The energy market remains volatile, Biden does not encourage Israel to attack Iranian oil fields.
President Biden of the USA is attempting to prevent Israel from attacking Iran's oil fields, while the USA hopes to influence Israeli Prime Minister Netanyahu's response to ballistic missile attacks and prevent the region from descending into full-scale war.
Goldman Sachs warns: If Iran's oil supply is disrupted, oil prices could soar by $20!
Goldman Sachs' global commodity research co-head stated that if Iran experiences a continuous daily production decline of 1 million barrels, it is expected that next year the oil price will peak at around $20 per barrel.
A Week Into October, Energy Stocks Are Leading the S&P 500 -- Barrons.com
Sharp rise! Why did oil prices finally 'react' this time?
If Haruk Island is attacked, it will take several months to repair the facilities even in the best case scenario. About 90% of Iran's exports go through these ports. In the event of such a situation, it is expected that oil prices will immediately surge by more than 10% and continue to rise.
Futu Morning Post | Fund managers are entering the Chinese stock market at a record speed! The 'China Dragon' ETF lands in the US stock market; foreign capital accelerates its positions! Morgan Stanley increases its shareholding in BYD and other companies
The size of the USA money market fund has reached a record $6.46 trillion; Biden's vague stance has sparked an energy storm, causing international oil prices to soar by over 5%; just after raising funds, OpenAI secured a $4 billion credit line, with liquid assets exceeding over $10 billion.
Oil prices rise more than 5%! Is Israel going to attack Iranian oil facilities? Biden: Currently discussing.
Analysts believe that the oil market is not vigilant enough about the imminent major supply disruptions. With Israel potentially planning retaliatory attacks against Iran, possibly targeting its oil infrastructure, this prospect could impact bearish energy market participants. Analysts believe that the ultimate impact on global oil supply-demand balance and prices depends on the extent of Israel's response, and whether they see any actual damage to Iran's oil industry.
Marathon Oil Is Maintained at Overweight by Barclays
Breaking the political deadlock, Libya fully restores oil production.
After resolving the political deadlock, Libya will resume oil production on Thursday, supplying hundreds of thousands of barrels of oil to the global market every day.
Breaking news! 15 fierce attacks, over 50 rockets, a large hole blown in the hangar... Middle East situation escalating, "full-scale war about to break out".
The tension in the Middle East has escalated.
Israeli soldiers were ambushed by Hezbollah! The military reported the first soldier killed in ground operations in Lebanon.
①Israel bombed the Lebanese capital Beirut again in the early hours of Thursday local time, resulting in at least six deaths; ②Prior to this, the Israeli army had just encountered the heaviest casualties in a year of conflicts between Lebanon and Israel on the southern border of Lebanon; ③The Israeli Defense Forces confirmed for the first time that eight soldiers were killed in ground military operations against Lebanon.
Barclays Maintains Marathon Oil(MRO.US) With Buy Rating, Maintains Target Price $34
OPEC+ maintains its plan to increase production starting in December. Saudi Arabia warns that failure to comply with the production cut agreement could cause oil prices to drop to $50.
Saudi Arabia named Iraq and Kazakhstan, these two countries have not fulfilled the production cut agreement. According to some delegates, the message from Saudi Arabia is that if there is no room in the market, increasing production is meaningless, and some people are better off stopping. Other oil-producing countries interpret Saudi Arabia's latest statement as a tacit threat, that if other countries do not adhere to the production cut agreement, Saudi Arabia is willing to launch a price war to protect its market share.
Barclays Maintains Marathon Oil(MRO.US) With Buy Rating, Cuts Target Price to $34
RBC Lowers Price Target on Marathon Oil to $34 From $36, Keeps Outperform Rating
Express News | Insiders: OPEC+ will maintain production policies unchanged at the group meeting.
Express News | Royal Bank of Canada: Marathon Oil's target price has been reduced from $36 to $34.
Iran has taken action, what does this mean for oil prices?
Iran launched missiles, escalating geopolitical tensions, overnight oil prices spiked then fell back. The mainstream market view still believes that the conflict will not expand into a full-scale war, similar to April this year, but in the long run, Israel's response will determine the trend of oil prices.
Iran warns of devastating blow if retaliated against, Israel may carry out major retaliation in the coming hours.
Iran launched the largest-ever missile attack on Israel overnight! Iran warns that any response from Israel will result in a devastating attack, with Prime Minister Netanyahu vowing to make them pay, and the usa is ready to defend Israel.
Marathon Oil Is Maintained at Equal-Weight by Wells Fargo
Shares of Energy Stocks Are Trading Higher Amid a Rise in Oil Prices After Iran Launched a Missile Attack on Israel.