ESAI Energy的动态

?? Breaking Energy Market Intelligence: Global Crude Oil Dynamics Shift Fascinating data points emerging from today's energy markets that every industry professional should note: ??? WTI crude showing remarkable strength: +1.56% gain, driven by unexpected inventory drawdowns Key Market Indicators: - US crude production maintaining RECORD levels at 13.5 million barrels per day - US oil rig count at near 2.5-year low: 480 rigs (down from 627 in December 2022) - OPEC+ September output dropped to 26.51 million bpd - lowest in 8 months - China's demand signals: -6.98% YoY to 14.176 million bpd in September Global Supply Dynamics: - Libya ramping up: 1.3 million bpd (2-month high) - Russian exports: Increased by 120,000 bpd to 3.54 million bpd What's particularly intriguing is the confluence of tight US supplies (inventories -4.2% below seasonal average) amid robust global economic indicators: China's manufacturing PMI at 50.1, Eurozone unemployment steady at record low 6.3%, and Japan's industrial production beating expectations at +1.4% m/m. Thoughts on how these dynamics might impact Q4 energy strategies? Let's discuss below! #EnergyMarkets #CrudeOil #GlobalTrade #MarketIntelligence #EnergyTrading #OilAndGas #MarketAnalysis #CommodityTrading

OPEC makes deepest cut yet to World Oil demand forecast?????: ??The Organization of Petroleum Exporting Countries (OPEC) has made its deepest cut yet to oil demand growth forecasts for 2024. Consumption growth is now projected at 1.6 million barrels/day, revised downward by 210,000 barrels/day. Since July, projections have been slashed by 27%. ??Oil prices have dropped 17% since July, with Brent crude near $73/barrel. ??Projections by the IEA, Morgan Stanley, and Goldman Sachs are significantly lower than OPEC’s estimates. ??Recent downward revisions in oil demand forecasts are primarily attributed to several key factors: ??Global economic slowdown in major economies like Europe and China. ??Weak industrial activity and mild winter conditions have dampened gas oil demand, especially in Europe ??Non-OPEC producers, led by the U.S., are increasing output, contributing to market oversupply ??Persistently high interest rates are constraining economic growth and further depressing oil demand projections ??This marks a critical moment for global oil dynamics as demand and supply rebalance amidst economic headwinds. Source:??https://lnkd.in/gdtDrS-9 #OilAndGas #OPEC #EnergyMarket #GlobalEconomy #OilDemand

Considering this projection of Brent Crude prices/ barrel in 2025, 2026, 2027........do you think that US OIL Majors will want to lease more public land for new Oil development, especially in Alaska ? "We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong?global growth?in production of?petroleum and other liquids?and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and voluntary production restraint from?OPEC+?members. This forecast was completed before the?United States issued additional sanctions targeting Russia’s oil sector?on January 10, which have the potential to reduce Russia’s oil exports to the global market... U.S. EIA Forecasts Lower Oil Price in 2025 Amid Significant Market Uncertainties

World oil demand is on course to increase by 900,000 barrels per day, or 0.9%, in 2024 and 950,000 barrels per day next year – down from growth of 2.1 million barrels per day, or 2.1%, in 2023, according to our latest monthly Oil Market Report. This assessment is supported by newly available data for the first six months of 2024, which confirms the significant slowdown we have been projecting since our first forecast for 2024 was published in June 2023. Our commentary accompanying the September Oil Market Report digs into the key factors. The recent downturn in China – the cornerstone of the growth in global oil demand so far this century – has been acute, with oil demand in July declining year?on?year for a fourth consecutive month. China’s overall economic growth is slowing from the rapid rates seen in previous decades. At the same time, burgeoning domestic sales of vehicles powered by alternative fuels are cutting into oil demand for road transport, while the development of a vast national high-speed rail network is constraining growth in internal air travel. Slowing construction investment amid a prolonged real estate slump is also weighing on demand. Outside China, oil demand growth is tepid at best. This environment, combined with expectations of continued growth in supply – notably from oil producers in the Americas outside the OPEC+ group, such as the United States, Canada, Brazil and Guyana – has helped fuel a recent sell-off in oil markets. And this year’s deceleration in global oil demand may mark the start of a period of more sluggish gains in oil consumption, with major technological, behavioural and demographic shifts at work. IEA report September 2024.

Recent trends in the crude oil market have sparked interest and concern among investors and analysts alike, with prices experiencing notable increases.?The concerted effort by OPEC+ to implement voluntary production cuts has been a key factor in stabilizing the oil market. As the situation continues to evolve, understanding these key elements will be crucial for investors looking to navigate the energy market's challenges and opportunities. Read here to know more. #OPEC #oilmarket #business #globaloildemand #strategy #markettrends #oil #EIA #API Mohamed Hashad https://lnkd.in/dpMZizxv

OIL PRICES FELL ON BEARISH US ENERGY INFORMATION ADMINISTRATION DATA ? Oil prices fell on Wednesday, affected by the publication of the weekly report from the US Energy Information Administration (EIA), which showed weak demand, while the market already fears an excess supply. ? The EIA report was unfavorable for oil prices, told John Kilduff of Again Capital to AFP. During the week ending January 3rd, US commercial crude oil inventories fell by one million barrels, while analysts were expecting a drop of two million, according to a consensus established by the Bloomberg agency. In theory, the drop in crude reserves is likely to support prices, but operators have mainly retained the weak demand as well as the increase in gasoline stocks of nearly +6.3 million barrels, according to John Kilduff. ? According to John Kilduff, refineries are not taking this situation into account, since they are using 93.3% of their capacity, compared to 92.7% in the previous period, and are continuing to produce far in excess of what is necessary. ? Matt Smith of Kpler noted that the United States is entering 2025 with a slight drawdown in crude oil inventories, as lower exports offset strong refining activity. US crude oil exports fell sharply over the week, down more than 20%. ? Globally, expectations for oil demand growth remains pessimistic, with the International Energy Agency (IEA) forecasting a supply surplus of 950,000 barrels per day in 2025. ? Sluggish demand could dissuade the gradual reintroduction by members of the Organization of the Petroleum Exporting Countries and its allies (OPEC+), including Saudi Arabia and Russia, of 2.2 million barrels per day, currently expected from April. ? Part of the market is also holding out hope of a recovery in the Chinese economy fuelled by the stimulus measures, as well as the potential associated support for demand for commodities, commented Kieran Tompkins of Capital Economics. #petroleum #crudeoil #oilprices #energy #economy #oilmarket #brent #dollar #barrel

Projected Decline in Oil Prices for 2025 and 2026: EIA Insights ? On January 21, 2025, the Energy Information Administration (EIA) projected a significant decline in oil prices anticipated by the year 2026. The EIA forecasts that benchmark Brent crude oil prices will decrease from an average of $81 per barrel in 2024 to $74 per barrel in 2025, ultimately reaching $66 per barrel in 2026. This anticipated decline is attributed to robust global growth in the production of petroleum and other liquids, coupled with slower demand growth, which exerts downward pressure on prices. These factors are instrumental in offsetting heightened geopolitical risks and voluntary production constraints imposed by OPEC+ members. The forecast indicates that prices are expected to average $66 per barrel in 2026, primarily due to increasing production from countries outside OPEC+ and demand growth that falls short of pre-pandemic levels. Consequently, this production surplus relative to consumption is projected to elevate global oil inventories, thereby reducing forecast oil prices. It is also expected that OPEC+ members will continue to exercise production restraint in 2025 and 2026 to mitigate further price declines. Ultimately, the EIA anticipates that lower prices will lead to a reduction in drilling activity and investment in U.S. crude oil and other liquids production, resulting in only a modest increase in production in 2026. Credit: Energy Information Administration Contact us: WhatsApp: +968 7999 2732 Mail: [email protected] LinkedIn: petro-daleel Instagram: petro_daleel X: Petrodaleel #oil????????? #forecast????????????? #brent

Oil prices are on the rise as market players anticipate the outcome of the upcoming OPEC+ meeting and potential stimulus measures from China. The meeting, scheduled for next week, is expected to address the current supply-demand dynamics in the global oil market. Meanwhile, China, the world's largest oil importer, is rumored to be considering new measures to boost its economy, which could have a significant impact on oil prices. #OilPrices #OPEC #China #Stimulus #GlobalOilMarket #MarketUpdate #EconomicNews #Commodities #Energy #OilandGas #MarketTrends #Investing #OilIndustry #Trading #FinancialMarkets #OPECPlusMeeting https://lnkd.in/dpeMfYfM

Oil Futures See Gains After OPEC's Strategic Move In a significant development for the energy sector, oil futures saw an upward surge following OPEC's latest production cut decision. This move is expected to have a lasting impact on global oil prices and market dynamics. As OPEC continues to adjust its production strategy, the ripple effects on supply, demand, and energy markets will be closely monitored. The decision underscores the delicate balance OPEC must maintain between boosting oil prices and meeting global energy demand. #InvigourEnergy #OilMarket #OPEC #EnergyIndustry #OilPrices #MarketTrends #GlobalEconomy #EnergyNews

Understanding the Impact of Recent U.S. Oil Production Trends on Your Business Recent developments in the U.S. oil sector might have gone unnoticed in your daily business operations, but they hold significant implications for your cost structure and strategic planning. Here’s a breakdown of the current state of U.S. oil production and what it means for you: 1. Production Drop and Partial Recovery: The U.S. experienced a notable decrease in oil production this January, primarily due to severe weather and logistical challenges. Although there has been some recovery, March figures show production is still lagging, not fully rebounding from the drop. This indicates a slower recovery than anticipated, which could influence domestic oil supply levels. 2. Factors Affecting Production: Several temporary factors have contributed to this downturn: - Extreme weather conditions impacted operations. - Transportation constraints for byproduct natural gas, particularly in the Permian basin. - A decrease in the number of operational oil rigs. - Seasonal fluctuations in production rates. Despite these challenges, projections for the latter half of the year remain optimistic, suggesting potential normalization in production rates as these temporary issues are resolved. 3. Market Implications: - There is a downside risk to the growth forecast for U.S. crude supply, which might not meet the expected increase of 360kb/d on a year-end basis. - This shortfall in domestic production presents a moderate upside risk to oil prices, depending on how the market adjusts to the supply constraints. 4. Global Influence and Price Sensitivity: The U.S. is a significant player in the global oil market but isn't the only influencer. OPEC's production decisions and geopolitical factors play crucial roles in shaping market dynamics and, consequently, the prices you pay for fuel and related products. As a business owner, how closely do you monitor these trends, and what strategies have you implemented to mitigate the impact of fluctuating oil prices on your operations? Sharing your experiences can provide valuable insights and foster a broader understanding of how global markets influence local business strategies. #businessstrategy #usoilproduction #energysector #marketdynamics #oilprices