Oil prices plummeted in early trading on Wednesday as traders reacted to another rise in U.S. oil inventories, and signals continue to mount that global supply is running ahead of demand. At the time of writing, WTI was trading at $58.91 per barrel, down 3.01% on the session... While Brent slipped to $63, down by roughly 2.91%. The drop came after prices had climbed in the previous session on the back of Trump announcing interviews for a new Fed chair, a statement that briefly lifted risk sentiment by ...

ab 14 November 2025 Oil prices might recover in 2026-28E, China demand dragged by gasoline/diesel Crude oil: UBS projects Brent crude oil price to average US$64/70/75/bbl in 2026-28, with expectations that the second tranche of OPEC+'s voluntary cuts of 1.65Mb/d may end in Dec 2026 and the effective production increase may be 40% of the headline numbers. Oil prices could improve from later part of 2026, in UBS view. Weak gasoline and diesel consumption might further weigh on China demand and we project 4.4% ...

Oil traded little changed as signs that activity had resumed at a key Russian port countered wider geopolitical risks to prices. Brent was near $64 a barrel after closing more than 2% higher on Friday following an attack on Novorossiysk, while West Texas Intermediate traded around $60. Two tankers moored on Sunday at the facility, indicating operational activity at the terminals. Most Read from Bloomberg “Brent crude oil prices continue to fluctuate in a $60-$70 a-barrel range, with the market focus sh ...

Core Viewpoint - Gasoil prices are an exception to the general decline in energy prices observed since the beginning of the year, with Brent crude oil being 14% cheaper [1] Group 1: Price Trends - Most energy prices have decreased since the start of the year, but gasoil has not followed this trend [1] - The next-due gasoil contract on the Intercontinental Exchange is showing resilience despite the overall market decline [1]

By Seher Dareen LONDON (Reuters) -Oil prices fell over 1% on Tuesday as OPEC+'s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger dollar weighed on the market. Brent crude futures fell 82 cents, or around 1.3%, to $64.07 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was down 84 cents, or 1.4%, at $60.21 a barrel. "The succession of poor manufacturing PMIs from Asia and then the U.S. ISM is a worry for oil demand. So is the ever pre ...

Summary of OPEC+ Conference Call Industry Overview - **Industry**: Oil and Gas - **Key Organization**: OPEC+ (Organization of the Petroleum Exporting Countries and its allies) Core Points and Arguments 1. **Production Quota Adjustments**: OPEC+ announced a pause in production quota hikes for the first quarter of 2026, maintaining a cautious approach due to seasonal demand fluctuations [2][14] 2. **Recent Quota Increases**: The Group-of-8 within OPEC+ had previously increased production quotas by 137 thousand barrels per day (kb/d) for December, reversing voluntary cuts made in April 2023, totaling 1.65 million barrels per day (mb/d) [1][11] 3. **Price Forecast Adjustments**: Following OPEC's announcement and recent sanctions, the price forecast for Brent crude was modestly increased from $57.5 to $60 per barrel for the first half of 2026 [5][15] 4. **Market Surplus Expectations**: A significant surplus in the oil market is anticipated in 2026, particularly in the first half, with expectations of price softening without OPEC intervention [15][16] 5. **Production Estimates Variability**: The range of estimates for OPEC production has widened significantly since early 2023, now regularly exceeding 2.5 mb/d, indicating measurement challenges [3][10] 6. **Discrepancy Between Quota and Production**: There is a notable gap between OPEC's production quotas and actual production, with estimates suggesting only a 0.5 mb/d increase in production despite a 2.6 mb/d quota increase from March to October [11][12] 7. **Future Production Outlook**: It is expected that OPEC production growth will be limited in 2026 due to diminished spare capacity, with demand growth gradually reducing the surplus by the second half of 2027 [16][17] Additional Important Insights 1. **OPEC's Proactive Stance**: The decision to pause quota hikes signals that OPEC is responsive to market conditions, countering previous perceptions of an 'auto-pilot' approach [14] 2. **Impact of Sanctions**: Recent sanctions against Russian oil assets are expected to increase demand for Brent-linked crudes, contributing to the upward price adjustment [15] 3. **Long-term Price Projections**: Brent prices are projected to rise to $65 per barrel by the second half of 2027 as the market gradually returns to balance [17] This summary encapsulates the key discussions and insights from the OPEC+ conference call, highlighting the organization's strategic decisions and market implications.

Core Insights - Oil prices are fluctuating as traders assess OPEC+ alliance's decision to pause output increases in anticipation of slowing demand and potential oversupply in the market [1][4] Group 1: OPEC+ Production Decisions - OPEC+ has decided to halt production hikes starting January, reflecting expectations of a seasonal slowdown in demand [1][3] - The decision does not significantly alter production forecasts but signals the group's responsiveness to market conditions [3] - OPEC+ members have approximately 1.2 million barrels per day of supply still to restore, with actual output increases falling short of planned volumes [3] Group 2: Market Reactions and Price Forecasts - Brent crude has decreased by about 10% over the past three months due to increased output from OPEC+ and non-OPEC producers [2] - Following the OPEC+ announcement, Morgan Stanley raised its near-term price forecast for Brent while cautioning about a potential substantial surplus [4] Group 3: Geopolitical Factors - Traders are monitoring potential disruptions in oil flows due to a Ukrainian drone attack that damaged loading facilities in the Black Sea [5] - The geopolitical landscape is further complicated by threats from the U.S. regarding military action in Nigeria, Africa's largest oil producer [6]

OPEC+同意在12月将石油日产量提高13.7万桶，明年一季度暂停增产石油。摩根士丹利将2026年上半年布伦特原油价格预期从57.50 美元/桶上调至60美元/桶。指出OPEC配额与实际产量之间出现了巨大差距，估计3月至10月期间，欧佩克仅增加50万桶/日，远低于此前宣布的260万桶/日的配额增幅。 ...

Core Insights - TotalEnergies SE (TTE) reported third-quarter 2025 operating earnings of $1.77 per share, missing the Zacks Consensus Estimate of $1.81 by 2.2%, but improved 1.7% from the previous year's figure of $1.74 [1][9] - Total revenues for the third quarter were $48.69 billion, a decline of 6.4% from $52.02 billion year-over-year, yet exceeded the Zacks Consensus Estimate of $41.1 billion by 18.5% [2][9] Production and Revenue Details - Hydrocarbon production averaged 2,508 thousand barrels of oil equivalent per day, up 4.1% year-over-year, driven by start-ups and ramp-up from existing assets [3] - Liquid production averaged 1,553 thousand barrels per day, an increase of nearly 5.9% year-over-year [3] - Quarterly gas production was 5,182 thousand cubic feet per day, up 1.7% year-over-year [4] Pricing Information - The quarterly realized price for Brent decreased by 13.9% to $69.1 per barrel from $80.3 in the previous year [5] - Average realized liquid price was $66.5 per barrel, down 13.6% year-over-year [5] - Realized gas prices increased by 4.8% year-over-year to $5.5 per thousand British thermal units [5] - Realized LNG prices fell by 10.1% year-over-year to $8.91 per thousand Btu [5] Financial Highlights - Net power production was 12.6 terawatt hours, up 13.5% year-over-year, with nearly 65% generated from renewable sources [6] - Net operating income was $4.66 billion, a 0.5% increase year-over-year, attributed to strong performance in the Refining & Chemical segment [6] - Cash and cash equivalents as of September 30, 2025, were $23.41 billion, down from $25.84 billion at the end of 2024 [12] - Cash flow from operating activities in Q3 2025 was $8.35 billion, up 16.4% year-over-year [12] Segment Performance - Exploration & Production's operating earnings were $2.16 billion, down 12.6% from $2.48 billion year-over-year [10] - Integrated LNG's operating income was $0.85 billion, down 19.8% from $1.06 billion in the previous year [10] - Integrated Power's operating income increased by 17.7% to $571 million from $485 million year-over-year [10] - Refining & Chemicals' operating income surged by 185.1% to $687 million from $241 million in the prior-year quarter [10] - Marketing & Services' operating income rose by 4.4% to $380 million from $364 million in Q3 2024 [11] Future Outlook - TotalEnergies expects fourth-quarter 2025 production volumes to be between 2,525-2,575 Mboe/d [13] - The company anticipates investing between $17-$17.5 billion in 2025 and plans to buy back shares worth up to $1.5 billion in Q4 [13]

Core Insights - Oil prices are experiencing a three-day decline as investors evaluate the effects of Western sanctions on major Russian crude producers and mixed estimates of US inventory changes [1][4]. Group 1: Market Dynamics - Brent crude is trading above $64 per barrel, while West Texas Intermediate is near $60 [2]. - The market is assessing the long-term impact of additional sanctions, which will depend on the actual volume of barrels removed from supply [4]. - Oil is on track for a third consecutive monthly decline, influenced by expectations of a global surplus as OPEC+ plans to increase production [5]. Group 2: Geopolitical Factors - The US plans to enforce stringent new sanctions against Russia to pressure President Putin into negotiations regarding the Ukraine conflict [2]. - Indian state-owned refiners are evaluating their ability to continue purchasing discounted Russian oil under the new sanctions, with Indian Oil Corp. stating it will maintain purchases as long as it complies with international sanctions [3]. Group 3: Inventory Reports - A US industry report indicated a 4-million-barrel decrease in nationwide crude holdings, alongside reductions in gasoline and distillates [6]. - However, there was an increase in inventories at the key hub in Cushing, Oklahoma, with official figures expected to be released later [6].