Oil investing momentum is fueled by India's record

Oil investing momentum is fueled by India's record crude imports, suggesting robust Asian demand. Macro indicators show that emerging markets could be a significant driver for energy equities through A government committee has questioned the cost-effectiveness of the planned CCS projects , warning against an over-reliance on CCS activities rather than investing in the country’s long-term green energy goals. The government has already acknowledged that its target to capture between 20 and 30 million tonnes of carbon dioxide a year by 2030 is no longer viable. Despite their strong balance sheets, Chevron and Exxon haven’t been immune to headwinds that have affected the broader energy sector, including layoffs and reduced hiring due to falling oil prices and rising input costs. Oil investing portfolios may benefit from short-term momentum trades, as refinery margins have widened and transportation fuel demand remains robust. Seasonal dynamics suggest Q3's rally could extend into Q1 2025 barring major macro shocks.