Yangtze Securities: Is it still worth allocating PetroChina, Sinopec, and CNOOC in the face of 'Trump trade' or US recession?
Many environmental factors have changed, leading to potential differences in the crude oil industry in Trump's next term compared to the previous one.
YPF SA | 6-K: Report of foreign private issuer (related to financial reporting)
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
YPF Sociedad Anónima Q2 Earnings Preview
U.S. Trade Deficit Recedes From 19-month High as Oil Exports Rise
Crude Oil Prices Trending Down – NAB Group
Express News | Shares of Oil and Gas Companies Are Trading Lower. The Sector Might Be Moving Amid Overall Market Weakness Due to Economic Slowdown Concerns Following Recent US Data, Which Could Negatively Impact Demand
Oil Price Sinks Despite Fears of Middle East Escalation -- WSJ
Oil Prices Fall on Demand Concerns as U.S. Data Points to Slowing Economy
WTI Falls to Near $73.00 Despite Rising Supply Risks Due to Middle East Tensions
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
Oil Rises on Middle East Tensions But Demand Concerns Linger
Poor prospects for supply and demand expectations led to a drop in oil prices to a two-month low.
Crude oil product showed a trend of first suppression and then rise overall this week (7.25-7.31).
OPEC+ Committee Says Committed To Current Oil Output Policy
Oil: Recent Price Action Is Associated With Global Macro Flows – TDS
Oil Prices Surge On Risk Of Broadening Middle East Conflict
Express News | U.S. Crude Futures Rise Nearly $1 to Intraday High of $75.71/bbl Following News of Hamas Chief's Death in Iran
Oil Rises After Industry Report Shows Another US Stockpile Draw
The Biden administration is seeking additional funds to bolster the petroleum reserves. The energy department only has 1.2 billion US dollars left in its account to purchase crude oil products.
The US Department of Energy has been slowly replenishing its global strategy petroleum reserves, which have decreased to an unprecedented low since the Russia-Ukraine conflict, reaching the lowest level in forty years.
Wall Street determines: Trump's bearish on oil prices.
Goldman Sachs and Citigroup both believe that Trump's tariff policy may bearish for oil prices. Goldman Sachs said that if tariffs severely affect the global economy, oil prices may fall by $11 to $19 per barrel next year.