Chevron (CVX.US) CEO criticizes the US's suspension of approval for new LNG export projects and accuses Biden of 'damaging' energy security.
Chevron CEO Mike Wirth criticized the Biden administration's "attack on the natural gas" industry and the decision to stop issuing new liquefied natural gas export permits, stating that this will increase energy costs, threaten the supply of US allies, and increase emissions by slowing the transition from coal to natural gas.
Oil Prices Settle Up On Supply Shocks, Prospect Of U.S. Interest Rate Cuts
How to view the "historically pessimistic" oil price, goldman sachs: short but long!
Goldman Sachs expects that Brent crude oil will recover to $77 per barrel in the fourth quarter of this year, as the market's overly pessimistic sentiment towards oil demand improves and the OECD inventory remains slightly below normal levels, providing some support for oil prices. However, over time, the market's pessimistic expectations for supply and demand balance are gradually increasing, putting further pressure on oil prices next year.
Crude Oil Hovers Below $70 as Traders Focus on US Supply Disruptions, Fed Meeting
Oil Rises on U.S. Rate-Cut Expectations, Output Concerns -- Market Talk
Iraqi Prime Minister: Cost disputes delay the restart of important oil pipelines, prompting production to meet OPEC quotas.
The Iraqi Prime Minister said that the restart of the important oil pipeline in Iraq, which has been closed for over a year, is being hindered due to disagreements over the cost issue.
Citigroup Sees Brent Crude Rallying to $75/bbl, But Ending 2025 at $60/bbl -- OPIS
Goldman Says Forward-Looking Investors and Traders Behind Low Brent Prices -- OPIS
EOG Resources Is Maintained at Equal-Weight by Morgan Stanley
EOG Resources Analyst Ratings
Oil prices rebounded before the Federal Reserve interest rate decision, and it is feared that the bulls will have a difficult time causing a major storm.
Nearly 20% of crude oil production in the Gulf of Mexico in the United States has been halted, and with the imminent interest rate cut by the Federal Reserve, it has provided support for oil prices, but the market may still remain cautious.
Morgan Stanley Maintains EOG Resources(EOG.US) With Hold Rating, Cuts Target Price to $132
Morgan Stanley analyst Devin McDermott maintains $EOG Resources(EOG.US)$ with a hold rating, and adjusts the target price from $134 to $132.According to TipRanks data, the analyst has a success rate
Morgan Stanley Sticks to Its Hold Rating for EOG Resources (EOG)
Morgan Stanley Adjusts Price Target on EOG Resources to $132 From $134, Maintains Equalweight Rating
Mizuho Securities Maintains EOG Resources(EOG.US) With Buy Rating, Announces Target Price $148
Mizuho Securities analyst Nitin Kumar CFA maintains $EOG Resources(EOG.US)$ with a buy rating, and sets the target price at $148.According to TipRanks data, the analyst has a success rate of 58.6%
Express News | The expectation of a Fed rate cut and demand concerns coexist, limiting the rise in oil prices.
Express News | EOG Resources Inc : Jefferies Cuts Target Price to $148 From $157
After "getting the US bond right", BofA's Hartnett: gold hedge against "secondary inflation", the best "contrary trade" is oil and metals.
Hartnett believes that whether it is Harris or Trump who finally becomes the President of the United States, it will not change the trajectory of the expanding government debt and ballooning deficit in the United States. Therefore, the market will turn to gold in a flight-to-safety sentiment, and it is expected that the price of gold will rise to $3,000 per ounce.
An Intrinsic Calculation For EOG Resources, Inc. (NYSE:EOG) Suggests It's 48% Undervalued
Hurricanes Have Hammered Louisiana. Gas Exporters Are Still Thriving. -- WSJ