Dave Winans, a U.S. Investment Grade Credit Research Analyst at PGIM Fixed Income, dives into the intricate world of oil and energy markets. He discusses the bearish outlook for crude oil, estimating prices at $60 to $70 per barrel by 2025. With demand softening in China and geopolitical tensions in the Middle East, Winans highlights the resilience of U.S. energy companies. He also examines the growth of U.S. LNG exports, especially their impact on global markets and the challenges ahead for upstream producers.