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Jefco 2022 energy outlook - bullish gas, bearish oil, GALP up to buy

Dec. 14, 2021 10:04 AM ETBP, TTE, PBR, SHEL, E, USO, OMVKY, REPYY, GLPEY, EQNR, CO1:COM, CL1:COMBy: SA News Team7 Comments

Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field.

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  • Jefferies energy team out with a 2022 outlook note, and unlike peers at J.P. Morgan and Goldman Sachs, Jefferies takes a bearish tact on oil into next year (NYSEARCA:USO) (CL1:COM).
  • Jefferies sees OPEC+ flooding the oil market

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