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Dublin, July 30, 2024 (GLOBE NEWSWIRE) -- The "China Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering. The Chinese construction industry is expected to expand by 4% in real terms in 2024, supported by investment in infrastructure and energy projects.
Dublin, July 25, 2024 (GLOBE NEWSWIRE) -- The "Estonia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Oil prices have risen since June, with WTI crude up around 8% to over $83 per barrel now. At this juncture, we suggest buying stocks like SM, SUN and TUWOY.
The International Energy Agency (IEA) has taken a haircut to its outlook for oil demand next year, as it sees continued rising supplies.
Despite IEA's somewhat tepid oil demand view, we believe the space is still a good one for investors to take a position in. We suggest buying stocks like SUN, PUMP and TUWOY.
Zeina Rizk, Amwal Capital Partners Co-Head of Fixed Income says the IEA report is worrying but won't impact oil markets in the short term. She also discusses GCC fixed income, including Turkey and Egypt with Joumanna Bercetche on Horizons Middle East and Africa.
The International Energy Agency (IEA) has raised concerns about a potential oversupply in the global oil market, warning that a surge in US-led production could outstrip demand by a staggering 8 million barrels per day by the year 2030. Yahoo Finance's Ines Ferré breaks down the projection, shedding light on the factors contributing to this imbalance between supply and demand.
The IEA forecasts a bearish long-term outlook for crude oil with peaking demand, significant supply surplus, and a shift to renewable energy sources.
In its latest medium-term market report, titled Oil 2024, the IEA said oil demand growth was on track to slow down before reaching its peak near 106 million barrels per day by 2030. At the same time, the IEA expects total oil production capacity to surge to nearly 114 million barrels per day by 2030 — a whopping 8 million barrels per day above projected global demand.
Vinci is the world's largest transport infrastructure owner & operator and independent energy contractor. We find the valuation appealing and are drawn by the upcoming earnings growth combined with the potential for higher capital returns. At a conservative multiple, Vinci offers an 18% upside, and we recommend building a long position on Vinci shares.