Behind the sharp drop in oil prices, jpmorgan's "perplexion": Where did the sudden emergence of 45 million barrels of oil come from?
JPMorgan believes that global crude oil inventories are underestimated as a key factor. The additional inventory may be stored in underground facilities, making it difficult for satellite monitoring companies to accurately track specific changes. Oil industry expert Ilia Bouchouev states that when estimating crude oil supply and demand data, investors are like groping in the dark, making it difficult to obtain precise results.
After the usa election, tensions with Iran may escalate, causing oil prices to soar.
Standard Chartered Bank warns that the market has "relaxed too quickly" regarding the risks in the Middle East, and the two months before the US presidential inauguration on January 20 is a potential period of escalating conflicts.
Oil prices have fallen nearly 20% in the past three months! Will OPEC+ dare to take action?
Citigroup and JPMorgan have already forecasted that oil prices will fall to the range of $60 next year, and if OPEC+ opens the "tap", prices could even be lower.
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International oil prices plummeted in the short term! Hong Kong petroleum stocks weakened against the trend, with the 'Big Three Oil Companies' falling more than 2%.
①International oil prices plummeted in the short term, how is the medium to long-term market outlook? ②Hong Kong petroleum stocks weakened against the trend, what risks should be particularly noted?
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Crude oil plummeted! The worst in over two years, Citigroup lowered its oil price target, but some warn that Iran may retaliate.
Citigroup said that the market is unlikely to consider that recent military actions in Israel will impact the escalation of crude oil supply issues. However, some industry insiders also point out that it cannot be ruled out that Iran may retaliate in the coming weeks, which will lead to a renewed risk premium in the crude oil market.
With the dissipation of Iran risks, a large number of crude oil options became worthless overnight.
The sharp drop in oil prices has suppressed the urge to prevent price spikes, and most of the previously hastily placed options contracts betting on rising oil prices are now worthless.
Oil Prices Are Tanking. Here's What May Happen Next. -- Barrons.com
Sector Update: Energy
Express News | TotalEnergies signed an agreement to develop a green hydrogen energy project in Morocco.
Oil Prices Slide After Israeli Strike Avoids Iranian Energy Facilities -- WSJ
QatarEnergy Takes 50% Stake in TotalEnergies' Iraq Solar Project
Plunging! Is the oil price now on the edge of a cliff?
The geopolitical risk premium of crude oil product has sharply cooled down, there is a risk of collapse in oil prices, and the eventual "bottom" may even be as low as $30...