Morgan Stanley has raised its Q3 Brent forecast by $10 to $90 per barrel, with expectations of reaching $90 by summer 2024. The oil market is influenced by factors like rising demand, ongoing geopolitical tensions, and production increases in key regions. Brent crude is currently trading above $86, with the US considering replenishing its Strategic Petroleum Reserve. Various oil companies are planning significant output expansions to meet future demand.
Enbridge eyes 120,000 bpd expansion to Gray Oak, Texas oil pipeline by 2025 #oott https://t.co/c1x6wbFmd0
Oil to Trade at $85-$90 Next Quarter Even Without OPEC+ Cuts,Ā Gunvor Says Saudis have no choice but to be swing producer, analyst says Plentiful supply has kept prices in check despite wars #oott https://t.co/P7ph3WibDF
Exxon Mobil eyes 2 million bpd of output in the Permian by 2027 #oott https://t.co/4KMdCn6O4Q
š¢ļø Output in the top U.S. shale field, the Permian basin of West Texas and New Mexico, will rise between 300,000 bpd and 400,000 bpd this year, he said in remarks at the CERAWeek energy energy conference. https://t.co/nuJCMuTyrh
US oil output to exceed 14 million bpd and then plateau, says Conoco chief #oott https://t.co/IX6smQrgSu
š“ GUNVOR SEES OIL PRICES AT $85-$90 IN Q3 EVEN WITHOUT OPEC+ CUTS.
#Brent crude jumped above $87 this morning and Standard Chartered now sees new global all-time high demand for crude in May, June and August. #OOTT
š“ GUNVOR SEES 2024 US CRUDE OUTPUT RISING BY MORE THAN 400K B/D.
Oil prices are soaring, with Brent hitting a four-month high at $86.89 and WTI at $82.72, driven by supply cuts and rising demand. https://t.co/OdyzeM2V0k
Exxon Mobil eyes 2 million bpd of output in Delaware by 2027 #oott https://t.co/4KMdCn6O4Q
Mexicoās Sheinbaum Vows to Cap Pemex Output, Boost Green Energy ā¦@businessā© https://t.co/GbLVmGWGiI
A view from UBS: "We reiterate our guidance that Brent will likely trade in a USD 80-90/bbl range this year, with an end-June forecast of USD 86/bbl"#OOTT #Opec
Brent over 86. The market bulls right now š #OOTT https://t.co/tuqzdqfEoq
Oil Prices Jump To Four-Month High, Surpass 200-Day Average: 'Momentum Indicators Remain Bullish,' Analyst Says Oil prices surged above $82 a barrel, reaching levels last seen in early November 2023. The U.S. considers replenishing Strategic Petroleum Reserve, aiming to restoreā¦ https://t.co/agJEpm6kU7
Oil prices hit four-month high Brent futures topped $86 per barrel on Monday https://t.co/qzNPJgDDwo https://t.co/pySKwfgP7z
ConocoPhillips CEO on Oil Prices, LNG and AI Data Centers #oott https://t.co/QaC2IoUvFu
AMLO Celebrates Oil Takeover Anniversary With Vow to Back Pemex ā¦@businessā© https://t.co/ikYkOY8KmF
ConocoPhillips CEO Lance Sees Oil in the $70-$90 Range #oott https://t.co/avOV5kkqT7
ExxonMobil's planned takeover of Pioneer Natural Resources will drive supply costs lower and make the major producer better able to withstand price fluctuations, the company's head of shale said today. #oott https://t.co/m1lyPGmIkX
āWe will continue defending Mexican petroleum and recovering our sovereignty,ā AMLO said. āLong live Pemex! Long live #Mexico!ā #oott https://t.co/aGqKpqb1XY
#Mexico: AMLO Celebrates Oil Takeover Anniversary With Vow to Back Pemex Mexico set to refine 1.7 million barrels per day by year-end Pemex sees debt falling to around $94.5 billion in 2024 #oott https://t.co/svzgChJaTk
Mexico President Andres Manuel Lopez Obrador said the nation will continue to support state oil producer Pemex as the company works to ramp up production https://t.co/FnFjh4CpRC
Brent > 87 #oott
Morgan Stanley revises higher Brent price forecast. https://t.co/LKOnJ88OV4
#Mexican state oil company Pemex is set to process 1.7 million barrels per day of crude oil at the end of the year in its local refineries, the company's chief executive officer, Octavio Romero, said on Monday. #oott https://t.co/TBupz7BDYs
The move up in oil prices continues today, with Brent currently trading above $86 and WTI above $82. #economy #oil #markets #econtwitter https://t.co/nXoo8ApkmH
Morgan Stanley expects Brent to climb to $90/bbl by summer 2024 https://t.co/Ef73inK3RD https://t.co/OVjTJkVlHk
š“ US EAGLE FORD OIL OUTPUT DUE TO RISE IN APRIL TO ITS HIGHEST SINCE NOVEMBER 2023 - EIA.
š“ EIA: US BAKKEN OIL OUTPUT DUE TO RISE IN APRIL TO ITS HIGHEST SINCE DECEMBER 2023.
š“ EIA: US PERMIAN OIL OUTPUT DUE TO RISE IN APRIL TO ITS HIGHEST SINCE DECEMBER 2023.
š“ EIA: US OIL OUTPUT FROM TOP SHALE-PRODUCING REGIONS DUE TO RISE MARGINALLY IN APRIL TO HIGHEST SINCE DECEMBER 2023.
ā MORGAN STANLEY EXPECTS BRENT TO CLIMB TO $90/BBL BY SUMMER 2024
U.S. crude oil exports reached a record in 2023 #oott https://t.co/OYJJAL7Qvf
Morgan Stanley now floating a $90 oil forecast in Q3. #OOTT #Opec
Brent > 86 #OOTT
Between the IEAās upward revision of oil demand this year, ongoing Houthi attacks in the Red Sea and OPEC-plus pressing ahead with cutsā¦. Brent now above 85. All eyes are now on what the US Fed will do on the 20th of March, many believe that a cutting rates wonāt be easy. #OOTTā¦ https://t.co/OxPnuQ3fe9
#OOTT | Morgan Stanley Revise Their Q3 Brent Forecast Higher To $90/Bbl From $80
MORGAN STANLEY RAISES 3Q BRENT FORECAST BY $10/BBL TO $90. #OOTT