IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcn06:42 ET

Consumer Finance Watchdog Caps Bank Overdraft Fees

Seeking Alpha06:14 ET

The largest Crude Oil Product supply agreement between India and Russia is coming! It is reported that Reliance will purchase 0.5 million barrels of Russian oil daily.

① The Russian state-owned oil company Rosneft is reportedly set to supply nearly 0.5 million barrels of Crude Oil Product per day to India's Reliance Industries; ② This agreement will last for 10 years, with an annual supply accounting for 0.5% of the Global market, valued at 13 billion dollars based on current oil prices. ③ This will be the largest Energy cooperation agreement in the history of India and Russia.

cls.cn04:13 ET

The "Walmart recession signal" has turned on the red light; is the recession really coming?

Analysis suggests that the current "Walmart recession signal" cannot accurately indicate a recession. First, there is controversy over the selection of the Index used. Second, the trend in the Luxury Goods Industry has shifted, putting overall pressure on the Industry. Third, Walmart's own Business model is continuously evolving, starting to shift toward expanding high-margin Business.

wallstreetcn01:46 ET

The demand for AI in Electrical Utilities is strong, and even ExxonMobil wants a piece of the action.

Exxon Mobil plans to build a large Henry Hub Natural Gas power plant to directly supply power to the Datacenter and use advanced technology to capture more than 90% of the plant's carbon emissions. Analysis suggests that Exxon Mobil views the growing electrical utilities demand from Datacenters as an opportunity for the company to enter the Industry.

wallstreetcn01:12 ET

Exxon Unveils Low-carbon Plan to Power Data Centers; Eyes $140B in Permian Basin Capex

Seeking Alpha22:50 ET