Oil
Search documents
Oil Rises in Asia; Geopolitical Tensions in Focus
WSJ· 2026-01-20 01:30
Core Viewpoint - Oil prices increased in early Asian trading following a moderate decline in Brent and WTI crude oil prices overnight [1] Group 1 - Brent and WTI crude oil experienced a moderate decrease prior to the rise in oil prices during early Asian trading [1]
Scotiabank and Wolfe Research Cut Exxon Mobil (XOM) Price Targets
Yahoo Finance· 2026-01-19 12:27
Exxon Mobil Corporation (NYSE:XOM) is one of the 12 Best American Energy Stocks to Buy Now. On January 16, Scotiabank reduced its price target on Exxon Mobil Corporation (NYSE:XOM) from $155 to $128 and maintained its Outperform rating on the stock. The research firm is updating its price targets for US integrated oil companies, refining companies, and large-cap exploration and production stocks that it covers. Scotiabank expects quarterly earnings to be straightforward, as there were no major winter weat ...
Meren Energy: Weakness Is Opportunity
Seeking Alpha· 2026-01-19 05:43
Company Overview - Meren Energy (MRNFF) is a small-cap oil company valued at $940 million, primarily focused on its producing assets in Nigeria and other locations [2] Investment Strategy - The Value Portfolio emphasizes a fact-based research strategy to identify investments, which includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2] - The Retirement Forum, led by a seasoned analyst, offers model portfolios, macroeconomic overviews, in-depth company analysis, and retirement planning information to help maximize capital and income [2] Analyst Position - The analyst has a beneficial long position in MRNFF shares through stock ownership, options, or other derivatives, indicating a personal investment in the company [3]
Oil prices steady as ebbing Iranian protests lower chance of US attack
Reuters· 2026-01-19 02:17
Core Viewpoint - Oil prices remained stable on Monday following a rise in the previous session, influenced by the reduction of civil unrest in Iran due to a crackdown on protests, which in turn decreased the likelihood of a U.S. military response [1] Group 1 - Oil prices were little changed on Monday after experiencing an increase in the prior session [1] - The civil unrest in Iran has been quelled due to a deadly crackdown on protests, impacting market perceptions [1] - The reduced chance of a U.S. attack on Iran is linked to the stabilization of the situation within the country [1]
Trump Wants Venezuela's Oil. History Says Tread Carefully.
Barrons· 2026-01-18 07:00
Core Viewpoint - Oil companies should consider historical U.S. activities in the region before making new investments [1] Group 1 - The article suggests that oil companies may be eager to re-enter the market but should reflect on past U.S. exploits to avoid repeating mistakes [1]
Oil’s Problem Isn’t Iran or Russia — It’s Too Much Oil
Yahoo Finance· 2026-01-18 00:00
Crude oil prices are in retreat after rising on the possibility of U.S. strikes on Iran. Before the retreat, however, Brent crude and WTI had jumped to the highest in months, countering bearish forecasts for the year—and tearing traders between geopolitics and fundamentals. In fundamentals, the majority of observers and forecasters are unanimous that the supply of crude oil is substantially higher than demand. In fact, Goldman Sachs recently revised its price predictions for 2026, saying it now expected B ...
From Iran to Venezuela, why the oil market is on edge this weekend
MarketWatch· 2026-01-17 01:46
Core Viewpoint - The article highlights the extensive experience of Myra P. Saefong in covering the commodities sector for MarketWatch, emphasizing her role in providing insights into market trends and developments over the years [1] Group 1 - Myra P. Saefong has been with MarketWatch for 20 years, focusing on the commodities sector [1] - She has written the daily Futures Movers and Metals Stocks columns, showcasing her expertise in market analysis [1] - Since 2005, she has been contributing to the weekly Commodities Corner column, further solidifying her position as a knowledgeable figure in the industry [1]
Energy stocks help S&P/TSX composite end higher
Investment Executive· 2026-01-16 22:24
“You’re seeing an improved outlook on oil with the potential for regime change in Iran, but also some news that there’s going to be less investment in new oil coming through, and that is going to tighten up supply, and that’s helping to contribute to higher prices,” Petursson said.The March crude oil contract was up 26 cents US at US$59.34 per barrel.Meanwhile, the consumer cyclicals sector weighed on Canada’s benchmark index with weakness coming from the auto sector, which Petursson said appeared to be the ...
Wall Street Is Split on Stock Market’s Top-Performing Sector
Yahoo Finance· 2026-01-16 10:30
A market-beating rally in energy stocks amid flaring geopolitical tensions has sparked a debate about how long the momentum will last. Energy has been the best-performing sector in the S&P 500 Index in the past three months, following crude prices higher as the Trump administration pursued a takeover of Venezuela’s oil industry and threatened to intervene in deadly protests in Iran. Most Read from Bloomberg Walter Todd, chief investment officer at Greenwood Capital Associates, said his firm is overweig ...
Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million
CNBC· 2026-01-16 02:15
Core Insights - The U.S. has begun selling Venezuelan crude oil, achieving approximately 30% higher prices compared to previous sales, as stated by Energy Secretary Chris Wright [1][2] - The first sale of Venezuelan oil is valued at around $500 million, with more sales anticipated in the near future [2] - The U.S. aims to restore political stability in Venezuela following the capture of former President Nicolas Maduro by special forces [3] Oil Sales and Market Impact - The U.S. Department of Energy has indicated that oil sales from Venezuela will continue indefinitely, with an initial tranche of 30 to 50 million barrels expected to be sold at market prices [3][4] - Venezuela possesses the world's largest proven crude reserves, estimated at 303 billion barrels, but its oil production has significantly declined to about 800,000 barrels per day from a peak of 3.5 million barrels per day in the 1990s [4] Investment and Industry Outlook - President Trump announced that oil companies are expected to invest at least $100 billion to revitalize Venezuela's energy sector, with assurances of security to attract investors [5] - Industry leaders from major oil companies, including Exxon and Chevron, have expressed concerns about the current state of the Venezuelan market, labeling it as "uninvestable" [5] - The ongoing global oil market faces a supply overhang, impacting prices, with Brent futures at $63.85 per barrel and U.S. West Texas Intermediate crude at $59.31 [6] Political and Human Factors - Experts highlight that Venezuela's oil challenges are fundamentally human and political rather than technical or commercial, indicating that investor confidence is crucial for long-term capital investment [7]