AOK 0.00% 0.3¢ australian oil company limited.

Ann: Philippines Assets Divestment Update, page-25

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,814 Posts.
    lightbulb Created with Sketch. 634

    barrel says JP Morgan

    Eamonn Sheridan
    Eamonn Sheridan
    Monday, 25/09/2023 | 16:30 GMT+10

    JPMorgan on the rising oil price, say that Brent could continue to $150 / bbl.

    Citing:






    1.2K
    Messi Having Profound Effect on MLS, Chicago Fire Says


    • OPEC+ supply cuts, mainly led by Saudi Arabia - they have cut circa 1mn bbl/day from the market - and Russia
    • Increase in demand
    • shocks to capacity
    • a supercycle for energy
    • moves to reduce the globe's reliance on fossil fuels, that'll have the tendency to promote a lack of investment in new oil production
    • The JPM analyst forecasts Brent between $90 and $110 in 2023 then higher in 2025 (sees the global supply and demand imbalance at 1.1 million bpd in 2025)

 
watchlist Created with Sketch. Add AOK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.