WTI Falls to Near $73.00 Despite Rising Supply Risks Due to Middle East Tensions
Venture Global LNG Sues Kiewit for Sharing Confidential Information With Shell
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
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Oil Rises on Middle East Tensions But Demand Concerns Linger
Poor prospects for supply and demand expectations led to a drop in oil prices to a two-month low.
Crude oil product showed a trend of first suppression and then rise overall this week (7.25-7.31).
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Argus Research Initiates BP PLC(BP.US) With Hold Rating
BP Signs MOU With Iraq for Redevelopment at Kirkuk Oil, Gas Fields
Exxon and Chevron Report Earnings Soon. Here's What Shell Posted.
Shell Stock Is Rising. Earnings Set a Bar for Exxon, Chevron. -- Barrons.com
Bp and Iraq Agree to Explore Redevelopment in Kirkuk
Bp Expands Its Offering in European Gas, Power and Integrated Energy Solutions With the Acquisition of GETEC ENERGIE GmbH
CICC: Maintains the "outperform" rating of HSBC Holdings, raises the target price to HKD 87.3.
In its research report, CICC stated that due to HSBC Holdings (00005) bringing forward the timing of completing the disposal of its Argentine business to 2H24, it is expected that the related forex reserve loss of 5 billion US dollars will be accounted for in 2024E. However, as the bank has previously emphasized, this is only an internal adjustment of shareholder equity, which will not affect shareholder equity, capital adequacy ratio, or the company's dividend payments and buybacks. Based on this projected change, the bank has reduced its 2024E profit forecast by 17% to 22.051 billion US dollars, and raised its 2025E profit forecast by 33.0% to 21.82 billion US dollars. The bank maintains its view of HSBC as outperforming the industry.
Oil Prices Surge On Risk Of Broadening Middle East Conflict
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