RE: BUYBACK DEBATE & THE FURTURE PRICE OF OIL18 May 2024 13:36
Ahha, haven't read previous contributions to your 'forecast oil price survey' but simplistically much depends on the Demand / Perceived Demand for oil and gas. OPEC+ will 'probably deal with / react positively to the Supply side, but the Demand side is more tricky as relates to Macro economic factor demand, Climate, mix of EV's to Petrol/Diesel Vehicles and Heating system types, Wars, US SPR purchases, US demand manipulation, etc.. Oil and Gas are more volatile and unpredictable than many other sectors, not for the over anxious !! However, I continue to stay surfing on the BP, SHEL and HBR boards in anticipation of attractive eventual paydays !!