J.P. Morgan: Reduced expectations for Crude Oil Product prices, with a significant reset of the price floor!
Under the leadership of the Trump administration, the USA Strategic Petroleum Reserve (SPR) no longer serves as a price support, with the expected price intervention floor set at $50.
Goldman Sachs Backs Long Gold, Short Oil Trade as Global Recession Fears Widen
Sector Update: Energy Stocks Rise Late Afternoon
OPEC Cuts Oil Demand Growth Outlook Amid Tariff-Related Uncertainties
Press Release: Ecopetrol and AES Colombia Sign an Agreement to Build the Jemeiwaa Ka'I Wind Cluster in La Guajira
OPEC Cuts Oil Demand Outlook Amid U.S. Tariff Hit Despite Surprise Output Hike -- Update
Gonwal Group: The sharp drop in oil prices highlights the expectation of zero demand growth this year, but it may be an overreaction.
The research director of Gongwal Group stated that oil prices plummeted to below $60 per barrel last Monday, reflecting the market's expectation of zero growth in oil demand this year, but it is likely an overreaction by the market.
Oil Demand Growth Forecast to Slow Down, UBS Says -- Market Talk
Trump's Tariff Backtrack: Tech Giants Set to Surge—Is It Time to Buy?
Oil Edges Higher As Traders Weigh Trump's Shifting Signals on Tariffs -- Market Talk
The trade war initiated by Trump is backfiring on the US Energy industry, leading the oil Industry to consider production cuts and layoffs.
Despite the USA President Trump shouting the energy slogan "Drill, baby, drill," the USA Shale Oil industry is facing the most severe crisis since the pandemic.
Oil Prices Likely Still Face Downside Risks -- Market Talk
Concerns Around Weaker Economic Growth, Rising Trade Tensions Weigh on Oil Sentiment, ANZ Research Says
The U.S. Energy Secretary stated that oil prices during Trump's administration will be lower than during Biden's term.
US Energy Secretary Chris Wright stated that energy prices during the Trump administration will be lower than those of the previous administration. Wright told reporters in Riyadh, the capital of Saudi Arabia: "In the next four years, we are almost certain to see average energy prices lower than those of the previous administration's four years." However, he declined to comment on specific price targets. Under Biden's leadership, the US often clashes with Saudi Arabia over energy policy, as the US believes that its requests to increase production and lower prices to address inflation have been ignored. Data shows that the average price of Crude Oil Product during Biden's term from 2017 to 2021 was about 8 per barrel.
Oil Declines Amid Uncertainty Over U.S. Tariff Policy -- Market Talk
Plunging Oil Prices Force U.S. Oil Industry to Consider Cutting Production, Jobs
Oil Rig Count Drops by 9; Crude Prices Head For Second Weekly Fall
Ecopetrol Declares $0.5202 Dividend
Oil Edges Down as Tariff Battle Between World's Two Largest Economies Heats Up
EIA Lowers Crude Price Forecast on Expectations of Weaker Global Oil Demand Growth