Brent crude futures surged over 4%! Chevron and Occidental Petroleum both rose over 2%, and Goldman Sachs emphasized that oil demand will expand due to the cold winter.
On Friday, influenced by the decline in USA Crude Oil Product inventories, the international crude oil price benchmark—Brent Futures price rose by over 2%, breaking through $78.5 per barrel.
Oil Remains Well Supported – ING
The "monsters" in the oil market are starting to retreat, and oil prices are about to reveal their true colors.
Algorithm traders who have been dominating the Crude Oil Product market are withdrawing, and traders focused on supply and demand fundamentals are expected to regain control.
Two major pieces of news have come from Trump! Within a few hours after the inauguration ceremony, Trump will accomplish these significant tasks.
According to a report from Bloomberg on Thursday (January 9), the recently elected president of the USA, Donald Trump, plans to issue a series of executive orders within a few hours after his inauguration ceremony on January 20, addressing issues such as immigration, Energy, federal employees, and regulatory reforms. This is part of his comprehensive effort to swiftly implement his policy agenda after taking office.
Texas Capital Securities Maintains EOG Resources(EOG.US) With Buy Rating, Cuts Target Price to $149
Oil Prices Grow Amid OPEC+ Decision to Extend Cuts – ING
Want to bring down oil prices? Trump's tough talk may have been premature!
The USA's Energy production is indeed expected to rise, but most of the growth will come from Henry Hub Natural Gas rather than oil.
Beware of these "four fires" on Trump's first day in office!
On the first day of Trump's presidency, significant actions will be taken on tariffs, Cryptos, Energy, and immigration issues.
A strong response to the 'Trump tariff threat'! Canada’s Energy Minister: The USA cannot find alternatives at all.
① The Canadian Minister of Energy, Jonathan Wilkinson, stated that Trump's claim that the USA does not need anything from Canada is "completely wrong." ② Wilkinson mentioned that the USA finds it difficult to find alternatives to Canadian Crude Oil Product, Uranium, and potash, and warned that trade retaliation measures, including export taxes, may be taken.
UBS Maintains EOG Resources(EOG.US) With Buy Rating, Raises Target Price to $165
EOG Resources' Q4 Cash Flow to Beat Estimates, 2025 Outlook in Line With Market Expectations, UBS Says
Energy Sector Goes From S&P 500's 'Worst to First' in 2025 Start
Express News | EOG Resources Inc : UBS Raises Target Price to $165 From $164
Oil: More Obstacles for Iranian Crude – ING
Express News | EOG Resources Says It Is Well Positioned in Dorado; Expects to Continue to Run One Rig in 2025 - Goldman Sachs Conf
Express News | EOG Resources Expects Natural Gas Demand to Increase by 20 to 24 Bln Cubic Feet per Day Over the Next Five Years - Goldman Sachs Conf
U.S. Natural Gas Futures Fall in Continued Volatility -- Market Talk
EOG Resources To Present At Goldman Sachs Conference; Webcast At 3:40 PM ET
Oil Price Rises at the Start of the Year – Commerzbank
Trade routes are being reshuffled, Global Crude Oil Product exports are declining! Who is the winner?
The global oil trade map is being redrawn, uncertainty and volatility have become the new normal, and 2019 was the last "normal" year...