Goldman Sachs analyst Daniel Moreno predicts limited upside for Henry Hub natural gas prices until 2025, with production rebounding in June but settling at a lower level. Natural gas faces a pullback as LNG weakness coincides with falling consumer spending. LNG exports face challenges with some projects potentially not being completed due to economic reasons. Goldman forecasts peak oil demand by 2034 at around 110 mb/d, followed by a plateau till 2040. India's robust LNG imports are notable in Asia, but higher prices could pose a burden, according to analysts.
#India's robust #LNG #imports are #Asia's standout, but higher prices may weigh: Russell https://t.co/Kf2yU0UCjH
India's robust LNG imports are Asia's standout, but higher prices may weigh: Russell https://t.co/cgQ8hOuxrM https://t.co/dgp1VvRxFd
Goldman: Peak oil demand is still a decade away. We raise our 2030E demand forecast to 108.5 mb/d from 106 mb/d, expecting peak oil demand to occur by 2034E at c.110 mb/d followed by a long plateau till 2040E @zerohedge
Goldman: Peak oil demand is still a decade away. We raise our 2030E demand forecast to 108.5 mb/d from 106 mb/d, expecting peak oil demand to occur by 2034E at c.110 mb/d followed by a long plateau till 2040E
Excellent thread @JohnArnoldFndtn. "There is 46bcf/d of LNG exports already permitted. That is more than will ever be commercially viable." Even some LNG projects under construction may not be completed due to economics! Gas Age of Peak & Decline started in Europe & will spread. https://t.co/wQze0Srf3c
Some life in LNG. https://t.co/IgV8bKq33t
Natural gas has had a nice run, but it looks like the typical pullback is underway. It's interesting to note this LNG weakness is happening while crude oil has begun rolling over & consumer spending is falling. https://t.co/t6Z9IxeIXQ https://t.co/LoGsqbrq3S
Natural gas has had a nice run, but it looks like the typical pullback is underway. It's interesting to note this LNG weakness is happening while crude oil has begun rolling over as consumer spending is falling. https://t.co/TmVMyxqSMT https://t.co/LoGsqbrq3S
$GS analyst Daniel Moreno said to clients in a note this week that the firm sees limited upside to Henry Hub $UNG $BOIL $KOLD natural gas prices until 2025. The firm expects production to rebound in June, but to settle at a lower level than previously expected. This has ledβ¦