In the final months of 2023, volatile demand and surging U.S. oil output have exerted pressure on crude prices. Energy research firm FGE predicts that OPEC and its allies will assert greater control over the market in 2024, anticipating a strengthened ability to increase production during the latter part of the year.
Considering a positive long-term outlook, it seems wise to scoop up shares of Permianville Royalty Trust (PVL). Meanwhile, watching Schlumberger Limited (SLB) and Subsea 7 S.A. (SUBCY) for this month appears prudent. Before exploring the highlighted stocks, let's analyze the industry's dynamics.
