Biden has banned new offshore oil drilling along the Atlantic and Pacific coasts of the USA, and it will be difficult for Trump to reverse this decision.
① Biden has permanently prohibited oil companies from obtaining new Oil & Gas drilling leases in approximately 0.625 billion acres of offshore waters; ② The US Energy industry has expressed dissatisfaction and called on Trump to use all tools to overturn this policy; ③ Due to legal restrictions, Trump finds it difficult to simply reverse Biden's decision, while some Republican politicians in coastal states also support this policy.
Oil prices have risen for five consecutive times, Energy stocks lead the rise in U.S. stocks. What is the market anticipating?
The rise in oil prices is mainly due to the market's expectation of the Trump administration's upcoming sanctions against Iran, Venezuela, and Russia, which will lead to a reduction in Global Crude Oil Product supply, causing Energy Stocks to strengthen and become the stocks with the largest increase this week.
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EIA Crude Oil Product inventories decreased by 1.178 million barrels month-on-month, a decrease lower than market expectations.
In the USA, commercial Crude Oil Product inventories excluding the Strategic Reserve decreased by 1.178 million barrels to 0.416 billion barrels, the lowest level since the week of September 20, 2024, with a decline of 0.28%.
2025 Crude Oil Product market outlook: Wall Street is pessimistic, and oil prices may head straight for 60 dollars?
① Due to the increase in global supply, many Wall Street Analysts believe that Crude Oil Product prices will show a downward trend in 2025; ② JPMorgan predicts that the average price of Brent Crude Oil will fall to $73 per barrel in 2025, while Bank of America forecasts that oil prices may drop to $65 per barrel in 2025; ③ The Organization of the Petroleum Exporting Countries (OPEC) may decide to increase Crude Oil Product supply in 2025.
Trump claims he wants to "bring down" oil prices? Experts warn that the USA will lose its Energy dominance.
① The USA's incoming president Trump promised to significantly reduce RBOB Gasoline prices after taking office, but Energy market experts warn that this move could end the USA's oil dominance; ② USA oil producers have reached record high production levels, and the Global oversupply of oil is currently driving down prices, which means that USA oil producers are also lacking the motivation to continue to significantly increase production.
The most bullish oil prices in four months! Traders focus on "Trump VS Iran".
Although oversupply puts pressure on the oil market in 2025, investors are still preparing for upside risks, primarily influenced by Trump's stance on Iran after returning to the White House, as well as the ongoing geopolitical risks.
A "historic cold wave" is about to hit, with USA Henry Hub Natural Gas Futures surging 24% during trading.
The outlook of the cold wave has sparked a buying frenzy, with USA Henry Hub Natural Gas Futures hitting the largest increase in over a decade, and the tension in the natural gas market may also stimulate short-term oil Consumer.
Cold weather exceeded expectations, USA Henry Hub Natural Gas Futures surged over 20% during trading, is inflation cooling down in jeopardy again?
On Monday during Regular Trading Hours, the NYMEX Henry Hub Natural Gas Futures February contract saw its intraday increase expand to 21%, reporting at $4.094 per million British thermal units. This is the largest increase for this contract since it began trading in 2012. Analysis suggests that higher natural gas prices may have macroeconomic implications, which could drive up inflation rates, while severe cold may also suppress Consumer spending in the USA.
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There are dark clouds ahead! The oil market in 2025 is more likely to be a "buyer’s market."
The supply and demand outlook for oil increasingly indicates that oil prices will face downward pressure next year...
Musk has made extensive arrangements! The era of Trump 2.0 is about to arrive, which may "ignite" the US stock market space Concept stocks.
Overall, with Trump's rise to power and Musk's increasing influence, USA space policy may shift towards commercialization. NASA may transition from a dominant governmental institution to a more flexible regulator, while commercial companies like SpaceX will gain increasing momentum in this process.
Year-end review of CSI Commodity Equity Index: Energy is under pressure, while cocoa and coffee beans become the "top commodities"! Will Precious Metals continue to attract investment heat in 2025?
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Covering for "allied" production cuts to evade sanctions? In November, Saudi Arabia became the largest buyer of Russian Crude Oil Product.
Since the European Union's ban on Russian oil took full effect in February last year, countries in Asia have become the largest buyers of Russian fuel oil and VGO. However, think tank data shows that in November, India's imports of Russian Crude Oil Product decreased significantly by 55% month-on-month, reaching the lowest level since June 2022.
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Midday Crude Oil Analysis: China's Crude Oil Product import volume has reached a record high, what kind of changes will the Global oil market face?
According to the latest customs statistics, China's Crude Oil Product imports reached a 15-month high in November, after which Brent Crude Oil Futures traded in Asia's early morning in......
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Afternoon Crude Oil Product analysis: The escalation of conflicts in the Middle East is driving up Crude Oil Product prices, what other market fluctuations have occurred?
Against the backdrop of escalating conflicts in the Middle East, Brent Crude Oil Product Futures rose in early morning Trade in Asia.