WTI and Brent crude oil prices fell for a third straight session on Tuesday, with the US benchmark now at its lowest level in a year. First-month Nymex crude for January delivery closed the day -3.5% at $74.25/bbl, its lowest level in nearly a year, while February Brent crude ended at – 4% to $79.35/bbl, …
Oil markets are bearish but the decline is limited | OilPrice.com Read More »
Small-cap stocks are trading near a two-decade low against large-cap stocks. When the stock market rebounds next year, as many investment banking strategists expect, these smaller companies could outperform. Below is a screen of analyst favorite small cap stocks for 2023, taken from the S&P Small Cap 600 SML Index, that requires businesses to be …
The European Union again on Friday failed to reach an agreement over a cap on Russian oil prices, with the bloc’s easternmost members, including Poland, Estonia, Latvia and Lithuania, objecting that the proposed price of $60-70 a barrel for Russian crude is too generous and way above the rates that Russia currently sells crude. European …
China and India buy Russian crude at a 40% discount | OilPrice.com Read More »
The European Union again on Friday failed to reach an agreement over a cap on Russian oil prices, with the bloc’s easternmost members, including Poland, Estonia, Latvia and Lithuania, objecting that the proposed price of $60-70 a barrel for Russian crude is too generous and way above the rates that Russia currently sells crude. European …
China and India buy Russian crude at a 40% discount | OilPrice.com Read More »
A combination of rising Covid infections in China, uncertainty over the G7 oil price ceiling and a rise in oil inventories in the United States has driven oil prices lower this week. As oil prices climbed early Friday morning, the rise in bearish sentiment is palpable. Friday, November 25, 2022 With the oil price cap …
Bearish Sentiment Strengthens Once Again in Oil Markets | OilPrice.com Read More »
The days of explosive growth in US shale oil production are over. US oil production is increasing, but at a much slower pace than before the crash of 2020, and at lower rates than expected a few months ago. New shale patch priorities – capital discipline and a focus on shareholder returns and debt repayment …
We do not yet know if the recent rally triggers a new bull market in equities. But here’s a sure bet: once the new bull market is here, entirely different groups will lead. It will be with the old – think of the FAANGs – and with the new. To find out which new sectors …
It seems that the global economy has been in a state of continuous flux this year. The titles are repetitive to the point of being absurd. This uncertainty translated into high volatility that pushed the fear gauge, VIX, to a 150-day high last month. It still remains high (although down from its recent high), with …
Earlier this year, Mario Draghi, then Italian Prime Minister, floated the idea of big oil buyers banding together and standing up to OPEC+. The idea did not progress much beyond the floating stage because one obvious problem could not be ignored: OPEC would retaliate. Yet it seems that some ideas tend to be so appealing …
Growing anti-OPEC movement is disastrous for oil markets | OilPrice.com Read More »
