Oil Price to Average $60 in 2025, Citigroup Says

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  • Опубликовано: 14 ноя 2024

Комментарии • 58

  • @SiaukemLam
    @SiaukemLam Месяц назад +112

    What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

    • @АллаМаклак
      @АллаМаклак Месяц назад

      There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist.

    • @CodieSanchez-d6x
      @CodieSanchez-d6x Месяц назад

      I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

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      @Benjamin-t9f5b Месяц назад

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      @CodieSanchez-d6x Месяц назад

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    • @Benjamin-t9f5b
      @Benjamin-t9f5b Месяц назад

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  • @vooteimer1234
    @vooteimer1234 2 месяца назад +16

    Because nothing geopolitical will happen in 2025. 🕊️

  • @donaldharlan3981
    @donaldharlan3981 2 месяца назад +30

    I don't know any of those people but I do know Citigroup doesn't know anything about oil.

    • @samartz
      @samartz 2 месяца назад +1

      whats your thoughts? up ? down?

  • @GeorgeSchneider8889
    @GeorgeSchneider8889 2 месяца назад +7

    OPEC would be better off flooding the market with cheap oil and hope to slow down energy transition projects 🤷‍♂️

    • @starventure
      @starventure 2 месяца назад

      They do not want to risk driving the price down so much that US oil companies get nationalized by Kamala if she gets elected. US nationalized oil production = bad.

    • @hungrydavo
      @hungrydavo Месяц назад +1

      @@GeorgeSchneider8889 Spot on. This is such a missed opportunity. OPEC continually withholding supply and raising prices just makes the business case for EVs better.

    • @johnkla7866
      @johnkla7866 Месяц назад

      @@hungrydavo The business case for EV is bad with current energy prices and even worse if oil prices fell but it's not surprising that EV sales are plummeting.

    • @bretrice3215
      @bretrice3215 Месяц назад

      @@johnkla7866 EV sales are bad right now because of interest rates. Once interest rates come down people will start buying again just like housing is down because of interest rates. Once people realize that it's not just putting gas in their car but you can just plug it in at home and overnight you have a full battery. Also, no oil changes to mess with and no other oils. Top up your washer fluid once in awhile, change out a 12V battery once every few years and of course tires and you're good to go. How do I know? I own a 2014 Fiat 500e that I've owned for 7 years and all I've done is 2 12V batteries and 1 set of tires and a couple of tail lights (which they are known to have issues.

    • @johnkla7866
      @johnkla7866 Месяц назад

      @@bretrice3215 Too bad every time you have a battery or electronic issue it's going to cost 10 times as much than an oil change. The cost of maintenance of EVs is prohibitive and there's a good reason only the upper middle class can afford to drive them around for their short distances. With regard to interest rates, now that rates are starting to come down we will see inflation pick up again which will lead to even higher car prices moving forward. The Fed just released the breaks on inflation with its decision to lower rates.

  • @stuartwood5448
    @stuartwood5448 2 месяца назад +2

    Great news for the airline industry

  • @BrigetteWaltershield
    @BrigetteWaltershield 2 месяца назад +1

    With recent crude prices swinging between highs of $90 and lows around $70, it's clear we're in a volatile phase. Investing in gold and crude this year could be smart due to ongoing geopolitical tensions and inflation. Diversifying with these assets can help hedge against economic uncertainties

  • @stuartwood5448
    @stuartwood5448 2 месяца назад +1

    The lower the price the more attractive the product becomes - so yes 65 per barrel will massively slow the adoption of EV and will also reduce inflation leading to highier consumer spending

    • @johnslater7718
      @johnslater7718 Месяц назад

      Not in China, you can't even get a car plate if your car is not electric, and Chinese are replacing there diesel trucks with natural gas trucks.

  • @freelancer8636
    @freelancer8636 2 месяца назад +8

    Thanks to Chinese ev,s oil prices are coming down.10 percent cars in china are Ev,s. Which is likely to grow upto 15 percent next year.

    • @starventure
      @starventure 2 месяца назад +1

      If that happens in the US, OPEC+ has caught bad juju.

    • @greggpon7466
      @greggpon7466 Месяц назад

      China built 350 gw of solar and wind in 2023. That's the equivalent of about 120 nuclear reactors. Oil gonna be disrupted.

    • @ChristopherVernon-kf1uz
      @ChristopherVernon-kf1uz Месяц назад

      Nonsense, electric cars still make up a very small % of vehicles the road.

  • @GeorgeSchneider8889
    @GeorgeSchneider8889 2 месяца назад +1

    Awesome 😎 Hopefully you are right 👍

  • @jonathanjudeoneildelisle481
    @jonathanjudeoneildelisle481 Месяц назад

    Okay, Mr. Max Layton of Citigroup, I just wrote down what you said regarding the average price of oil for 2025. Next year, we shall see if what you and Citigroup say is true!!

  • @tobyod
    @tobyod 2 месяца назад +2

    Awesome

  • @samartz
    @samartz 2 месяца назад +2

    down down..

  • @WwBb-t2v
    @WwBb-t2v Месяц назад +1

    Australia has recently recorded over 100% solar generation, oil is on its way out

  • @faisal-ca
    @faisal-ca Месяц назад

    Only if there are no new wars and existing wars settle down. Oil prices purely go by demand/supply and how much the customer can pay. As soon as recession news gets out, oil drops like a brick. During normal days, they cut production to boost oil prices.

  • @obySedgefieldgemofourgardenrou
    @obySedgefieldgemofourgardenrou 2 месяца назад

    Surely gcc and world suppliers can help the world too prosperity, oil can be our saviour or the reaper of sufferers, lets be blessed oil below 45$ for at least 6 months.

  • @zsarimaxim692
    @zsarimaxim692 2 месяца назад

    So how much at the pump?

    • @anthonynicholson5523
      @anthonynicholson5523 Месяц назад

      $8

    • @bretrice3215
      @bretrice3215 Месяц назад

      Hard to tell. There's this thing in the stock market called gas futures. Nobody but nobody can predict it.

  • @billturner6564
    @billturner6564 2 месяца назад +2

    Lets see how the Russians get through the year
    With oil falling through the floor

  • @LaurieValdez-zk3dy
    @LaurieValdez-zk3dy 2 месяца назад

    Interesting

  • @OLDGUY7301
    @OLDGUY7301 2 месяца назад +3

    We need it at $45-48 a barrel.

  • @marcosramos4596
    @marcosramos4596 Месяц назад

    I bought a Hybrid for nothing!!!

  • @MrKenng123
    @MrKenng123 2 месяца назад +1

    Let's pray and sincerely hope that the world's economy will get a lot worse than now. Let's also hope that economic indicators like GDP PMI unemployment rate, retail sales and consumer confidence will all be worse than expected.

  • @nonokodog622
    @nonokodog622 2 месяца назад +1

    I'm a novice trying to understand. I'm hearing short squeeze from a different side. US SPR is way down, WW3 ramping up, Chinese EV's suck. Very confusing.

    • @Xtremcookie
      @Xtremcookie 2 месяца назад

      Yes.
      Seriously thou - im a used car dealer, even the cheapest vw id.3 feels nicer than a MG Marvel R EV or MG ZS EV.

  • @haze_the_alchemist1123
    @haze_the_alchemist1123 2 месяца назад

    Wo

  • @AmitKumar-tg7of
    @AmitKumar-tg7of 2 месяца назад

    Ed morse wasnt enough
    Wtf is this guy now?!

  • @shaqisumari304
    @shaqisumari304 2 месяца назад

    GCC nations are okay, but i think Mr Trump will drive if even further down

    • @steven4315
      @steven4315 2 месяца назад +1

      Two ways to lower crude prices, Increase production or lower demand. With Biden, US oil production is at record levels while at the same time taking steps to lower demand. Trump has already said he wants to increase demand. So how will oil prices go down under Trump?

    • @starventure
      @starventure 2 месяца назад

      @@steven4315 Trump is not going to do jack. He knows well that the ball is in the US court to determine the future price, and at most he will allow some more pipeline to be built or open up some land but that is it. He is not going to screw around with success that he could someday lay claim to.

  • @Dubai915
    @Dubai915 2 месяца назад

    Wow