
Hi Arjun,
I'm sure you have heard about the IEA revision to oil demand in coming decades, though short term: "In WEO-2025, all the scenarios indicate ample global supplies of oil and gas in the near term. Oil markets already reflect this, with today’s geopolitical fragility coexisting with oil prices in the $60-$65 per barrel range. A similar easing of market balances for natural gas appears imminent, as new projects for liquefied natural gas (LNG) exports come online."
https://www.iea.org/news/as-risks-multiply-in-a-world-thirsty-for-energy-diversification-and-cooperation-are-more-urgent-than-ever
And echoing your emphasis on the huge power (eletricity) demand that is sure to come.
Excellent presentation Arjun. One of your best. You and Veriten are bullish on oil being coupled to the virtuous power growth dynamic. Appreciate your strong support for that thesis in spite of EIA and other sources. Though even EIA has revised its forecast on oil demand, perhaps since you produced this. Global oil macro is an almost overwhelming metric but you’ve done such a nice analysis and presentation here. Thank you.
thank you Barry! very much appreciate the kind words.