The incoming oil crisis will be used to boost policies to get away from it. Politicians LOOOOOVE ESG, and now they are getting a big f*cking excuse to push for it even more... gl with your oil equity terminal value.
Highlights from EIAs weekly report:
Crude stocks fell for a seventh straight week by 7.2mb to a 2022 seasonal low.
Cushing fell to 21.6 mb, near but still above operational minimum levels around 20 mb
SPR inventories fell 7.9 mb, holding just above the 40-year low from 2023
Production saw a meaningful increase of 92 kb/d to 13.8 mb/d
Crude export slowed 1mb/d to 4.8 mb/d, with total crude and fuel exports falling to nine-week low at 12.5 mb/d.
Refinery utilisation held at a 2018 high just over 95%, with jet fuel production hitting a fresh record
Diesel stockpiles slumped to a 1990 seasonal low
Implied demand for gasoline (4-wk avg.) held steady while distillate rose 109 kb/d
Have to ask Gemini the same question 2-4 times until is accepts it using Pro-Extended. Running at limits it seems. Wonder when the next effective price increase will be incoming.
@Bear__85@AkshitA83074@CRUDEOIL231 Doesn't matter whether they want to help the US. They are trying to mitigate the impact on themselves and hence the world. I would even go so far and assume no stimulus from them to avoid interfering with getting oil under control...
SPWR as a turnaround and consolidation play. Currently share price gets hammered by dilutive financing. TJ Rogers' cost basis seems to be around $1.60/sh. Invest with greedy non-crooks. NFA
@blondesnmoney quite some REITs going up lately. maybe because inflation is supposed to be temporary again. I think everyone underestimates the power of populism...
@Tintincapital Why risk your money on a geopolitical gamble if you can get your millions for free? Those guys couldn't care less about money. They are established and couldn't care less about anything really.
PBR turning itself into possibly a great present for 2026H2... ridiculous... going down straight into the point where the SPR might lose its ability to keep paper down....
@NOC40 YCA.L's upside is pretty much limited to fundamentals. Even SRUUF is better in that regards because they have a yearly limit on their physical buys.