Weak demand globally, along with the potential impact of the incoming Trump administration, has caused yet another delay in unwinding OPEC’s production cuts.
On the gas side, US gas producers remain challenged in the closing months of 2024 as low gas prices and unexpected productivity in basins dampened activity. However, we think the outlook for this resource is improving. And European storage draws are deeper and ahead of schedule, indicating a rough winter and elevated summer refilling season.
Here, we outline our expectations for the oil and gas industries and the companies that are best positioned to succeed amid this environment.
This post originally appeared at Morningstar.