It's a great time to invest in oil and gas.
In terms of production value,
the oil market is bigger than the
top 10 metal markets combined -
Oil & Natural Gas Prices Expected to Increase
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Brent prices could hit $100 by the end of 2023 as the new 1 million bpd production cut Saudi Arabia announced in June would further tighten the oil market.
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The U.S. Energy Information Administration forecasts that the amount of natural gas consumed for U.S. electricity generation this summer (May–September) will average 38 Bcf/d, the second most on record behind 2022.
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Global Demand for Fossil Fuels is Rising
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The demand for natural gas in America – including for domestic consumption and gross exports – jumped by 43%, or by 34.5 billion cubic feet per day (Bcf/d), between 2012 and 2022,​ as demand in Texas and Louisiana soared by 116%.
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The demand for fossil fuels increases as billions of people around the world climb out of poverty
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The Secretary General of OPEC sees oil demand rising to 110 million barrels per day by 2045, an 23% increase from the current level.
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U.S. Sets New Record In LNG Export Capacity
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Billion Dollar Oil & Gas Company
Purchases Minerals
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One of the largest crude oil and natural gas producers in the U.S., EOG Resources Inc., recently leased 395,000 net acres and bought the mineral interests of 135,000 of these. This significant expansion demonstrates their confidence in the future of oil and gas.
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New technologies developed by EOG Resources Inc. promise advancements in precision targeting and stimulation of oil wells.
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