usa crude oil market lit up with a red light for the first time in nine months: warning of oversupply sounded!
The global oil market once again sends a warning signal of oversupply, with an important indicator in the usa crude oil market — the prompt price difference falling to a negative value for the first time.
Oil Steady After Biggest Gain in Over Five Weeks on Weak Dollar
Express News | Shares of Energy and Oil Stocks Are Trading Higher Amid a Rise in the Price of Oil, Which Gained on Russia-Ukraine Tensions and a Norway Oilfield Shutdown
Goldman Sees Short-Term Support for Oil; Supply, Tariffs May Add Pressure
Unusual Options Activity: TECK, WSC and Others Attract Market Bets, TECK V/OI Ratio Reaches 192.9
European Equities Traded in the US as American Depositary Rise in Monday Trading
Corteva, BP Plan Crop-Based Biofuel Feedstock Joint Venture
Corteva Announces A Collaboration With Bp On The Companies' Shared Intent To Form A Crop-Based Biofuel Feedstock Joint Venture; The JV Envisaged By Corteva And Bp Would Produce And Deliver Crop-Based Biofuel Feedstocks To Help Meet The Anticipated...
Crude Oil Ticks up as Russia-Ukraine Tensions Intensify, yet Bearish Undertone Persists
BP layoff, Shell revises plan, is the european energy giant giving up on the low-carbon path?
BP announced plans to sell its wind energy and cecep solar energy businesses and suspend 18 hydrogen projects. Shell has revised its low-carbon energy plans, including reducing floating offshore wind and hydrogen projects and lowering carbon reduction targets for 2030. They stated that they will focus on areas that can generate profits quickly.
Oil Stocks Have Been Hot Since Trump's Election. The Good Times Could End Soon. -- Barrons.com
TotalEnergies (TTE.US), bp plc (BP.US) and other energy giants join forces to invest $0.5 billion to promote energy acquisition.
Total, bp plc, Shell, and Equinor have announced a joint investment commitment of $0.5 billion aimed at increasing access to sustainable modern energy.
TotalEnergies, BP, Equinor and Shell Commit $500M Supporting UN Sustainable Development Goal
Oil Heads for Weekly Drop as Glut Concerns and Dollar Take Toll
Nymex Overview: Petroleum Futures Back Away From Early EIA-Inspired Gains -- OPIS
IEA warns: the global oil market will face a daily surplus of over one million barrels next year.
The International Energy Agency (IEA) has stated that due to the energy transition, the demand for petrochina in China continues to be weak, leading to a global oil market surplus of over 1 million barrels per day next year, thereby cushioning the impact of turmoil in the Middle East and other regions on oil prices.
IEA: Crude oil demand growth in 2024 may be halved, with a surplus of over one million barrels of crude oil expected every day next year.
In terms of demand, the IEA expects that this year, global oil consumption will increase by 0.92 million barrels per day, which is less than half of the growth rate in 2023. By 2025, demand will grow by 0.99 million barrels per day. However, the IEA predicts that supply growth will continue, with production from countries such as the usa, Brazil, Canada, and Guyana increasing by 1.5 million barrels per day this year and next.
WTI Crude's Bounce Not Enough To Break Bearish Bias, Says RHB
Top Gap Ups and Downs on Wednesday: SPOT, RIVN, STM and More
Oil Prices End Higher After Tapping a 2-Week Low