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.
US equity futures are higher, reversing much of yesterday's drop, and European bourses are at all time high, as the market braces for NVDA earnings after today’s close.
China's imports of sanctioned oil are rebounding despite trade tensions with the US. Russia reformed a non-sanctioned fleet for its Far East ESPO crude, allowing Kozmino Port loadings to rise.
The global oil market seems to be frozen in time. The surge in demand due to cold weather in the United States is a contributing factor as the Energy Information Administration released a report that had icicles hanging from it.
Oil prices almost had a clear upside breakout missing it by 1 cent ahead of the American Petroleum Institute (API) report that is probably the reason it did not happen.
WTI crude oil surges as US labor market data fuels demand optimism. Nonfarm Payrolls miss expectations, but wage growth remains strong. The labor force participation rate edges higher, supporting the energy demand outlook.
OPEC's JMMC unlikely to recommend changes to existing production increase plan from April. Voluntary output cuts by eight OPEC+ members will be phased out from April.
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.
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