Abnormal movement alert | US oil main contract fell by 5%, petroleum stocks fell before the market, Exxon Mobil, occidental petroleum fell by nearly 3%
IEA predicts that the oil market will be oversupplied in 2025, leading to a decrease in international oil prices and a general decline in petroleum stocks.
Raymond James Adjusts Chevron Price Target to $170 From $166
Crude Futures Sink As Risk Of Supply Disruption Fades -- Market Talk
Scotiabank Maintains Chevron(CVX.US) With Buy Rating, Maintains Target Price $163
Scotiabank Sticks to Its Buy Rating for Chevron (CVX)
Express News | Crude oil fell below $70 per barrel for the first time since October 3rd.
"Oil spokespersons" collectively turn pessimistic! IEA warns that there will be "overcapacity" of oil supply by 2025.
The International Energy Agency (IEA) said on Tuesday that a significant surplus will appear in the world oil market in the new year.
Oil Plunges as Iran Supply Fears Ease, Global Demand Outlook Worsens
IEA: Oil market to be in oversupply by 2025
The latest monthly report from the IEA shows that if OPEC+ maintains production unchanged, the oil market will still be oversupplied by 2025.
IEA Trims Oil-Demand Forecast for Third Consecutive Month -- Update
Express News | Occidental Petroleum Down 2.3%
Express News | SLB Down 2.2%, Baker Hughes Down 4%
Express News | Exxon Mobil Down 2.2%, Chevron Down 2.1%
Express News | Shares of Oil Firms Slip in Premarket Trade as Oil Prices Drop Over 3%
Express News | Petroleum stocks in the pre-market trading session in the U.S. are generally down, with Chevron, Exxon Mobil, ConocoPhillips, and Occidental Petroleum all falling more than 2%.
Midday crude oil analysis: OPEC lowers forecast for oil demand growth, oil prices may...
In early Asia trade, Brent crude oil futures continued to decline due to OPEC's downward revision of global oil demand growth forecasts.
The significant risks in November are undergoing crucial changes.
Less than a month away from the usa presidential election day on November 5th, the market is starting to price in the risks of the election results. Currently, Trump has regained a leading advantage, adding variables to the election. CICC believes that for subsequent assets, the overall bullishness of the election is favorable for US stocks but tariffs are unfavorable for chinese assets; the US dollar is relatively strong, gold is neutral, interest rates are rising; bulk commodities may benefit from expectations of Trump's stimulus.
Israel suddenly transmitted a heavyweight message: related to attacking Iran, oil prices plummeted in response!
On Tuesday (October 15), in the early Asian market, crude oil futures prices in the USA suddenly plummeted. Earlier reports stated that Israel might avoid attacking Iran's crude oil infrastructure, easing concerns about the tense situation in the Middle East.
Netanyahu says he will not strike Iranian oil or nuclear targets, causing oil prices to plummet!
The Washington Post cited informed officials as saying that Israel is giving up the prospect of bombing Iran's oil and nuclear facilities.
Here's What to Expect From Chevron Corporation's Next Earnings Report