Due to concerns about demand outlook, Goldman Sachs has reduced its Brent crude price forecast range by $5 per barrel to $70-85. Similarly, Morgan Stanley has lowered its Q4 Brent crude price estimate by $5 to $80 per barrel and has revised down its global demand growth forecast from 1.2 million barrels per day to 1.1 million barrels per day. Jeff Currie, a former renowned commodity analyst at Goldman Sachs, ...
Occidental Petroleum exceeded Q2 revenue and EPS expectations, reporting $6.88 billion in revenue and $1.03 EPS, driven by higher production in the Permian Basin and Gulf of Mexico. Following the announcement, retail sentiment soared, with Stocktwits users turning 'extremely bullish'. The company, now 29% owned by Warren Buffett’s Berkshire Hathaway, also completed a $12 billion acquisition of CrownRock, expected t...
Pushing through the 161.26 resistance level after a little consolidation. Here are the level to watch if the push continues up. Larger Image: tradingview.com... $Emeren Group (SOL.US)$
Despite Russia significantly cutting crude oil production in June, the country's daily supply, along with that of Iraq and Kazakhstan, still exceeded the quotas set at the beginning of the year by tens of thousands of barrels. OPEC expects oil supply shortages in the coming months and in 2025, greater than this week’s US EIA predictions. OPEC predicts that third-quarter demand for OPEC+ crude will reach 43.6 million barrels per day, ...
US crude fell below $75 per barrel, and Brent crude fell below $79 per barrel following the OPEC+ meeting. OPEC+ revealed a detailed "exit from production cuts" roadmap, with Goldman Sachs calling it bearish for oil prices. Analysts suggest that given current high interest rates and increased production from non-OPEC+ countries like the US, the OPEC+ decision will gradually be negative for oil prices. Saudi Arabia and seven other countries can gra...
Emeren's financial resilience is evident in its positive cash flow and strong cash position, despite governmental delays. The company's ongoing share buybacks and strategic shift towards advanced-stage development and higher-return IPPs, along with accelerated monetization of its over 3 GW pipeline, suggest a promising 2024 outlook.
U.S. Crypto Concept Stocks U.S. Crypto Concept Stocks
Companies involved in the creation, trade, and services of digital forms of money.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S. Crypto Concept Stocks, ranked from highest to lowest based on real-time market data. Companies involved in the creation, trade, and services of digital forms of money.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S. Crypto Concept Stocks, ranked from highest to lowest based on real-time market data.
Yolion : is it too late to buy?