To The Moon

🌟🌟🌟OPEC members have decided to postpone plans to increase production due to a lukewarm outlook for global demand of oil.  OPEC is now restricting its combined production to 39.725 million barrels per day until December 31 2026. With Donald Trump as President of the US in January 2025, he plans to unleash the output of oil in the US and that may lead to further drops in oil prices.  However there is still conflict in the Middle East and Ukraine.  So if there is any additional increase in geopolitical conflicts, oil prices could still rise.  @Tiger_comments  @TigerStars  

Look long term. Price remain steady 

$Exxon Mobil(XOM)$ $Occidental(OXY)$    Will oil prices rebound due to these geopolitical strains, or are we heading towards new lows? In my opinion, the mounting tensions are likely to cause oil prices to rebound rather than hit new lows. As of October 2023, relations between Iran and Israel have deteriorated significantly. Incidents ranging from cyber-attacks to skirmishes involving proxy groups have heightened fears of a broader conflict in the Middle East. Given that this region is a crucial hub for global oil production and transportation, any instability here tends to have immediate repercussions on oil markets. Historical Impact of Middle East Tensions on Oil Prices Historically

After the U.S. stock market closed over the weekend, it was suddenly reported that Israel's retaliation plan for the Iranian attack had been implemented. Judging from the time when it occurred, it was obvious that Israel chose to close the financial market because it did not want things to expand. This is related to the approaching time of the U.S. election. Not unrelated. At the same time, the focus of Israel's retaliation is to attack Iran's related military facilities, avoiding crude oil and nuclear facilities, which is lower than market expectations. Therefore, if Iran does not take further actions after Israel's retaliation, the market will return to calm. But the question is, will Iran suck it up?Profound impact on the crude oil marketIf this "retaliation cycle" does not have a stron

Stay

Clean energy cannot fight the wars. Oil is need to be in power. Everywhere still need oil.

cls

Yeah oil had drop but my country Singapore 🇸🇬 fuel price still the same high 😤

good

With the latest new in Middle East .The Middle East conflict is worsening. In 2023, Hamas attacked Israel and took hostages back to Gaza. Israel retaliated by invading Gaza, and the situation remains unresolved. Israel is now battling on a second front, engaging Hezbollah, and in October, it invaded Lebanon. Last week, Iran launched 180 ballistic missiles at Israel, most of which were intercepted. In response, it is expected that Israel will retaliate, and there are rumors that Iran’s oil facilities may be the target. Iran, a member of OPEC, accounts for about 3% of global output. While this is not a significant share, especially considering the economic sanctions Iran faces that restrict its supplies from reaching most markets, the real issue is Iran’s geographic influence. Iran controls

Wars especially in the middle east traditionally were triggers to oil price surge. While the world is trying to go green, there are still big consumers out there which must have no choice but to rely on oil to power themselves. The war in the Middle East  inbihited oil harvesting and conveyance and consequently led to the surge in prices as a basic economic function of supply and demand. And this may not be a necessary bad factor to the oil producers, which can scale down and slow down their oil export while maintaining profit margin.

Peace forever let's go

Yes and so is inflation. 

During the National Day, the biggest thing in the external market was that Iran launched a large number of missile attacks on Israel on October 1 in response to a series of previous deaths of Iran's close leaders, which plunged the entire situation in the Middle East into a "cycle of revenge" and once again changed market expectations. The focus is reversed. As everyone in China is still immersed in the joy of the skyrocketing A-shares, there is little attention to the news of the external market. Therefore, it is estimated that except for a few commodities closely related to the external market, other commodities are expected to continue to run after the holiday.·1. U.S. stocks fluctuate at high levelsAlthough the escalation of the conflict between Iran and Israel has no direct impact on

Wti could reach 93, 

Overview Oil prices fell sharply on Tuesday, sliding more than 4% as reports emerged of a possible ceasefire between Hezbollah and Israel. However, market jitters remain high due to the ongoing Middle Eastern conflict and fears of an attack on Iranian oil infrastructure. As a result, oil prices, which had surged to their highest in months just days earlier, are now fluctuating amid significant geopolitical uncertainty. Brent crude futures fell by $3.75 to settle at $77.18 per barrel, and West Texas Intermediate (WTI) futures ended down $3.57 at $73.57 per barrel. Ceasefire Between Hezbollah and Israel Causes Oil Price Drop Tuesday’s oil price decline was primarily driven by reports suggesting that Hezbollah might be open to a ceasefire in its ongoing conflict with Israel. This news offered

very good

Yes did buy oil $Occidental(OXY)$ and still holding

Cuapcuavupucspu lsculs lysyl ssy lsyclsyl l😃😊😭☺️☺️😙😚😙☺️☺️😚😙😚😙☺️☺️😙😙☺️😙☺️☺️😙😙😙😂😙😙😂😭😚😂😙

$Occidental(OXY)$  inevitable war which may cause oil price to skyrocket. Tension in the middle East is just getting started. 

$Exxon Mobil(XOM)$ $Occidental(OXY)$    Will oil prices rebound due to these geopolitical strains, or are we heading towards new lows? In my opinion, the mounting tensions are likely to cause oil prices to rebound rather than hit new lows. As of October 2023, relations between Iran and Israel have deteriorated significantly. Incidents ranging from cyber-attacks to skirmishes involving proxy groups have heightened fears of a broader conflict in the Middle East. Given that this region is a crucial hub for global oil production and transportation, any instability here tends to have immediate repercussions on oil markets. Historical Impact of Middle East Tensions on Oil Prices Historically

After the U.S. stock market closed over the weekend, it was suddenly reported that Israel's retaliation plan for the Iranian attack had been implemented. Judging from the time when it occurred, it was obvious that Israel chose to close the financial market because it did not want things to expand. This is related to the approaching time of the U.S. election. Not unrelated. At the same time, the focus of Israel's retaliation is to attack Iran's related military facilities, avoiding crude oil and nuclear facilities, which is lower than market expectations. Therefore, if Iran does not take further actions after Israel's retaliation, the market will return to calm. But the question is, will Iran suck it up?Profound impact on the crude oil marketIf this "retaliation cycle" does not have a stron

🌟🌟🌟OPEC members have decided to postpone plans to increase production due to a lukewarm outlook for global demand of oil.  OPEC is now restricting its combined production to 39.725 million barrels per day until December 31 2026. With Donald Trump as President of the US in January 2025, he plans to unleash the output of oil in the US and that may lead to further drops in oil prices.  However there is still conflict in the Middle East and Ukraine.  So if there is any additional increase in geopolitical conflicts, oil prices could still rise.  @Tiger_comments  @TigerStars  

$Exxon Mobil(XOM)$ $Chevron(CVX)$ $Energy Select Sector SPDR Fund(XLE)$ $WTI Crude Oil - main 2411(CLmain)$ 🔺🅱🆄🅻🅻🅸🆂🅷🔺 🚨‼️🚨 Buffett’s Red Alert: Is the Market Too Frothy? 🚨‼️🚨 Kia ora Tiger traders! Get your ☕️ coffee cups ready because Warren Buffett’s flashing red lights are brighter than a Tui bird’s song at dawn! ☕🛑 The Oracle of Omaha has sold $97 billion worth of stocks and stashed nearly half of Berkshire Hathaway’s wealth in ultra-safe Treasury bills. What’s the big deal? The Buffett Indicator is sitting at 198.3%, and that’s about as bloated as your cousin after a second helping of pavlova. 😅📊 Add in the ne

During the National Day, the biggest thing in the external market was that Iran launched a large number of missile attacks on Israel on October 1 in response to a series of previous deaths of Iran's close leaders, which plunged the entire situation in the Middle East into a "cycle of revenge" and once again changed market expectations. The focus is reversed. As everyone in China is still immersed in the joy of the skyrocketing A-shares, there is little attention to the news of the external market. Therefore, it is estimated that except for a few commodities closely related to the external market, other commodities are expected to continue to run after the holiday.·1. U.S. stocks fluctuate at high levelsAlthough the escalation of the conflict between Iran and Israel has no direct impact on

Overview Oil prices fell sharply on Tuesday, sliding more than 4% as reports emerged of a possible ceasefire between Hezbollah and Israel. However, market jitters remain high due to the ongoing Middle Eastern conflict and fears of an attack on Iranian oil infrastructure. As a result, oil prices, which had surged to their highest in months just days earlier, are now fluctuating amid significant geopolitical uncertainty. Brent crude futures fell by $3.75 to settle at $77.18 per barrel, and West Texas Intermediate (WTI) futures ended down $3.57 at $73.57 per barrel. Ceasefire Between Hezbollah and Israel Causes Oil Price Drop Tuesday’s oil price decline was primarily driven by reports suggesting that Hezbollah might be open to a ceasefire in its ongoing conflict with Israel. This news offered

Overview Global oil prices rallied close to 2%, driven by a combination of factors including Chinese economic stimulus measures, rising geopolitical tensions in the Middle East, and technical trading patterns. Brent crude futures for November rose $1.27, or 1.7%, to settle at $75.17 per barrel, marking its highest level since early September. Similarly, West Texas Intermediate (WTI) crude gained $1.19, or 1.7%, to $71.56 per barrel. Chinese Stimulus Boosts Energy Demand Prospects The People’s Bank of China announced a series of stimulus measures, including reducing key short-term interest rates and encouraging bank lending. These measures are part of China’s efforts to achieve its annual economic growth targets, and they have raised expectations of higher energy demand in the world's secon

Overview Oil prices have rallied on the back of supportive news, including China's recent monetary stimulus and heightened concerns over Middle East tensions. As the world’s biggest crude producer, the U.S., braces for another hurricane, crude prices have seen a sharp upward movement. However, market analysts caution that the rally may not be sustainable in the medium term due to persistent demand concerns and the absence of fiscal policies to complement monetary easing. As of early trading on Tuesday, Brent crude futures for November climbed 1.14% to $74.74 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for November rose by 1.31% to $71.29 per barrel. Chinese Monetary Stimulus Drives Oil Rally The primary driver of today’s oil price surge was China’s unexpected decisio

Overview Oil prices surged over 1% on Thursday as traders reacted to the disruptions caused by Hurricane Francine in the U.S. Gulf of Mexico. Brent crude rose by $1.01 to reach $71.62 per barrel, while U.S. West Texas Intermediate (WTI) crude increased by $1 to $68.31. However, despite the supply concerns stemming from the hurricane, a dim demand outlook continues to weigh heavily on the market, capping the recent price gains. Hurricane Francine’s Impact on U.S. Oil Production Hurricane Francine's landfall in southern Louisiana has led to significant disruptions in U.S. offshore oil production. Nearly 39% of oil and almost half of natural gas production in the Gulf of Mexico was offline as operators evacuated 171 production platforms and three rigs. This region accounts for about 15% of U.

Overview Oil prices have recently experienced a significant decline, driven by concerns over weak demand from key markets like the U.S. and China, coupled with potential supply increases from Libya. Despite a substantial withdrawal from U.S. crude inventories and an OPEC+ decision to delay output increases, the market remains cautious. Brent crude and U.S. West Texas Intermediate (WTI) crude closed at their lowest levels in over a year, reflecting the complex interplay of supply, demand, and economic factors. Demand Fears from the U.S. and China Weigh on Oil Prices The primary drivers behind the downward pressure on oil prices are concerns about demand, particularly from the U.S. and China. Both of these economies are key players in the global energy market, and any signs of slowing demand

Overview Oil prices have surged by over a dollar per barrel, fueled by significant supply disruptions in Libya and upcoming production cuts in Iraq. These developments have reignited fears of tighter global supplies, pushing Brent and West Texas Intermediate (WTI) crude futures to new heights. As geopolitical tensions and production strategies weigh heavily on the market, traders are left to question: Will oil prices continue their upward trajectory, or will other factors temper the surge? Supply Disruptions in Libya: A Ticking Time Bomb Libya, a nation often plagued by political instability, is once again at the center of global oil market concerns. On Thursday, more than half of Libya's oil production was shut down due to a standoff between rival political factions, leading to the closur

Overview: Brent crude oil prices slipped by $1 a barrel on Wednesday, signaling growing uncertainty in the market over near-term demand and supply dynamics. Pessimism surrounding the global economy and a potential surge in Libyan oil exports is exerting downward pressure on prices. However, OPEC+ discussions around delaying output increases could help stabilize the market in the short term. Demand Worries Send Oil Prices Lower Brent crude futures fell by $1.2% to $72.87 a barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped by $1.28% to $69.44. The drop was driven by concerns over a weaker global economy, as soft economic data from the U.S. and China sparked worries about future oil demand. China, the world's largest crude importer, reported a six-month low in manufacturi

Overview Oil prices experienced a sharp rise on Thursday, climbing over 2% as Hurricane Francine led to significant production shutdowns in the Gulf of Mexico. However, despite this short-term disruption, concerns remain over weak global demand, particularly from China and the US, which have been weighing heavily on the market. This report delves into the impact of Hurricane Francine, ongoing concerns about demand, and what the future holds for oil prices. Impact of Hurricane Francine on Gulf Oil Production As Hurricane Francine tore through the oil-rich Gulf of Mexico, approximately 42% of the region’s oil output, or 730,000 barrels per day, was shut down. The resulting supply disruption caused both US West Texas Intermediate (WTI) and Brent crude prices to surge. WTI crude futures rose b

Overview Global oil prices took a hit on Tuesday, with both Brent crude and West Texas Intermediate (WTI) crude futures plummeting to their lowest levels since 2021 and 2023, respectively. The sharp drop followed OPEC+ revising down its demand forecast for this year and 2025, overshadowing supply disruptions caused by Tropical Storm Francine. A combination of sluggish global economic growth, disappointing data from China, and oversupply concerns has caused significant downward pressure on prices, leading energy stocks to suffer substantial losses. OPEC+ Demand Forecast Cut Hits Oil Market The Organization of the Petroleum Exporting Countries (OPEC+) delivered a blow to the oil market on Tuesday by revising its global oil demand forecast for 2024. According to its monthly report, OPEC cut t

Overview As we move into September 2024, oil prices have faced downward pressure, largely driven by expectations that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) will increase oil production starting in October. The decline in prices is compounded by strong consumer spending data from the United States, which has dampened hopes for a significant interest rate cut by the Federal Reserve next month. As a result, both Brent and West Texas Intermediate (WTI) crude futures have experienced notable declines, reflecting a complex interplay of supply and demand dynamics in the global oil market. OPEC+ Supply Increase and Market Impact OPEC+ Production Plans: OPEC+ has announced plans to gradually reduce production cuts starting in October, which has weighed heavily

With the latest new in Middle East .The Middle East conflict is worsening. In 2023, Hamas attacked Israel and took hostages back to Gaza. Israel retaliated by invading Gaza, and the situation remains unresolved. Israel is now battling on a second front, engaging Hezbollah, and in October, it invaded Lebanon. Last week, Iran launched 180 ballistic missiles at Israel, most of which were intercepted. In response, it is expected that Israel will retaliate, and there are rumors that Iran’s oil facilities may be the target. Iran, a member of OPEC, accounts for about 3% of global output. While this is not a significant share, especially considering the economic sanctions Iran faces that restrict its supplies from reaching most markets, the real issue is Iran’s geographic influence. Iran controls

$Geo Energy Res(RE4.SI)$   $RH PetroGas(T13.SI)$  $Rex Intl(5WH.SI)$  Why buy Geo energy? Middle east tension have caused the international oil prices shooting up fast...If you have missed the boat for Rex and RH...  Do take a look at Geo energy.  Coal is a substitute of oil during winter. Very soon ,the West and EU going welcome the winter... As usual, the talking of "going green" will be out aside as energy cost remains high..   Many countries will turn to coal to keep the people warm. Coal usage will be high for next few months. Potential upside for

In recent days, my Occidental Petroleum (OXY) stock has been performing exceptionally well, largely due to the increase in oil prices driven by mounting concerns over escalating tensions in the Middle East. While I am relieved to see the value of my investment rise, I find it difficult to take genuine satisfaction from this outcome. On one hand, the increase in oil prices undeniably benefits my portfolio. But on the other hand, I cannot ignore the troubling reasons behind this spike. It is unsettling to think that my financial gain is indirectly tied to instability and conflict. The turmoil in the Middle East, which has far-reaching and devastating consequences for countless lives, is not something anyone should celebrate. Though the increase in oil prices is not something I control, I sti

Clean energy cannot fight the wars. Oil is need to be in power. Everywhere still need oil.

Yeah oil had drop but my country Singapore 🇸🇬 fuel price still the same high 😤