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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Wednesday, May 29, 2024

Is This The End Of The Current Rise Of The Price Of Oil?

 


Russia's President Vladimir Putin offers end of the Russia Ukraine military conflict with the current border lines.

If the Russia Ukraine military conflict ends soon, this would put a cap on the price of oil of 80 USD, barring an unexpected flaring of geopolitical tensions again, in Wolfteam Ltd.'s view.

The Israel Hamas conflict and the Houthi attacks on oil tankers, as reported in many media sources are partly a proxy to the Russia Ukraine encounter. Once there is a truce between Russia and Ukrain,e this would ease possible potential oil and gas supply disruptions both in Russia and the Middle East, including Saudi Arabia, which together account for around 35 % + of the world's global oil production.

If there is peace, at least for several years, globally this would make both the oil majors like Exxon Mobil, Chevron, Total, BP, Shell and mid sized producers like Occidental Petroleum, Devon Energy and Chesapeake Energy, etc a stable revenue investment base.

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