"Goldman Sachs expects oil prices to rise to $86 per barrel at year-end, as record-high oil demand and lowered supply will lead to a large market deficit"
https://t.co/ByYDSfM4Wz
"The oil and gas rig count, an early indicator of future output, fell by 15 to 696 in the week to June 2, the lowest since April 2022"
https://t.co/whmukic0RG
"Despite global economic headwinds, oil prices could soon return to above $100 per barrel again, sooner than analysts thought two months ago."
https://t.co/XNHhOusDY6
American Petroleum Institute (API) President and CEO Mike Sommers said, โthe solution to meeting demand for affordable, reliable energy is right here in the United States."
https://t.co/lu7i0cP9Aj
"We're at low inventories. If you look in the U.S., we're at minus 20% versus 2015 to 2019 averages. We're heading into a turnaround season. Demand is strong."
https://t.co/JNeBvu495k
"Woods said the current energy crunch is the result of a too-fast shift to renewable energy and efforts to reduce oil production before demand was brought down."
https://t.co/0touOizMaS
โAfter oil prices spiked to $130.50 per barrel in March, price has corrected and rounded out a bullish continuation pattern pointing to $140 per barrel this summer,โ BofA Global Research stated in the report."
https://t.co/bAgYKCPgW7
"since stockpiles may need to be replenished, Strategic Petroleum Reserve releases should have a neutral impact on oil prices over 24 months"
https://t.co/xp51MjWqbn
โWith both geopolitical tensions and energy costs rising, American energy leadership can serve as a stabilizing force while strengthening global energy security"
https://t.co/ad9ZDcrw4q