The oil market is trapped in a "continuous cut" mode: endless expectations and ongoing downward adjustments.

The oil market is experiencing a collapse of confidence. Major Institutions are continuously lowering their forecasts, and all signals are telling the market: it is not yet at the bottom.

Golden10 DataApr 18 12:12

The Strategic Petroleum Reserve inventories have increased for the 6th consecutive week! Is the USA buying Crude Oil Product at Low Stock Price?

As of the week ending April 11, the commercial Crude Oil Product inventory in the USA, excluding the strategic reserve, is the highest since the week of July 5, 2024, with an increase of 0.515 million barrels to 0.443 billion barrels, a growth rate of 0.12%.

Golden10 DataApr 16 22:42

IEA follows OPEC: global oil demand and supply growth in the USA will slow down!

The International Energy Agency has lowered its Crude Oil Product demand expectations, leading to a 13% drop in oil prices that could trigger a financial crisis for oil-producing countries. The prosperity of Shale Oil in the USA may come to an abrupt halt.

Golden10 DataApr 15 20:21

Under the shadow of the trade war, OPEC significantly lowered its forecast for Crude Oil Product demand over the next two years.

OPEC has lowered its oil demand growth forecasts for 2025 and 2026 by more than 0.1 million barrels per day, with expected demand growth for both years at 1.3 million barrels per day. Previously, the US Energy Information Administration (EIA) significantly reduced its 2025 growth forecast by 30% to 0.9 million barrels per day, while Goldman Sachs expects consumer growth to be only 0.5 million barrels per day. The International Energy Agency (IEA) will release its crude oil monthly report on Tuesday.

wallstreetcnApr 14 22:06

Goldman Sachs pours cold water again! Under the "double strangulation," will oil prices fall for an entire year?

As trade tensions escalate and the global economic growth outlook dims, along with OPEC+ potential production increases, Crude Oil Product bulls may be in for a tough time...

Golden10 DataApr 14 13:42

Goldman Sachs takes on the role of "the big short in crude oil": "oversupply" will persist in the long term, with Crude Oil projected to fall to 55 dollars in 2026.

Goldman Sachs has lowered its oil price forecast, emphasizing that the expectation of "supply surplus" will continue to pressure crude oil prices.

Zhitong FinanceApr 14 11:39