XOM241018C120000
- 2.00
- -2.35-54.02%
Exxon Mobil Newsroom
WTI plummeted nearly 5% at one point! Economists warned: Saudi Arabia may increase production to launch a battle for market share.
Previously, there were media reports that individuals familiar with Saudi Arabia's thinking revealed that Saudi Arabia will abandon the $100 per barrel oil price target and strive to resume oil production growth in December this year.
US stocks abnormal movement: oil & gas stocks generally fell, OPEC has lowered its oil demand growth expectations for three consecutive months.
October 15th, Gelonghui: Total Crash more than 4.7%, Shell, bp plc fall more than 3%, exxon mobil drops 2.8%, petroleo brasileiro sa petrobras sinks over 2.2%. On the news side, OPEC has cut its oil demand growth expectations for this year and next year by 0.1 million barrels/day, to 1.93 million barrels/day and 1.64 million barrels/day respectively, marking the third consecutive month of downward revisions in demand growth expectations. In addition, according to the Washington Post citing American officials, Israeli Prime Minister Netanyahu recently informed US President Biden in a call that Israel plans to strike military facilities in Iran, not oil facilities or nuclear facilities.
The sharp drop in oil prices has pushed down inflation expectations, with the 'global asset pricing anchor' falling back from its two-and-a-half-month high.
Crude oil futures prices fell sharply by over 5%, while USA 10-year Treasury bond prices saw the largest increase in two weeks.
Morgan Stanley Maintains Exxon Mobil(XOM.US) With Buy Rating, Cuts Target Price to $140
Morgan Stanley Adjusts Price Target on Exxon Mobil to $140 From $142
Crude Futures Sink As Risk Of Supply Disruption Fades -- Market Talk
J.P. Morgan Maintains Exxon Mobil(XOM.US) With Buy Rating, Raises Target Price to $128
Analysts Offer Insights on Energy Companies: Exxon Mobil (XOM) and Ampol Limited (OtherCTXAF)
Abnormal movement alert | US oil main contract fell by 5%, petroleum stocks fell before the market, Exxon Mobil, occidental petroleum fell by nearly 3%
IEA predicts that the oil market will be oversupplied in 2025, leading to a decrease in international oil prices and a general decline in petroleum stocks.
Express News | Crude oil fell below $70 per barrel for the first time since October 3rd.
"Oil spokespersons" collectively turn pessimistic! IEA warns that there will be "overcapacity" of oil supply by 2025.
The International Energy Agency (IEA) said on Tuesday that a significant surplus will appear in the world oil market in the new year.
JPMorgan raised the target price of Exxon Mobil and Freeport-McMoRan Copper.
Gelonghui October 15th|jpmorgan: Raised the target price of exxon mobil from $127 to $128, raised the target price of freeport-mcmoran copper from $53 to $55. (Gelonghui)
What to Expect From Exxon Mobil's Q3 2024 Earnings Report
Oil Plunges as Iran Supply Fears Ease, Global Demand Outlook Worsens
IEA: Oil market to be in oversupply by 2025
The latest monthly report from the IEA shows that if OPEC+ maintains production unchanged, the oil market will still be oversupplied by 2025.
IEA Trims Oil-Demand Forecast for Third Consecutive Month -- Update
Express News | Occidental Petroleum Down 2.3%
Express News | SLB Down 2.2%, Baker Hughes Down 4%
Express News | Exxon Mobil Down 2.2%, Chevron Down 2.1%
Express News | Shares of Oil Firms Slip in Premarket Trade as Oil Prices Drop Over 3%