OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 10/13/23

2023-10-13 00:38:00 ET Summary The October STEO is projecting June Non-OPEC oil production to increase by 1,069 kb/d to 51,079 kb/d. July 2023 production is projected to increase by 474 kb/d, the majority of which occurs in the later half of 2024. The China National Bureau of ...

2023-10-11 06:30:00 ET Summary The Israel-Hamas War has shocked the world and brought geopolitical risk to the forefront of global conversation. The September "dot plot" from the Federal Open Market Committee triggered fears that the US Federal Reserve would keep interest rates "h...

2023-10-10 05:00:00 ET Summary The cross-border attacks on Israel have reverberated through financial markets, causing notable impacts on the energy sector. The escalating conflict has likely decreased the chances of near-term normalization in Saudi-Israeli relations. Persiste...

2023-10-09 21:10:00 ET Summary The stock market trended down most of last week, but investors’ animal spirits were lifted on Friday after an unexpectedly positive jobs report was released, as well as some positive earnings reports. The S&P 500 rose 1.2% on Friday to hel...

2023-10-09 00:51:00 ET Summary Oil has unsurprisingly opened higher this morning after Hamas launched a large attack on Israel over the weekend to which Israel has retaliated. The market has started to price in a war risk premium given the uncertainty over how the situation evolve...

2023-10-06 22:17:00 ET Summary The window of weakness for stocks is closing, could this presage of a blow-off top to close out the year? The risk for stocks could again be to the upside. A constructive correction in crude oil. One: The window of weakness is closing...

2023-10-05 21:33:00 ET Summary Oil saw its largest daily sell-off since July 2022 yesterday, with Brent settling 5.62% lower. This was despite no change in OPEC+ output policy, whilst the Saudis and Russia reaffirmed that their additional voluntary cuts will continue through to ye...

2023-10-05 05:31:00 ET Summary U.S. July oil production increased by 91 kb/d to 12,991 kb/d. The large increase was primarily due to a 73 kb/d increase in the GOM and a 72 kb/d increase in Texas. New Mexico’s July production rose by 11 kb/d to 1,781 kb/d. Lea + Eddy rose by...

2023-10-04 23:35:00 ET Summary The big technology stocks have been able to hold up the market, while small- and medium-caps have sold off. The focus is likely to remain on factors that had weighed on markets last month, namely, rising bond yields and a strong dollar. Investors...

2023-10-04 03:57:00 ET Summary The US economy has been more resilient than many pundits had anticipated over the past year—but can this resilience continue? The uncertainty surrounding a US government shutdown highlights the long-term challenge of fiscal stability. Shif...