Update: WTI Oil Falls With Supply on the Rise as U.S. Tariff Battles Slow Demand
Commodity Prices Set to Tumble as Tariffs Slow Global Economy, World Bank Forecasts
Under the impact of the trade war, oil prices have plummeted, and Canadian drillers are turning to Henry Hub Natural Gas.
Due to the tensions in Global trade and OPEC+ exceeding expectations for production increases, Crude Oil Product prices have been severely impacted, leading drilling companies in the Canadian energy hub of Alberta to shift their focus towards Henry Hub Natural Gas.
Oil Stuck in Narrow Range as OPEC+ Supply Hike Looms
Sinopec's Q1 revenue decreased by 6.9% year-on-year, while net profit attributable to shareholders plummeted by 27.6% | Earnings Reports Insights.
Under the dual pressure of falling international oil prices and weak downstream demand, the profitability of the group's refining Sector has significantly narrowed, and the chemical Sector recorded a loss of 1.321 billion yuan in Q1. Exploration and development remain Sinopec's "ballast", achieving an EBITDA of 13.631 billion yuan, but this profit has also declined compared to the past few quarters.
Oil Outlook Clouded by Trade Talks, OPEC+ Supply Uncertainty -- Market Talk
Maaddoo : only Chevron is excepted as they drill in Venezuela ..
机灵的艾德 : Robber logic.