BP241004P34000
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BP PLC Newsroom
European Equities Traded in the US as American Depositary Receipts Open Week Lower
Weak demand + OPEC supply risks, the analyst has continuously lowered oil price forecasts for five consecutive months.
The analyst has reduced the forecast for oil prices in 2024 for the fifth consecutive month.
Middle East conflict escalates significantly! Goldman Sachs: Oil prices have not yet factored in geopolitical risks.
Oil bears currently hold a record position, and if the Strait of Hormuz is closed, the risk premium for oil prices may arrive, leading to a surge in oil prices. In addition, oil prices are also supported by global easing cycle, inventory growth, and positions and valuations at low levels.
Careful of soaring oil prices? Goldman Sachs warns: the oil market is completely unprepared for escalation in the Middle East conflict.
Goldman Sachs analyst lindsay Matcham stated that further escalation of the conflict may have a significant impact on the market, especially if the conflict involves the potential closure of the Strait of Hormuz, which could lead to a sharp rise in local oil prices; Goldman Sachs analyst lina Thomas, in another report, focused on outlining four short-term positive drivers in the crude oil product market, including mentioning Middle East trends.
BP Is Maintained at Equal-Weight by Wells Fargo
BP Analyst Ratings
Wells Fargo Maintains BP PLC(BP.US) With Hold Rating, Maintains Target Price $35
Wells Fargo Maintains BP PLC(BP.US) With Hold Rating, Cuts Target Price to $35
Price war again? It is rumored that OPEC+ will continue to increase production, causing a sharp 3% drop in oil prices!
OPEC+ plans to increase production by 0.18 million barrels per day in December, which is part of the process of easing production cuts.
Crude oil product analysis at noon: hurricanes, sanctions, Middle East turmoil, will oil prices make waves again?
Middle East tensions escalate, Brent crude oil futures prices slightly rise... Iraq, Jordan, and Egypt condemn Israel's "aggression"... Hurricane Helen approaching, usa Gulf of Mexico crude oil production greatly reduced...
Libya's supply concerns eased, international oil prices plummeted by 2%.
Signs indicate that Libya may soon resume production, leading to a significant and sustained drop in oil prices.
Express News | bp plc reduced personnel at Gulf of Mexico facilities under the impact of Hurricane Helene.
Express News | bp plc stated that it is working to safely increase production in its Gulf of Mexico portfolio.
Trinidad Taps Shell as Preferred Bidder for Shallow Water Block - Reuters
Dallas Fed Survey Says 3Q Oil and Gas Activity Eases as Outlooks Worsen -- OPIS
Shares of Oil and Gas Companies Are Trading Lower, Possibly as the Sector Pulls Back After Rallying on Tuesday Due to China Stimulus Efforts and Middle East Tension. Also, a Report Suggests That Rival Factions in Libya Have Resumed Talks.
Unusual Options Activity: AVTR, DG and Others Attract Market Bets, AVTR V/OI Ratio Reaches 200.0
EST Sep 25th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Florida, Georgia Brace for Expected Landfall of Major Hurricane on Thursday -- OPIS
European Equities Traded in the US as American Depositary Receipts Trend Lower Wednesday
BP Looking for Opportunities in India, to Hold Board Meeting