1. Parts of China, Japan, Korea, & Russia are also having extremely cold weather.
https://www.washingtonpost.com/weather/2023/01/23/china-record-low-temperature-mohe/
2. Reuters J. Kemp 16.1.23 states there is a wide consensus (from 1000+ oil industry experts, & analysts etc.) that oil prices will be c. an average of US $90 for the period 2023 until 2027.
This will, IMO, be very profitable for STO- @US $90 a barrel, excellent cash flow; & SP, IMO, should be significantly higher than today's $6.99.
A rerate IMO can, eventually, be expected.
Kemp said"Forecasts for 2023 are tightly clustered, with half of respondents expecting the average price to lie between $80 and $95, and more than 90% expecting the average to lie between $70 and $105.
Prices are expected to continue averaging around $90 from 2024 to 2027, with a slight downward skew in forecasts later in the period.
Forecast prices are $15-20 per barrel above where the futures strip was trading at the time of the survey, a similar premium to the one revealed in last year's survey, but up from a premium of around $10 before the pandemic".
https://www.reuters.com/markets/commodities/oil-prices-expected-average-around-90-2023-2027-kemp-2023-01-13/
1. Parts of China, Japan, Korea, & Russia are also having...
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Last
$7.67 |
Change
0.010(0.13%) |
Mkt cap ! $24.91B | |||
| Open | High | Low | Value | Volume |
| $7.57 | $7.77 | $7.55 | $33.08M | 4.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 81968 | $7.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.68 | 9423 | 1 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$7.69 |
Change
0.010 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $7.57 | $7.77 | $7.55 | 2566487 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
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