OPEC+ has no choice! The dream of triple-digit oil prices is getting farther and farther away.
OPEC+ lacks the means to deal with a market that is sufficiently supplied, which is putting it in an endless cycle of production cuts.
Will OPEC+ trigger concerns over supply glut? Is the international oil price just beginning to decline?
The oil price continues to fall from the lowest level in nearly four months.
Crude oil prices are falling at noon due to a potential increase in global oil supply.
The market has shifted its attention to the possibility of increased supply towards the end of the year.
Oil prices have plummeted! Why did OPEC+'s efforts to save the market fail and instead lead to market turmoil?
The discussion confirming the latest decision of OPEC+ confirms that the market is still in a selling mode.
Australia's important LNG plant has shut down during the critical supply interruption in Norway, which exacerbates the global natural gas supply tension.
Part of an important liquefied natural gas (LNG) export facility in Australia stopped production on Monday, which could further tighten global natural gas supply.
US stocks close | Three major indexes rise and fall, nvidia rises nearly 5% to create a new closing high.
Chip stocks experienced a thrilling three-day reversal. Nvidia ended its two-day decline, while AMD fell by 2%. Apple rose for the sixth consecutive day, while Gamestop rose 75% at the opening and closed with a 21% gain.
Global henry hub natural gas supply tightens? Important LNG facilities in Australia are shut down.
①An important liquefied natural gas (LNG) export facility in Australia has stopped production, which could further tighten global natural gas supply; ②The Nyhamna natural gas processing plant in Norway reported an unexpected shutdown event, and the natural gas flow from the North Sea to the Easington terminal in the United Kingdom plummeted to zero.
US and Brent both fell 3%! OPEC's slight easing of production cuts policy suppressed international oil prices.
Crude oil futures fell below $74 per barrel for the first time since early February. Brent crude oil futures fell nearly 3.5%, to the lowest level in nearly four months. Oil & gas analyst Javier Blas said that while OPEC+ has delayed production cuts, it is actually paving the way for increased production.
Market Whales and Their Recent Bets on CVX Options
Investors with a lot of money to spend have taken a bullish stance on Chevron (NYSE:CVX).And retail traders should know.We noticed this today when the trades showed up on publicly available options hi
Marathon Oil Cut at Citi, Seeing Low Likelihood of Another Suitor After Conoco Offer
Shares of Several Oil & Gas Companies Are Trading Lower Following an OPEC+ Meeting in Which Members Said They Would Start Phasing Out Voluntary Production Cuts in October.
Shares of Several Oil & Gas Companies Are Trading Lower Following an OPEC+ Meeting in Which Members Said They Would Start Phasing Out Voluntary Production Cuts in October.
Energy Stocks Sink as OPEC+ Plans to Begin Phasing Out Voluntary Cuts This Year
A small crack in a pipeline has pushed Europe's Henry Hub natural gas futures to a new high for the year.
Since 2022, Norway has surpassed Russia as the largest supplier of Henry Hub natural gas in Europe. Gassco, the operator of Norway's natural gas pipeline, has stated that it is currently unclear how much time it will take to repair the pipeline.
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.