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.
Are production cuts+low prices boosting US natural gas expected to get out of the surplus situation this winter?
Analyst John Kemp said ultra-low prices are maximizing the generator's gas combustion and forcing producers to cut back on drilling, which will ensure the US removes excess gas by the end of the 2024/25 winter.
Express News | Goldman Sachs expects OPEC+ to reduce supply over a longer period of time
[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.
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.
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.
Exxon Mobil CEO Darren Woods, On Carbon Reduction, Says We Got To Find A Way To A Market Based System; Pioneer Acquisition Will Allow Company To Produce More Oil At Lower Cost; Chevron's Mike Wirth Says IRA Rules Make It Difficult To Get Comfortable...
Exxon Mobil CEO Darren Woods, On Carbon Reduction, Says We Got To Find A Way To A Market Based System; Pioneer Acquisition Will Allow Company To Produce More Oil At Lower Cost; Chevron's Mike Wirth Sa
Does Saudi Arabia have an “iron heart” to support oil prices? Raising the official price in June, sales in Asia increased more than expected
① Saudi Aramco's statement on Sunday showed that Saudi Arabia raised the official selling price (OSP) of Arabian light crude oil in June; ② the price increase for Asia was raised for the third month in a row; ③ industry insiders pointed out that Saudi Arabia's current price increase highlights that Saudi Arabia is still trying to keep the crude oil market tight at a time when the risk of conflict in the Middle East subsides.
AI will fuel the gas boom! Multiple Reports Sing Too Many: Electricity Demand Will Surge By 2030
① The huge energy demand from artificial intelligence and data centers has brought huge upside to the natural gas industry; ② Wells Fargo's report indicates that US electricity demand is expected to grow 20% by 2030; ③ industry figures point out that renewable energy alone may not meet electricity demand, and natural gas will be needed to supplement it at that time.
Five consecutive drops! Oil prices fell 6% in a single week. Will the next two months be the key?
Standard Chartered Bank pointed out that May and June will be a critical period for whether petroleum fundamentals will be further tightened. At that time, inventories will decline at an accelerated pace, and global oil demand has reached a record high.
US “Catches Insiders”: Allegations that shale oil giants “collude” with OPEC to raise oil prices
The allegation concerns the oil and gas industry's biggest takeover in 20 years, and the prerequisite for the FTC's approval of the takeover was to ban the accused executive from joining the board of directors.
Vistra Corp. to Join S&P 500 Index, Replacing Pioneer Natural Resources
By Claudia Assis The power company's stock has gained 112% so far this year Texas-based Vistra Corp. is set to join the S&P 500 index before the opening bell Wednesday, index provider S&P Dow Jones
Vistra to Replace Pioneer Natural Resources on the Benchmark S&P Index
Exxon to Take up to Two Years to Hit Stride With Pioneer Purchase
Sector Update: Energy Stocks Down Friday Afternoon
Energy stocks were declining Friday afternoon, with the NYSE Energy Sector Index fractionally lower and the Energy Select Sector SPDR Fund (XLE) down 0.4%. The Philadelphia Oil Service Sector index wa
Top Midday Stories: Apple's Dividend, Buybacks Announcements; Amgen Obesity Drug Trial Results; Exxon Completes Pioneer Acquisition
Wall Street's major indexes all jumped on the heels of a softer-than-expected jobs report released Friday by the US Department of Labor. In company news, Apple (AAPL) reported fiscal Q2 diluted earnin
Don't Let the FTC Drama Distract You. Exxon Mobil Just Got a Huge Win. -- Barrons.com
By Avi Salzman The Federal Trade Commission made headlines this week when it barred a well-known Texas oil executive from joining Exxon Mobil's board, as a condition of the oil major's purchase of Pi
ExxonMobil issued a statement on May 3 announcing the completion of the acquisition of Pioneer Natural Resources. The statement said that the merged company has more than 1.4 million net acres of oil fields in Delaware and Midland Basins in the US and is
ExxonMobil issued a statement on May 3 announcing the completion of the acquisition of Pioneer Natural Resources. The statement said that the merged company has more than 1.4 million net acres of oil fields in Delaware and Midland Basins in the US and is estimated to have 16 billion barrels of oil equivalent resources. Based on production in 2023, ExxonMobil's production in the Permian Basin will more than double to 1.3 million barrels of oil equivalent per day and is expected to rise to about 2 million barrels of oil equivalent per day by 2027.
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