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Ninepoint Energy Market Update

Ninepoint Energy Market Update - 12.5.2024
Key Takeaways
  • 2024 performance and key challenges for energy stocks.
  • Predictions for 2025 oil and gas price bands.
  • The impact of new LNG facilities in the U.S. and Canada.
  • Why energy stocks may be poised for a recovery in 2025.

Dec 19, 2024:

In this week's update, Eric Nuttall reviews the key energy trends from 2024 and his insights on what lies ahead for 2025.

Key Topics:

  • 2024 Recap: Performance and key challenges for energy stocks.
    Oil Market Dynamics: Record-low global inventories and record-high demand.
  • OPEC’s Influence: Strong cohesion within OPEC+ and its role in market stability.
  • U.S. Shale Decline: Why significant growth in U.S. shale production has ended.
  • Non-OPEC Supply Trends: Challenges in output from Brazil and other nations.
  • Energy Price Projections: Predictions for 2025 oil and gas price bands.
  • Natural Gas Outlook: The impact of new LNG facilities in the U.S. and Canada.
  • Long-Term Trends: Implications of declining non-OPEC supply growth by 2026.
  • Investment Insights: Why energy stocks may be poised for a recovery in 2025.

Additionally, Eric discusses the potential for a "Santa Claus rally" in energy stocks and the impact of tax-loss selling on current market sentiment.

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