USL News | Roxom Stocks

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Will OPEC+ Output Cuts At All Boost Oil ETFs Ahead?In the latest meeting, OPEC+ agreed to extend production cuts of 3.66 million barrels per day (bpd) until the end of 2025, along with prolonging cuts of 2.2 million bpd until September 2024.Zacks Investment Research · Jun 3, 2024

Where Could Oil Go From Here? ETFs in FocusOil prices may see a recovery in demand if global central banks start cutting rates by 2024-end, and if supply falls due to the replenishment of the US strategic petroleum reserve and continued OPEC+ output cuts. However, the growing thrust on clean energy is a negative for the long term.Zacks Investment Research · May 3, 2024

U.S. Oil Hovers Around $83: What Lies Ahead for ETFs?Slowing manufacturing activity may instigate the Fed to cut interest rates earlier-than-expected. While this is a plus for oil ETFs, the U.S. government's efforts to keep oil prices low in the election year may not allow those ETFs to soar ahead.Zacks Investment Research · Apr 24, 2024

Iraq To Resume Oil Exports To Turkey Via Pipeline Shuttered A Decade Ago Amid Kurdish Negotiation DeadlockIn a significant development in the energy sector, Iraq is set to reactivate a previously dormant pipeline to Turkey, which could substantially impact regional oil exports and negotiations. What Happened: Iraq is reviving a pipeline to Turkey, potentially exporting 350,000 barrels per day by month’s end, Reuters reported on Sunday. This move comes amid stalled negotiations with the Kurdistan Regional Government (KRG). The Kirkuk-Ceyhan pipeline, inactive for a decade, offers an alternative to the KRG’s pipeline, which has been closed for a year. Baghdad views the KRG’s oil deals with foreign companies as illegal and demands that companies negotiate with the federal government for oil sales through the revived pipeline. Islamic State attacks halted the pipeline’s operations in 2014. It was responsible for about 0.5% of the world’s oil supply. “Major crude pumping station with storage facilities has been completed,” said Basim Mohammed, Iraqi deputy oil minister for upstream affairs, indicating the pipeline’s readiness to restart flows soon. After an arbitration court ruling last year, the KRG’s pipeline was shut down, citing treaty violations. Discussions to ...Full story available on Benzinga.comBenzinga · Apr 8, 2024

Analyst Warns Of 'Serious Escalatory Tit-For-Tat Cycle' If Iran Strikes Back, Raising Fears Of 'Wider War' In Middle EastAmid rising tensions in the Middle East, Helima Croft predicts “serious Iranian retaliation” that could lead to broader regional conflict. What Happened: On Thursday, Croft, an analyst at RBC Capital Markets, expressed concerns over the potential repercussions of the recent escalation in the Middle East. During CNBC “Last Call,” Croft warned, “We are bracing for serious Iranian retaliation.” “You could see a serious escalatory tit-for-tat cycle that leads to a wider war in the region.” Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export. She expressed that Iran only needs to launch attacks on a few oil tankers to push the oil prices higher. "We are bracing for serious Iranian retaliation," says @CroftHelima as geopolitical tensions in the Middle East impact markets. "You ...Full story available on Benzinga.comBenzinga · Apr 5, 2024

4 Reasons Why Oil & Energy ETFs Can Continue to SoarOil prices surged recently to their highest levels since October as investors closely monitored escalating geopolitical tensions in key regions. The improved demand outlook is another reason for which oil prices can go higher.Zacks Investment Research · Apr 4, 2024

Time for Oil & Energy ETFs?Oil prices have been in great shape this year. If the Gaza truce takes time to materialize, the rally could prolong.Zacks Investment Research · Jan 29, 2024

Oil Price to Double In Near Term? ETFs in FocusGoldman Sachs believes that oil prices may surge ahead if Houthi attack continues, as quoted on oilprice.com.Zacks Investment Research · Jan 9, 2024

Houthi Attacks in Red Sea to Boost These ETF AreasRed Sea serves as a critical transit route for oil. Consecutive Houthi attacks in this area for the past two months may boost these ETF areas.Zacks Investment Research · Jan 8, 2024

The Fourth Quarter Started Slow, But It May Finish StrongOctober’s numbers did not look good, but November picked up momentum and December may be better, so fourth-quarter GDP may come in better than first feared.Seeking Alpha · Dec 5, 2023

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