Market Chatter: TotalEnergies Planning a $750 Million Gas Project in Nigeria
Express News | Santander upgraded Total Group's rating to overweight, with a target price of 68 euros.
Suspense heightened! OPEC officially announced the postponement of an important meeting, intensifying the battle between production cuts and increases.
The analysis pointed out that although the two meetings of OPEC+ were held online, their importance is very high, as they relate to the organization's oil production plans for the next year, which will have a huge impact on international oil prices and the revenues of member countries.
Struggling to move forward? After changing to an online meeting, the OPEC+ meeting has been postponed.
Representatives claim that the official reason for the postponed meeting is conflicting schedules of the ministers, do you believe it?
Trump's tariff plan angers many? US oil industry warns: rbob gasoline costs rise exacerbating consumer burden
① President-elect Trump of the usa threatens to impose a 25% tariff on products from Mexico and Canada, causing concerns in the oil rbob gasoline industry; ② U.S. refineries highly rely on crude oil imports. The American Petroleum Institute warns that tariffs will raise refining costs and gasoline prices, exacerbating consumer burden; ③ Analysts believe the likelihood of Trump implementing the tariff plan is small.
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OPEC+ faces a difficult decision: continue to cut production or face a sharp drop in oil prices?
According to forecasts, even if OPEC+ does not increase production next year, there will still be a large surplus in the oil market. If production cuts are maintained, some member countries may easily become discontented.
BNP Paribas Downgrades TotalEnergies to Neutral, Trims PT
Goldman Sees 'Significant' Hit to US From Trump's Canada Tariffs
Total CEO: Suspended offshore wind power project on the New York coast after Trump's election victory.
On November 27, Glonghui reported that Patrick Pouyanne, CEO of French Total, stated on Tuesday that the company has suspended the development of offshore wind farms on the New York coast following Trump's victory in the usa presidential election. This French energy group established a joint venture in October 2023 to develop the Attentive Energy offshore wind project on the New York coast. Pouyanne mentioned that the company decided to suspend this offshore wind project because all offshore wind projects are in Democratic states, and better results will be seen in four years. Total holds Attentive.
Trump's oil drilling plan leaves OPEC+ in a difficult position.
Trump's aggressive plan to significantly increase usa's oil production poses a "direct threat" to OPEC+'s market share.
Sector Update: Energy Stocks Softer in Late Afternoon Trading
Sector Update: Energy
Total Stops Planned New York Offshore Wind Farm After Trump Win
TotalEnergies Suspends Adani Green Investment, Awaiting Clarity on Bribery Case, Says CEO
Market Chatter: TotalEnergies Pauses Development of US Offshore Wind Farm After Trump's Election Victory
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TotalEnergies Pauses Development of US Offshore Wind Farm Following Trump's Election Victory, Reuters Reports