EIA estimates the GDP growth rate to remain flat year over year in 2024 and decline in 2025, which may dampen energy demand. Hence, keep an eye on XOM, CVX, and COP with strong balance sheet.
EIA foresees no growth in GDP this year, with a projected downturn in the following year, consequently dampening energy demand. This highlights the need to keep an eye on XOM, CVX and COP.
Uncertainty around the trajectory for interest rates has made the overall energy market extremely volatile. This is hurting the prospects of upstream and…