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Ninepoint Energy Market Update

Ninepoint Energy Market Update - 2.20.2025
Key Takeaways
  • Energy Realism – A more practical conversation about the pace of the energy transition.
  • Oil Demand Outlook – Experts predict many more decades of sustained oil demand growth.
  • Bullish Natural Gas Projections – Industry and exporting nations anticipate 3-6% annual LNG demand growth until 2050.
  • China’s Rising Energy Demand – Chinese natural gas consumption expected to double by 2040.

Feb 20, 2025

In this week’s update, Eric Nuttall, Senior Portfolio Manager of Ninepoint Energy Strategies, shares exclusive insights from the IEA-OPEC Symposium on Energy Outlooks, where global energy leaders discussed the realistic future of oil and natural gas. The event provided valuable perspectives from industry experts and energy ministers on the long-term trajectory of the sector, debunking misconceptions and offering a bullish outlook for oil and LNG demand.

Key Topics Covered:

• Energy Realism – A more practical conversation about the pace of the energy transition.
• Oil Demand Outlook – Experts predict many more decades of sustained oil demand growth.
• Bullish Natural Gas Projections – Industry and exporting nations anticipate 3-6% annual LNG demand growth until 2050.
• China’s Rising Energy Demand – Chinese natural gas consumption expected to double by 2040.
• The Peak Demand Myth – How flawed forecasts have negatively impacted market sentiment.
• Changing Narratives & Trump Administration Impact – A shift in energy rhetoric could boost oil & gas stocks.
• Shale Oil’s Twilight Phase – Declining U.S. shale growth is a wildly bullish event for crude prices.
• Supply Constraints & Market Impact – The loss of shale as the primary marginal supplier will reshape global energy markets.

Historical Commentary

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