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Occidental Petroleum Newsroom
Oil prices suddenly hit bearish news! OPEC has cut its oil demand outlook for the third time, and the expectation of "oversupply" may become a reality.
OPEC has continuously lowered the global oil demand growth rate forecast for three consecutive months; Iraq has significantly restricted production, approaching but still exceeding quotas.
Occidental Petroleum On Pace for Largest Percent Decrease Since October 2023 -- Data Talk
WTI plummeted nearly 5% at one point! Economists warned: Saudi Arabia may increase production to launch a battle for market share.
Previously, there were media reports that individuals familiar with Saudi Arabia's thinking revealed that Saudi Arabia will abandon the $100 per barrel oil price target and strive to resume oil production growth in December this year.
The sharp drop in oil prices has pushed down inflation expectations, with the 'global asset pricing anchor' falling back from its two-and-a-half-month high.
Crude oil futures prices fell sharply by over 5%, while USA 10-year Treasury bond prices saw the largest increase in two weeks.
Crude Futures Sink As Risk Of Supply Disruption Fades -- Market Talk
Daily short sale tracking: SoFi Technologies's short volume increased by 6 million, with a short sale ratio of 9%
SoFi Technologies(SOFI.US) ranked top of the list had the largest change in short volume (6.81 million shares), and the short volume ratio of Magnolia Oil & Gas(MGY.US) reached 38.78%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Goldman Sachs Adjusts Occidental Petroleum Price Target to $54 From $55, Maintains Neutral Rating
Abnormal movement alert | US oil main contract fell by 5%, petroleum stocks fell before the market, Exxon Mobil, occidental petroleum fell by nearly 3%
IEA predicts that the oil market will be oversupplied in 2025, leading to a decrease in international oil prices and a general decline in petroleum stocks.
Express News | Crude oil fell below $70 per barrel for the first time since October 3rd.
"Oil spokespersons" collectively turn pessimistic! IEA warns that there will be "overcapacity" of oil supply by 2025.
The International Energy Agency (IEA) said on Tuesday that a significant surplus will appear in the world oil market in the new year.
Oil Plunges as Iran Supply Fears Ease, Global Demand Outlook Worsens
IEA: Oil market to be in oversupply by 2025
The latest monthly report from the IEA shows that if OPEC+ maintains production unchanged, the oil market will still be oversupplied by 2025.
IEA Trims Oil-Demand Forecast for Third Consecutive Month -- Update
Express News | Occidental Petroleum Down 2.3%
Express News | SLB Down 2.2%, Baker Hughes Down 4%
Express News | Exxon Mobil Down 2.2%, Chevron Down 2.1%
Express News | Shares of Oil Firms Slip in Premarket Trade as Oil Prices Drop Over 3%
Express News | Petroleum stocks in the pre-market trading session in the U.S. are generally down, with Chevron, Exxon Mobil, ConocoPhillips, and Occidental Petroleum all falling more than 2%.
AI datacenter could become a new revenue engine! Amidst the global oil & gas stock plunge, tc energy (TRP.US) rose against the trend.
Canadian oil & gas giant tc energy (TRP.US) stood out from the entire US oil & gas sector, closing up 2.4% as of Monday's US stock market close.
Midday crude oil analysis: OPEC lowers forecast for oil demand growth, oil prices may...
In early Asia trade, Brent crude oil futures continued to decline due to OPEC's downward revision of global oil demand growth forecasts.