In terms of demand, global crude oil demand has returned to ...

In terms of demand, global crude oil demand has returned to pre-pandemic levels, and demand growth remains stable, and further OPEC+ production cuts should help curb non-OPEC production increases. Supply may be slightly higher than demand. The overall supply outlook should not be weak as market investors fear. Oil price drop protection will be provided. For energy stocks, supported by oil prices and free cash flow in equities, share-friendly policies such as dividend issuance and buy-back of treasury stocks will also increase investment value.