Josef Schachter of the Schachter Energy Report outlines his outlook for oil and natural gas in 2025, saying he sees oil prices moving higher. In his view, West Texas Intermediate could reach US$90 per barrel in the fourth quarter of the year.
"Most people on the analytical side are using US$70 to US$74 for their forecasts for 2025, and I'm in the camp that I was using low US$70s in 2024 when they were in the US$80s. I'm now looking for potentially US$80 to US$82 for the average in 2025," he said.
"But the big thing is I think we're looking at the US$90s on a consistent basis in Q4, with a range of US$84 to US$96. Going from US$70 to US$90 (in) Q4 of this year to Q4 of next year — that will wake everybody up."
❓ What is your 2025 oil price prediction? Tell us in the comments!
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This interview was filmed on December 27, 2024.
#Investing #Oil #Gas
0:00 - Intro
0:27 - Oil to hit US$90 by Q4 2025?
5:45 - Drill, baby, drill
9:51 - Potential Trump tariff impact
14:32 - Global geopolitical factors
19:33 - What to watch
22:53 - 2025 natural gas price outlook
24:34 - Oil/gas stocks at bargain prices
31:51 - Commodities supercycle
33:44 - Outro
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