Is Oil Poised To Surge?
There are mixed driver’s for oil right now. Middle East tensions mean the risk of contagion on the region could impede global oil supply. An Iranian involvement in the Gaza/Israel conflict could send oil sharply higher.
oil
Crude Oil: Is The Next Price Surge Coming?
Some seasonal trends are counter-intuitive.
The price of crude oil is falling despite the start of the heating season in the fall. Would you have known?
How Will The OPEC+ Meeting Impact Oil?
Oil markets have been pushed and pulled around in recent days and weeks on the worries about supply with the Israel Hamas conflict and most recently on concerns regarding the collaboration of production levels within the OPEC+ group. The latest concern is Nigeria and Angola, having to accept a new baseline that reflects their actual production capabilities.
Oil bulls to fight bearish seasonal signal
The geopolitical crisis in the Middle East has been providing a boost for oil prices on speculative flows. The risk of a wider conflict could threaten the oil supply to the world and that has been the reason for sudden buyers to step into the oil market pushing prices higher.
Will Saudi’s production cuts buck oil’s weak seasonals?
Crude oil moved higher on Tuesday this week after Saudi Arabia and Russia both opted to extend their voluntary production cuts. Saudi extended its 1 million barrels per day cut for three months to include October until year end, which…
Seasonal slide for oil or is the bottom in?
At the latest OPEC+ meeting Saudi Energy Minister said OPEC+ will do "whatever is necessary" to support the oil market. Since the start of the year many analysts were optimistic about oil prices. China’s post Covid-19 recovery was ...
Seasonal Weakness in Oil Companies: The Summer Slump
Oil stocks used to be an easy investment choice due to a booming world population and the globalized economy's hunger for fossil fuels. Today, the oil and gas industry is much less stable. Recent surplus of crude oil and natural gas, as well as irregular demand patterns, have made the energy sector lag behind the broader stock market.
Time to pour oil on troubled waters?
There are a few reasons cited for oil markets to gain over the medium term. Russia’s oil ban from the EU comes into place on February 05 and China’s recent PMI prints showed a surprise expansionary print indicating strength in China’s…
Chevron earnings shove higher?
Chevron is a US energy integrated company with exploration and refining operations across the globe. It is the second largest US largest oil producer behind ExxonMobil. Now, oil markets have been relatively subdued over recent months which has been helping with…
US oil
US oil has some mixed drivers right now. The OPEC+ production cuts had been providing some support for oil alongside a weaker USD. Furthermore, the announcement of a 16 point property support plan for China could prop up more expectations…