ERX Direxion Daily Energy Bull 2X Shares ETF
- 63.620
- -4.250-6.26%
Energy Stocks Sink as OPEC+ Plans to Begin Phasing Out Voluntary Cuts This Year
The US stock market may be "make or break” by Nvidia.
Perhaps it's time to withdraw from the artificial intelligence market and turn to the Dow Jones Industrial Average.
ConocoPhillips Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/03/2024 41.51% Truist Securities $160 → $165 Maintains Buy 05/30/2024 37.22% Barclays $158 → $160 Maint
Waste Management Nears $7B Deal To Acquire Stericycle: Report
Waste Management Inc (NYSE:WM) is reportedly nearing a huge acquisition deal to purchase medical-waste-disposal company Stericycle Inc (NASDAQ:SRCL) for approximately $7 billion, inclusive of debt.The
OPEC+ revealed a detailed roadmap for "production cuts end", and Goldman Sachs said it would be bearish for oil prices!
Can oil prices stabilize after OPEC+ agrees to extend production cuts? At Sunday's OPEC+ ministerial meeting, it was reported that OPEC+ had reached a preliminary agreement to extend its production cuts policy until 2025, gradually phasing out voluntary additional cuts from the end of September.
Behind the extension of OPEC+ production cuts: Saudi financial crisis triggers new trends in oil prices.
OPEC+ announced an agreement last weekend to extend production cuts until 2025, while planning to gradually increase oil supply from October. It is expected that daily production will increase by about 1.8 million barrels by mid-2025.
Goldman Sachs: Global LNG supply is expected to increase 80% in 2030, the US and Qatar lead
① The Goldman Sachs report shows that, driven by new construction projects in Qatar and North America, global liquefied natural gas (LNG) supply will surge 80% by 2030; ② The global oil and gas industry is undergoing a major transformation, preparing to cope with the long-term decline in crude oil demand and rising demand for natural gas.
Has OPEC+ conceded defeat? Saudi Arabia has a lot of unspeakable hidden things
OPEC+'s latest production policy may indicate that it has completely abandoned three-digit oil prices. Saudi Arabia is in a difficult period when this shift occurred.
Crude oil product analysis at noon: ICE Brent oil is basically stable and not affected by OPEC+ decisions.
Due to the decline in refining profit margins, Saudi Aramco may keep the official crude oil export prices to Europe unchanged in July.
Saudi Arabia plans to start resuming part of international oil supply in October in response to falling international oil prices
Oil prices extended their decline as outsiders worried about the outlook for demand and strong supply.
The US oil and gas industry is reviving: after years of underinvestment, the market has entered crazy integration
① ConocoPhillips announced last week that it will acquire Marathon Petroleum, and its valuation has also jumped to 150 billion US dollars; ② The US oil and gas industry has seen frequent mergers and acquisitions since last year, revealing a trend of consolidation in the entire industry; ③ According to a survey by the US Dallas Federal Reserve, the industry estimates that there will be more mergers and acquisitions in the next two years.
The 10 US stocks with the highest shareholders' equity, this stock is “far ahead”!
Despite the limitations of book value valuation methods, they can still be used as a way to screen for cheaper stocks.
What is the impact of the OPEC+ extension of the production reduction agreement on oil prices? Analysts have mixed opinions
OPEC+ extends the collective production reduction plan, but the plan will abolish resource production reduction measures.
Big news from the oil market! OPEC+ agrees to extend collective production cuts until the end of 2025
Delegates at the meeting said that these restrictions are aimed at boosting prices and avoiding global oversupply.
OPEC+ sends a big signal! Lower oil prices
OPEC+ agreed to extend collective production cuts until the end of 2025, but major member states will begin reducing the scale of voluntary production cuts in October. The market gave mixed reviews.
Stocks Most Shunned by Hedge Funds and Mutual Funds
OPEC+ Extends Global Oil Production Cuts Into 2025 -- Barrons.com
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has agreed to maintain current voluntary production cuts through next year. Their decision is expected to keep oil prices higher through the U.S. presidential election.
Nvidia Looks a Good Bet to Replace Intel in the Dow
NIO And Best Buy Were Among 10 Stocks That Shined The Brightest Last Week: Are They In Your Portfolio?
These ten stocks shined last week, being the best performers. Are they in your portfolio?Birkenstock Holding Plc (NYSE:BIRK) shares rose 22.20% after the company reported strong Q2 earnings and raised
U.S. Shale M&A Expected to Continue in Wake of Marathon Oil Deal - FT