Enbridge (ENB) CEO Projects Strong Oil Demand Through 2050

Zacks08-21

Enbridge Inc. (ENB) CEO Greg Ebel has made a bullish forecast for global oil demand, stating that it will continue to grow well in the coming decades. Speaking in an interview with Bloomberg on ...

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Speaking in an interview with Bloomberg on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enbridge-enb-ceo-projects-strong-112400115.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Enbridge (ENB) CEO Projects Strong Oil Demand Through 2050</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnbridge (ENB) CEO Projects Strong Oil Demand Through 2050\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-21 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/enbridge-enb-ceo-projects-strong-112400115.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Enbridge Inc. (ENB) CEO Greg Ebel has made a bullish forecast for global oil demand, stating that it will continue to grow well in the coming decades. Speaking in an interview with Bloomberg on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enbridge-enb-ceo-projects-strong-112400115.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4144","symbol_name":"石油与天然气的储存和运输","start_time":0,"source_url":"https://finance.yahoo.com/news/enbridge-enb-ceo-projects-strong-112400115.html","article_id":"2461182531","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/AKvzTAJZTbO24pfNVUbAnQ--~B/aD02MjU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/95a9e70dd22d6bfeb7040c52d68704e3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2461182531","pubTimestamp":1724239440,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Enbridge Inc.  CEO Greg Ebel has made a bullish forecast for global oil demand, stating that it will continue to grow well in the coming decades. Speaking in an interview with Bloomberg on Tuesday, Ebel said that oil consumption could potentially exceed 100 million barrels per day  by 2050, reaching more than 110 million bbl/day.The CEO’s outlook is driven by ongoing economic growth, particularly in developing countries, where demand for \"lighter, faster, denser  cheaper\" energy is on the rise. He noted that this increasing need for affordable energy should lead to higher oil usage.Enbridge's optimistic view on oil demand aligns closely with that of the Organization of the Petroleum Exporting Countries , which has projected global oil demand to hit 116 million bbl/day by 2045. However, the view stands in sharp contrast to the International Energy Agency's  conservative forecast, which anticipates demand to decline to 97 million bbl/day by 2050.The Zacks Consensus Estimate for SM’s 2024","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4144":"石油与天然气的储存和运输","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0238689110.USD":"贝莱德环球动力股票基金","BK4590":"PTP","MPLX":"MPLX LP","NOG":"Northern Oil & Gas","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","ENB":"安桥","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4213":"石油与天然气的勘探与生产","SM":"SM Energy","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H"},"translate_title":"安桥(ENB)首席执行官预计到2050年石油需求将强劲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENB":1,"NOG":1,"SM":1,"MPLX":0.9},"content_text":"Enbridge Inc. (ENB) CEO Greg Ebel has made a bullish forecast for global oil demand, stating that it will continue to grow well in the coming decades. Speaking in an interview with Bloomberg on Tuesday, Ebel said that oil consumption could potentially exceed 100 million barrels per day (bbl/day) by 2050, reaching more than 110 million bbl/day.\nThe CEO’s outlook is driven by ongoing economic growth, particularly in developing countries, where demand for \"lighter, faster, denser (and) cheaper\" energy is on the rise. He noted that this increasing need for affordable energy should lead to higher oil usage.\nAlignment With OPEC's Projections\nEnbridge's optimistic view on oil demand aligns closely with that of the Organization of the Petroleum Exporting Countries (“OPEC”), which has projected global oil demand to hit 116 million bbl/day by 2045. However, the view stands in sharp contrast to the International Energy Agency's (“IEA”) conservative forecast, which anticipates demand to decline to 97 million bbl/day by 2050.\nNorth America's Role in the Future of Oil\nEbel highlighted North America's critical role in the global oil market, noting that the region's future is deeply tied to oil production and exports. Enbridge is heavily investing in its liquids pipelines division, including expanding storage and loading capacity at its Ingleside crude export terminal in Texas. As the largest oil export facility in the U.S., this terminal is consistently setting new volume record each month.\nPotential Expansion of the Mainline System\nLooking ahead, Ebel mentioned that Enbridge may increase the capacity of its Mainline oil pipeline system, which transports crude from Canada's oil sands to U.S. refiners. The company could add 100,000 to 150,000 bbl/day of capacity by 2026 or 2027, further supporting its optimistic outlook for long-term oil demand.\nEnbridge's bullish stance on oil demand underscores the company's confidence in the continued relevance of oil in the global energy mix, even as the world transitions toward cleaner energy sources.\nZacks Rank & Key Picks\nCurrently, Enbridge carries a Zack Rank #3 (Hold).\nInvestors interested in the energy sector may look at some better-ranked stocks like SM Energy Company SM, MPLX LP MPLX and Northern Oil and Gas, Inc. NOG. While SM Energy currently sports a Zacks Rank #1 (Strong Buy), MPLX and Northern Oil and Gas carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.\nSM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company’s attractive oil and gas investments should create long-term value for shareholders.\nThe Zacks Consensus Estimate for SM’s 2024 EPS is pegged at $7.57. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.\nMPLX derives stable fee-based revenues, driven by long-term contracts, with minimal exposure to commodity-price fluctuations. The partnership’s robust capital expenditure forecast for 2024, along with significant expansion initiatives, underscores its commitment to sustainable growth.\nThe Zacks Consensus Estimate for MPLX’s 2024 EPS is pegged at $4.21. The company has a Zacks Style Score of B for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.\nNorthern Oil and Gas’ core operations are focused on three leading basins of the United States — the Williston, Permian and the Appalachian. The upstream operator employs a unique nonoperating business model, which helps it to keep costs down and increase cash flow.\nThe Zacks Consensus Estimate for NOG’s 2024 EPS is pegged at $5.21. The company has witnessed upward earnings estimate revisions for 2024 in the past seven days.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSM Energy Company (SM) : Free Stock Analysis Report\nEnbridge Inc (ENB) : Free Stock Analysis Report\nMPLX LP (MPLX) : Free Stock Analysis Report\nNorthern Oil and Gas, Inc. (NOG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461182531"}