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1. Oil price shocks can have a positive correlation with GDP. The impact of rising oil prices depends on the source of the shock, and economies can absorb shocks over time.
2. Rising crude oil prices have caused global energy prices to increase, pushing CPI inflation up to 5%. This will result in a 1%-pt shock with a 4%ar increase in 2H23 CPI inflation.
3. Some of the move owes to stronger demand, but a larger supply shock will be...
1. Oil price shocks can have a positive correlation with GDP. The impact of rising oil prices depends on the source of the shock, and economies can absorb shocks over time.
2. Rising crude oil prices have caused global energy prices to increase, pushing CPI inflation up to 5%. This will result in a 1%-pt shock with a 4%ar increase in 2H23 CPI inflation.
3. Some of the move owes to stronger demand, but a larger supply shock will be...
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that's the reason why we should try to stop using fossil fuels as quickly as possible. we are giving a substantial amount of control of our country to other people as far as fossil fuels go
1 - Oil's volatility has plummeted to the lowest since 2020 as market participants are on holiday and liquidity has dropped.
2 - Beware that volatility could pick up if Hurricane Idalia hits and impacts US oil supply.
3 - Technical trading could pick up if oil volatility drops below 20%, which is when traders suggest they will stop shorting volatility. That could signal bigger swings in prices and more activity in options' (Source: Bl...
2 - Beware that volatility could pick up if Hurricane Idalia hits and impacts US oil supply.
3 - Technical trading could pick up if oil volatility drops below 20%, which is when traders suggest they will stop shorting volatility. That could signal bigger swings in prices and more activity in options' (Source: Bl...
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Electricity and gas prices have been inflation drivers. Here's why their prices could spike again, and then fall.
Oil supply is likely to rise from Iran, Iraq, Venezuela. While Chinese oil imports dropped, and demand could weaken again. Plus, Chinese oil giant Sinopec, $Sinopec Shanghai Petrochemical(SHIIY.US$ thinks oil demand will peak this year, amid surging EV demand.
But, oil prices could lift in the short term, if...
Oil supply is likely to rise from Iran, Iraq, Venezuela. While Chinese oil imports dropped, and demand could weaken again. Plus, Chinese oil giant Sinopec, $Sinopec Shanghai Petrochemical(SHIIY.US$ thinks oil demand will peak this year, amid surging EV demand.
But, oil prices could lift in the short term, if...
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Wall Street's main indexes were set for a subdued open on Tuesday as investors assessed chances of the Federal Reserve holding interest rate at its meeting next week, with mixed data adding to uncertainty around the policy outlook.
The U.S. services sector barely grew in May as new orders slowed, data on Monday showed, pushing a measure of prices paid by businesses for inputs to a three-year low.
While that signaled the Fed's...
The U.S. services sector barely grew in May as new orders slowed, data on Monday showed, pushing a measure of prices paid by businesses for inputs to a three-year low.
While that signaled the Fed's...
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Saudi Arabia has now voluntarily cut 1.5 million barriers per day of oil production this year.
OPEC has cut over 2 million barrels per day this year.
In total, OPEC has now cut 3.7 million barrels per day of production since 2022.
This is 4% of the entire GLOBAL demand.
Interestingly, a third of these cuts came as a “surprise cut.”
They also come as the US has publicly stated it wants to refill its reserves.
The energy crisis is real.
$Camber Energy(CEI.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Occidental Petroleum(OXY.US$ $Exxon Mobil(XOM.US$
OPEC has cut over 2 million barrels per day this year.
In total, OPEC has now cut 3.7 million barrels per day of production since 2022.
This is 4% of the entire GLOBAL demand.
Interestingly, a third of these cuts came as a “surprise cut.”
They also come as the US has publicly stated it wants to refill its reserves.
The energy crisis is real.
$Camber Energy(CEI.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Occidental Petroleum(OXY.US$ $Exxon Mobil(XOM.US$
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OPEC+ pumps approximately 40% of the world’s crude and policy decisions can have a significant impact on prices.
The world’s top oil exporter Saudi Arabia announced further voluntary output cuts which will be implemented from July.
The kingdom’s output will decline to 9 million barrels per day from around 10 million barrels in May, Saudi’s energy ministry said in a statement. $Occidental Petroleum(OXY.US$ $Imperial Petroleum(IMPP.US$ $Chevron(CVX.US$ $Exxon Mobil(XOM.US$
The world’s top oil exporter Saudi Arabia announced further voluntary output cuts which will be implemented from July.
The kingdom’s output will decline to 9 million barrels per day from around 10 million barrels in May, Saudi’s energy ministry said in a statement. $Occidental Petroleum(OXY.US$ $Imperial Petroleum(IMPP.US$ $Chevron(CVX.US$ $Exxon Mobil(XOM.US$
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1. Saudi Arabia to extend 500K barrel per day cuts until 2024
2. Saudi Arabia to cut an additional 1 million barrels per day voluntarily
3. Iraq to extend 211K barrels per day cuts until 2024
4. Russia to extend voluntary production cuts until 2024
5. OPEC agrees to new production target of 40.5 million barrels per day
This comes after Saudi Arabia told oil short sellers to “watch out.”
OPEC is not messing around. $S&P 500 Index(.SPX.US$ $Occidental Petroleum(OXY.US$ $Imperial Petroleum(IMPP.US$
2. Saudi Arabia to cut an additional 1 million barrels per day voluntarily
3. Iraq to extend 211K barrels per day cuts until 2024
4. Russia to extend voluntary production cuts until 2024
5. OPEC agrees to new production target of 40.5 million barrels per day
This comes after Saudi Arabia told oil short sellers to “watch out.”
OPEC is not messing around. $S&P 500 Index(.SPX.US$ $Occidental Petroleum(OXY.US$ $Imperial Petroleum(IMPP.US$
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The majority of activities take fossil fuels. From driving to work to turning on your television.
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