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.
U.S. Drilling Rigs Edge Lower for Sixth Time in Seven Weeks, Baker Hughes Says
Price war again? It is rumored that OPEC+ will continue to increase production, causing a sharp 3% drop in oil prices!
OPEC+ plans to increase production by 0.18 million barrels per day in December, which is part of the process of easing production cuts.
Crude oil product analysis at noon: hurricanes, sanctions, Middle East turmoil, will oil prices make waves again?
Middle East tensions escalate, Brent crude oil futures prices slightly rise... Iraq, Jordan, and Egypt condemn Israel's "aggression"... Hurricane Helen approaching, usa Gulf of Mexico crude oil production greatly reduced...
Libya's supply concerns eased, international oil prices plummeted by 2%.
Signs indicate that Libya may soon resume production, leading to a significant and sustained drop in oil prices.
Oil and Gas Activity Eased in Q3 as Pessimism Reigns, Dallas Fed Survey Says
Crude Inventory Fell 4.5M Barrels for Week Ended Sep 20 - EIA
Negotiations to restart the crisis at the Central Bank of Libya, recent warming oil prices may return to decline.
The competitors of this OPEC country's government have differences regarding the central bank governor issue; the stalemate has led to a significant decrease in crude oil production, triggering a tense mediation.
Oil: The End of an Era – Rabobank
Midday crude oil analysis: OPEC calls for higher oil demand, what will be the future trend of crude oil?
Brent crude oil futures prices fall... China's central bank cuts interest rates and reserve requirements... Hurricane Helen approaches...
OPEC is optimistic on its own: highly bullish on long-term growth in oil demand
OPEC's latest annual outlook predicts strong growth in global oil demand will continue until 2050, but other participants in the market are far less optimistic about the demand outlook.
OPEC is highly bullish on long-term oil demand as IEA sings a different tune.
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees.
Peak Oil Demand Not on the Horizon, OPEC Says in Outlook to 2050
OPEC's global oil outlook for 2024: bullish on the oil market outlook, no demand peak in the short term.
①OPEC believes that some countries and companies may resist overly ambitious clean energy goals, and in addition, some global auto manufacturers have also adjusted their electrification goals, reducing investment in electric vehicles; ②OPEC expects global oil demand to reach 0.1189 billion barrels per day by 2045.
Peak Oil Demand Isn't on the Horizon, OPEC Says
Escalation in the Middle East Conflict Pushes up Oil Prices – Commerzbank
Bank of America warns: People who are shorting crude oil now are stepping into a "bear market trap"!
Bank of America Merrill Lynch pointed out that a pessimistic sentiment is brewing in the oil market, setting up a "bear market trap", investors should shift their focus to...
Crude oil analysis at noon: Hurricane strikes again, causing secondary disruption to oil production in the Gulf of Mexico.
Early trading Brent crude oil futures prices rose... Hurricane strikes again in the Gulf of Mexico, usa... China's crude oil import volume rebounds... South Sudan explores new routes for crude oil exports...
Bank of America warns: Oil bears are stepping into the "bear market trap"!
Analysts at Bank of America stated that the pessimism in the oil market has reached record levels, but the potential acceleration in global energy consumption may catch short sellers off guard.