Shocking Energy Sector News

Oil is in the administration’s crosshairs, but energy investors still have profit options.

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Dear Investor,

Things look very bright for the rest of this year and into 2025.

The IEA Oil Market Report (OMR), one of the world's most authoritative sources of data, forecasts and analysis on the global oil market, looked at expectations for the next 18 months.

Here’s what they found:

  • Global oil demand is set to rise by 1.1M barrels of oil per day (Mb/d) in 2024. The outlook for 2025 is comparatively unchanged, with the pace of growth now marginally surpassing 2024 at 1.2 Mb/d.

  • World oil supply is projected to increase by 580,000 barrels per day (Kb/d) this year to a record 102.7 Mb/d as non-OPEC+ output rises by 1.4 Mb/d while OPEC+ production falls 840 Kb/d, assuming that voluntary cuts are maintained.

  • Global gains of 1.8 Mb/d are expected in 2025 as non-OPEC+ adds a further 1.4 Mb/d. In April, world oil supply fell 200 Kb/d to 102 mb/d.

  • Global oil inventories surged by 34.6 Mb in March, as oil on water swelled to a fresh post-pandemic high. On land stocks fell by 5.1 Mb to their lowest level since at least 2016, as total Organization of Economic Cooperation and Development (OECD) stocks declined by 8.8 Mb to a 20-year low while non-OECD inventories built for the first time since November. According to preliminary data, global oil stocks rose further in April.

All this data leads to one reasoned conclusion: this is a great time for savvy investors to explore dynamic new opportunities.

Recently, my newsletter Streetlight Confidential did a deep-dive into the energy sector and found some very interesting investment options.

If you want to build your portfolio with positive-looking openings, you owe it to yourself to click here now and learn what we discovered.

Sincerely,

Tim Collins
Sr. Editor, Streetlight Confidential

P.S. Every month, Streetlight Confidential Newsletter delivers in-depth analysis of the stock, bond, precious metals and cryptocurrency markets, so you’ll know where the markets are headed and how to best position yourself.

Plus, as a subscriber, you’ll get regular updates on investment recommendations.