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Energy Select Sector SPDR Fund Newsroom
One bad news for oil bulls: OPEC+ "no more".
OPEC's control over the oil market is increasingly weakening, and if no action is taken, the organization's control may completely disappear.
Afternoon crude oil analysis: Brent crude oil futures prices have increased slightly, and the oil field in Kazakhstan remains shut down...
Kazakhstan's Deputy Minister of Energy, Alibek Zhamauov, stated on December 2nd that due to maintenance reasons, Kazakhstan's Tengiz oil field with a production capacity of 0.6 million barrels per day is still partially shut down.
OPEC's crude oil production capacity has expanded for two consecutive months, and the rhetoric of "overcapacity" is sweeping the oil market.
In November, the daily production increased by 0.12 million barrels; under pressure from allies, Iraq has been reducing production for three consecutive months.
OPEC+ Seen Prolonging Oil Output Cuts Through Q1 at Thursday's Meeting - Report
Spotlight on Chevron: Analyzing the Surge in Options Activity
Peering Into Kinder Morgan's Recent Short Interest
Peering Into ONEOK's Recent Short Interest
Sector Update: Energy Stocks Lean Lower Pre-Bell Monday
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Monday Ahead of Week Promising Crucial Economic Data
Leakage and terrorist attacks pose dual risks to the world's most important pipeline system.
The northern oil pipeline of the Druzhba system may experience a "leak", while the southern oil pipeline is troubled by terrorist threats.
Trump's Proposed Tariffs on Canada Could Push up Pump Prices, Whack Midwest Refiners
Key Deals This Week: EnLink Midstream, Peabody, StoneCo, UniCredit and More
OPEC 'Stuck Between a Rock and a Hard Place' as Planned Meeting Delayed
Barclays's 'Bang-for-the-buck' Tail Hedging ETFs: HYG, XLF, IYR
Barclays's Options Trading Ideas: Buy XLP, Rent XLF, Sell XLB
Sector Update: Energy Stocks Advance Friday
Donald Trump's Call for 'Energy Dominance' Is Likely to Run Into Real-world Limits
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Ahead of US Farm Prices Data
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.
(EOG) - Analyzing EOG Resources's Short Interest