Middle East risks beginning to dissipate? Crude oil plunges more than 3% intraday.
Some analysts believe that the current increase in oil prices is based solely on expectations rather than actual supply disruptions, and the likelihood of Israel attacking Iranian oil infrastructure is low.
Sector Update: Energy Stocks Decline Premarket Tuesday
Express News | BP achieves the first LNG delivery to Zhejiang Energy Group.
Crude Oil Futures Pull Back After Rally -- Market Talk
Express News | Cosmos Energy: Arbitration with BP plc Natural Gas Marketing Department on the future liquefied natural gas sales of the Grand Tortue-Ahmeyim Project in Mauritania and Senegal.
Bear of the Day: BP (BP)
Call options are in high demand! With oil prices just reaching 80 USD, bulls are already envisioning it breaking 100.
1. Despite the global benchmark Brent crude oil just breaking through the $80 mark, many options traders have already begun to prepare for oil prices to "break 100"; 2. According to FactSet data, with oil prices soaring about 9% last week, traders in the oil options market have shown record interest in betting on call options for oil prices to rise to $100 per barrel.
Why Oil and Gas Markets Are Dreading the Risk of Supply Disruption in the Strait of Hormuz
Crude oil analysis at noon: oil prices are rising, market focuses on china's new stimulus direction...
In the early Asian trading session, Brent crude oil futures prices experienced a slight retreat after breaking through $80 per barrel on the previous trading day, with the market closely watching whether China will further introduce stimulus policies.
BP Scales Back Energy Transition In Favour Of Near-term Revenues
Middle East situation causes concern! Crude oil rises more than 3% to return to $80, just achieving the largest increase in a year and a half last week.
After last week's largest weekly increase since March 2023, international oil prices rose more than 3% on Monday amidst the gunfire. Investors are closely watching Israel's next steps and Iran's reaction to it.
TechnipFMC Wins Engineering Contract for BP's Kaskida Project in Gulf of Mexico
The Middle East conflict combined with the hurricane approaching, Brent oil rose above $80 for the first time in a month, while WTI crude oil surged over 4% at one point.
Over the weekend until Monday, Israel was successively attacked by missiles from Lebanon and Hamas. Hurricane Milton rapidly escalated to a category 5 hurricane in the Gulf of Mexico on Monday, threatening local fuel supply. The meteorological department warned that the Tampa area in Florida will face the most severe storm in over a century.
TechnipFMC Awarded Integrated Engineering, Procurement, Construction, And Installation Contract For Bp's Greenfield 20K Development In The Paleogene; Contract Valued Between $250M-$500M
European Equities Close Mostly Higher in Monday Trading; BP Scraps Plan to Cut Oil, Gas Output by 2030
Top Midday Stories: Chevron to Sell Some Canadian Assets for $6.5 Billion; Apollo to Acquire Barnes Group for $3.6 Billion
Bp Introduces EarnifyApp: Enhancing the Fuel and Convenience Store Experience
Market Chatter: BP Said to Scrap Oil Output Reduction Target; Middle East Expansion Planned
Express News | Sources: bp plc (BP.N) has abandoned its target to reduce oil & gas production by 2030 as CEO Murray Auchincloss scaled back the company's global strategy in energy transition to restore investor confidence.
A historic large-scale 'oil short squeeze' has just begun!
The well-known financial blog ZeroHedge stated that the historic crude oil short squeeze has just begun. Due to the historic imbalance in the market, record shorts have suddenly started seeking refuge, causing Brent crude oil prices to hit their largest increase in nearly two years.