Ann: Rangers Well Operations Report, page-30

oil is expected to stay between $70-$80 a barrel by the end of 2022, based on a plurality of 30% of BI's 121 respondents, which is in line with scenario analysis. note an unambiguous bullish outlook as responses are heavily skewed to the upside, with nearly a third believing oil price will exceed $90 per barrel by the end of next year. expect OPEC+ to delay or defer its +400,000 bopd policy for January by at least a month, and maybe more in response to a 50-million-barrel release from the U.S. Strategic, For example, analysts see TotalEnergies realized oil price holding above $60 until 2025. This includes the effect of hedges designed to stabilize fluctuations in crude and is more closely linked to the amount of revenues oil companies can tap for payouts.


BloombergNEF sees jet fuel demand averaged 4.2 million barrels per day this week — representing a recovery from about 1.5 million b/d in the middle of 2020 — and rising to 5.7 million b/d by May 2022“The critical thing is going to be how much more travel restrictions are we going to get in the next couple of weeks,” Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. said in a Bloomberg TV interview. “There’s lots of pent-up demand.”Brent’s demand curve has flattened as omicron raised concerns over restrictions on economic activity. While near-term contracts fell, those maturing after 2026 held steady. Traders may have one eye on the prospects of shortages as oil companies underinvest in fossil fuels during a clean energy transition. A year ago, the demand curve was much lower and upward sloping as there were few signs of a global energy crisis.