Oil Dips in Thin Post-Christmas Trade Amid Ukraine Talk Progress
Bloomberg— Oil slumped in muted post-Christmas trading as investors assessed a fresh development in long-stalled Ukraine peace talks which could lead to a deal that allows more Russian oil into global markets grappling with oversupply.
Exxon Lifts 2030 Cash Flow Forecasts, Sees Less Low Carbon
(Bloomberg)-Exxon Mobil Corp. raised its forecast for future earnings and cash flow due to growth in key assets in the Permian Basin, Guyana and liquefied natural gas — and reduced low carbon investments.
Oil Traders Eye Glut Yet Remain Haunted by Past Price Spikes
(Bloomberg)–The worst may be over for the Philippine peso as falling oil prices boost the outlook for an economy that’s heavily reliant on oil imports.
China Set to Tackle Petrochemicals Overcapacity With Overhaul
Bloomberg–The Chinese government is set to launch a sweeping overhaul of its petrochemicals and oil refining sector, phasing out smaller facilities and targeting outdated operations for upgrades, while redirecting investment to advanced materials.
Iraq Set for Key Oil Cargo Surge in Sign of Increased Output
Bloomberg–Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.
Santos, Shell, Woodside Signal Support for Australian Domestic Gas Reservation
Bloomberg– Australia’s energy sector largely supports the introduction of a policy that would require producers to reserve a portion of gas for domestic consumption, as the nation seeks to balance a looming local supply crunch with lucrative exports.