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DB Crude Oil Long Exchange Traded Notes due June 1 2038
2024-05-29 12:50:00 ET
Summary
The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025.
The EIA estimate for OPEC spare capacity looks high in 2024 to 2025, I would estimate it to be about 1.2 to 1.4 Mb/d less than shown.
US demand for natural gas is expected to be relatively flat from 2023 to 2025.
A guest post by D Coyne
The EIA STEO was published recently, the estimate below is based on data from that report and statistics from the EIA International Energy Statistics . The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025....