Oil Prices Still Under Pressure, Putting OPEC+ Supply in Focus -- Market Talk
Oil prices have recouped some of the losses posted earlier this week, but Brent crude continues to trade below $85 a barrel despite growing tensions in the Middle East.
OPEC+ is “showing love” again, and there may be a change in the OPEC monthly report!
The new changes reflect long-standing cooperation between OPEC and its allies in collectively determining oil production.
Oil Heads for Weekly Gain on Renewed Optimism for US Rate Cuts
Oil headed for a third day of gains — putting crude on course for a weekly advance — as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets.
US Stock Nuggets | Power stocks are once again the focus of AI investment! Vistra and Constellation hit new highs
Nvidia's exclusive liquid cooling supplier Vertiv continued to strengthen, and the increase has doubled during the year; high-performing stocks have risen significantly! Toast and Teva Pharmaceuticals surged about 13% after the earnings report.
US oil reserves are in a hurry! The Biden administration clearly raised the upper limit of “oil purchase price”: 79.99 US dollars/barrel
① As US oil reserves have been reduced to their lowest level in nearly four decades, the Biden administration recently stepped up procurement efforts; ② The US Department of Energy said in a document that it will pay $79.99 per barrel of oil. This is the first time that the US government has set a clear price cap.
Goldman Sachs predicts that there is no hope that production will increase at the OPEC+ meeting in June, and oil prices may stay in the 75-90 dollar range
Goldman Sachs said on Wednesday that they no longer expect OPEC+ to announce the partial lifting of its voluntary production cuts at the June meeting.
Seasonal demand for gasoline and diesel in the US is the worst since the pandemic hit refining profits
According to the latest data from the US Energy Information Administration, demand for gasoline and diesel in the US is at its weakest seasonal level since the pandemic.
Express News | Goldman Sachs expects OPEC+ to reduce supply over a longer period of time
For the first time, the US clearly reimburses the SPR price: 79.99 US dollars/barrel!
This is the first time that the US government has set a clear price cap, which is still higher than the previous unofficial limit of 79 US dollars/barrel.
[Crude oil market closing] The decline in US crude oil inventories far exceeded expectations for the rise in oil prices
Oil prices rose slightly on Wednesday (May 8), after US oil storage data showed that crude oil inventories declined more than expected as refineries increased production before the summer driving season arrived.
WTI crude oil once fell below 77! KITU Macro: Some geo-risk premiums have been lifted
Economists at KITU Macro said that part of the risk premium for the Iran-Israel conflict has now been lifted, and OPEC+ may gradually eliminate production cuts starting in July.
US Stock Nuggets | Plans to expand AWS cloud infrastructure! Amazon's stock price hits a new all-time high
One of the top four fragrance companies in the world, the international fragrance performance jumped more than 6% after that, rising more than 17% during the year; it increased by more than 13% on the 5th! CRBG, a subsidiary of insurance giant AIG, was well received by the public after its performance.
Biden takes advantage of falling oil prices to restart a “replenishment” plan, 3.3 million barrels of crude oil will be put into storage
The Biden administration is taking advantage of falling oil prices to relaunch plans to replenish its depleted strategic oil reserves.
The US restarts the reserve replenishment program, and is Biden ready to deal with soaring oil prices at any time?
Biden restarts the SPR supplement plan when oil prices fall. If oil prices rise before the election, Biden may release SPR again.
Could OPEC+ “open the door” to increase production? Russia's words make the oil market uneasy!
Russian Deputy Prime Minister Novak said that the possibility of increasing oil production under the OPEC+ agreement is being analyzed.
Karpowership Und Petrobras Schmieden Strategische Allianz Zur Förderung Integrierter Erdgasprojekte in Zentral- Und Südamerika
ISTANBUL, 7. Mai 2024 /PRNewswire/ -- Karpowership und Petrobras haben eine Absichtserklärung unterzeichnet, um ihr jeweiliges Fachwissen in den Bereichen Erdgas und Strom zu kombinieren. Dazu gehö
Karpowership and Petrobras Forge Strategic Alliance to Enhance Integrated Natural Gas Projects in the Americas
ISTANBUL, May 7, 2024 /PRNewswire/ -- Karpowership and Petrobras have signed a Memorandum of Intent (MoI) to combine their respective expertise in the natural gas and power sectors. This includes liq
Karpowership Y Petrobras Forjan Una Alianza Estratégica
- Karpowership y Petrobras forjan una alianza estratégica para mejorar los proyectos integrados de gas natural en las AméricasESTAMBUL, 7 de mayo de 2024 /PRNewswire/ -- Karpowership y Petrobras ha
Israel persists in its actions! How will “Operation Rafah” affect oil prices?
Analysts say everything depends on how the Houthis and other countries react to the Rafah incident.
Saudi Arabia raises crude oil prices: a sign that oil prices have bottomed out?
Crude oil is most likely establishing a new bottom rather than continuing to fall...
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