OPEC’s $18.2 Trillion Energy Demand Forecast

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

Newsletter No. 138

Good afternoon,

Let's jump right in this week and take a look at what’s happening in the oil and gas industry.


This Week's Headlines

  • OPEC Says the World Needs $18.2 Trillion to Keep Up with Energy Demand
  • U.S. Oil Production Set to Hit Record Levels in 2025 and 2026
  • TotalEnergies Expects Higher Q3 Profits as Production and Refining Rise

  • Bloom Energy and Brookfield Team Up for $5 Billion AI Power Project
  • Upcoming Webinar with Tax Strategist Ed Lyon
  • New Podcast:  From Sales to Strategy: How Don Greene Builds Growth


Oil and Gas News

OPEC Says the World Needs $18.2 Trillion to Keep Up with Energy Demand
OPEC’s leader, Haitham Al Ghais, says the world must invest $18.2 trillion in oil and gas by 2050 to keep up with rising energy needs. He expects global energy use to grow 23% by then, with oil still making up about 30% of all energy used. OPEC warns that without steady investment, there won’t be enough supply to meet demand. The group also noted that the International Energy Agency now agrees new oil and gas projects are needed, a change from its earlier stance against new investments.

U.S. Oil Production Set to Hit Record Levels in 2025 and 2026
The U.S. government now expects the country to keep breaking oil production records over the next two years. The Energy Information Administration says the U.S. pumped about 13.6 million barrels a day in July, the highest ever, and should average 13.5 million barrels a day in both 2025 and 2026. U.S. oil (WTI) should average about $65 a barrel this year.

TotalEnergies Expects Higher Q3 Profits as Production and Refining Rise
TotalEnergies says its profits and cash flow likely increased in the third quarter of 2025 compared to last year, even though oil prices dropped by $10 per barrel. The company produced about 2.5 million barrels of oil and gas per day, up 4% from a year ago. It also earned more from refining fuel in Europe, where profit margins climbed from $15 to $63 per ton. Overall, the company expects a small rise in total earnings, between 0% and 5%, thanks to stronger production and refining results. Shell also predicts better third-quarter profits for similar reasons, including higher gas trading and refinery performance.

  

Moves to Watch

Bloom Energy and Brookfield Team Up for $5 Billion AI Power Project
Bloom Energy and Brookfield Asset Management are joining forces in a $5 billion deal to build new energy systems that can handle the huge power needs of artificial intelligence. The project will use Bloom’s fuel cell technology to create “AI factories,” which are large data centers designed to produce and manage computing power efficiently.

The companies plan to develop these facilities around the world, with the first site in Europe expected to be announced later this year. Bloom’s CEO, KR Sridhar, said AI requires massive, fast, and flexible energy supplies that current power grids can’t provide.

This marks Brookfield’s first big step into AI-related energy projects, expanding on its long history of investing in digital and power infrastructure.

Happening at King

The Great Reset, Part 2 with Chief Economist John Mauldin
If you missed our recent webinar, "The Great Reset, Part 2: The Fed" with Chief Economist John Mauldin, fill out this form and we will send you a replay.

New Podcast:  From Sales to Strategy: How Don Greene Builds Growth
In this week’s episode of The Jay Young Show, my co-host Jordan Soto and I sit down with Don Greene, a seasoned business leader with nearly two decades in medical diagnostics and sales strategy. 

Watch it on LinkedIn, Rumble and YouTube (@JayRYoungOfficial)

Have questions about oil and gas, alternative investing or tax strategies in oil and gas? Please include your question on the form and we will do our best to get them answered in a weekly market update.
   

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.

 

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 to us.

All the best,
Jay


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