RE:Oil & Energy Insider jan. 3rd, 2025Thanks for that indepth report Red.. what intriques me is the year over year data points.. record low crude and gas stocks.. strong refinery numbers and imports up.. US production rather flat tells me we should see some strength in pricing going forward..
Now if and when Trump initiates sanctions against Iran.. we have a game.. I would think the new admin would be interested in restocking crude and gas supplies as well in order to soften the price going forward.. but the short term demand to do that will counter the long term price reduction hopes until those shortfalls are gone.. that being said, if China starts to get traction with their economy looking for barrels also, we could see a decently stable price in 2025 for crude..
I know there's lots of ifs and buts in that thought.. but hey.. it could play out.???