WT Offshore is a company engaged in the provision of offshore services in the oil and gas industry
Specializing in the operation of floating production storage and offloading units (FPSOs), as well as other offshore platforms, WT Offshore focuses on delivering integrated solutions that enhance the efficiency and safety of exploration and production activities in marine environments. The company operates a fleet of vessels and platforms that support oil and gas operators through various stages of production, from drilling to transportation, ensuring compliance with environmental standards while maximizing resource extraction. Through its innovative technologies and expertise, WT Offshore plays a crucial role in the global energy sector, contributing to the development of offshore hydrocarbon resources.
There have been two significant developments that are rocking US equities and sending US yields sharply lower. First, Chinese-made AI has taken the world by storm.
A recent emergency energy declaration has highlighted significant investment opportunities in energy infrastructure, particularly in response to the growing demands of AI data centers.
US equity futures are slightly lower to close out a blowout week for risk assets. As of 8:00am S&P futures are down 0.1% after the index reached its new ATH on Thursday, the first of the year;
The West Texas Intermediate or Light Sweet Crude market has been somewhat noisy during the trading session on Friday as we continue to bounce around an area that quite frankly is going to end up being more or less consolidation and resistance.
Are you going to get blasted? As America gets ready to celebrate the legacy of Martin Luther King Jr. and the inauguration of President J, Trump, most of America will get blasted!
As President Trump seems committed to putting tariffs on our trade partners, could there be some tariff wiggle room? Stocks are higher and oil is lower as there may be some tariff relief on the horizons or at least a slower process of enforcement.
WTI price posts modest gains near $71.60 in Thursday’s early European session. US crude oil inventories dropped by 1.442 million barrels last week, according to the API.
During my daily analysis of the commodity markets, the WTI Crude Oil market has shown some strength, and I think you’ve got a situation where you have to pay close attention to liquidity, as it of course will be dropping for the next several days.
Oil prices had slipped after the US Fed forecast fewer rate cuts in 2025, dampening demand for the fuel. The output cuts of OPEC+ have created a floor for oil as prices continued to trade in a narrow range.
Energy is everything. Or, if Einstein was right, you and I are just energy in material form. Accelerate us to lightspeed squared and we might become something else.
Oil prices rose yesterday on Middle East uncertainty after the fall of Bashar al-Assad in Syria as well as expectations that China will stimulate their economy with lower interest rates thereby increasing oil demand.
Oil prices are on the rise as the Assad regime in Syria falls raising questions about the geopolitical risk factors going forward. The potential for a power vacuum could lead to some unintended consequences.
Israel and Iran-backed militant group Hezbollah in Lebanon have agreed to a ceasefire deal. OPEC+ has started discussions on its production restart plans. The US Dollar Index edges slightly lower ahead of a chunky economic data calendar ahead.
Markets are soaring on anticipation of the return of President Trump and the possibility of peace between Russia and Ukraine. Yet oil is down on China concerns, and gas is up due to Hurricane Rakel.
OPEC+ has extended its voluntary output cuts till December end as oil prices remained weak. Demand concerns from China and rising supply from non-OPEC producers may flood the market in 2025.
The Dow Jones Index (US30) closed Thursday at the opening price. The S&P 500 Index (US500) gained 0.74%. The NASDAQ Technology Index (US100) closed positive 1.54%.
US equity futures extended their post-election gains, as S&P futures traded near session high with both Tech and small caps outperforming as the dollar eased and yields were flat, as traders continued to map out Trump’s return to the White House.
OPEC+ are scheduled to increase production by 180,000 barrels per day of oil from December. OPEC has been cutting production by 2.2 million barrels per day voluntarily since the start of 2024.
