The latest move by the International Energy Agency (IEA) to slightly increase its projections for oil demand growth signals a nuanced shift in market dynamics. With an eye on improved prospects in the USA and a surge in strategic stockpiling efforts, the agency has recalibrated its global supply estimates in response to the cautious stance adopted by OPEC+. The revised projection now points to a modest uptick in oil demand by 1.3 million barrels per day, edging past the earlier estimate of 1.2 million barrels per day.
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Yea, I noticed oil stocks are up today however crypto stocks like COIN & MSTR are down now.
i do believe that there will come a point at which energy stocks could be interesting. this could become a very interesting trade over the next few years. also because of the low CAPEX expenditure.
Been watching Xom last few months little to no volatility
Boring stuff. Until geopolitics sets in
Very boring
I've noticed the price of gas rising. After more than a year of the USD supply shrinking and all the recent capital flight into the dollar, when is the "strong" dollar going to manifest in greater purchasing power?
Now do the Euro....
My condolences
Don't worry. I have Euros to pay my bills for two months