December 24, 2024 13:31 GMT
ENERGY: U.S. Gas Looking Better Than Oil in 2025: Roth Capital
ENERGY
U.S. producers are not signalling intent to boost oil production in 2025 despite Trump paving the way for easier legislation according to Leo Mariani, Senior Research Analyst at Roth Capital Partners.
- Initial spending indications by U.S. producer’s show “flat to down” in 2025 he said.
- Oil price weakness against elevated sticky service costs is weighing on budgets but the market for gas production looks more promising he said.
- “We think there is a decent chance [U.S.] gas does better than oil in 2025,” Mariani said.
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