Wall Street is leaning into natural gas while pumping the brakes on oil.
JPMorgan’s latest energy sector update signals a shift in the landscape, driven by growing U.S. gas demand and a looming oil glut in 2025.
Analyst Arun Jayaram and his team have crunched the numbers, revising forecasts and adjusting ratings accordingly. They’ve upgraded Range Resources Corp (NYSE:RRC) and downgraded Vermilion Energy Inc (NYSE:VET) as gas stocks catch fire and oil stocks face headwinds.
Natural Gas: The New Favorite
JPMorgan is doubling down on natural gas, citing three major secular tailwinds:
- LNG Boom – The U.S. is ramping up LNG export capacity, set to increase by 11 Bcf/d by 2030, keeping demand strong.
- Electrification Surge – AI-driven power consumption is skyrocketing, with U.S. gas turbine orders up 147% year-over-year.
- Coal-to-Gas Shift – More utilities are pivoting to natural gas as a cleaner alternative to coal.
With these factors in play, JPMorgan sees long-term natural gas prices above $3.50 per MMBtu, potentially reaching $4.00+ in 2025-2026 to …
Full story available on Benzinga.com
Wall Street is leaning into natural gas while pumping the brakes on oil.
JPMorgan’s latest energy sector update signals a shift in the landscape, driven by growing U.S. gas demand and a looming oil glut in 2025.
Analyst Arun Jayaram and his team have crunched the numbers, revising forecasts and adjusting ratings accordingly. They’ve upgraded Range Resources Corp (NYSE:RRC) and downgraded Vermilion Energy Inc (NYSE:VET) as gas stocks catch fire and oil stocks face headwinds.
Natural Gas: The New Favorite
JPMorgan is doubling down on natural gas, citing three major secular tailwinds:
- LNG Boom – The U.S. is ramping up LNG export capacity, set to increase by 11 Bcf/d by 2030, keeping demand strong.
- Electrification Surge – AI-driven power consumption is skyrocketing, with U.S. gas turbine orders up 147% year-over-year.
- Coal-to-Gas Shift – More utilities are pivoting to natural gas as a cleaner alternative to coal.
With these factors in play, JPMorgan sees long-term natural gas prices above $3.50 per MMBtu, potentially reaching $4.00+ in 2025-2026 to …
Full story available on Benzinga.com
Wall Street is leaning into natural gas while pumping the brakes on oil.
JPMorgan’s latest energy sector update signals a shift in the landscape, driven by growing U.S. gas demand and a looming oil glut in 2025.
Analyst Arun Jayaram and his team have crunched the numbers, revising forecasts and adjusting ratings accordingly. They’ve upgraded Range Resources Corp (NYSE:RRC) and downgraded Vermilion Energy Inc (NYSE:VET) as gas stocks catch fire and oil stocks face headwinds.
Natural Gas: The New Favorite
JPMorgan is doubling down on natural gas, citing three major secular tailwinds:
LNG Boom – The U.S. is ramping up LNG export capacity, set to increase by 11 Bcf/d by 2030, keeping demand strong.
Electrification Surge – AI-driven power consumption is skyrocketing, with U.S. gas turbine orders up 147% year-over-year.
Coal-to-Gas Shift – More utilities are pivoting to natural gas as a cleaner alternative to coal.
With these factors in play, JPMorgan sees long-term natural gas prices above $3.50 per MMBtu, potentially reaching $4.00+ in 2025-2026 to …Full story available on Benzinga.com Read MoreAnalyst Color, AR, AR, energy, EQT, EXE, Expert Ideas, Long Ideas, Natural Gas, Oil, RRC, Stories That Matter, VET, Commodities, Top Stories, Markets, Analyst Ratings, Trading Ideas, EQT, US26884L1098, RRC, US75281A1097, AR, US0434131035, EXE, VET, Long Ideas, Analyst Color, Commodities, Top Stories, Markets, Analyst Ratings, Trading Ideas, Benzinga Markets
