Oil Headed for Weekly Gains as Sanctions Outlook Raises Supply Worries -- Market Talk

WSJDec 13 16:43

IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcnDec 12 20:35

Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level

FXStreetDec 12 20:34

[Brokerage Focus] HTSC raises KUNLUN ENERGY (00135) Target Price by 7.17%. Bullish on the company's long-term value reassessment.

Jinwu Financial News | HTSC issued a Research Report stating that KUNLUN ENERGY (00135) has completed the business model adjustment for most of its gas stations. The company is expected to experience a short-term impact on the growth rate of retail gas volume; however, it will benefit from the advantages of gas source market development and the trend of high-energy-consuming industries moving to the central and western regions. The medium- to long-term growth rate of retail gas volume is expected to outpace peers. The firm has adjusted the growth rate of retail gas volume for 2024-26 to +9.5%/+9.4%/+8.3% (previous values +10.3/+10.0/+9.6%). Considering the decrease in the proportion of sales from high-price gas stations and the relative stability of the industrial and commercial price difference, the firm expects.

Jingwu Finance NewsDec 12 15:40 · Ratings

Afternoon Crude Oil Product analysis: USA crude oil inventories have plummeted, can oil prices continue to rise?

The US Energy Information Administration (EIA) reported that for the week ending December 6, US Crude Oil Product inventories decreased by X thousand barrels...

Golden10 DataDec 12 13:07

OPEC has lowered the forecast for this year's global oil demand growth for the fifth consecutive month.

The oil organization (OPEC) released its monthly report, lowering the global oil demand growth forecast for this year for the fifth consecutive month, with the largest downward adjustment among the five revisions.

AASTOCKSDec 12 08:26