The president planning to go to the Middle East to mark the Israel Hamas peace deal in the next few days. Joining us to talk about how a cooling of tensions in the Middle East might impact the energy markets is Haleem Croft, RBC Capital Markets managing director, global head of commodity strategy. Haleem, good to see you.Thanks for the help today. Thank you for having me on. I I wonder what you make of the the action in oil.Uh yesterday some were taken back that there really wasn't much, but that's clearly ...

An easing of tensions in the Middle East may reduce the risk premium currently built into oil prices, ...

Group 1 - The P/E ratio is a key metric for assessing a company's market performance relative to historical earnings and industry standards [4] - Ovintiv has a P/E ratio of 17.65, which is higher than the industry average P/E ratio of 16.14 for the Oil, Gas & Consumable Fuels sector [5] - A higher P/E ratio may suggest that Ovintiv is overvalued despite potentially better future performance compared to its industry group [5] Group 2 - The P/E ratio has limitations and should not be used in isolation; it must be considered alongside other financial metrics and qualitative factors [7] - A lower P/E can indicate undervaluation but may also reflect a lack of expected future growth from shareholders [7] - Industry trends and business cycles can significantly impact a company's stock price, necessitating a comprehensive analysis for informed investment decisions [7]

Sable is seeking the Trump administration’s help to jumpstart a California oil project stalled by red tape https://t.co/1veRMavQVF ...

Core Viewpoint - Oil futures are declining as a U.S.-mediated agreement aims to resolve the Israel-Hamas conflict, reducing geopolitical risks in the market [1] Group 1: Geopolitical Impact - The agreement has led to decreased fears of regional escalation that could disrupt energy supply routes [1] - Analysts suggest that this initial step may facilitate more extensive negotiations with Iran, further alleviating pressure on crude oil prices [1] Group 2: Market Dynamics - Additional downside risks for crude oil include record U.S. production levels [1] - OPEC+ is increasing output, which may also contribute to downward pressure on prices [1] - Ongoing trade tensions could negatively impact demand for oil [1]

Oscar Wyatt, the Houston oilman who once served prison time for paying kickbacks to Saddam Hussein’s government in Iraq to win contracts at a time when the United Nations was enforcing limits on sales of Iraqi oil, has died. He was 101 https://t.co/71VxV6KJVT ...

Core Viewpoint - Oil prices remained stable as investors focused on a potential peace deal in Gaza that may reduce geopolitical risks in the Middle East [1] Group 1: Oil Market Reaction - Brent crude and WTI prices increased by 0.3%, reaching $62.19 and $66.43 per barrel, respectively, after initially opening lower [1] - The immediate effect on oil markets is expected to be a slight decrease in the geopolitical risk premium, estimated at about 1%-2% of the current Brent price [2] Group 2: Long-term Implications - If the peace plan proves credible and leads to stable peace, its impact on oil prices could be more structural and profound [2]

Core Insights - The amount of oil in transit has reached 1.2 billion barrels, the highest level since 2016, indicating an oversupply situation in the market [2][3] - China is significantly increasing its oil storage capacity, with plans to build 11 new storage sites, adding approximately 169 million barrels of capacity by 2026 [5] - Despite a global oversupply, China is stockpiling crude oil at a rate of nearly 1 million barrels per day, raising questions about its demand strategy [6] Group 1: Oil Supply and Demand Dynamics - The high volume of oil in transit suggests that demand is not keeping pace with supply, as much of the oil is being moved in search of buyers rather than fulfilling pre-existing contracts [3] - The current situation reflects a broader trend of increased production from key oil-producing countries, contributing to the oversupply [2] Group 2: China's Strategic Moves - China's state-owned energy companies are taking advantage of low oil prices to build up inventories, which has been a consistent strategy since early 2025 [4][5] - The new storage capacity being added is significant compared to previous years, indicating a strategic long-term approach to oil procurement [5] - Analysts note that China's stockpiling efforts are occurring despite a lack of domestic demand, suggesting a calculated move to prepare for future supply increases [6]

Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided may not be accurate or in real-time, and prices may be sourced from market makers rather than exchanges [1] - The article warns that trading decisions should be made at the individual's full responsibility, and reliance on the information provided is discouraged [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages individuals to perform their own research and understand the risks involved before investing in any financial instruments [1] - The content does not constitute any recommendation or advice for taking specific actions, including investments [1]

Core Insights - U.S. oil production is projected to reach a record average of 13.53 million barrels per day (bpd) in 2023, an increase from the previous forecast of 13.44 million bpd, surpassing last year's average of 13.23 million bpd [1][3] Production Forecast - The increase in U.S. oil output is attributed to higher production levels in July and an upward revision for offshore U.S. Gulf production, which is expected to average 1.89 million bpd this year, up from 1.84 million bpd [3][4] Price Outlook - Despite the production increase, the Energy Information Administration (EIA) warns of an oversupplied oil market, predicting that crude oil inventories will rise and exert downward pressure on prices [2] - U.S. West Texas Intermediate crude prices are expected to average around $65 per barrel in 2023, reflecting a 15% decline from the previous year, while Brent crude prices are projected to average approximately $68.64 per barrel, also down nearly 15% from last year [2]