Subject: JPM 2024 oil forecast $83
Barron's Dec 28, 2023 interview with Natasha Kaneva, the head of global commodities strategy at J.P. Morgan

"Our $83 price forecast assumes the Saudis will bring some production back and Russia will bring some capacity back, as well."

"There is no [oil] peak in sight. We only modeled through 2030"

"A lot of people don’t realize how widespread the use of oil and gas is."

"We don’t see the peak of U.S. oil supply. What is going to peak is the growth rate."

"We have non-OPEC supply growing at about 1.7 million barrels per day"

"Between now and 2030, we estimate global gasoline demand will decline by about one million barrels a day." [because of electrification of the fleet]

https://www.barrons.com/articl...