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.
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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.
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Negotiations to restart the crisis at the Central Bank of Libya, recent warming oil prices may return to decline.
The competitors of this OPEC country's government have differences regarding the central bank governor issue; the stalemate has led to a significant decrease in crude oil production, triggering a tense mediation.
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Midday crude oil analysis: OPEC calls for higher oil demand, what will be the future trend of crude oil?
Brent crude oil futures prices fall... China's central bank cuts interest rates and reserve requirements... Hurricane Helen approaches...
OPEC is optimistic on its own: highly bullish on long-term growth in oil demand
OPEC's latest annual outlook predicts strong growth in global oil demand will continue until 2050, but other participants in the market are far less optimistic about the demand outlook.