Emeren Group Stock Discussion

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...

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...