Petrobras, Ecopetrol Ordered to Halt Drilling Gas Well Offshore Colombia
Petroleo Brasileiro SA Petrobras | 6-K: Report of foreign private issuer (related to financial reporting)
Sector Update: Energy Stocks Rise Late Afternoon
Market Chatter: Petrobras Earmarks $3.6 Billion Investment for Rio De Janeiro Complex
IEA Warns of Significant Oversupply in the Oil Market Next Year – Commerzbank
Macquarie: The global oil market is expected to face "severe oversupply" by 2025.
According to the McKinsey supply and demand equilibrium forecast, the oil market will face a serious supply surplus in the next five quarters, triggering a situation similar to a 'price war', and oil prices may fall to around $50 per barrel.
Oil on Track for Weekly Gains After Global Benchmark's Dip Below $70 a Barrel
Demand expectations suffer another blow, WTI falls to a new low for the year.
This week (9.5-9.11), the overall crude oil price showed a downward trend. The average price of WTI this week is $67.72 per barrel, a decrease of $4.53 per barrel, or -6.27% compared to the previous week.
Pessimistic forecasts are emerging one after another! IEA lowered its oil demand forecast, and Citigroup and Morgan Stanley are also bearish.
The growth rate of oil demand has dropped to its lowest level since the epidemic.
Unusual Options Activity: GE, F and Others Attract Market Bets, GE V/OI Ratio Reaches 639.8
Oil Futures Extend Recovery From Lows -- Market Talk
Crude Oil Extends Rebound Amid Concerns About Impact of Francine Tropical Storm on US Production
Zhongtai Securities: The performance of the three major oil companies is impressive, and the fixed price supports the profit of Changsi.
The growth rate of the polyester filament industry is expected to slow down significantly in 2024. According to the statistics of Zhongtai Securities, the industry is expected to only add about 0.95 million tons of capacity in 2024. Considering the shutdown/reduction and elimination of some facilities, the actual increase in production may be even lower, and the overall capacity of the industry may have already reached its peak.
Oil Price to Average $60 in 2025, Citigroup Says
US Total Crude Oil Stocks Rebound in Week Ended Sept. 6
Oil: Slowing Demand Weighs on Prices – TDS
Oil Prices Bounce, Lifted by Drop in Crude Inventories and Hurricane Francine
Energy Stocks Erase 2024 Gains as Brent Dips Below US$70
Oil Rebounds Over 1% On Falling U.S. Crude Stocks And Storm Concerns
Worse than the financial crisis and the COVID-19 pandemic! Illustration: To what extent has the oil market collapsed?
① As global benchmark Brent crude oil fell below $70, oil prices have reached their lowest level since December 2021; ② In fact, what is even more alarming to market participants than the sharp decline in prices may be the popularity of the crude oil market.