RBC's Helima Croft on why oil saw its worst year since 2020 - part 2/2

Well, they would say current prices are sub-optimal. But the question is like if you really get, if we're holding in like the low 50s for WTI, like that is not a price that works for producers. The question is is how many have hedged, like can they do this for a year? I mean,

they talk about it being a tough price environment currently, but also some of the tariffs on aluminum and steel have not been great. There are labor issues in the sector. They've managed to keep production elevated this year, but can it continue at current levels if we don't

have a more robust price environment? And I do think you're already starting to see when you talk about OPEC, the other side of the production equation, the fact that OPEC has paused production increases, I think is important. Like they're not signaling for 2026 that they're

going to be putting a lot more supply in the market because frankly, they don't have a lot of supplies left. I mean, there is not a lot of of oil in the OPEC tag. So, they just can't repeat what they did in 2025. 3 1 2 3 0 0 0 0 0 0