At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
Oil Sags on Soft Chinese Spending, Investor Pause Before US Fed Rate Move
Summary: Oil prices slipped 0.8% on Monday, with Brent at $73.91 and WTI at $70.71, as weak Chinese consumer spending, profit-taking, and anticipation of the U.S. Federal Reserve’s interest rate decision outweighed last week’s supply-tightening expectations.
Trump Set to Reverse Biden’s EV Support and Tailpipe Emissions Rules
Summary: The Trump Administration plans to overhaul U.S. electric vehicle policy by eliminating EV tax incentives, rolling back emission and fuel economy standards, reallocating EV infrastructure funds to battery mineral processing, and imposing global tariffs on battery materials to boost domestic production.
Oil, Gas Groups Issue ‘Urgent Call’ to House Speaker
Summary: A coalition of oil and gas trade associations, representing over 80% of U.S. domestic production, is urging Congress to pass the Energy Permitting Reform Act of 2024 to streamline the lengthy permitting process, boost energy security, and unlock billions in infrastructure investments before the current session ends.
How AI Energy Demand in 2025 Will Put Natural Gas in the Spotlight
Summary: Natural gas prices are down 13% this year due to mild winters and oversupply, but optimism for 2025 is fueled by rising LNG exports, increased power demand from AI data centers, and regulatory rollbacks expected to boost profitability and infrastructure growth.
Summary: U.S. drilling activity remains steady with 589 rigs, down 5% from last year, including 482 crude rigs (down 19), 103 natural gas rigs (down 16 but up 1 week-over-week), and the Permian Basin holding at 304 rigs, down six year-over-year.
California Gas Prices: The State Makes More Money Than Refiners
Summary: California’s SB-1322 law, aimed at increasing transparency in gasoline pricing, reveals that refiners’ gross profit margins are minimal, with high gas prices being primarily driven by taxes, fees, and strict fuel regulations rather than excessive profits from oil companies.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
Oil Prices Mixed as Rising Mideast Tensions Offset Demand Concerns
Summary: Oil prices fluctuated as Middle East tensions balanced weak demand concerns, influenced by China’s stimulus measures, Saudi price cuts, and upcoming U.S. inflation data.
California Tackles Fuel Price Volatility Amid Refinery Closure Challenges
Summary: California’s new fuel inventory law seeks to reduce price volatility, but Phillips 66’s refinery closure highlights ongoing supply challenges and increasing reliance on imports.
Goldman Sachs Maintains 2025 Brent Oil Price Forecast at $76 Per Barrel
Summary: Goldman Sachs holds its 2025 Brent oil forecast at $76 per barrel, citing balanced supply from lower OPEC+ output and rising non-OPEC production, with short-term risks from potential Iran supply disruption.
BP Looks to Sell a Minority Stake in Its U.S. Natural Gas Pipelines
Summary: BP is considering selling a 49% stake in its U.S. natural gas pipeline network for up to $3 billion to reduce debt, while also exploring a minority stake sale in its offshore wind business amid industry-wide midstream consolidation.
US Drillers Add Oil and Gas Rigs for First Time in 8 Weeks
Summary: U.S. energy firms added seven oil and gas rigs this week, the first increase in eight weeks, bringing the total to 589, though still 6% below last year’s count, according to Baker Hughes.
US to Offer Oil, Gas Leases in Alaska Wildlife Refuge on Jan. 9
Summary: The Biden administration will auction 400,000 acres in Alaska’s Arctic National Wildlife Refuge for oil and gas drilling on January 9, balancing legal requirements with environmental considerations, while facing opposition from conservation groups.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
Thanksgiving Perspective – What a Difference a Decade Makes
Summary: A decade after Saudi Arabia’s attempt to dominate the oil market, advanced U.S. extraction techniques have driven a significant resurgence, making the U.S. the world’s leading oil producer for six consecutive years.
Oil Gains on Chinese Data and Gears of Israel-Lebanon Ceasefire Collapse
Summary: Oil prices rose over 1% due to strong factory activity in China and Middle East tensions, with Brent and WTI climbing amid expectations for OPEC+ discussions on oil policy adjustments.
Impact of Trump’s Tariffs on Canada on U.S. Gas Prices
Summary: President-elect Donald Trump’s proposed tariffs on Canadian imports, including oil, could increase U.S. fuel prices due to the heavy reliance on Canadian crude, particularly affecting Midwest refineries and ultimately leading to higher pump prices.
Summary: CNOOC has launched its Huizhou 26-6 oilfield project in the South China Sea, featuring China’s first intelligent offshore drilling platform, with expectations of peak production reaching 20,600 barrels of oil equivalent per day by 2027.
US Drillers Cut Oil and Gas Rigs for Third Week in a Row
Summary: U.S. energy firms reduced oil and gas rigs for the third consecutive week, bringing the rig count to its lowest since September (582) amid declining prices, higher costs, and a focus on debt reduction and shareholder returns.
Trump Plans Energy Push to Boost Gas Exports, Oil Drilling
Summary: President-elect Donald Trump plans to prioritize energy policies by expanding LNG exports, accelerating federal and offshore drilling, repealing climate regulations, and reviving projects like the Keystone Pipeline.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
Trump Prepares Wide-Ranging Energy Plan to Boost Gas Exports, Oil Drilling
Summary: Donald Trump’s incoming administration plans to boost U.S. energy production by approving LNG export permits, expediting drilling permits, and increasing offshore oil lease sales, while also repealing key climate policies of the previous administration.
U.S. Natgas Producers Target AI-Driven Power Demand Surge
Summary: S&P Global Ratings estimates that U.S. data center power demand will increase by 12% annually until 2030, potentially boosting natural gas demand as energy needs expand.
US Natural Gas Drillers to Lift 2025 Output, Reversing Year of Cuts
Summary: U.S. natural gas production is expected to decline in 2024 for the first time since 2020, with a rebound anticipated in 2025 as rising LNG exports drive a significant increase in gas prices.
Summary: Global oil and gas contract activity declined 35 percent quarter-on-quarter to $35.7 billion in Q3, though volumes remained stable, supported by major projects in the Middle East.
US Drillers Cut Oil and Gas Rigs for Second Week in a Row
Summary: U.S. oil rigs fell week-over-week and saw a year-over-year decrease of 39 rigs, or 6%, as the industry focused on reducing costs and prioritizing financial stability over output expansion.
ConocoPhillips completes acquisition of Marathon Oil Corporation
Summary: ConocoPhillips has completed its acquisition of Marathon Oil, enhancing its portfolio with high-quality, low-cost inventory and expecting to deliver over $1 billion in synergies within the next 12 months.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
European Oil Giants Step Back From Renewables Path
Summary: BP and its rivals, Shell and Equinor, are scaling back their low-carbon initiatives to refocus on oil and gas due to profitability challenges and market conditions.
Liberty Energy stock jumps after Trump picks CEO Chris Wright as energy secretary
Summary: Shares of Liberty Energy and Oklo rose after President-elect Donald Trump appointed Chris Wright, CEO of Liberty and board member of Oklo, as the next U.S. Secretary of Energy.
US Drillers Cut Oil and Gas Rigs for First Time in Four Weeks
Summary: U.S. energy firms reduced the number of operating oil and natural gas rigs for the first time in four weeks, bringing the total rig count to 584, a 6% decrease from last year and the lowest since early September, according to Baker Hughes.
Oil Prices Tick Higher as Russia-Ukraine Tensions Escalate
Summary: Oil prices increased due to intensified conflict between Russia and Ukraine, despite concerns about Chinese fuel demand and predictions of a global oil surplus affecting market sentiment.
USA EIA Reveals Latest Henry Hub Gas Price Forecast
Summary: The U.S. Energy Information Administration has adjusted its Henry Hub natural gas price forecast, predicting an average of $2.17 per MMBtu for 2024 and $2.90 for 2025, with prices expected to rise due to increased LNG exports and strong international demand.
EPA Finalizes Methane Tax for Oil and Gas Producers Under Inflation Reduction Act
Summary: The Biden-Harris EPA has implemented a methane fee targeting oil and gas producers who exceed emission thresholds, with penalties ranging from $900 to $1,500 per ton from 2024 to 2026, as mandated by the Inflation Reduction Act.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
When it comes to oil and gas exploration and production, two terms that often come up are “wells” and “rigs.” While these terms are sometimes used interchangeably, they actually refer to different aspects of the drilling and production process. As of November 1, 2024, the United States has approximately 585 active drilling rigs and over 912,000 producing wells. Understanding the distinction is crucial for anyone looking to get a clearer picture of how the industry operates.
What is a Rig?
A rig is the equipment or machinery used to drill a well. Think of it as the tool or mechanism that enables the drilling process. Rigs come in various types depending on where the drilling occurs and what kind of reserves are being targeted. Some of the most common types of rigs include:
Land Rigs – Used for onshore drilling, land rigs can vary greatly in size depending on the depth and complexity of the well. They are mobile and can be transported from one drilling site to another.
Offshore Rigs – Designed for drilling in water, offshore rigs come in forms like jack-up rigs, semi-submersible rigs, and drillships, each tailored to specific water depths and environmental conditions.
Rigs are essentially temporary setups that are removed once the well is drilled and established.
What is a Well?
A well is the hole that’s created by the drilling rig, allowing access to the oil or gas reserves underground. A well is a permanent structure (or pathway) created to extract hydrocarbons. Wells vary based on their purpose and design:
Exploratory Wells – Also known as “wildcat” wells, these are drilled to locate and assess new oil or gas reserves.
Development Wells – Once a reserve has been found and evaluated, development wells are drilled to extract oil and gas on a commercial scale.
Injection Wells – These are used to inject substances like water, gas, or steam back into the reservoir to enhance oil recovery.
A well remains active throughout the production life of a reserve and may undergo various stages of completion, production, and eventually abandonment when it’s no longer economically viable to extract resources.
Key Differences Between Wells and Rigs
Function: A rig is the tool for creating a well. The well is the access point for extracting oil or gas from the ground.
Longevity: Rigs are temporary and are removed after drilling, whereas wells remain for the duration of resource extraction.
Types and Purpose: Rigs vary by location and drilling environment, while wells vary based on their intended use and the stage of the reservoir’s lifecycle.
How Wells and Rigs Work Together
The process typically begins with deploying a rig to drill a well. Once the well is drilled, the rig is dismantled or moved, and the well is completed for production. Wells are then outfitted with equipment like pumps, pipes, and valves to allow for continuous production of oil or gas. In the case of offshore operations, a wellhead is left on the seafloor to manage production flow and safety.
Why the Distinction Matters
For companies operating in the oil and gas sector, distinguishing between rigs and wells is essential for planning and budgeting. Rigs are capital-intensive and require precise timing and management to avoid cost overruns. Wells, on the other hand, represent long-term investment and potential revenue streams. Understanding this difference is also crucial for mineral rights owners, investors, and regulatory agencies monitoring environmental impact and production rates.
In essence, a rig is the tool used to create a well, while a well is the channel through which hydrocarbons are extracted. Rigs are the starting point, wells are the long-term access point, and together, they represent the core of drilling operations. Whether you’re a seasoned oil and gas professional, a mineral rights owner, or simply curious, understanding these foundational concepts provides valuable insight into how the industry operates.
Contact
Are you ready to transform your oil and gas assets? Contact Valor today to learn how our innovative solutions can elevate your business to new heights.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
UAE Summit Eyes Energy Expansion Amid Global Uncertainty
Summary: The UAE’s oil-and-gas summit focuses on increasing energy output despite global volatility and recent calls for reducing fossil fuels, with officials emphasizing diverse energy strategies and avoiding U.S. political discussions as they maintain close ties with Russia.
Summary: Citing weak demand and rising supply, OPEC+ postponed a December output increase by one month, extending existing cuts of 2.2 million barrels per day through December to support the oil market.
Exxon and Chevron Face Profit Dip as Oil Prices Drop
Summary: Exxon and Chevron reported lower third-quarter profits as oil prices decline amid rising global supply and weaker demand, but both companies remain committed to investor payouts, relying on cost-cutting and cash reserves to weather potential long-term price pressures.
Canada Unveils Emissions Cap for Oil and Gas Sector to Boost Cleaner Production
Summary: Today, Canada officially released draft regulations to cap oil and gas emissions, targeting a 35% reduction by 2030 and encouraging reinvestment into alternative technologies for global competitiveness.
Summary: The U.S. rig count remained at 585 as of Nov. 1, down 5% from last year, with oil rigs dropping to 479 and gas rigs rising to 102, according to Baker Hughes.
Europe Faces Volatile Gas Prices Despite High Storage Levels
Summary: Despite full gas storage, Europe’s reliance on Russian supply and limited alternative sources have led to volatile prices and concerns that gas supply issues may worsen in 2025, especially if winter demand surges.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
The oil and gas industry offers various types of investment opportunities, but two of the most common forms of interest in mineral ownership are Operating Working Interest and Non-Operating Working Interest (Non-Op). Both involve a share in oil and gas production and revenue, yet they differ significantly in the roles, responsibilities, and financial implications for investors. This blog post will explore these two types of working interests, highlighting their differences, advantages, disadvantages, and tax implications.
Defining Operating Working Interest and Non-Operating Working Interest
Operating Working Interest is a form of ownership that gives the interest holder direct responsibility for managing operations. An operating working interest owner is involved in decision-making processes and oversees the exploration, drilling, and production activities associated with an oil or gas well. They take on a hands-on role in the day-to-day operations and bear the associated risks and expenses.
Non-Operating Working Interest (Non-Op) is an investment in the production of oil and gas assets without direct operational responsibilities. Non-Op owners contribute capital to the exploration and production process but do not control operational decisions. Instead, they rely on the operator to manage well activities, giving them a passive yet potentially lucrative ownership share.
Key Differences Between Operating and Non-Operating Working Interests
Operational Control
Operating Working Interest: Owners have full control over operations, including hiring contractors, making budget decisions, and ensuring compliance with environmental and regulatory standards.
Non-Operating Working Interest: Owners have no control over operations and instead rely on the operator to handle all logistics and decisions related to the well.
Risk and Responsibility
Operating Working Interest: Comes with higher risk, as owners are responsible for operating costs, liabilities, and any environmental or regulatory compliance issues. They are also responsible for covering cost overruns and managing accidents or issues arising from operations.
Non-Operating Working Interest: Bears fewer responsibilities in operations but still shares in production costs and risks tied to the success or failure of the well. Non-op owners typically have limited liability in operational mishaps.
Revenue and Expense Structure
Operating Working Interest: Owners receive a larger share of production revenue but also assume a larger share of the associated costs.
Non-Operating Working Interest: Although they receive a smaller percentage of production revenue, non-op investors do not bear full operational expenses, making it a lower-risk, lower-involvement investment.
Advantages and Disadvantages of Each Type
Criteria
Operating Working Interest
Non-Operating Working Interest (Non-Op)
Advantages
Direct control over operations Larger share of profits
Lower liability and operational responsibility Lower risk
Disadvantages
Higher financial and operational risk Time-intensive
Limited decision-making power Relies on operator performance
Best For
Experienced industry professionals Hands-on investors
Passive investors Inheritors/generational
Tax Implications of Working Interest Income
Both operating and non-operating working interests generate taxable income. However, the tax structure for each type of interest can vary:
Tax Treatment of Expenses
Operating Working Interest: Operational costs, including drilling, completion, and operational expenses, are generally deductible, providing tax savings for the owner.
Non-Operating Working Interest: Investors can deduct their share of expenses without the burden of ongoing operational costs, making it advantageous for tax efficiency.
Depletion Allowance Both types of interests are eligible for a depletion allowance, a tax deduction on income from oil and gas production that offsets the diminishing value of the resource. The depletion allowance is typically 15% of gross income for oil and gas production, helping to reduce taxable income significantly for both non-op and op owners.
Passive vs. Active Income
Operating Working Interest: Income earned through an operating working interest is usually classified as active income, which requires paying self-employment taxes and adhering to different IRS guidelines.
Non-Operating Working Interest: Income is often classified as passive income, meaning non-op owners may be able to offset losses against other passive income sources, subject to specific tax regulations.
Tax-Advantaged Status Both types of working interests allow investors to benefit from tax advantages in the form of intangible drilling costs (IDCs) and tangible drilling costs (TDCs). IDCs are generally fully deductible in the year incurred, while TDCs are capitalized and depreciated over time, providing a tax-shielding effect for both non-op and op investors.
Why Understanding the Differences is Important
Choosing between an operating and non-operating working interest is a crucial decision for mineral owners/investors, as it directly impacts control, risk exposure, tax treatment, and potential returns.
For Active Involvement: An operating working interest offers higher control and potential revenue but demands a thorough understanding of the industry and the capacity to manage significant financial and operational risks.
For Passive Investment: Non-op interests offer a path to participate in the oil and gas industry without the demands of direct management. It’s a good fit for investors looking to diversify their portfolio while taking on less operational risk.
How Valor’s Mineral Management Services Benefit Non-Op Working Interests
For non-operating working interest (non-op) owners, maximizing income from their investment while minimizing the complexities of managing it can be challenging. Valor’s mineral management services are designed to support non-op owners by offering a comprehensive solution that includes everything from portfolio management to income tracking and regulatory compliance. With Valor’s proprietary mineral management software, mineral.tech®, and team expertise, non-op owners can enjoy full transparency into their assets, receive accurate and timely revenue disbursements, and benefit from detailed expense tracking without the hassle of overseeing daily operations. Valor’s services also cover essential areas like ownership verification, tax overview, and document management, which ensure that non-op owners maximize the value of their investment while staying compliant with industry and tax regulations. This hands-off, expertly managed approach allows non-op owners to enjoy the benefits of oil and gas investments with confidence and peace of mind.
Both non-operating and operating working interests provide unique advantages for investors in the oil and gas sector, from active control over projects to passive income streams. The choice between these options often depends on an investor’s risk tolerance, experience in the industry, and desire for control over operations. With the potential for tax advantages, understanding these structures can help investors optimize their financial strategies while capitalizing on opportunities in the energy market.
Contact
Are you ready to transform your oil and gas assets? Contact Valor today to learn how our innovative solutions can elevate your business to new heights.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
Oil falls 5% on Reduced Risk of Wider Middle East War
Summary: Oil prices fell by $4 a barrel after Israel’s airstrikes on Iranian facilities did not target oil or nuclear sites, reducing geopolitical risks affecting energy supplies.
China’s Steel Mills and Oil Refiners Bear Brunt of Tepid Economy
Summary: Chinese oil refiners are facing deepening losses due to weak fuel demand and an economic slowdown, with recent stimulus measures expected to have a limited impact on boosting consumption.
Renewable Energy Pullback By BP Continues To Gather Pace
Summary: BP has shifted focus back to high-margin oil and gas, scaling back renewable investments, including wind and solar, while aiming to maintain its net zero targets amid investor concerns and a declining share price.
Summary: U.S. energy firms kept the rig count steady this week, though the total remains 6% lower than the same time last year, as companies focus on managing costs and shareholder returns amid lower oil and gas prices.
New Mexico Weighs Proposed Drilling Restrictions Impact
Summary: A New Mexico study on proposed drilling restrictions to protect public health suggests these measures could reduce crude output by 12.5 million barrels in the first year, though environmental advocates argue health benefits outweigh the potential revenue loss.
Summary: Oil prices remain uncertain amid Middle East tensions and OPEC+ production capacity, while natural gas demand may stay low in the near term due to mild weather and high storage levels.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry. Stay tuned for weekly updates to keep you well-informed.
Oil Prices Regain Some Ground After 7% Loss Last Week
Summary: Oil prices rebounded on Monday, recovering some of last week’s over 7% drop amid concerns about slowing demand in China and easing Middle East supply risks, with support from Saudi Aramco’s bullish outlook on China’s oil demand and geopolitical tensions.
Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output
Summary: The new Matterhorn pipeline has eased Permian gas bottlenecks, raising prices and boosting oil production, but may reach capacity within 12 to 18 months, causing renewed constraints in 2026.
Supreme Court to Review Challenges to EPA Pollution Rules
Summary: The U.S. Supreme Court will hear appeals from Republican-led states and energy companies contesting whether lawsuits against the EPA’s smog control and biofuel waiver policies should be heard in local or national courts.
Summary: Global investments in oil and gas by the 23 largest producers are set to rise over 60% by next year, driven by a slower-than-expected energy transition, with companies focusing on upstream production and consolidation while continuing to invest in low-carbon projects.
Another Major Oil Company Plans to Relocate from California
Summary: Phillips 66 is planning to relocate, following Chevron’s move, potentially as as result of California’s increased regulations that have led to higher fuel costs and operational challenges, highlighting the tension between the state’s ambitious climate goals and their economic impact on the energy sector.
JP Morgan Says Peak Oil Demand Is Nowhere In Sight
Summary: JP Morgan’s Christyan Malek dismissed predictions of peak oil demand, arguing that emerging market consumption will continue to drive global demand growth beyond 2024, while supply struggles to keep pace, leading to a tightening market and sustained higher oil prices throughout the decade.
The information provided by Valor in this blog is for general informational purposes only, not to provide specific recommendations or legal or tax-related advice. The blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
