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Signals of deregulation in the Energy industry? Trump: Invest 1 billion in the USA, your company can receive expedited government approval.
Trump posts that the expedited approvals and permits include but are not limited to environmental aspects. Comments suggest that fast tracking may help him achieve his goal of increasing Oil & Gas development and reducing regulations, which is what he referred to as "we need to drill" during the October campaign.
Is EOG Resources Stock Underperforming the Dow?
More Rigs in Action: Are EOG & MTDR Stocks Must Watch Now?
Midday crude oil analysis: How is the price trend of Brent crude oil under the condition of oversupply?
Despite the ongoing geopolitical tensions, analysts have further lowered their price forecasts for 2025 due to the expectation of a supply surplus next year.
Morgan Stanley's outlook for the 2025 bulk market: gold is the preferred hedge aiming for 3000 dollars, demand supports a V-shaped rebound in industrial metals, and crude oil product continues to fall due to oversupply.
Morgan Stanley forecasts that gold prices will rise to 3,000 dollars per ounce next year, considering potential deficit expansion, silver and platinum may rise to 38 dollars per ounce and 1,200 dollars per ounce respectively. The crude oil market is expected to shift from this year's supply-demand balance to a surplus of 1.3 million barrels per day, with Brent and WTI crude oil prices expected to drop to 70 dollars and 64 dollars respectively by the end of next year.
Not only working hard for nothing but also losing money! Bank of America: OPEC+ will lose more market share.
The usa thinks that OPEC+'s decision to delay production increases is unlikely to boost oil prices, and will instead hand over more market share to other oil-producing countries, including the usa.