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Thought Leadership

2024 Predictions v. Reality

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Explore PEP’s review of 2024’s top predicted global market trends, assessing hits, surprises, and their impact on energy investments.

As we approach the end of 2024, we're pleased to share, "A Review Of The Top Ten Nonfinancial Developments That We Predicted Would Impact The Global Capital Markets in 2024 And What Actually Happened." Each year, the PEP Consulting & Advocacy team identifies the trends we believe will shape the global capital markets, particularly within capital-intensive sectors like energy. This exercise not only sharpens our client strategy but also gives us a unique opportunity to step back and assess the accuracy of our projections.

In this article, we reflect on where we hit the mark and where surprises emerged. I invite you to explore our analysis and consider how or if you were impacted by these trends in 2024 and how they could guide the path forward for investment in the energy space.

Read here.

2024 Predictions v. Reality

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Oil and gas companies are expected to report enormous profit growth as the war in Iran drives energy prices higher, but their stocks continue to underperform because investors question whether those gains will last. Political sensitivity and uncertainty around oil prices may also make companies reluctant to immediately increase dividends or stock buybacks.
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President Trump initially celebrated rising oil prices because they boosted U.S. energy profits. However, after the Iran war pushed crude prices from roughly $66 to an average of $95 per barrel between March and June, oil companies and their allies are now poised to receive major financial gains. The situation has become politically inconvenient for Trump, who is no longer pleased with the consequences of the price surge.
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Iran’s renewed threat to the Strait of Hormuz leaves Trump facing a stark choice as oil reserves shrink, fuel prices rise, and the conflict escalates.
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Oil prices climb as cracks in the U.S.-Iran cease-fire, renewed Hormuz tensions, and potential strikes revive volatility in global energy markets.
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Voting machine vs. weighing machine. The voting machine is winning.
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The global oil market has avoided the catastrophic supply crunch many feared when the Iran war broke out, but it’s far from balanced.
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Fitch Ratings upgraded its oil and gas sector outlook to “improving” from “neutral,” and Moody’s maintained its positive outlook.
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Oil markets remain highly volatile as the Iran War enters its fourth month. Energy expert Dan Pickering discusses the structural shifts triggered by the Strait of Hormuz closure and how investors can navigate a market increasingly disconnected from facts on the front lines.
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Same story, different day
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Oil and gas production won’t rebound quickly even if the Iran war ends soon. Why Devon Energy, Baker Hughes, and other stocks can weather the storm.
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Other than that Mrs. Lincoln, how was the play?
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The U.S. and Iran are each trying to trigger economic damage to make the other side relent. The standoff risks worsening the damage across the global economy.
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Europe faces widening fuel shortages as Middle East conflict strains global energy supplies, with jet fuel shortfalls expected to hit California and the West Coast.
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