Oil 13 (Oct 23 - Dec 25)

[behappyalways]

The Largest Oil Producers as % of World Output
https://twitter.com/AyeshaTariq/status/ ... 5704314905

[winston]

Read This Before You Buy Oil Stocks

by Jeff Clark

One of the best timing tools for getting in or out of the oil sector is the Energy Sector Bullish Percent Index (BPENER).

Based on the few previous signals over the past two years, traders will do much better buying into the energy sector a few weeks after a BPENER sell signal than a few days before.

There’s no real urgency to jump into the energy sector right now.

Source: Jeff Clark Trader

https://tradesoftheday.com/2024/04/30/r ... il-stocks/

[behappyalways]

Ukrainian Drones Hit Major Rosneft Refinery In Russia
https://www.zerohedge.com/markets/ukrai ... ery-russia

[behappyalways]

Saudi Arabia's Price Hike May Signal Oil Bottom
https://www.zerohedge.com/markets/saudi ... oil-bottom

[behappyalways]

Biden Ready To Use SPR Again If Oil Prices Rise
https://www.zerohedge.com/markets/biden ... rices-rise

[behappyalways]

The top 10 oil producers around the world
https://twitter.com/Mayhem4Markets/stat ... 2745802158

[behappyalways]

The US is the largest oil producer in the world, by quite a lot
https://x.com/Mayhem4Markets/status/1795410361958506946

[winston]

Opec+ extends oil cuts to third quarter, discusses 2025

By Ahmad Ghaddar, Alex Lawler & Maha El Dahan

Opec+ members are currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand.

The cuts include 3.66 million bpd by Opec+ members valid through to the end of 2024, and 2.2 million bpd of voluntary cuts by some members which expire at the end of June.

On Sunday, Opec+ agreed to extend voluntary cuts of 2.2 million bpd into the third quarter of 2024, two Opec+ sources said.

Source: Reuters

https://theedgemalaysia.com/node/713944

[behappyalways]

Where Are The Largest Oil Reserves?
https://www.zerohedge.com/energy/where- ... l-reserves


OPEC+ Agrees To Extend Collective Output Cuts Until End Of 2025
https://www.zerohedge.com/energy/opec-a ... utput-cuts

[winston]

It’s a Little Too Early to Buy Into the Energy Sector

by Jeff Clark

The BPENER closed Wednesday at 59. That’s closer to overbought than it is to oversold. It suggests that energy stocks still have plenty of room to fall farther.

Traders don’t need to rush to buy into the energy sector right now. Stay patient. We’ll have a better chance to buy a few weeks from now.

Source: Jeff Clark Trader

https://tradesoftheday.com/2024/06/03/i ... gy-sector/