Market concerns are being triggered by the poor implementation of production cuts. OPEC+ urges member countries to make up for quota cheating.
In the effort to support the global oil market, OPEC+ is pushing member countries to make up for cheating on supply quotas. However, there is little indication that they are changing.
Saudi Arabia's non-oil PMI index in June hit a new two-year low, while the UAE hit a new 16-month low.
1. In Saudi Arabia, the non-oil private sector PMI index fell to 55.0 in June, the lowest level since January 2022; 2. In the UAE, the growth of non-oil private sector has slowed to a 16-month low.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0112 GMT - AGL Energy should continue to benefit from higher pow
Unpacking the Latest Options Trading Trends in Occidental Petroleum
Deep-pocketed investors have adopted a bearish approach towards Occidental Petroleum (NYSE:OXY), and it's something market players shouldn't ignore.
Express News | Occidental Petroleum Corp : BMO Raises Target Price to $75 From $73
Occidental Petroleum Options Spot-On: On July 2nd, 72,293 Contracts Were Traded, With 906.33K Open Interest
On July 2nd ET, $Occidental Petroleum(OXY.US)$ had active options trading, with a total trading volume of 72,293 options for the day, of which put options accounted for 36.66% of the total transaction
Occidental to Announce Second Quarter Results Wednesday, August 7, 2024; Hold Conference Call Thursday, August 8, 2024
Occidental (NYSE:OXY) will announce its second quarter 2024 financial results after close of market on Wednesday, August 7, 2024, and will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m. Central.
Analysts Expect 30 Billion-Cubic-Foot Rise in U.S. Natural Gas Inventories
Natural gas inventories likely rose at a slower-than-usual pace last week as hot weather in large parts of the U.S. drove a double-digit increase in power-sector demand, shrinking the U.S. surplus of the fuel.
Unusual Options Activity: AAL, LVS and Others Attract Market Bets, AAL V/OI Ratio Reaches 250.0
EST Jul 2nd Afternoon Delivery - In the last two hours of trading, 6 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Oil Market Turns to the Upside – TDS
Oil market upside is being driven by Commodity Trading Advisors (CTA) flows yet again, TD Securities Senior Commodity Strategist Ryan McKay notes.
Occidental Petroleum (OXY.US) will release its financial report after market close on August 7th.
Occidental Petroleum (OXY.US) will release its financial report after market close on August 7th. How was the performance before this? In Q1 2024, the revenue was USD 5.975 billion, net income was USD 888 million, and eps was USD 0.75. In Q2 2023, the revenue was USD 6.702 billion, net income was USD 860 million, and eps was USD 0.63. The above data is based on the US_GAAP accounting principle. Note: 1. There is no strict regulation on the division of accounting year for listed companies in Hong Kong and the United States, and it is completely decided by enterprises.
Don't ignore the situation in the Middle East! Analysts warn that oil prices may break through the $90 mark.
Dao Ming Securities pointed out that the tension in the Middle East "has been proven to be the main driving force behind the recent rise in oil prices", but…
Oil Prices Rise as Traders Continue to Bet on Market Tightening
0800 GMT - Oil prices rise after closing higher for the third consecutive week on Friday. Brent crude is up 0.7% to $85.59 a barrel, while WTI trades 0.8% higher to $82.17 a barrel. Expectations for a
A Closer Look at Occidental Petroleum's Options Market Dynamics
Investors with a lot of money to spend have taken a bullish stance on Occidental Petroleum (NYSE:OXY).
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
U.S. Senate Committee Probes Big Oil on Suspected Collusion With OPEC -- Market Talk
0917 GMT - The U.S. Senate budget committee is investigating whether 18 oil producers--including BP, Chevron, Shell, ExxonMobil, Hess, Occidental Petroleum and ConocoPhillips--might be illegally coord
Futu Early Report | The first debate of the 2024 US election is about to begin! Focusing on these four major issues; all eyes on it! The Federal Reserve's favorite inflation indicators will be released tonight.
Bowman reiterated that he is not prepared to cut interest rates until more pronounced inflation recedes; Bank of America: If the yen falls to 164.5, the risk of Japanese authorities intervening in the market will increase; The US Senate committee has launched an investigation into 18 oil producers.
Crude oil product closed unexpectedly high due to price constraints caused by unexpected increase in US oil inventories and worries of supply interruptions in the Middle East.
On Thursday (June 27th), due to increasing geopolitical tensions in the Middle East and Europe, the market is concerned about a possible global crude oil supply disruption. Meanwhile, unexpected increases in crude oil and RBOB gasoline inventories in the US put upward pressure on prices, and crude oil futures rose at the close on Thursday.
Unusual Options Activity: CVS, DKNG and Others Attract Market Bets, CVS V/OI Ratio Reaches 137.5
EST Jun 27th Morning Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Is the surge in global oil benchmark prices just a fleeting moment as USA oil enters the market?
With the influx of oil from the USA, the unexpected upward momentum of the world's most important oil price benchmark may ease.