The six dominant oil market trends for 2024. Plus, a top bond ETF pick for both income and capital gains


Source: theglobeandmail.com theglobeandmail.com

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The global crude oil market receives close attention from both investors looking for profits and the climate conscious looking to gauge the progress of decarbonization. Over the weekend, RBC Capital Markets energy strategist Michael Tran informed both parties with an oil outlook for 2024 that covered the major themes for the year. Mr. Tran expects a supply-driven market next year - with production eclipsing demand in importance - and that is theme number one. Saudi Arabia will limit output but four countries - Canada, the U.S., Brazil and Guyana – are forecast to increase total liquids production (which includes natural...