OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 09/26/23

2023-09-26 07:00:00 ET Summary Life for the European Central Bank has become even more complicated as surging oil prices add to the trilemma of how to balance slowing economies, the delayed impact of the rate hikes so far and still too-high inflation. Oil prices are currently up b...

2023-09-25 21:35:00 ET Summary The Federal Open Market Committee (FOMC) statement seemed dovish, at first, but then the FOMC signaled that one more Fed rate hike was not only possible, but likely. Crude oil prices have risen 30% since June, as fears of further supply shortages per...

2023-09-20 05:49:00 ET Summary The oil market has seen quite the move in recent months. ICE Brent is up more than 25% so far this quarter and broke above $95/bbl briefly. Tightening fundamentals support this move and we are likely to see Brent breaking above $100/bbl in the near t...

2023-09-20 03:15:00 ET Summary OPEC crude output was revised higher in July 2023 by 26 kb/d compared to last month’s report and June 2023 OPEC crude output was revised higher by 54 kb/d. World liquids output increased about 3.5 Mb/d in the past 23 months (from 96.2 Mb/d in ...

2023-09-19 01:18:28 ET Summary Massive shortage in production and refining continues, with a shortfall of almost a million barrels per day. Demand remains strong, hitting a record of 102.8 bpd in July, with forecasts of deficits in the future. The oil market is at risk of a si...

2023-09-18 04:24:00 ET Summary The post-September options expiration window of weakness could usher in a period of volatility. Market internals and investor positioning continue to suggest further upside for risk assets. Energy markets looking stretched. One ...

2023-09-18 03:00:00 ET Summary For retirees, high-dividend stocks can be an important source of income while also offering appreciation potential. Higher-yielding stocks have produced better returns than dividend growth and the broader market. Growth stocks do well and it is t...

2023-09-16 03:10:00 ET Summary The Federal Open Market Committee will meet next week to determine whether to raise interest rates again. The broad consensus among those who pay attention to the FOMC’s doings is that they will not raise rates. The inflation measure the Fed p...

2023-09-14 05:08:00 ET Summary May Non-OPEC oil production dropped by 412 kb/d to 50,010 kb/d. The largest decreases came from Canada 118 kb/d and Russia 193 kb/d. OPEC’s C + C production decreased by 592 kb/d in May while YoY it increased by 39 kb/d. The China National...

2023-09-13 02:00:00 ET Summary Recently, there have been quite large changes on the world markets from the point of view of exports/imports of crude oil and petroleum products. According to the Market Intelligence GTAS Forecasting, Saudi Arabia is the main oil exporter followed by...