The Future of the Oil Industry - Mineral Royalties

Recent reports from OPEC might give us some insights into the future of the oil industry.
Apparently, global oil demand is expected to grow by 2.33 million barrels per day this year, which is quite impressive. Although, this growth will mostly come from the Chinese market, while other regions may experience slight declines due to economic challenges.

But don't worry too much, as this forecast still represents a slight increase from previous predictions. OPEC still expects total world oil demand to reach 101.9 million barrels per day in 2023.

Of course, there are still uncertainties around global economic developments and ongoing geopolitical tensions that could affect these predictions. But for now, it seems like the future of the oil industry is looking up.

https://oilprice.com/Energy/Crude-Oil/OPEC-World-Oil-Demand-To-Rise-By-233-Million-Bpd-In-2023.html

https://bit.ly/41wcEJV

If you found this information helpful, give this video a thumbs up and don't forget to subscribe for more insights on the latest news and trends. Thanks for watching!

It's important to keep up with industry updates, especially if you're invested in energy or oil-related properties. If you would like to learn more about income producing mineral properties, feel free to give us a call.

Visit our website. https://mineralroyaltiesgroup.com/
Listen to and like this video then Subscribe to this channel.

Uncover ways to use 1031exchange #funds to #purchase a mineral property.

Do you have a strategy to protect your wealth from #recession #inflation #stagflation #hyperinflation #energycrisis?

We offer FREE reviews if you are evaluating an oil well drilling or re-work deal. Give us a call or send us an email.

#oilandgas #energy #renewableenergy #offshore #oilfield #petroleum #naturalgas #energytransition #fracking #drilling #sustainability #cleanenergy #energyindustry #energyefficiency #fossilfuels #climatechange #carbonfootprint #oilprices #energynews #energysecurity

This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.