No Data
Middle East conflict escalates significantly! Goldman Sachs: Oil prices have not yet factored in geopolitical risks.
Oil bears currently hold a record position, and if the Strait of Hormuz is closed, the risk premium for oil prices may arrive, leading to a surge in oil prices. In addition, oil prices are also supported by global easing cycle, inventory growth, and positions and valuations at low levels.
Careful of soaring oil prices? Goldman Sachs warns: the oil market is completely unprepared for escalation in the Middle East conflict.
Goldman Sachs analyst lindsay Matcham stated that further escalation of the conflict may have a significant impact on the market, especially if the conflict involves the potential closure of the Strait of Hormuz, which could lead to a sharp rise in local oil prices; Goldman Sachs analyst lina Thomas, in another report, focused on outlining four short-term positive drivers in the crude oil product market, including mentioning Middle East trends.
Sector Update: Energy Stocks Slide in Late Afternoon Trading
Petrobras in Talks With Shell, Others for Stakes in African Oil Blocks
Express News | Petrobras CEO: The company plans to reopen the closed Roncador field wells in 2025 to produce henry hub natural gas.
Express News | Petrobras CEO: The company will reduce aviation fuel prices by nearly 10% starting in October. The next global strategy plan is expected to be released in November.