Marco Grisantelli’s Post

Crude oil prices looked set for yet another weekly loss, pressured by the perception of softer-than-expected demand in China. The decline comes in spite of the International Energy Agency’s recent upward revision of oil demand growth for this year. That could be because the agency also revised its 2025 demand growth projection, but downwards. For this year, the IEA sees demand growth at 920,000 bpd, while for 2025, it forecast growth of 990,000 bpd. Neither figure is impressive for oil traders, and the prediction of a supply surplus for 2025…

📈 Fascinating developments in global energy markets today that every industry professional should note: Just analyzed the latest crude oil data, and the numbers tell a compelling story: WTI crude (CLF25) closed +0.10 (+0.15%) higher, while the global oil storage landscape shows a remarkable -2.5% weekly decline to 68.74 million barrels in floating storage. What's particularly intriguing is the manufacturing momentum in key markets: US ISM manufacturing index: Surprised with a 48.4 reading (+1.9 increase) China PMI: Exceeded expectations at 50.3 But here's what's really keeping energy analysts on their toes: OPEC+ is meeting virtually on December 5, potentially delaying a +180,000 bpd production increase until Q2 2025. Meanwhile, US production is near record levels at 13.49 million bpd. The geopolitical chess game continues to influence markets - particularly watching developments in Ukraine-Russia relations and their impact on global energy security. What's your take on these market dynamics? Are we seeing a fundamental shift in global energy demand patterns? #EnergyMarkets #CrudeOil #GlobalTrade #MarketAnalysis #OPEC #EconomicGrowth #CommodityTrading #EnergyIndustry

🔋 Energy Market Intelligence Update: Data-Driven Oil Market Analysis Breaking down the latest movements in the global oil markets with some fascinating numbers: 📊 Key Market Indicators: US crude production holding steady at an all-time high of 13.5 million barrels per day Chinese oil demand showing significant shift: -6.98% YoY to 14.176M bpd Libya makes dramatic comeback, hitting 1.3M bpd - highest in 2 months Russian exports climb to 3.46M bpd (+150,000 bpd) 💹 Market Performance: WTI crude futures (CLZ24) declined 0.82% US crude inventories tracking -3.6% below 5-year average Active US oil rigs: 482 (up from July's 2.5-year low of 477) 📈 Economic Indicators Supporting Energy Demand: US manufacturing PMI: 47.8 (+0.5) US new home sales: 738,000 (+4.1% m/m) Eurozone manufacturing PMI: 45.9 (5-month high) What's your take on these market dynamics? Are we seeing a fundamental shift in global energy patterns? #EnergyMarkets #CrudeOil #MarketAnalysis #GlobalTrade #OilAndGas #EconomicIndicators #MarketIntelligence #CommodityTrading #FinancialMarkets

📊 Energy Market Intelligence Update: Numbers Tell the Story Breaking down today's seismic shifts in global energy markets: WTI crude futures experienced a dramatic -3.23% decline, with January RBOB gasoline following suit at -3.16%. What's driving this volatility? Key Market Indicators: Global tanker storage surged an astounding +34% to 74.83 million barrels Russian exports plummeted to a 4-month low of 2.83 million bpd China's demand contracted -5.4% YoY to 14.07 million bpd US production maintains strength at 13.4 million bpd Geopolitical Catalyst: Potential Israel-Hezbollah cease-fire talks are reshaping market sentiment, while OPEC+ prepares for crucial December 1 virtual meeting. US Strategic Position: Crude inventories: -4.5% below 5-year average Active oil rigs: 479 (up from 477 in July) Production down -0.7% week-over-week What's your take on these market dynamics? Are we seeing a fundamental shift in energy geopolitics? #EnergyMarkets #CrudeOil #MarketIntelligence #Trading #Commodities #GlobalMarkets #OilAndGas #EnergyTrading #MarketAnalysis #Finance

Global #oil prices settled Thursday’s trading session with a gain of over 1.5% on the expectations that #OPEC+ would stick to production cuts, coupled with the ongoing attacks on Russia's #energy infrastructure. #Brent crude closed at $86.71 per barrel, up 1.5% from Wednesday’s close. while West Texas Intermediate crude (WTI) settled at $82.67 per barrel, up 1.62% DoD. Read the full story at: https://lnkd.in/dtkSYeM9

Long Gas Short Oil on Nuanced Macro Conditions Energy markets are in flux as crude oil and natural gas prices take opposite paths. Recently, WTI Crude Oil prices hit a new 2024 low as supply disruption fears eased, while Henry Hub Natural Gas prices rebounded on strong demand and shrinking storage surplus, writes Suhas Reddy The downtrend in crude oil was driven by easing supply concerns and weak demand from the US and China. Despite brief price support from disruptions in Libya and rising geopolitical tensions, the market is now bearish, with sluggish manufacturing data and softer US labour market numbers adding to the pressure. Meanwhile, Henry Hub Natural Gas prices have been on a steady rise. A combination of increased demand from power generators, shrinking storage surpluses, and strong LNG export flows has buoyed prices. This is further supported by modest inventory injections, which are below historical averages, and forecasted seasonal demand growth as winter approaches. The macro landscape for these commodities continues to evolve, with OPEC+ delaying its output hikes and gas producers scaling back supply. Oil remains vulnerable to downside risks without a sharp recovery in global demand, while natural gas is positioned for further gains with growing export demand and tighter supply conditions. The divergent trends in oil and natural gas offer exciting trading opportunities, especially with ongoing volatility in both markets. Read the full paper 👉 https://lnkd.in/gmK3B_y4 #EnergyMarkets #MacroAnalysis #CrudeOil #NaturalGas #Commodities #OPEC #LNG #EnergyTrading #SpreadTrade

𝘾𝙧𝙪𝙙𝙚 𝙊𝙞𝙡 𝙍𝙖𝙡𝙡𝙮 𝙀𝙖𝙨𝙚𝙨 𝘼𝙢𝙞𝙙 𝙄𝙀𝘼 𝙁𝙤𝙧𝙚𝙘𝙖𝙨𝙩 𝙤𝙛 𝙎𝙪𝙧𝙥𝙡𝙪𝙨 A week-long rally in crude oil prices stalled as the International Energy Agency (IEA) forecasted a global oil surplus in 2025. The IEA's report predicts that demand growth will slow after the US driving season ends, while supply increases from non-OPEC countries, such as the US and Brazil, will cover the demand. This led to a 0.6% dip in Brent crude prices to $81.78, cooling off the recent surge. Despite ongoing OPEC+ production cuts, the IEA suggests global inventories could rise, further stabilizing the market. #OilMarket #CrudeOil #IEA #EnergyForecast #OPEC #GlobalEconomy https://lnkd.in/dVeM6Bcv

The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices. Growing crude oil stocks indicate a weaker oil demand and can have a negative impact on the oil barrel price. 🌐https://lnkd.in/dssuC-h3 #keyindicator #marketmover #worldeconomy #globaltrade #barometer #crudeoilwatch #energytrends #financialnews #oilandgas #crude #oilprices #energymarket #EIA

www.polymerupdate.com *Crude oil prices decline 2.5% due to investors’ ‘wait and watch’ attitude ahead of US inflation and OPEC energy demand data this week* Crude oil prices declined by 2.5 percent last week as investors awaited fresh inflation data from the United States and India, scheduled for release this week. This data may set a direction for the economic growth of the largest and fifth-largest economies, respectively, in the world. Another set of data to be unveiled this week includes the demand-supply figures from the energy market monitoring triplet, the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+), the International Energy Agency (IEA), and the US Energy Information Administration (EIA). Please open link to read full article: https://bit.ly/4aTB191 www.polymerupdate.com

The oil market is facing a perfect storm. Despite declining rig counts, U.S. production is still climbing. OPEC+? They've grown tired of cutting output, and more supply is on the way next month. What does this mean? A commodity glut, with oil leading the charge downward. Gas prices are now the lowest they've been in three years, and the demand just isn’t there to balance the scales. And it's not just oil—commodities across the board, from copper to lithium, are getting hammered. We've seen this disconnect before: back in 2019, right before the pandemic, and in 2015. It's rare, but when it happens, it sends ripples through the entire market. The big question is: how long will this last? And how can investors navigate these choppy waters? Stay tuned and subscribe to The Energy Word to get exclusive insights directly from me: https://lnkd.in/eiZ358ET #oilmarkets #gasmarkets #opec #opec+ #opecplus #commodityglut #energymarkets #gasprices #energyinsights #markettrends #investmentstrategies #economics #USmarkets #energysector #oilproduction #yahoo #yahoofinance #oilinvesting #commoditymarket #USgasprices #energyforecast #marketforecast #oilindustry #oilindustrynews #tradingnews #tradingstrategies #oiltrading #tradingtips #financialmarkets #tradinginsights