OPEC recently extended its production cuts by three months to April 2025 and termed out the unwinding of the cuts to 2026, effectively removing 305 million barrels of cumulative production, or 0.84 million barrels per day (mbd), from the 2025 oil market.
Great and insightful article. Long on oil service companies - doing more with less. Once the undersupply is realized, long on oil producers, especially those with positions in West Texas.
12/13/24 Interesting day in the markets as the commodity was up over $71 and I couldn't find an O&G, Midstream or refiner that was up. How apropos, Friday the 13th.
Great and insightful article. Long on oil service companies - doing more with less. Once the undersupply is realized, long on oil producers, especially those with positions in West Texas.
how does trump policy “drill baby drill” affects the markets . Isn’t that bearish for oil market ?
Except maybe ANWR, where production is years off, we've reached Hubbard's Peak, per Gorozen.com.
12/13/24 Interesting day in the markets as the commodity was up over $71 and I couldn't find an O&G, Midstream or refiner that was up. How apropos, Friday the 13th.
Strange days indeed!