The good, the bad and the ugly.
From CNBC
U.S. crude oil falls more than 3% as OPEC+ plans to phase out voluntary production cuts
There is a bit of a bearish outlook on crude for now as OPEC add 500,000 bbl into the market citing expected demand increases. They said they will watch it and reverse course if necessary. 2025 will see another increase barring any geo political events.
Let's hope gas prices hold or even rise because the sentiment is that we are becoing less reliant on oil revenues and more reliant on gas.
Cheers
BW
Beach Energy Limited, page-598
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