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Suncor Energy Newsroom
International oil prices have entered a skyrocketing mode! Crude Oil once reached a new five-month high. What investment opportunities are there in Hong Kong and U.S. stocks?
The main driving force behind this round of oil price surge is the USA's new round of sanctions on the Russian energy sector. Additionally, concerns about Trump's tariff policy, the decline in US crude oil inventories, and cold wave weather have also helped oil prices return to an upward trend.
IEA Trims Oil-Demand Outlook, But Still Expects Stronger Growth This Year
Concerns over sanctions combined with a decline in USA oil inventories have caused US oil prices to rebound, while Brent crude returns to above $80.
After experiencing the largest decline in over a month, oil prices rose slightly due to the continued impact of USA's sanctions on Russian oil exports, and an Industry report indicated a decrease in USA oil inventories.
Trump will implement significant reforms and introduce an "Energy-dominance" executive order after taking office.
Trump is preparing a series of executive orders, and the policies regarding fossil fuels and electric Autos in the USA will undergo significant changes.
Oil Prices Retreat From Five-Month High Amid Gaza Ceasefire Talks
With Trump's imminent takeover, traders are betting on an increased likelihood of tariffs, causing Metal and oil prices in the USA to soar.
In recent weeks, the prices of metals such as Copper, Silver, and Platinum have diverged between London and New York, while the oil price difference between the USA and Canada has also widened.
U.S. Forecasts Sliding Oil Prices -- Barrons.com
CPI Data, Oil Inventories Take Center Stage Wednesday
Oil Prices Pull Back After Rising to Their Highest Since August on Russia Sanctions
Oil Broadly Unchanged as U.S. Sanctions Remain in Focus -- Market Talk
Oil Prices Are on a Tear. It's a Short-Term Headache for Inflation
Oil prices have reached a five-month high! Is the power of the 'strictest sanctions' against Russian oil really this significant?
① As the USA government implemented the broadest sanctions so far on Russia's Oil & Gas revenues last week, the rise in oil prices seems to be becoming unstoppable... ② Following a nearly 4% surge last Friday, Brent Crude Oil rose again on Monday by about 1.43%, pushing the settlement price of Brent to over $81, with intraday prices reaching a new high of $81.68 in over five months.
WTI Crude Surges Above US$78, Targeting US$80 Resistance
USA sanctions against Russia have led to a tightening of transportation capacity, causing a surge in tanker freight rates.
Ship brokers and traders have stated that after the USA expanded sanctions on Russian oil trade, tanker freight rates have skyrocketed.
The USA's reliance on Saudi oil is coming to an end.
The Energy market will no longer be a constraint on the USA's foreign policy in the Middle East.
On the eve of Trump's inauguration, Biden 'ignited' oil prices.
The International Energy Agency had previously predicted that in 2024, there would be a surplus of nearly 1 million barrels per day in the Global oil supply, but the sanctions imposed by the Biden administration on Russian oil could nullify this surplus. The Biden administration had previously announced a significant expansion of the sanctions list for tankers transporting Russian oil, bringing the total to 270 vessels.
The largest Energy IPO in over a decade! USA LNG company Venture Global seeks a valuation of 110 billion dollars.
According to the documents submitted by Venture Global, the company plans to issue 50 million shares of Stocks at a maximum price of $46 per share, raising up to $2.3 billion. Under Trump's possible New energy Fund policies, LNG developers are expected to be one of the biggest beneficiaries.
A five-month high! Amidst a chorus of bearish voices, oil prices continue to rise.
The market previously widely expected that there would be a significant oversupply in the Crude Oil Product market this year, and that oil prices would remain stable or weaken. However, with the USA announcing a new round of sanctions on the Russian Energy sector, the market outlook became complex, compounded by concerns over Trump's tariff policy, leading to rising oil prices for consecutive days.
US and Canada Energy Stocks Diverge as Alberta Warns on Oil Tariffs
Suncor Energy Inc. Stock Outperforms Market Despite Losses On The Day