Magic 8 Ball shows ‘outlook good’ for US oil producers in 2023, analyst agrees

What will 2023 have in store for the oil sector?

EY principal Pat Jelinek is expecting healthy oil prices next year, increased investment in oil companies’ traditional businesses and adjacent lower carbon options and “a pretty good outlook” for US oil and gas producers in the near term. Jelinek, EY’s oil and gas leader for the Americas, joined the podcast to give his take on what’s to come for the US oil industry as it contends with continued geopolitical instability, the uncertainty of domestic politics and dueling forces to promote energy security and decarbonization.

Stick around after the interview for Jeff Mower with the Market Minute, a look at near-term oil market drivers.