Neueste Heute 07.06.2024 06.06.2024
Russia Says It Continues To Cut Oil Production Under OPEC+ Deal
07.06.2024, 08:00 Uhr. ZeroHedge News - https: - Russia Says It Continues To Cut Oil Production Under OPEC+ Deal By Charles Kennedy of OilPrice.com Russia continued to cut its oil production in May per the OPEC+ agreements, Russian Deputy Prime Minister Alexander Novak said on Thursday, in another attempt to reassure the market that OPEC+ producers are committed to the pact and to stabilizing the...
Markets Have Overreacted To OPEC's Plan To Phase Out Production Cuts
07.06.2024, 04:00 Uhr. ZeroHedge News - https: - Markets Have Overreacted To OPEC's Plan To Phase Out Production Cuts By Alex Kimani of OilPrice.com OPEC+ agreed on Sunday to extend most of its oil output cuts well into 2025 amid tepid demand growth, rising U.S. production and high interest rates. OPEC+ is currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of...
Key OPEC+ Ministers Dismiss Bearish Market Reaction To Output Plans
06.06.2024, 16:11 Uhr. ZeroHedge News - https: - Key OPEC+ Ministers Dismiss Bearish Market Reaction To Output Plans By Tsvetana Paraskova of OilPrice.com The energy ministers of heavyweight OPEC+ producers dismissed the bearish market reaction to the group’s latest oil production plan, saying that market participants and analysts will realize soon that the alliance did the right thing in communicating...
House Democrats Accuse Big Oil Of Price Gouging
05.06.2024, 19:30 Uhr. ZeroHedge News - https: - House Democrats Accuse Big Oil Of Price Gouging By Irina Slav of OilPrice.com A group of House Democrats have called on the Department of Justice to launch a probe into the oil industry, accusing the two largest U.S. energy companies of a conspiracy to keep fuel prices high. In a letter sent to the Department of Justice by Rep. Jerrold Nadler and signed...
OPEC+ Switches Strategy To Defend Market Share
05.06.2024, 03:10 Uhr. ZeroHedge News - https: - OPEC+ Switches Strategy To Defend Market Share By John Kemp, senior energy analyst Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC⁺ ministers signalled their intention to start increasing production from the fourth quarter of 2024. Front-month Brent futures closed at $78 per barrel on...
WTI Tests 4-Month Lows As API Reports Across The Board Inventory Builds
04.06.2024, 22:44 Uhr. ZeroHedge News - https: - WTI Tests 4-Month Lows As API Reports Across The Board Inventory Builds Oil prices plunged to four-month lows (WTI with a $72 handle, Brent below $80), smashing through all key technical levels, as algos were shocked into full-send mode as OPEC+ unexpectedly signaled plans to return some supplies to the market later in the year. CTAs have flipped...
Stocks Slide, Bonds Bid As Crude Crumbles
03.06.2024, 22:06 Uhr. ZeroHedge News - https: - Stocks Slide, Bonds Bid As Crude Crumbles After a promising start to the overnight session, which saw both Asia and Europe perk up to start the new month alongside a furious surge in GameStop on the latest meme stonk shenanigans by Roaring Kitty, the mood deteriorated rapidly, and after a very ugly, and quite stagflationary Mfg ISM print, which printed...
OPEC+ Meeting Shows Persistent Demand Weakness
03.06.2024, 18:20 Uhr. ZeroHedge News - https: - OPEC+ Meeting Shows Persistent Demand Weakness Authored by Daniel Lacalle, The latest OPEC meeting conclusions show that the global economy is not as strong as headlines suggest and that industries all over the world are struggling to recover. Indeed, many manufacturing PMIs (purchasing managers’ indexes) continue to signal contraction. Oil prices...
"Geopolitical Risk Is Everywhere"
03.06.2024, 18:20 Uhr. ZeroHedge News - https: - "Geopolitical Risk Is Everywhere" By Michael Every of Rabobank Two kinds of Stag Do/No-Bucks Night We are all invited to two different kinds of ‘Stag Do’ (for those in the US, Bachelor Party), which (for those in Australia) are also a ‘No-Bucks Night’. April US personal consumption income and spending data on Friday saw the former up 0.3% m-o-m...
Futures Rise To Start June As Nvidia Jumps, Gamestop Soars
03.06.2024, 14:40 Uhr. ZeroHedge News - https: - Futures Rise To Start June As Nvidia Jumps, Gamestop Soars After closing the month of May on the front-foot when a last minute rebalancing spike in the S&P reversed two days of losses, US stock futures are ticking higher to start the month of June following the lead of broad gains across European equity markets and a jump in Asia. As Bloomberg notes...
OPEC+ Agrees To Extend Collective Output Cuts Until End Of 2025
02.06.2024, 19:25 Uhr. ZeroHedge News - https: - OPEC+ Agrees To Extend Collective Output Cuts Until End Of 2025 As we previewed last month, OPEC+ agreed to extend its oil production cuts well into 2025, while also setting a timeline for gradually winding down some of those curbs later this year. As reported by Bloomberg, the agreement reached in the Saudi capital Riyadh on Sunday exceeds market expectations...
Where Are The Largest Oil Reserves?
02.06.2024, 14:45 Uhr. ZeroHedge News - https: - Where Are The Largest Oil Reserves? Russia has reportedly discovered colossal oil reserves in the British territory of Antarctica. According to documents presented to the UK House of Commons Environmental Audit Committee in early May, the discovery was made by Russian research vessels in the Weddell Sea, part of the Antarctic territory claimed by...
WTI Extends Losses After Crude Draw, Production Holds Near Record Highs
30.05.2024, 17:07 Uhr. ZeroHedge News - https: - WTI Extends Losses After Crude Draw, Production Holds Near Record Highs Crude prices have given back the brief gains overnight (following API's report of a big crude draw) as US GDP slowed and weighed on demand expectations (offsetting nervousness from another attack on a ship in the Red Sea, and Israeli comments that it probably wouldn’t be able...
OPEC+ Could Jolt Oil Higher, Confounding Bearish Speculators
30.05.2024, 14:25 Uhr. ZeroHedge News - https: - OPEC+ Could Jolt Oil Higher, Confounding Bearish Speculators Authored by Grant Smith via Bloomberg, Bearish oil speculators have been out in force this month, building up their biggest short position in Brent since the depths of the pandemic in late 2020. But with a busy agenda of OPEC+ news scheduled for this weekend, history suggests that they should...
Futures, Rates Drop As Salesforce Implosion Sours Mood
30.05.2024, 14:10 Uhr. ZeroHedge News - https: - Futures, Rates Drop As Salesforce Implosion Sours Mood US equity futures are weaker despite lower bond yields, breaking away from this week’s narrative of Equity/Yields negative correlation, after Salesforce plunged 15% due to disappointing guidance. Small-caps are poised to outperform but have failed to hold gains this week. As of 7:45am, S&P futures...
Futures Slide As Bond Yields Spike To 3 Week High
29.05.2024, 14:19 Uhr. ZeroHedge News - https: - Futures Slide As Bond Yields Spike To 3 Week High US futures are weaker with tech and small caps underperforming after the NDX made a new ATH yesterday on the back of the relentless Nvidia meltup. The weakness has been driven by surge in yields, a result of the latest batch of hawkish Fed remarks, two very weak bond auctions and stronger macro data...
Oil's Fate Hinges On OPEC+ Hanging Tough
28.05.2024, 12:31 Uhr. ZeroHedge News - https: - Oil's Fate Hinges On OPEC+ Hanging Tough By Jake Lloyd-Smith, Bloomberg Markets Live reporter and strategist The global oil market is in OPEC+ walk-up mode. That should keep prices supported this week ahead of the (now online) gaggle, which falls on June 2. After that, price direction hinges on the immediate fallout from the meeting, plus bets about...
WTI Rallies After Crude Inventory Build, Another Large SPR Addition
22.05.2024, 16:37 Uhr. ZeroHedge News - https: - WTI Rallies After Crude Inventory Build, Another Large SPR Addition Oil prices edges lower again this morning (for the third straight day) after API reported crude and gasoline builds overnight in the US, and on the other side of the Atlantic, Genscape data showed expanded inventories in Europe’s oil trading hub. Additionally, Bloomberg reports...
WTI Rebounds Off Tw0Month Lows After API Reports Crude Draw
14.05.2024, 22:40 Uhr. ZeroHedge News - https: - WTI Rebounds Off Tw0Month Lows After API Reports Crude Draw Oil prices decline today as the last few day's rollercoaster continued after a hotter than expected PPI print, leaving WTI near nine-week lows. Crude has been on a downward path since April, with the geopolitical risk premium from tensions in the Middle East largely evaporating. Refinery run...
Oil - A Global Tax
14.05.2024, 03:40 Uhr. ZeroHedge News - https: - Oil - A Global Tax Authored by Robert Burrows via BondVigilantes.com, Few commodities wield as much influence in the intricate web of global economics as oil. Oil is pivotal in driving economic growth and development as the primary energy source for transportation, manufacturing, and countless other sectors. However, beneath its surface lies a hidden...
Big Oil Has Flourished, Despite Biden's Best Efforts, And Will Back Trump In 2024
12.05.2024, 18:00 Uhr. ZeroHedge News - https: - Big Oil Has Flourished, Despite Biden's Best Efforts, And Will Back Trump In 2024 “It’s death by 1,000 cuts. It’s the worst presidency with regard to energy policy I’ve ever seen — and I’ve been involved in energy for 40 years, my entire career.” Those were the words of Steve Pruett, chief executive of Elevation Resources, to Financial...
WTI Rises After Crude Draw, Biden Admin Adds Most To SPR Since Dec
08.05.2024, 16:38 Uhr. ZeroHedge News - https: - WTI Rises After Crude Draw, Biden Admin Adds Most To SPR Since Dec Oil prices are rebounding off overnight lows - once again testing the technical support of the 100-day moving average - after sliding following API's report of across the board inventory builds last night. Oil has been on a downtrend since early April, posting losses in three of the...
WTI Dips After API Reports Across-The-Board Inventory Builds
07.05.2024, 22:45 Uhr. ZeroHedge News - https: - WTI Dips After API Reports Across-The-Board Inventory Builds Oil prices ended the day flat today (after touching the lowest level in almost two months on news reports said Russian Deputy Prime Minister Alexander Novak indicated OPEC+ could move to raise crude production). Novak told Russia's Interfax news agency that the possibility of increasing oil...
Russia Ready To Alter OPEC+ Production if Necessary
07.05.2024, 16:27 Uhr. ZeroHedge News - https: - Russia Ready To Alter OPEC+ Production if Necessary By Tsvetana Paraskova of OilPrice.com The OPEC+ group is still studying whether to raise oil production but it would act on supply if necessary, Russian Deputy Prime Minister Alexander Novak said on Tuesday. The possibility to raise supply is still being reviewed, Russia’s top oilman said,...
OPEC+ Likely To Extend Production Cuts In June
06.05.2024, 11:00 Uhr. ZeroHedge News - https: - OPEC+ Likely To Extend Production Cuts In June By John Kemp, senior energy analyst at Reuters Saudi Arabia and its allies in OPEC⁺ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of petroleum supplies and depletion of inventories widely anticipated at the start...
The Four Key Reasons Why The US Will Never Stop Targeting Russia's LNG Sector
01.05.2024, 11:00 Uhr. ZeroHedge News - https: - The Four Key Reasons Why The US Will Never Stop Targeting Russia's LNG Sector Authored by Simon Watkins via OilPrice.com, LNG has become the most important swing energy source in an increasingly insecure world. Energy exports remain the foundation stone of Russia’s essentially petro-economy. Russia's LNG industry is closely associated in Russia with...
Largest Oil ETF Hit With Record Outflow On Subsiding Geopolitical Risk Premium
25.04.2024, 20:04 Uhr. ZeroHedge News - https: - Largest Oil ETF Hit With Record Outflow On Subsiding Geopolitical Risk Premium A reduced geopolitical risk premium for Brent crude this week is likely one of the main drivers resulting in the largest daily outflows for the US Oil Fund ETF. Tensions between Iran and Israel have subsided in recent days, and it's entirely possible the White House is...
Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low
20.04.2024, 01:22 Uhr. ZeroHedge News - https: - Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low Authored by Tsvetana Paraskova via OilPrice.com, Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, Reuters reported on Friday...
BRICS - The Project Of The Century
19.04.2024, 08:01 Uhr. ZeroHedge News - https: - BRICS - The Project Of The Century Authored by Peter Hanseler via VoiceOfRussia.com, The Western media are prioritizing the Ukraine conflict, the green revolution and the woke revolution. In the shadow of this media coverage, BRICS is changing the world. We bring you the latest figures and place them in the current geopolitical environment. – An analysis...
Javier Blas Outlines Ten Takeaways For Crude Market Following Iran's Direct Attack On Israel
14.04.2024, 21:47 Uhr. ZeroHedge News - https: - Javier Blas Outlines Ten Takeaways For Crude Market Following Iran's Direct Attack On Israel Iran's direct attack on Israel on Saturday evening is viewed certainly as an escalation in the Middle East conflict. Tehran's missile and drone attack (widely unsuccessful) has been well-telegraphed (read: here & here) for the last two weeks, pushing up...
The Case For Oil Gains Into A Weekend Wins Again Amid $100 Brent Call Frenzy
12.04.2024, 20:40 Uhr. ZeroHedge News - https: - The Case For Oil Gains Into A Weekend Wins Again Amid $100 Brent Call Frenzy A few weeks ago, Bloomberg commodity expert Alex Longley,wrote - correctly - that given the geopolitical risk in the world, there’s hardly any reason for traders to brace for oil declines on a Friday. Fast forward to today, when that statement is even more true now than...
Russia Bombards Ukraine With Hypersonic Missiles & Drones, Damaging Power Plants, NatGas Facilities
11.04.2024, 12:55 Uhr. ZeroHedge News - https: - Russia Bombards Ukraine With Hypersonic Missiles & Drones, Damaging Power Plants, NatGas Facilities Russia launched a major missile and suicide drone offensive on Thursday, bombarding Ukraine's power grid and underground natural gas storage sites. Bloomberg reports Russia air-launched six hypersonic Kinzhal missiles that hit critical infrastructure...
Pump-Prices Continue To Surge, Gasoline Inventories See Small Build
10.04.2024, 16:40 Uhr. ZeroHedge News - https: - Pump-Prices Continue To Surge, Gasoline Inventories See Small Build Crude prices slid back to unchanged this morning - from some overnight gains - after a hotter than expected CPI print took demand-seducing rate-cuts off the table. However, as Bloomberg reports, oil is still up 19% this year as OPEC+ cuts supply and geopolitical tensions across the...
Here's What Will Push Oil Above $100/Bbl
08.04.2024, 21:46 Uhr. ZeroHedge News - https: - Here's What Will Push Oil Above $100/Bbl Back in early December, just after Powell's dovish pivot shocked everyone, many closet oil bulls like BofA's energy strategist Francisco Blanch, predicted that a dovish Fed would send oil back to $100. Unfortunately for him, oil did nothing and just one month later, as no oil buying had materialized, Blanch threw...
Saudi Arabia Hikes Oil Prices In Increasingly Tight Market
06.04.2024, 15:26 Uhr. ZeroHedge News - https: - Saudi Arabia Hikes Oil Prices In Increasingly Tight Market Authored by Tsvetana Paraskova via OilPrice.com, Saudi oil giant Aramco, the world’s top crude oil exporter, hiked on Friday the prices of most of its crude grades for May, as Middle Eastern benchmarks are strengthening in a market that looks increasingly tight. For a second consecutive...
Europe's South Takes The Lead
06.04.2024, 14:11 Uhr. ZeroHedge News - https: - Europe's South Takes The Lead By Maartje Wijffelaars, Senior Economist at Rabobank Brent crude oil extended its gains and broke through the 90 dollars a barrel threshold yesterday, for the first time since end-October last year. The commodity continues its ascend this morning and at the time of writing it’ll cost you 91.2 dollars to buy a barrel....
"Central Banks Are Obviously Determined To Cut... Or Make You Think They Are Going To Cut"
04.04.2024, 17:05 Uhr. ZeroHedge News - https: - "Central Banks Are Obviously Determined To Cut... Or Make You Think They Are Going To Cut" By Michael Every of Rabobank The bigger 'Bigger Picture' Fed Chair Powell noted the FOMC will wait for a clearer signal from the data before starting rate cuts, which he continues to expect to begin “at some point this year.” In particular, he said that recent...
Futures Rebound After Powell Reassures On Rate Cuts
04.04.2024, 14:16 Uhr. ZeroHedge News - https: - Futures Rebound After Powell Reassures On Rate Cuts US equity futures are higher with both Tech and small-caps outperforming, while the dollar is lower even as yields are higher from Wednesday's close. As of 7:50am, S&P futures were 0.3% higher and Nasdaq futs rose 0.4%, boosted by Powell’s comments that recent inflation figures did not “materially...
What Will The Fed Do When Trump Wins And Slams China With 60% Tariffs
03.04.2024, 18:07 Uhr. ZeroHedge News - https: - What Will The Fed Do When Trump Wins And Slams China With 60% Tariffs By Michael Every of Rabobank Have you got the energy? Yesterday, Bloomberg noted ‘Fears of 5% Yields Are Back, Thanks to Oil’s Surge’. We are over a quarter into a year in which we were promised rapid, wall-to-wall rate cuts, but so far only the Swiss have proved punctual: now...
WTI Dips After Surprise Crude Inventory Build
03.04.2024, 16:40 Uhr. ZeroHedge News - https: - WTI Dips After Surprise Crude Inventory Build Oil prices are extending gains to new cycle highs (WTI $86) ahead of the official inventory data (after API reported across the board draws). The move followed reports that OPEC+ chose to stick with oil supply cuts for the first half of the year, keeping global markets tight and potentially sending prices...
WTI Extends Gains After API Reports Inventory Draws Across The Board
02.04.2024, 22:41 Uhr. ZeroHedge News - https: - WTI Extends Gains After API Reports Inventory Draws Across The Board US crude futures pierced $85 for the first time since October, the latest milestone in a rally driven by OPEC+ production cuts, strong demand and heightened geopolitical risks. As Bloomberg reports, oil has jumped this week as tensions rise in the Middle East, with Iran vowing revenge on...
US Assures Iran It "Had No Involvement" In Embassy Strike As IDF Claims Only A 'Military Building' Hit
02.04.2024, 17:42 Uhr. ZeroHedge News - https: - US Assures Iran It "Had No Involvement" In Embassy Strike As IDF Claims Only A 'Military Building' Hit The Biden administration was notified just minutes before the major Israeli airstrikes on the Iranian Embassy complex in Damascus on Monday, US and Israeli officials have told Axios; however, the Israeli side wasn't asking for a greenlight, the report...
Key Events This Week: Payrolls, Powell, ISM And Fed Speakers Galore
01.04.2024, 17:11 Uhr. ZeroHedge News - https: - Key Events This Week: Payrolls, Powell, ISM And Fed Speakers Galore With the first quarter officially in the books, and just days until we start getting Q1 earnings (it sure does feel like we now live in one extra long earnings season), we have quite a few events this busy week starting with today's March manufacturing ISM print - which as noted earlier...
Zelensky Travels To Rally Saudi Arabia & Albania To Ukraine's Cause
29.02.2024, 08:46 Uhr. ZeroHedge News - https: - Zelensky Travels To Rally Saudi Arabia & Albania To Ukraine's Cause With the weapons pipeline to Washington still held up by appropriately recalcitrant House Republicans, Ukraine's President Zelensky has turned to countries on the peripheries, first making an official visit to Saudi Arabia Tuesday and on Wednesday a stop in Albania where he's seeking...
WTI Retraces Gains After Crude Build; Spreads Signal Physical Market Tightening
28.02.2024, 16:42 Uhr. ZeroHedge News - https: - WTI Retraces Gains After Crude Build; Spreads Signal Physical Market Tightening Oil prices are extending gains this morning, reversing earlier losses, as reports suggest OPEC+ will rollover its production cuts. This will pressure supply as Red Sea disruptions are triggering widely tracked gauges of the physical market to point to tighter conditions...
Future Slide As Hawkish Fed Concerns Return
28.02.2024, 14:17 Uhr. ZeroHedge News - https: - Future Slide As Hawkish Fed Concerns Return US stock futures slumped, pointing to a weak open on Wall Street with both Tech and small-caps underperforming, as traders braced for today's revised GDP print and tomorrow's core PCE report which whisper sees coming in hotter than expected and may further push back on expectations for rate cuts. As of 7:50am...
OPEC+ Could Extend Oil Output Cuts Through Year End
28.02.2024, 03:38 Uhr. ZeroHedge News - https: - OPEC+ Could Extend Oil Output Cuts Through Year End By Julianne Geiger of OilPrice.com OPEC+’s voluntary production cuts that were set to expire at the end of the first quarter could be extended through the end of the year, three OPEC+ sources told Reuters on Tuesday. Crude oil prices jumped with the news from three anonymous OPEC+ sources who spoke...
WTI Dips From Range-Highs After API Reports Bigger Than Expected Crude Build
27.02.2024, 22:46 Uhr. ZeroHedge News - https: - WTI Dips From Range-Highs After API Reports Bigger Than Expected Crude Build Oil pries rallied for the second straight day near the highs of their range since early November on a combination of further tensions in the Red Sea, signs of tightness in physical markets, and Reuters reports that OPEC+ will consider extending voluntary oil output cuts into...
Deutsche Bank Sees Brent Oil Price At $88 By The End Of 2024
22.02.2024, 11:00 Uhr. ZeroHedge News - https: - Deutsche Bank Sees Brent Oil Price At $88 By The End Of 2024 By Charles Kennedy of OilPrice.com A nearly balanced market in the first half of the year and seasonal strengthening of demand in the second half are set to push the price of Brent Crude to $88 per barrel by the end of 2024, according to analysts at Deutsche Bank. “We look for continued...