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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71 sats \ 4 replies \ @watchmancbiz 14 Mar
Yea, I noticed oil stocks are up today however crypto stocks like COIN & MSTR are down now.
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60 sats \ 3 replies \ @TomK OP 14 Mar
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.
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21 sats \ 2 replies \ @BlokchainB 14 Mar
Been watching Xom last few months little to no volatility
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60 sats \ 1 reply \ @TomK OP 14 Mar
Boring stuff. Until geopolitics sets in
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0 sats \ 0 replies \ @BlokchainB 14 Mar
Very boring
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21 sats \ 3 replies \ @Undisciplined 14 Mar
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?
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24 sats \ 2 replies \ @TomK OP 14 Mar
Now do the Euro....
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21 sats \ 1 reply \ @Undisciplined 14 Mar
My condolences
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24 sats \ 0 replies \ @TomK OP 14 Mar
Don't worry. I have Euros to pay my bills for two months
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