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Occidental Petroleum Newsroom
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.
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.
Trump is reportedly set to ring the bell at the NYSE today. What does it signify?
① According to media reports, the USA's incoming president Trump will go to the NYSE on Thursday to ring the opening bell and deliver a speech; ② There are reports that Trump will be named Time Magazine's Person of the Year for 2024, but this has not yet been confirmed by Time; ③ Since Trump's announcement of victory, the three major US stock indices have risen repeatedly, with the market encouraged by promises of tax cuts and deregulation.
Oil Settles Up US$1 As EU Agrees Further Sanctions
Update: WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast
Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook
Oil Extends Gains After U.S. Crude Stocks Draw -- Market Talk
Market Climbs on CPI Inflation and Likelihood of Rate Cuts | Livestock
US Total Crude Oil Stocks Decline in Week Ended Dec. 6
Jim Cramer Says 'Keep Owning' This Energy Stock, Abbott Laboratories 'Legal Stuff' Is Behind Them
OPEC Cuts Forecast of Oil-demand Growth for 2024, 2025
OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay
Oil Prices Edge Higher on China Stimulus Hopes -- Market Talk
Signals of deregulation in the Energy industry? Trump: Invest 1 billion in the USA, your company can receive expedited government approval.
Trump posts that the expedited approvals and permits include but are not limited to environmental aspects. Comments suggest that fast tracking may help him achieve his goal of increasing Oil & Gas development and reducing regulations, which is what he referred to as "we need to drill" during the October campaign.
Occidental Petroleum Options Spot-On: On December 10th, 57,214 Contracts Were Traded, With 1.33 Million Open Interest
Market Falls Wednesday, but Googles Chip Impresses | WST
A Closer Look at Occidental Petroleum's Options Market Dynamics
Google's Quantum Chip Might Have Contacted Parallel Universes | Live Stock
Occidental Petroleum Price Target Lowered to $51 From $58 at UBS
Crude Futures Slip on Easing Geopolitical Risk Views -- Market Talk