OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 05/26/23

2023-05-26 22:40:00 ET Summary It’s been a rough year or so for energy, but let’s not forget the significant headwinds prevailing for oil prices in recent times. Following OPEC’s surprise production cut in April, hedge funds and the like have once again resume...

2023-05-26 22:00:00 ET Summary One of the great myths of finance, embedded over many decades of thinking, has been that the cost of oil, WTI, is a major factor for inflation. Blaming the Ukraine/Russia conflict on inflation became the norm after Feb 2022. Inflation is always a...

2023-05-24 00:03:00 ET Summary The shock waves of scarcity have swept across the world, from empty shelves in supermarkets to dwindling natural resources, creating a stark reality that we've begun to call the era of "Peak Everything." Our energy landscape is a case in point, as en...

2023-05-22 21:15:00 ET Summary The S&P 500 Index made a new high for 2023 last week while its cousin – the S&P 500 Equal Weighted Index – was actually down for the year at the lows of last week. With Republicans walking out of debt ceiling negotiations last F...

2023-05-20 06:49:00 ET Summary OPEC crude output was revised lower in February 2023 by 10 kb/d compared to last month’s report, and March 2023 OPEC crude output was revised lower by 3 kb/d. World All Liquids Supply fell to 101.3 Mb/d in April 2023, a decrease of 0.5 Mb/d fr...

2023-05-16 01:05:00 ET Summary April showed a slight downturn for commodities. The gains of the agriculture and livestock sectors were not enough to offset industrial metals, the weakest sector. Lingering economic growth concerns triggered by the March regional banking crisis and ...

2023-05-15 22:57:00 ET Summary At the beginning of April 2023, WTI Crude Oil surged by $5 in one day to over $80 per barrel as OPEC+ announced production cuts. After that, oil fell back, and by early May had dropped below $70 per barrel. Russian oil production remains high des...

2023-05-13 07:00:00 ET Summary The oil market has given back all of its gains made following the latest OPEC+ supply cut announcement. Instead, it's the macro story which has dictated price action. While there may be a bit more downside in the near term, the outlook for the se...

2023-05-13 03:06:00 ET Summary Lower oil price weighed on quarterly earnings. Companies are still able to make money at current levels, though. Potential for more shareholder returns in the coming quarters. Energy stocks are a major component of the TSX index...

2023-05-12 00:05:00 ET Summary January Non-OPEC oil production increased by 583 kb/d to 51,166 kb/d. The largest increase came from the US, 347 kb/d. From February 2023 to December 2024, oil production in Non-OPEC countries is expected to increase by 1,374 kb/d. The major cont...