thanks @danpech
one small extract
"Consensus opinion believed global oil demand would peak in 2019 and gradually decline through this decade. Just the opposite has occurred: demand has come roaring back post-COVID.
Global demand in 1Q23 surpassed 102 mm barrels per day -- three million barrels above the 1Q19 (pre-COVID) level and almost 2 mm b/d above the International Energy Agency’s (IEA) 1Q23 estimate.
Strong demand and faltering supply led OECD countries to release 250 mm barrels of oil from their strategic petroleum reserves to keep
prices from surging. Given the seasonality in demand and China’s ongoing reopening, the 4Q23 demand could surpass 104 mm b/d.
From here on out, just six counties in West Texas must meet all global demand growth.
Given the strategic importance of the Permian, it’s imperative to understand its underlying
health. Using our neural network, we have updated our basin analysis, and the results are shocking.
The Permian is likely less than a year from peaking and starting its decline. The
only source of non-OPEC supply growth is now primarily tapped out"
- Forums
- ASX - By Stock
- BRK
- Banter and General Comments .. BRK
Banter and General Comments .. BRK, page-9335
-
- There are more pages in this discussion • 2,448 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRK (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.27M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $37.13K | 3.094M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 648453 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 28031377 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 568453 | 0.012 |
37 | 37902199 | 0.011 |
14 | 17682918 | 0.010 |
10 | 5820014 | 0.009 |
2 | 185000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 27918334 | 33 |
0.014 | 20994930 | 15 |
0.015 | 4949382 | 12 |
0.016 | 2516438 | 11 |
0.017 | 11626445 | 8 |
Last trade - 15.17pm 26/07/2024 (20 minute delay) ? |
Featured News
BRK (ASX) Chart |