Express News | Bank of America: If inventories continue to grow rapidly, crude oil prices will fall.
Oil release warning! The Biden administration claims to be ready to release SPR again.
Biden's energy advisor suggests that the USA has enough SPR and hopes to see oil prices "further reduced a bit".
There are signs of tightening supply and increasing prices in the European diesel market.
The European diesel market is showing signs of tightening.
Daily short sale tracking: Sirius XM's short volume increased by 5 million, with a short sale ratio of 39%
Sirius XM(SIRI.US) ranked top of the list had the largest change in short volume (5.65 million shares), and the short volume ratio of STMicroelectronics(STM.US) reached 50.79%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Cenovus Energy Inc's Dividend Analysis
Major event! Saudi Arabia terminates its 50-year oil-dollar agreement with the United States: what does this mean for the dollar, bitcoin, and gold?
After 50 years, the Saudi Arabia-US oil-dollar agreement, which expired on June 9th, was not renewed by Saudi Arabia.
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.
Express News | OPEC confronts the IEA: Long-term forecast shows that petroleum demand will not peak.
Why Cenovus Energy (CVE) Is a Great Dividend Stock Right Now
Shares of Oil Companies Are Trading Lower Amid a Rise in U.S. Stockpiles. Also, the Sector May Be Moving After the Fed Reduced Rate Cut Expectations.
Shares of Oil Companies Are Trading Lower Amid a Rise in U.S. Stockpiles. Also, the Sector May Be Moving After the Fed Reduced Rate Cut Expectations.
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.
Going against Goldman Sachs! Citigroup is bearish on oil prices, predicting a fall to $74 in the fourth quarter.
Citigroup's latest report paints a bleak picture of the oil market.
Cenovus Energy To Go Ex-Dividend On June 14th, 2024 With 0.1312 USD Dividend Per Share
June 12th (Eastern Time) - $Cenovus Energy(CVE.US)$ is trading ex-dividend on June 14th, 2024.Shareholders of record on June 14th, 2024 will receive 0.1312 USD dividend per share on June 28th, 2024. T
Crude oil trade reminder: Middle East tensions push up oil prices, but the Federal Reserve's attack has hit bullish morale.
Oil prices rose and fell on Wednesday, supported by continued tensions in the Middle East. Earlier in the day, oil prices rose nearly 2% to a two-week high, but closed mostly higher as the Federal Reserve's two-day meeting ended with a statement indicating that interest rate may not be lowered until December.
Energy Aspects: It is unlikely that OPEC+ will increase oil production in 2024.
Founder of Energy Aspects, a third-party energy research and advisory institution, Amrita Sen, said that if global demand does not increase, OPEC+ member countries may not need to increase oil production later this year.
Cenovus Energy (CVE) Stock Slides as Market Rises: Facts to Know Before You Trade
New Energy Forecast Points to Cheaper Oil -- and Gasoline -- Barrons.com
There is more oil being produced today than is being used in many parts of the world, which is one reason prices for both crude and gasoline have been weak. Average national gas prices are at $3.45 per gallon, down 17 cents from a month ago and 14 cents from a year ago, according to AAA.
Citigroup Analysts Paint Bearish Picture for Global Crude Oil Prices -- OPIS
Citigroup's global commodities team on Wednesday said crude oil has missed out on what has been a "spectacular year for some commodities" and has been mostly range bound with volatility at about 10 year lows.
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.