Oil prices have lately lost their forward momentum, with both Brent and WTI crude plunging this week. A rather puzzling trend is being observed in the oil markets: there’s a big disconnect between inventory data and oil prices.
So, we can see that oil and gas stocks remain dirt cheap even after last year’s massive runup, thanks in large part to years of underperformance.
The analysts note that commodity prices have declined from very high levels earlier in 2022, but have predicted that prices are likely to remain cyclically strong through 2023. This, combined with modest growth in volumes, will support strong cash flow generation for oil and gas producers. Moody’s estimates that the U.S. energy sector’s EBITDA for 2022 will clock in at $$623B but fall to $585B in 2023.
In other words, there simply aren’t better places for people investing in the U.S. stock market to park their money if they are looking for serious earnings growthBut the biggest reason to be bullish about the sector is that the current oil surplus is likely to morph into a deficit as the quarters roll on.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Oil Prices Continue To Slip Even As Crude Oil Inventories Decline | OilPrice.comCrude oil inventories in the United fell this week by 3.939 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1 million barrel draw.
Consulte Mais informação »
Oil Prices Remain Depressed Amid Demand Uncertainty In China And The U.S. | OilPrice.comA bank collapsing, an interest rate hike looming, and a contraction in Chinese manufacturing activity. It's not great for oil demand...
Consulte Mais informação »
Diamondback Energy Misses Q1 Forecasts As Oil Prices Slide | OilPrice.comDiamondback Energy posted lower-than-expected revenues and earnings for the first quarter, largely due to lower commodity prices.
Consulte Mais informação »
Live news: Energy stocks and oil prices tumble as demand cools\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Consulte Mais informação »
IMF: Saudi Arabia Needs Oil Prices At $80.90 To Balance Budget | OilPrice.comAccording to the IMF, Saudi Arabia needs oil prices at $80.90 per barrel to balance its budget this year.
Consulte Mais informação »
Oil Prices Crash As Demand Fears Mount | OilPrice.comOil prices crashed ahead of an expected interest rate hike by the Federal Reserve, with WTI hitting $68.29 and Brent falling to $71.80.
Consulte Mais informação »