OPEC Predicts Strong Oil Demand

by Jay Young | Investing, Oil & Gas, Tax Savings, Taxes, The Upside

Newsletter No. 99

Good afternoon,

It is Thursday, January 16, 2025, and here is another edition of The Upside where I bring you the latest updates on the oil and gas industry, including what’s happening here at King.

This Week's Headlines

  • Insights from Industry Experts on The Jay Young Show
  • Upcoming Webinar on What Executive Orders Could Mean to Your Wallet
  • OPEC Predicts Strong Oil Demand for 2025 and 2026
  • Oil Prices Rise as U.S. Crude Supplies Drop
  • Western U.S. Needs More Gas as Demand Increases
  •  Amplify Energy Merges with Juniper Capital to Expand in Rockies
     

HAPPENING AT KING

Insights from Industry Experts on The Jay Young Show

In this episode of The Jay Young Show, I was able to speak with King's EVP of Operations Kelly Duncan, EVP of Land and Business Development, Bill Phillips, and Senior Vice President Tom Gray, about their careers in the oil and gas industry. They share their personal journeys, challenges, and roles at King, as well as their views on the industry's future. The conversation offers valuable insights for anyone interested in oil and gas or building a successful career in the field. Watch on YouTube, Rumble, or directly on our website. 

Episodes you might have missed
Here are some recent episodes to watch:

  • Jehangir Raja, a Wall Street veteran, hedge fund manager, and successful entrepreneur. WATCH
  • Floyd McLendon, former U.S. Navy Seal, a published author, and a sought-after motivational speaker. WATCH
  • Jason Morgan, a U.S. Air Force veteran whose incredible story of overcoming adversity has touched the lives of many. WATCH

Recent and Upcoming Webinars

We are hosting an upcoming webinar on the What Trump's Executive Orders Could Mean to Your Wallet, featuring King’s Macro-Economic Advisor Eric Rice, on Wednesday, January 22 at 2:00 PM CST. If you are interested in gaining insights into macro-economics during this upcoming presidential administration transition, this webinar could provide valuable information. Register now to secure your spot: Register Here

King recently held a webinar, featuring King's Chief Economist John Mauldin giving insights into his 2025 Energy Outlook and discussing opportunities with King. If you would like to watch the recording of this webinar, please fill out and submit this form and we will email you the link to the recording.

 

Oil & Gas News

 

OPEC Predicts Strong Oil Demand for 2025 and 2026
OPEC expects global oil demand to grow by 1.4 million barrels per day in both 2025 and 2026. Most of this growth will come from countries outside the Organization for Economic Co-operation and Development (OECD), like China and India. Oil production from countries outside OPEC is also expected to increase, especially from the U.S., Brazil, and Canada. OPEC's forecast suggests a steady rise in global oil demand and supply over the next two years.
 
Oil Prices Rise as U.S. Crude Supplies Drop
Oil prices went up after U.S. crude inventories fell by 2 million barrels in the second week of January. While gasoline and other fuel supplies increased, they’re still lower than usual for this time of year. Even though experts are forecasting more oil than needed in 2025, concerns about U.S. sanctions on Russia and potential supply shortages are keeping prices higher. As of now, Brent crude is at $81.09 per barrel, and WTI is at $79.12. You can see the up-to-the-minute commodities numbers here.
 

Western U.S. Needs More Gas as Demand Increases

Natural gas demand is growing in the western U.S., especially in states like Arizona, due to more people and businesses. To meet this need, more gas will come from areas like the Uinta and Green River basins. While there’s some unused infrastructure that can help, the region still relies on gas imports from Canada and Texas. More drilling and pipeline projects are needed to keep up with the rising demand.

 

Move to Watch

Amplify Energy Merges with Juniper Capital to Expand in Rockies
Amplify Energy is merging with companies owned by Juniper Capital, adding 287,000 acres of land in key oil fields in Colorado and Wyoming. The deal will increase Amplify's oil production and give it more assets in the Rockies. Juniper will own 39% of the combined company, while Amplify keeps 61%. The merger strengthens Amplify’s cash flow and sets the stage for future growth in these oil-rich areas.

 

Join Us in Supporting These Amazing Causes

We are proud to support the following organizations that are making a difference in our communities:

To learn more about these organizations or get involved, please visit their websites.

 

If you'd like to talk to someone about King and are an accredited investor, you can fill out your information here or schedule a Zoom conversation with one of our SVPs here and someone will reach out. 

Also, please let us know how we are doing at King Operating Corporation. Leave a review here.

Thank you for your continued support, and if you have any questions for myself or any member of the King team, please don't hesitate to reach out.

All the best,

Jay

15301 Dallas Parkway, Suite 900
Addison, TX 75001

(214) 420-3000