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Goldman Sachs stated that oil price risks remain tilted significantly to the upside near-term. Under a severe Middle East disruption scenario, Brent could exceed $120 per barrel, driven by shipping a…
Sparta Commodities warns Brent crude could surpass $110 per barrel if disruptions in the Strait of Hormuz and Red Sea persist. Simultaneous shipping corridor risks and potential threats to Saudi infr…
The EIA raised diesel price forecasts, citing critically low distillate inventories below 100 million barrels—a multi-decade low. Ongoing Middle East disruptions shut in 6.7 million barrels per day i…
HSBC raised its crude oil price forecasts through 2027, projecting Brent to hit $95 per barrel in Q4. The bank cited prolonged Strait of Hormuz disruptions keeping the market in deficit, with tanker …
Strait of Hormuz shipping disruptions have escalated energy prices, driving strong earnings beats across integrated oil producers and lifting crude targets toward $90. Higher crack spreads benefit ma…
Iraq aims to increase crude oil production to 8–10 million barrels per day within six years. Supported by vast reserves, anti-corruption efforts, and TotalEnergies' $27-billion infrastructure project…
Citi and ANZ raised Brent crude price forecasts, with ANZ targeting $95 per barrel amid Middle East supply disruptions and Strait of Hormuz restrictions. Severe Persian Gulf supply losses continue de…
Piper Sandler raised price targets across energy majors and refiners, lifting Exxon Mobil to $185 and Chevron to $243. The bullish revisions reflect raised Brent crude forecasts of $88-$90 per barrel…
Saudi Arabia aims to replace over 1 million b/d of domestic oil consumption by 2030 using natural gas, renewables, and eventually nuclear power. Reducing domestic burn frees more crude for global exp…
OPEC+ is expected to hold its oil output policy steady for October following the completion of its phased cut rollbacks. Despite planned quota hikes, actual production remains constrained by geopolit…
Occidental Petroleum is seen as a near-term value trap due to expected lower oil prices, but a long-term bargain based on future cash flow growth and anticipated higher prices. Increased global suppl…
Exxon Mobil (XOM) dipped 0.4% as easing geopolitical tensions, reflected in Brent crude's drop, reduced supply disruption fears. Despite strong Q2 cash flow, XOM stock trades significantly above its …
Raymond James reduced earnings estimates across airlines due to surging jet fuel prices and elevated refining margins. While crude oil forecasts saw modest revisions, refining cracks have surged sign…
Morgan Stanley raised its Q4 Brent crude price target to $100 a barrel, projecting a prolonged market deficit through Q1 next year. Tighter supply, falling global inventories, fading U.S. SPR release…
Venezuela signed landmark oil deals with Hunt Oil and SLB, signalling a potential return of US investment. While positive for participating firms, this move could increase global oil supply, putting …
Geopolitical tensions in the Middle East are disrupting oil shipments, forcing key producers like Saudi Arabia to divert exports and Chinese refiners to seek alternatives. This has led to a tightenin…
Chevron is rallying as Brent crude prices surge past $93 per barrel due to geopolitical supply fears in the Middle East. While the company boasts record earnings and production, the stock is now trad…
Citi raised its Q3 Brent crude outlook to $80, citing delays in U.S.-Iran nuclear talks. Oil prices gained on Friday due to supply concerns and weak U.S. employment data, while the IEA warned of sign…
Goldman Sachs warns of unprecedented triple chokepoint crisis (Hormuz, Red Sea, Black Sea) squeezing oil flows. Persian Gulf exports dropped from 80% to 40% of normal. Brent could range $70-120/barre…
European bourses, led by GER40, rallied midday as easing geopolitical tensions in the Middle East caused a significant 5% drop in crude oil prices. Lower oil costs and reduced volatility (VSTOXX) boo…