Holding listed oil companies’ stock is negative for any equity portfolio construction. Nigeria’s listed oil companies have disappointed their shareholders with unimpressive, negative year-to-date returns.

https://dmarketforces.com/oil-stocks-deliver-tiny-negative-return-in-nearly-10-months/

#OilStocks

Oil Stocks Deliver Tiny, Negative Return In Nearly 10 Months

% Oil Stocks Deliver Tiny, Negative Return in Nearly 10 Months

MarketForces Africa
U.S. API Weekly Crude Oil Stock fell by 5.205M barrels, significantly exceeding the expected decline of 2.000M barrels. This is a notable drop from the previous increase of 0.180M barrels. #CrudeOil #API #OilStocks
U.S. API Weekly Crude #Oil Stocks: Actual decrease of 3.9M barrels vs. forecast increase of 0.7M barrels, down from previous decrease of 4.44M barrels. #OilStocks #API #CrudeOil
In May, VLCC and Aframax rates rose, while Suezmax fell. #UScrude imports hit 6-month high at 6.8 mb/d. #OECD oil stocks up 16.6 mb in April. Demand for DoC crude steady at 43.2 mb/d for 2024. #OilMarket #Shipping #OilStocks #OPEC
#US API Weekly #Crude Oil Stock: Draw of -1.9M barrels, much higher than consensus of -0.25M barrels, following previous draw of -9.163M barrels. #CrudeOil #API #OilStocks
API Weekly Crude Oil Stock data: Actual +0.914M, beating the consensus of -3.000M but down from the previous +2.264M. #CrudeOil #API #OilStocks
As the world navigates through geopolitical challenges and efforts to stabilize energy markets, the intersection of production cuts and regional conflicts between Ukraine and Russia, and the Middle East war between İsrael and Hamas remains a critical focal point. #CrudeData #MarketAnalysis #EnergyTrends #GeopoliticalImpact #OilPrices #ProductionCuts #GlobalChallenges #UkraineRussia #MiddleEastConflict #IsraelHamas #USOil #OilStocks #CrudeOilInventories
The recent data on US crude oil inventories has surprised the market, deviating significantly from both forecasts and previous data. The forecasted decrease was -2,150 million barrels, with previous data at -2,492 M barrels. However, the actual data revealed an unexpected and substantial drop of -9,233 M barrels. #CrudeData #MarketAnalysis #EnergyTrends #GeopoliticalImpact #OilPrices #ProductionCuts #UkraineRussia #MiddleEastConflict #IsraelHamas #USOil #OilStocks #CrudeOilInventories