3 Energy ETFs Recommended for Sustainable Returns

[ETF Daily News]( November 3rd, 2023 SPONSORED AD [#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2023-24?]( Investors are lining up for gains in the New Uranium Bull Market as prices blow past decade highs. We've uncovered THE ONE uranium stock that's set to drill multiple uranium properties right here in the safe confines of the USA. This small-cap uranium stock is currently flying just below Wall Street's radar... giving you the early-entry opportunity around US $0.20 per share. [Learn all about it in this brand new FREE online report.]( [3 Energy ETFs Recommended for Sustainable Returns]( The demand-supply imbalance would push crude oil prices higher, propelling the energy industry’s prospects. Thus, top-performing energy equities ETFs First Trust Natural Gas ETF ([FCG]( – [Get Rating]( iShares U.S. Oil & Gas Exploration & Production ETF ([IEO]( – [Get Rating]( and iShares Global Energy ETF ([IXC]( – [Get Rating]( could be ideal investments for sustainable returns. World oil demand will [rise by 2.44 million barrels per day]( (bpd) to average 102.1 million bpd in 2023, The Organization of the Petroleum Exporting Countries (OPEC) said in its [Monthly Oil Market Report]( (MOMR). Developing economies, led by China, will account for most of this year’s demand growth. Further, global oil demand is expected to grow by 2.25 million bpd in 2024. Moreover, U.S. [natural gas output and demand will soar to record highs]( in 2023, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO). EIA forecasts dry gas production to rise to 103.72 billion cubic feet per day (bcfd) in 2023 and 105.13 bcfd next year, compared to 99.60 bcfd last year. The agency also projects domestic gas consumption to rise to 89.17 bcfd this year from 88.46 bcfd in 2022. It forecasts that electricity generation from natural gas will account for around 42% of U.S. generation this year, up from 39% in 2022. Amid robust demand worldwide and constrained supplies, crude oil prices have remained higher for most of 2023. The Brent crude oil price averaged [$94 per barrel in September]( up $8/b from August and $19/b higher than in June. In September, oil prices rose to a 9-month high on worries about constrained supplies after major global crude exporters Saudi Arabia and Russia [extended their voluntary oil production cuts]( through the end of December 2023 and lowered U.S. commercial crude oil inventories. EIA expects oil prices to rise in the coming months, reflecting its expectations of tightening balances in world oil markets. Also, fears of a broader conflict in the Middle East could disrupt oil supplies, putting upward pressure on prices. EIA forecasts the Brent crude oil spot price to [average nearly $91/b in the fourth quarter of 2023](. In addition, the agency projects the Brent spot price next year to average $94.91/b, $6.69/b higher than in the prior month’s STEO. According to Goldman Sach’s chief commodities strategist Jeff Currie, oil prices could tread [as high as $100 per barrel in 2024](. Currie said that a supply-demand imbalance in the oil market will likely worsen over the next year and push prices higher. Given the industry tailwinds, it’s time to… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019