PayPal Falls the Most Among Financial Stocks, While CleanSpark Climbs: Week's Roundup
Banco Macro Goes Ex Dividend Monday
OPEC and IEA have a confrontation: "IEA's comments are very dangerous".
The Secretary-General of OPEC stated that all previous peak oil demand forecasts have been proven wrong.
Peering Into MercadoLibre's Recent Short Interest
MercadoLibre's (NYSE:MELI) short percent of float has risen 4.31% since its last report.
Benzinga Market Summary: PPI Readings Come In Below Expectations, Broadcom Shares Rise On Earnings, Argentina Stocks Gain On Approval Of Reforms Package
Benzinga Market Summary: PPI Readings Come In Below Expectations, Broadcom Shares Rise On Earnings, Argentina Stocks Gain On Approval Of Reforms Package
Express News | Global X MSCI Argentina ETF Rises 2.7% After Argentine Senate Passes Milei Reform Bill
Shares of US-listed Argentina Stocks Are Trading Higher After Argentina's Senate Passed the Bases Law.
Shares of US-listed Argentina Stocks Are Trading Higher After Argentina's Senate Passed the Bases Law.
One major key factor remains weak! Can OPEC+ increase production this year?
OPEC+ claims it will take action based on market conditions, but the current situation doesn't support a production increase.
Nutrien Shelves Louisiana Clean Ammonia Project, Seeks $200M Cost Cuts by 2026
IEA continues to be bearish: the oil market will be severely oversupplied in the next decade!
IEA predicts that with people gradually abandoning the use of fossil fuels, the global oil market will face a "serious surplus" in this decade, provided that the supply is sufficient.
Bearish alert? IEA: Global crude oil demand is about to peak and oversupply is coming.
The International Energy Agency's (IEA) monthly report on the crude oil market on Wednesday, June 12 indicated that global oil production will surge by 2030, exceeding demand growth. The agency warned that this would push idle capacity to unprecedented levels. IEA Director Birol suggested that the world's largest energy giants adjust their business strategies to adapt to the changes taking place.
IEA's latest monthly report: predicts a decrease of 100,000 barrels/day in the projected growth of oil demand in 2024.
The latest report from the International Energy Agency (IEA) predicts that global demand for oil will peak in 2029 and begin to decline in the following years....
Bullish news for the oil market! EIA raises global demand expectations, expects crude oil inventories to decline in Q1 next year.
On Tuesday EST, the US Energy Information Administration (EIA) added fuel to the bullish sentiment in the market; EIA has further raised its expectations for global oil demand and expects record global oil demand this year.
OPEC Monthly Report: Maintains unchanged expectations for oil demand, global economy is expected to further improve.
The monthly report released by OPEC on Tuesday shows that despite lower-than-expected consumption in the first quarter, the organization still maintains its unchanged forecast for relatively strong global oil demand growth in 2024 and 2025. After the release of the report, international oil prices remained stable.
Will oil prices have a hot third quarter? Goldman Sachs, which tore up the report over the weekend, gave a new estimate of $86.
Due to the peak travel season and energy demand caused by hot weather, global oil prices are expected to rise again this summer. According to the latest report released on Sunday by Goldman Sachs' head of oil research Daan Struyven, Brent crude oil prices are expected to rise to $86 per barrel in the third quarter of this year, an increase of nearly 7% from current levels.
Goldman Sachs draws a line for oil prices: "Floor of 75 and ceiling of 90", and there will be a "big gap" in the market in the third quarter.
Considering factors such as strong demand in the summer in the USA, replenishment of supplies between China and the USA, the return of financial demand, and OPEC holding the bottom line, the price of Brent crude oil may rise to $86 per barrel in Q3.
The peak of crude oil sell-off is over! Goldman Sachs predicts a "major supply gap" in the third quarter.
Position data indicates that the selling of Brent oil may have reached its peak.
Coinbase, PayPal Notch Biggest Weekly Gains; Argentine Banks Slide: Financials Roundup
Grupo Financiero Galicia S.A. Goes Ex Dividend Monday
UBS: The fall in international oil prices is only temporary, and prices will rise again in the next few months.
JPMorgan analysts believe that the recent decline in international oil prices is only temporary, and oil prices will rise again in the coming months as demand increases.