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ProShares UltraShort Energy Newsroom
Major victory in the USA oil industry! Trump chooses oil company executive as energy secretary, and plans to use the Energy Commission to drive production.
Trump announced another important personnel appointment.
WTI Holds Steady Near $68.50, Renewed US Dollar Demand Might Cap Its Upside
IEA: Crude oil demand growth in 2024 may be halved, with a surplus of over one million barrels of crude oil expected every day next year.
In terms of demand, the IEA expects that this year, global oil consumption will increase by 0.92 million barrels per day, which is less than half of the growth rate in 2023. By 2025, demand will grow by 0.99 million barrels per day. However, the IEA predicts that supply growth will continue, with production from countries such as the usa, Brazil, Canada, and Guyana increasing by 1.5 million barrels per day this year and next.
WTI Crude's Bounce Not Enough To Break Bearish Bias, Says RHB
Afternoon crude oil analysis: The strong dollar is coming, with expectations of a global increase in oil inventories. Where will Brent crude oil prices head?
Due to the strengthening of the US dollar and expectations of an increase in global crude oil product inventories, Brent crude oil futures fell during the Asian morning trading session.
Crude oil futures prices stop falling, Trump's nomination of Secretary of State may lead to stricter sanctions against Iran.
Crude oil futures rose slightly on Wednesday, driven by short covering.
Crude Oil Trades Stuck at $68 Level Ahead of API Stockpile Data
Trump aims to trigger an oil boom, but oil giants indicate it is not that simple!
Analysts say that it is difficult for any president to change the direction of oil prices or rbob gasoline prices.
Oil Inches Higher But Demand Outlook Weighs on Sentiment -- Market Talk
Will oil prices drop to $40 next year? Wall Street is hotly debating this possibility.
Analysis suggests that if OPEC+ lifts its current production cuts in 2025, international oil prices could drop significantly by 40%, to around $40 per barrel. However, OPEC+ is more likely to opt for a gradual easing of the production cuts, rather than an immediate comprehensive removal of the cuts.
If OPEC+ cancels the voluntary production cut plan, what will happen? Analysis: Oil prices may be halved next year.
1. The agreement of OPEC+ member countries to reduce daily production of 2.2 million barrels of crude oil has been postponed until the end of December; 2. Market observers state that if the organization does not reach a genuine agreement to control production in the future, oil prices may fall to $30 or $40 per barrel next year; 3. According to forecasts, the organization is more likely to gradually phase out production cuts early next year, rather than immediately withdrawing completely.
Midday crude oil analysis: Oil prices are stable with upside potential, market focuses on usa EIA inventories and inflation data.
As of 12:00 Beijing time, the price of Brent crude oil 2501 block orders contract was $72.08 per barrel, up 19 cents from the settlement price on November 12, with the closing price of the contract that day up 6 cents from the previous trading day.
If OPEC+ lifts production cuts, oil prices could reach $30!
If OPEC+ lifts production cuts without considering demand, it would actually be equivalent to initiating a price war, competing for market share, and the excess supply may increase by nearly double.
Oil Steadies Near November Lows With Outlook for Demand in Focus
OPEC Trims Oil Demand Projections for Fourth Consecutive Month
US Government Buys Oil for Strategic Reserves yet Again – Commerzbank
Oil Trading Higher Even as OPEC Cuts Demand Forecast
OPEC transforms into a "oil bear"! Consistently lowering oil demand expectations for four consecutive months.
OPEC once again lowered the expected growth rate of oil demand for 2024 and 2025.
Crude Oil Finds Cushion Even as Traders Expect More Downside Under Trump
Crude oil analysis at noon: With the strong US dollar attacking, oil prices keep falling. Where will the energy market go under the new policies of Trump?
The strong US dollar is putting pressure on oil prices, adding uncertainty to Trump's policies... After the hurricane, energy giants are restarting production.