The big crude oil tanker that U.S. forces seized on Wednesday off the coast of Venezuela since 2024 has shown a "clear pattern" of spoofing its location to hide where it actually was, according to a leading energy consulting firm.And data suggests that the Guyana-flagged tanker identified as "Skipper" since 2022 has carried sanctioned oil from Iran and Venezuela.The oil industries of both nations are under U.S. sanctions, and Skipper has been under sanction by the Office of Foreign Assets Control since 2022 ...

Group 1 - The projected surplus in the oil market has narrowed due to lower OPEC+ production [1] - A significant supply overhang continues to impact the market outlook [1]

China’s robust stockpiling of crude is expected to continue next year, helping to cushion global markets from a swelling surplus, but masking a broader trend of slowing oil demand growth https://t.co/ltUvnNWgur ...

The U.S. seized an oil tanker off the coast of Venezuela, President Donald Trump said Wednesday, in a move likely to ramp up tensions with the government of President Nicolas Maduro. ...

Shell is planning to dissolve a partnership with Russia’s Rosneft through which the two oil giants jointly own a stake in a pipeline from Kazakhstan https://t.co/B2PDicgJnf ...

Ever since President Trump ordered the first strike on a boat offshore Venezuela, speculation about a direct intervention in the South American country with a view to regime change has been rife. Much of that has focused on oil, for obvious reasons. For those very same reasons, a U.S. regime change in Venezuela would have far-reaching implications. Venezuela has the largest proven reserves of crude oil in the world. Most of those reserves are heavy crude, for which U.S. Gulf Coast refineries are calibrate ...

Core Viewpoint - Exxon Mobil Inc. is experiencing a current share price of $118.09, reflecting a 1.82% increase, but has seen a 1.41% decrease over the past month and a 5.51% increase over the past year [1] Group 1: P/E Ratio Analysis - The P/E ratio is a critical metric for long-term shareholders to evaluate the company's market performance against historical earnings and industry standards [5] - Exxon Mobil has a P/E ratio of 16.86, which is lower than the industry average P/E ratio of 18.59 in the Oil, Gas & Consumable Fuels sector [6] - A lower P/E ratio may suggest that shareholders expect the stock to perform worse than its peers or that the stock is undervalued [6] Group 2: Limitations of P/E Ratio - While a lower P/E can indicate undervaluation, it may also imply a lack of expected future growth [9] - The P/E ratio should not be analyzed in isolation; other factors such as industry trends and business cycles also influence stock prices [10] - Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analyses for informed investment decisions [10]

The oil market is headed for a “super glut” next year as a wave of new supplies may run up against sluggish demand, global commodities trader Trafigura says https://t.co/T8CSryGOPy ...

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Group 1: RBA's Hawkish Shift and Economic Indicators - The Reserve Bank of Australia (RBA) is adopting a more hawkish outlook due to recent economic data, with inflation figures exceeding forecasts and remaining above the RBA's target band [2][3] - Australia's latest inflation data shows a headline CPI increase to an annual rate of 3.8% and a trimmed mean of 3.3%, indicating "uncomfortably hot" inflation, particularly in housing and services [2] - October's household spending data revealed a 1.3% increase, the strongest monthly rise since January 2024, suggesting robust consumer activity and altering the narrative on Australia's economic caution [3] Group 2: Market Reactions and Expectations - Swaps markets are fully pricing in a 25 basis point increase in the RBA cash rate to 3.85% by November of next year, reflecting heightened expectations for rate hikes [3] - The AUD/USD currency pair has shown a bullish bias in response to these developments, indicating potential upside as it approaches resistance levels [3] Group 3: Oil Market Dynamics - The global oil market is experiencing a trend of narrowing backwardation, particularly in WTI crude futures, suggesting ample near-term supply [6][7] - WTI crude futures for November delivery settled with a 47 cent premium over the May 2026 contract, marking the narrowest spread since January of the previous year [6] - Analysts attribute this narrowing to increased supply from OPEC+ and seasonal refinery maintenance in the U.S., which is impacting demand for immediate barrels [7] Group 4: Uber's Investment in Japan - A report from Nikkei indicates that Uber plans to invest $2 billion in Japan over a five-year period, although specific details regarding the investment focus or timeline are not available [9] - Historically, SoftBank Group Corp. has had significant dealings with Uber, including substantial investments, and recently announced a joint venture with OpenAI in Japan [9]