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Suspense heightened! OPEC officially announced the postponement of an important meeting, intensifying the battle between production cuts and increases.
The analysis pointed out that although the two meetings of OPEC+ were held online, their importance is very high, as they relate to the organization's oil production plans for the next year, which will have a huge impact on international oil prices and the revenues of member countries.
Struggling to move forward? After changing to an online meeting, the OPEC+ meeting has been postponed.
Representatives claim that the official reason for the postponed meeting is conflicting schedules of the ministers, do you believe it?
Trump's tariff plan angers many? US oil industry warns: rbob gasoline costs rise exacerbating consumer burden
① President-elect Trump of the usa threatens to impose a 25% tariff on products from Mexico and Canada, causing concerns in the oil rbob gasoline industry; ② U.S. refineries highly rely on crude oil imports. The American Petroleum Institute warns that tariffs will raise refining costs and gasoline prices, exacerbating consumer burden; ③ Analysts believe the likelihood of Trump implementing the tariff plan is small.
The Trump economic team may have internal discord, and the key agenda still needs the "understanding king" to make the final decision!
Analysts state that the Trump team's characterization of the economic policy as 'the opponent team' is almost accurate, and the strong opposition between Besant and Lutnik has been publicly reported.
Oil Prices Steady Amid US Gasoline Stock Build And OPEC+ Uncertainty
Natural Gas Prices Tumble Ahead of Wintry Weather -- WSJ
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Trump's Tariff Bombshell: Could U.S. Gas Prices Skyrocket?
OPEC+ faces a difficult decision: continue to cut production or face a sharp drop in oil prices?
According to forecasts, even if OPEC+ does not increase production next year, there will still be a large surplus in the oil market. If production cuts are maintained, some member countries may easily become discontented.
Chevron Inc. (CVX) Elliott Wave Technical Analysis [Video]
Chevron Placed on 'Positive Catalyst Watch' at Citi
BNP Paribas Exane Adjusts Price Target on Chevron to $178 From $159, Maintains Outperform Rating
Chevron-CalBio Announce Completion of RNG Facility in California
Express News | Caspian Pipeline Consortium: Exported Over 53 Mln T of Oil in Jan-Oct
The uncertainty of hess corp (HES.US) arbitration may be priced in by the market, and Citibank has upgraded chevron (CVX.US) rating to buy.
Citigroup upgraded Chevron (CVX.US) stocks to a buy rating, and included its stocks on the list of upward catalyst observations.
Goldman Sees 'Significant' Hit to US From Trump's Canada Tariffs
Trump's oil drilling plan leaves OPEC+ in a difficult position.
Trump's aggressive plan to significantly increase usa's oil production poses a "direct threat" to OPEC+'s market share.
Thanksgiving Travel Preview: AAA Expects Record Numbers, TSA Braces For Busiest Day Ever, Arctic Weather Blast
Energy Down as Oil Slump Continues -- Energy Roundup
Dow's 115-Point Rally Highlighted By Gains For Amazon.Com Inc., Walmart Shares