Is it meaningful for Shell to acquire BP?
UBS Group predicts that after the merger, the company will become the largest Oil and gas producers in the Global, with daily Crude Oil Product and Henry Hub Natural Gas production reaching nearly 5 million barrels of oil equivalent, an 85% increase compared to Shell's current daily production of about 2.7 million barrels. However, Bank of America believes that, given the historical dilution of cash flow per share from Shell's acquisition of BG, under the current backdrop of declining oil prices, stock buybacks by Shell may be a 'wiser choice.'
Oil ETFs Heat Up As OPEC+ Pump-Up, US-UK Trade Deal, China Talks Fuel Rally
Will Asia welcome the "oil price dividend"?
International oil prices have dropped by $12 per barrel since the beginning of 2025. Morgan Stanley believes that if this decline continues, the Crude Oil Product burden in Asia will decrease from the current 3.1% to 2.3%. For every $10 per barrel drop in oil prices, the overall current account balance in Asia is expected to improve GDP by 0.4 percentage points.
Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?
The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."
OPEC Just Created The Income Trade Of The Decade
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.
Asia-Pacific Markets Set to Open Lower After Trump's Attack on Fed Chair Sends Wall Street Tumbling
The US dollar plummets, Emerging Markets make a strong comeback: the Thai baht and Jilin soar, and the Indian stock market rises for five consecutive days!
After recording the largest weekly increase in six weeks last week, the Emerging Markets Currency Index continued to rise this Monday, with the Thai Baht and Malaysian Ringgit showing strong performance, both increasing by 1% in a single day. Over the past month, the Thai Baht has appreciated by a cumulative 3.2% against the US dollar, marking a significant upward trend. The five-day increase of the India Nifty 50 Index (5.99%) has set the highest record since February 2021.
Vakhshouri: OPEC+ Is More a Risk Management Alliance
Can Saudi Arabia withstand the plummeting oil prices? Goldman Sachs predicts that the fiscal deficit may soar to 75 billion dollars.
The significant drop in oil prices may put the oil-rich country of Saudi Arabia at risk of a serious fiscal deficit. The International Monetary Fund estimates that Saudi Arabia needs a crude oil price of $90 per barrel to achieve fiscal balance, while Goldman Sachs recently warned that if oil prices remain at the current low level of around $62 per barrel, the fiscal deficit in Saudi Arabia could double to $75 billion.
The increasing expectation of recession has led to USA Crude Oil Product prices falling below 60 dollars, causing a setback in the rebound of Petroleum stocks in the Hong Kong stock market, resulting in a collective decline.
① Expectations of a recession heighten as USA Crude Oil Product prices fall below $60, how does the market view this? ② The rebound of Hong Kong Petroleum stocks is hindered and collectively declines, what is the indicative significance for the market?
"The 'Black Waterfall' has just begun? The oil market's volume has broken the pandemic record, and Goldman Sachs has shockingly revealed the '40 dollar doomsday scenario.'
① After experiencing a series of epic "volume" crashes in international oil prices for several consecutive days, Goldman Sachs lowered its oil price forecast for the second time in just one week on Monday; ② The latest statement from the Institutions indicated that with the intensification of the trade war and an increase in supply, under "extreme" circumstances, the price of Brent Crude Oil Product could fall below $40 per barrel.
Trump wants oil prices to fall below $50. Is the market ready for this?
Currently, oil prices have fallen below the level required to maintain healthy investment in the US Shale Oil Industry. If low oil prices persist, US oil production "will immediately begin to decline, and the extent may be quite large." Industry executives warn that it is impossible to achieve US Energy dominance while maintaining an oil price of $50 per barrel.
Express News | STI plunges 8.5%: Biggest drop since 2008 crisis; Banks and shipyards hit hard>>
Investment banking fees up 18% to $257.5m in Q1 on DCM, M&A fees doubling
Express News | STI surged to a historical high in early trading on Friday, briefly breaking the 4000-point mark.
Express News | STI surged to an all-time high in early trading on Thursday, reaching 3,990.36 points, up over 0.67%.
Trump claims he will impose "secondary tariffs" targeting buyers of Venezuelan oil.
① Trump announced that the USA will impose "secondary sanctions" on Venezuela, and any country purchasing oil or Henry Hub Natural Gas from Venezuela will be forced to pay a 25% tariff to the USA; ② The USA is one of the destinations for Venezuela's energy, with Venezuela's Crude Oil Product export volume in 2024 estimated at approximately 0.66 million barrels per day, of which the USA's import volume is around 0.233 million barrels per day.
Trump once again pressures Iran through the Houthis' attacks, causing a short-term spike in international oil prices.
① The President of the USA, Trump, stated that any further attacks or reprisals by the Houthi armed group will be met with strong retaliation, and the USA will also hold Iran accountable for any future attacks by the Houthi armed group; ② As a result of this news, international oil prices surged in the short term, and Trump has reimposed "maximum pressure" on Iran, aiming to reduce Iran's oil exports.
IEA monthly report: Trade conflicts weaken oil demand, while OPEC+ increases supply.
The IEA stated that this year, Global oil supply could exceed demand by about 0.6 million barrels per day, and last week's OPEC+ decision to start increasing oil supply might add another surplus of 0.4 million barrels per day. The IEA has lowered its forecast for Global oil demand growth in 2025 to 1.03 million barrels per day and warned that trade conflicts could further worsen the market outlook.