OPEC's oil demand cut offers 'depressing' view on space: Expert

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OPEC+ is cutting its crude oil (CL=F, BZ=F) demand growth forecast for the fifth consecutive month. The Catalysts team welcomes Energy Word Founder Daniel Dicker to share his insights on what this signifies for the global oil market.

"It's been a pretty depressing kind of view on crude oil that we've had for the last six months, the last half of 2024. I continue to believe that 2024 was really the kind of pivot year for not fossil fuels, but crude oil specifically, in that it's not going to be the growth story it was in the past," he tells Seana Smith and Madison Mills, "and we have been pivoting on... clients out of crude oil and into natural gas and renewables because of that."

Dicker also weighs in on the possible energy policies the incoming second Trump presidency could enact.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.