plans. com now. >> All right welcome back everybody.Joining us right now for an exclusive interview to discuss all things energy and oil is Darren Woods. He's ExxonMobil's chairman and CEO. And Darren I want to thank you for being with us this morning.Good to see you. It's good to see you, too. We've been watching so closely what's been happening with oil prices. And we've seen a real rapid rise and then drop off again after what's been happening in the Middle East.Crude oil back at $65 a barrel. But it got ...

US Oil Production & Geopolitical Impact - US oil production has nearly tripled in the last 15 years, driven by the fracking boom, with about two-thirds of US crude oil production attributed to fracking [3][4] - Increased US oil production has shifted the country from reliance on Middle East oil imports to a major exporter, providing geopolitical leverage [1] - Analysts suggest the US economy is more insulated from oil price shocks, potentially giving the President more leverage, although Federal Reserve Chair Jerome Pal noted limits to this buffer [5] Oil Price Dynamics & Market Reaction - Oil prices initially spiked due to concerns about supply risks in the Middle East, particularly around the Strait of Hormuz, but subsequently declined as ceasefire headlines reduced those concerns [12][13] - WTI crude oil prices experienced a drop of more than 5%, falling back to $64.95 [12] - The market recalibrated its assessment of supply risks, leading to the unwinding of upside tail hedging positions [13][14] - The fundamental picture in crude oil appears fragile and potentially oversupplied in the second half of 2025 [14] Energy Stocks & Investment Considerations - Energy stocks, as tracked by the XLE ETF, have shown flat performance year-to-date, despite outperforming underlying oil prices [9] - Oil companies face a tricky situation, balancing the desire to drill more with concerns about over-drilling and potential profit cuts if oil prices decline [10] - CIBC Private Wealth manages $100 billion in assets [12] US Production Outlook - Meaningful pickup in US oil production is unlikely unless crude prices are significantly higher than the current strip price of around $65 [19][20] - US producers are unlikely to increase capital expenditure (capex) and crude production at current price levels, considering OPEC+ is bringing more barrels into the market and recent price volatility [20][21] - Rig counts have been falling precipitously over the past three months, indicating a cautious approach by US producers who prioritize shoring up their balance sheets [23]

Joining us now from the strategic for center for strategic and international studies, senior fellow for energy security, Clay Seagull. Was that was that an overstatement, Clay, to say that what we just showed our viewers, which is a bunch of red arrows, each one representing, by the way, a ship, the number of ships in that body of water is probably going to determine the path of oil and natural gas prices. Hey guys, good afternoon.Good to be with you. I think that the illustration that you showed basically ...

The U.S. attack on Iranian nuclear facilities Saturday night has raised the risk that oil prices surge into the triple digits, but experts say that’s still a remote possibility. https://t.co/3MexhtlZkt ...

Market Reaction to Middle East Conflict - Historically, Middle East conflicts have led to oil price increases due to market anticipation of supply disruptions, given the region's centrality to global supply [1] - Currently, the oil market is not preemptively pricing in potential supply disruptions, possibly due to past overreactions that did not materialize [2][3] US Shale Revolution Impact - The US has significantly increased its oil production from approximately 750 万 (7.5 million) barrels per day 20 years ago to nearly 2100 万 (21 million) barrels per day [4] - Reduced US reliance on oil flow from the Strait of Hormuz may be contributing to traders' decreased need to price in risk for potential disruptions [4] Key Takeaway - The current Middle East conflict is occurring in the "post US shale revolution era," impacting global oil market dynamics [3][4]

Watch These Key WTI Levels as Oil Prices Swing Wildly Amid Middle East Conflict https://t.co/ZpVTR1bDu8 ...

Anna Edwards, Guy Johnson, Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." Chapters: 00:00:00 - MLIV 00:00:07 - Oil Prices Dropping Fast 00:01:03 - US Dollar Headed Lower 00:01:34 - Can Fed Cut Rates? 00:02:38 - Bond Market Up -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www. ...

Market Concerns & Inflation - Markets were initially concerned about the Middle East situation, particularly potential Strait of Hormuz closure or energy infrastructure damage, which could significantly increase inflation [1] - Oil prices potentially rising above $100 per barrel due to Strait closure could push inflation back above 5% and gas prices above $5 per gallon [2] - Easing Middle East tensions are causing oil prices to decline, suggesting a more positive inflation outlook and potentially allowing the Federal Reserve to lower interest rates [2][8] - Lower energy prices could offset some inflationary impact from tariffs [2] - Markets are currently more relieved by developments in Iran than concerned about upcoming tariffs [3] Federal Reserve & Tariffs - Federal Reserve Chair Powell is maintaining a "wait and see" approach regarding tariffs [4] - Recent economic data, including weaker economic surprise indexes, decelerating job growth, and friendly inflation prints, may be pushing the Federal Reserve towards easier monetary policy and another rate cut [5] - The final tariff terms, implementation, and pass-through to inflation are still unknown [6] - The debate now includes more voices on the dovish side, which is net bullish for investors [7] Market Sentiment - Market recovery is driven by optimism regarding no further escalation or potential resolution in the Middle East [8] - Lower energy prices are bullish for the markets [8] - Market pricing is heavily influenced by day-to-day news [9]

U.S. equities were higher at midday as concerns oil prices would spike because of the U.S. attack on Iran diminished. https://t.co/cgZT44lV1N ...

I guess if you take away the worst case scenario, that's actually helpful for lower oil prices. A couple of things to consider, though. One, Ali McCrossin RBC said over the weekend that she would caution against that knee jerk reaction that, quote, The worst is behind us.Now, the other factor to consider here, irrespective of the supply issue that may or may not happen with Iran is the demand side. So there's been a lot of stockpiling by China, a lot of stockpiling by other countries within the West as well ...