EXXON MOBIL CORP.
Commented by Nico Popp on January 19th, 2021 | 09:01 CET
Gazprom, Saturn Oil & Gas, Exxon Mobil: The cards are being reshuffled in the oil sector
The oil price reflects the state of the real economy. After the first Corona lockdowns last spring caused the prices to plummet - ultimately bringing economic activity to a complete standstill - oil has now stabilized significantly. Since the beginning of November, Brent crude has gained around 50%. In the wake of the futures exchanges, the shares of production companies have also performed well. But here, too, there is light and shade - we look at three stocks between dull and highly speculative.
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Commented by Mario Hose on May 6th, 2020 | 05:57 CEST
BP, Exxon, Shell, Saturn Oil & Gas - Crude oil up to USD 100 in May?
In recent weeks, even experienced investors have learned a lot about the oil market. When the price of WTI slipped into the red in April 2020, this was a first in the history of black gold. On the one hand, the oversupply of producers put pressure on prices, but speculators also caused the distortions. It was a dangerous mixture on the expiry date of the May contracts. In two weeks' time, the June contracts expire and the price development is eagerly awaited, but this time it can also go the other way.
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Commented by Mario Hose on April 27th, 2020 | 07:30 CEST
BP, Exxon, Saturn Oil & Gas - North America and EU ready for oil deal?
Something is brewing in North America, because nothing less than social and economic independence is at stake. COVID 19 has shown that dependencies in the supply chain pose great dangers. On the one hand, modern society had to learn how difficult it is to obtain masks and, on the other hand, Saudi Arabia ruined the price stability of crude oil by increasing its production volume. An act that deliberately came at an inopportune moment, because with the measures to stem the spread of the corona virus, the demand for the black gold had already fallen by over 20%. The price level of recent weeks at USD 20 per barrel for WTI will drive a large part of the US oil industry into ruin and increase dependence on the OPEC states.
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