Scorpi18 | Market Insights
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Insights and analysis of the global financial market by investment advisor Sergio Shalamov.

Note: This is not an investment advice.

Chat for investors: https://t.me/+lLbjdcohKhc5MDBi

Contact: @invoyager

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πŸ›’#oil #short
oil market is now net short again
β—οΈπŸ›’#oil #macro
global oil demand continues to break records
πŸ›’#oil #gas #forecast
Fitch has updated its forecasts for oil and gas in 2024, 2025, and 2026

#PBT
βš οΈπŸ›’#oil
oil market glut threatens to push prices lower this year. At issue is rising crude production from non-OPEC+ nations including the US, which could outstrip global demand that’s still growing but at a slower pace. The oil cartel’s response has been to pledge deeper output cuts, but traders are skeptical they’ll be sufficiently implemented to fully eliminate a surplus β€” BBG

US total crude oil production = Record
β—οΈπŸ›’#oil
hedge funds most bearish on oil in over a decade
πŸ›’πŸ‡ΊπŸ‡ΈπŸ‡¨πŸ‡¦#oil #gas #us #canada #opec
US and Canada together pumped more oil and gas in 2023 than the whole of the Middle East - OPEC+ should be concerned about it β€” The Economist
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earlier: US total crude oil production = Record
βš οΈπŸ›’#oil #forecast #opinion
Doomberg, a well-known critic of the energy transition and renewable energy, claims that the world is entering an era of hydrocarbon oversupply = the price of oil (in terms of gold) will only decrease in the long run.
πŸ›’πŸ‡ΊπŸ‡Έ#oil #gas #us
US - Oil production is increasing while oil field drilling is decreasing.
β—οΈπŸ›’#oil #forecast #macro
the oil market could be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand β€” Occidental CEO
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earlier, OPEC estimated the total investment needed in the oil sector by 2045 to be $14T #capex

BP: investment in oil and gas production will still be required for the next 30 years

⚠️ but Doomberg asserts that the world is moving into an era of hydrocarbon oversupply
πŸ›’πŸ‡ΊπŸ‡Έ#oil #us #macro
BI: a wave of mergers and acquisitions in the US oil industry means the US oil production boom may be over
πŸ›’πŸŒ•#oil #gold #macro
Crescat: even by historical standards, oil is very cheap when priced in gold
πŸ›’πŸŒ•#oil #forecast #gold #correlation
McClellan: gold and oil have historically shown a strong positive correlation, with oil lagging gold by 19.8 months. Current conditions suggest an imminent bottom in the oil market.
πŸ›’#oil #forecast #marketsize
Goldman: peak oil demand to occur by 2034 β€” report

Goldman remains optimistic about the petrochemical industry and the production of middle distillates (diesel and jet fuel). #petrochemical #refining #biofuel
β—οΈπŸ›’#oil
hedge funds have cut their long positions in Brent futures to the lowest level ever recorded β€” data of CFTC
πŸ›’#oil #macro #gold
oil, in gold terms, is at a historic low.
πŸ›’#oil
BBG: hedge funds and asset managers have cut their bullish bets on WTI oil to a 14-year low.