Bob316
2021-09-29
may hit even higher
Crude Oil Prices Hit $80, But Don't Expect A U.S. Drilling Boom<blockquote>原油价格触及80美元，但预计美国钻探不会繁荣</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":862278025,"tweetId":"862278025","gmtCreate":1632885765579,"gmtModify":1632885793329,"author":{"id":3571747456397623,"idStr":"3571747456397623","authorId":3571747456397623,"authorIdStr":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":8,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>may hit even higher</p></body></html>","htmlText":"<html><head></head><body><p>may hit even higher</p></body></html>","text":"may hit even higher","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/862278025","repostId":2171260603,"repostType":4,"repost":{"id":"2171260603","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1632882544,"share":"https://www.laohunote.com/m/news/2171260603?lang=zh_CN&edition=full","pubTime":"2021-09-29 10:29","market":"us","language":"en","title":"Crude Oil Prices Hit $80, But Don't Expect A U.S. Drilling Boom<blockquote>原油价格触及80美元，但预计美国钻探不会繁荣</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2171260603","media":"Investors","summary":"Oil prices briefly topped $80 a barrel Tuesday, But don't expect a U.S. drilling boom.","content":"<p>Oil prices soared to over $80 per barrel Tuesday boosted by rising natural gas and coal prices, but then reversed lower with the broader market. Unlike past crude oil rallies, analysts don't expect U.S. oil companies to boost drilling.</p><p><blockquote>受天然气和煤炭价格上涨的推动，油价周二飙升至每桶 80 美元以上，但随后随大盘走低。与过去的原油反弹不同，分析师预计美国石油公司不会增加钻探。</blockquote></p><p> The U.K. and Europe are seeing a natgas shortage as suppliers were drained after a cold winter in 2020 and wind supplies weren't enough to cover the shortfall. China is clamoring for more coal to avoid power shortages.</p><p><blockquote>英国和欧洲正面临天然气短缺，因为在 2020 年寒冬过后，供应商枯竭，风能供应不足以弥补短缺。中国迫切需要更多煤炭以避免电力短缺。</blockquote></p><p> The increased demand for natgas and coal could spill over into the oil sector as an alternative energy source and send oil prices surging. BofA analysts said earlier this month that oil prices could hit triple-digits in the next six months if there is a cold winter.</p><p><blockquote>对天然气和煤炭的需求增加可能会作为替代能源溢出到石油行业，并导致油价飙升。美国银行分析师本月早些时候表示，如果冬季寒冷，未来六个月油价可能会达到三位数。</blockquote></p><p> Brent fell 1% to $78.72 per barrel after hitting a nearly three-year high of $80 in early trading. U.S. crude dipped 0.8% to $74.86 after topping $76 intraday. Natural gas futures, up over 10% early Tuesday to their highest since 2014, climbed 3%.</p><p><blockquote>布伦特原油在早盘触及近三年高点 80 美元后下跌 1%，至每桶 78.72 美元。美国原油盘中突破 76 美元后下跌 0.8%，至 74.86 美元。天然气期货周二早些时候上涨超过 10%，达到 2014 年以来的最高水平，随后上涨 3%。</blockquote></p><p> \"We are seeing structural issues in the underinvestment in traditional fossil fuels,\" Phil Flynn of the Price Futures group wrote in his morning note Tuesday. \"That lower for longer for oil and gas was a false premise and that peak demand also will prove to be much further in the future than many had a year ago believed.\"</p><p><blockquote>“我们看到传统化石燃料投资不足存在结构性问题，”价格期货集团的菲尔·弗林在周二的早间报告中写道。“石油和天然气价格持续走低是一个错误的前提，而且事实证明，未来的需求峰值也将比许多人一年前认为的要远得多。”</blockquote></p><p> <b>ConocoPhilips</b> and <b>Devon Energy</b> rose slightly Tuesday, off intraday highs but extending recent breakouts and win streaks. <b>EOG Resources</b> and <b>Pioneer Natural Resources</b> edged higher, working up the right side of bases. But <b>Denbury</b>, a big winner for much of 2021, sold off hard after flirting with a new buy point for several days.</p><p><blockquote><b>康菲石油</b>和<b>德文能源</b>周二小幅上涨，摆脱盘中高点，但延续了近期的突破和连胜势头。<b>EOG资源</b>和<b>先锋自然资源</b>边缘更高，向上移动到底座的右侧。但<b>登伯里</b>在 2021 年的大部分时间里，该公司都是大赢家，但在与新的买点调情几天后，该公司遭遇了严重抛售。</blockquote></p><p> <h3>U.S. Producers Face Uncertainty</h3> During Covid-19 producers scaled back drilling, then as demand for oil increased turned to finish drilled but uncompleted wells.</p><p><blockquote><h3>美国生产商面临不确定性</h3>在 Covid-19 期间，生产商缩减了钻探规模，然后随着石油需求的增加，他们转向已钻探但未完工的油井。</blockquote></p><p> But rising oil prices won't be enough to spur U.S. independent producers to rapidly boost drilling after years of careful capital discipline.</p><p><blockquote>但油价上涨不足以刺激美国独立生产商在多年谨慎的资本纪律后迅速增加钻探。</blockquote></p><p> Gabriele Sorbara, a senior equity analyst at Siebert Williams Shank & Co. expects U.S. shale oil companies to remain in \"maintenance mode\" in drilling and completing new wells to grow at low-single digits.</p><p><blockquote>Siebert Williams Shank & Co. 高级股票分析师 Gabriele Sorbara 预计，美国页岩油公司在钻探和完成新井方面将保持“维护模式”，以低个位数增长。</blockquote></p><p> Despite the $100 oil price estimates floating around Wall Street, there remains uncertainty in the forward market, he said. Also, many U.S. exploration and production companies were forced to hedge when oil prices went negative last year, locking in contracts at much lower oil prices.</p><p><blockquote>他说，尽管华尔街对100美元的油价估计浮动，但远期市场仍然存在不确定性。此外，去年油价下跌时，许多美国勘探和生产公司被迫对冲，以低得多的油价锁定合同。</blockquote></p><p> OPEC+ also remains a major variable.</p><p><blockquote>欧佩克+也仍然是一个主要变量。</blockquote></p><p> \"We've seen over the years that OPEC decides to wake up and start a war,\" Sorbara said recalling a contentious meeting over Thanksgiving weekend in 2014 that sent oil prices plunging.</p><p><blockquote>索尔巴拉回忆起 2014 年感恩节周末导致油价暴跌的一次有争议的会议时表示：“这些年来，我们已经看到欧佩克决定醒来并发动战争。”</blockquote></p><p> Instead of ramping up new drilling, U.S. independent producers flush with free cash flow, will be focused on returning cash to shareholders or looking at making purchases to expand holdings, he said. ConocoPhillips scooped up <b>Royal Dutch Shell'</b>s assets in Texas earlier this month.</p><p><blockquote>他表示，拥有自由现金流的美国独立生产商不会增加新钻探，而是会专注于向股东返还现金，或者考虑进行收购以扩大持股。康菲石油公司收购<b>荷兰皇家壳牌公司</b>本月早些时候在德克萨斯州的资产。</blockquote></p><p> COP stock rose 1.25%, while DVN stock gained 0.6%. Both are extended from buy points.</p><p><blockquote>COP股价上涨1.25%，DVN股价上涨0.6%。两者都是从买入点扩展而来的。</blockquote></p><p> Meanwhile, EOG stock edged up 0.3% to 82.05 on the stock market today. EOG is working on an 88.09 buy point. <b>Pioneer Natural Resources </b>ticked up 4 cents to 168.06. PXD stock is working toward a 175.47 buy point, but it cleared a lowish handle last week. <b>Continental Resources</b> dipped 1,5%, but still extended.</p><p><blockquote>与此同时，EOG股价今天在股市上小幅上涨0.3%，至82.05点。EOG 正在研究 88.09 的买入点。<b>先锋自然资源</b>上涨 4 美分至 168.06。PXD 股票正朝着 175.47 的买入点迈进，但上周清除了一个低迷的处理。<b>大陆资源</b>下跌 1.5%，但仍延长。</blockquote></p><p> Denbury stock tumbled 5.4% to 70.97, well below a 75.30 entry.</p><p><blockquote>Denbury 股价下跌 5.4%，至 70.97 点，远低于 75.30 点的入场点。</blockquote></p><p> <h3>OPEC+ Meeting Looms</h3> As U.S. producers remain disciplined, OPEC+, which includes the OPEC and top non-member producers like Russia, is slated to meet Monday to discuss its output quotas.</p><p><blockquote><h3>欧佩克+会议迫在眉睫</h3>由于美国产油国保持纪律，包括欧佩克和俄罗斯等主要非成员国产油国在内的欧佩克+定于周一开会讨论其产量配额。</blockquote></p><p> The oil cartel agreed in July to boost production by 400,000 barrels per day starting in August. OPEC+ plans to continue expanding at that monthly pace through September 2022.</p><p><blockquote>石油卡特尔在7月份同意从8月份开始每天增产40万桶。欧佩克+计划在2022年9月之前继续以每月的速度扩张。</blockquote></p><p> But a slow and steady increase might not be enough.</p><p><blockquote>但缓慢而稳定的增长可能还不够。</blockquote></p><p> The Biden administration called on OPEC+ in August to boost production to prevent oil prices from stalling the economic recovery. The current oil price surge could put even more pressure on OPEC+ to boost output.</p><p><blockquote>拜登政府8月份呼吁欧佩克+提高产量，以防止油价拖累经济复苏。当前油价飙升可能会给欧佩克+增加产量带来更大压力。</blockquote></p><p> \"If momentum is sustained, pressure will grow on OPEC+ to speed up the pace that it increases output,\" Craig Erlam, senior market analyst at Oanda said in a note Monday.</p><p><blockquote>Oanda 高级市场分析师克雷格·埃拉姆 (Craig Erlam) 在周一的一份报告中表示：“如果势头持续下去，OPEC+ 将面临加快增产步伐的压力。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crude Oil Prices Hit $80, But Don't Expect A U.S. Drilling Boom<blockquote>原油价格触及80美元，但预计美国钻探不会繁荣</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrude Oil Prices Hit $80, But Don't Expect A U.S. Drilling Boom<blockquote>原油价格触及80美元，但预计美国钻探不会繁荣</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-09-29 10:29</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Oil prices soared to over $80 per barrel Tuesday boosted by rising natural gas and coal prices, but then reversed lower with the broader market. Unlike past crude oil rallies, analysts don't expect U.S. oil companies to boost drilling.</p><p><blockquote>受天然气和煤炭价格上涨的推动，油价周二飙升至每桶 80 美元以上，但随后随大盘走低。与过去的原油反弹不同，分析师预计美国石油公司不会增加钻探。</blockquote></p><p> The U.K. and Europe are seeing a natgas shortage as suppliers were drained after a cold winter in 2020 and wind supplies weren't enough to cover the shortfall. China is clamoring for more coal to avoid power shortages.</p><p><blockquote>英国和欧洲正面临天然气短缺，因为在 2020 年寒冬过后，供应商枯竭，风能供应不足以弥补短缺。中国迫切需要更多煤炭以避免电力短缺。</blockquote></p><p> The increased demand for natgas and coal could spill over into the oil sector as an alternative energy source and send oil prices surging. BofA analysts said earlier this month that oil prices could hit triple-digits in the next six months if there is a cold winter.</p><p><blockquote>对天然气和煤炭的需求增加可能会作为替代能源溢出到石油行业，并导致油价飙升。美国银行分析师本月早些时候表示，如果冬季寒冷，未来六个月油价可能会达到三位数。</blockquote></p><p> Brent fell 1% to $78.72 per barrel after hitting a nearly three-year high of $80 in early trading. U.S. crude dipped 0.8% to $74.86 after topping $76 intraday. Natural gas futures, up over 10% early Tuesday to their highest since 2014, climbed 3%.</p><p><blockquote>布伦特原油在早盘触及近三年高点 80 美元后下跌 1%，至每桶 78.72 美元。美国原油盘中突破 76 美元后下跌 0.8%，至 74.86 美元。天然气期货周二早些时候上涨超过 10%，达到 2014 年以来的最高水平，随后上涨 3%。</blockquote></p><p> \"We are seeing structural issues in the underinvestment in traditional fossil fuels,\" Phil Flynn of the Price Futures group wrote in his morning note Tuesday. \"That lower for longer for oil and gas was a false premise and that peak demand also will prove to be much further in the future than many had a year ago believed.\"</p><p><blockquote>“我们看到传统化石燃料投资不足存在结构性问题，”价格期货集团的菲尔·弗林在周二的早间报告中写道。“石油和天然气价格持续走低是一个错误的前提，而且事实证明，未来的需求峰值也将比许多人一年前认为的要远得多。”</blockquote></p><p> <b>ConocoPhilips</b> and <b>Devon Energy</b> rose slightly Tuesday, off intraday highs but extending recent breakouts and win streaks. <b>EOG Resources</b> and <b>Pioneer Natural Resources</b> edged higher, working up the right side of bases. But <b>Denbury</b>, a big winner for much of 2021, sold off hard after flirting with a new buy point for several days.</p><p><blockquote><b>康菲石油</b>和<b>德文能源</b>周二小幅上涨，摆脱盘中高点，但延续了近期的突破和连胜势头。<b>EOG资源</b>和<b>先锋自然资源</b>边缘更高，向上移动到底座的右侧。但<b>登伯里</b>在 2021 年的大部分时间里，该公司都是大赢家，但在与新的买点调情几天后，该公司遭遇了严重抛售。</blockquote></p><p> <h3>U.S. Producers Face Uncertainty</h3> During Covid-19 producers scaled back drilling, then as demand for oil increased turned to finish drilled but uncompleted wells.</p><p><blockquote><h3>美国生产商面临不确定性</h3>在 Covid-19 期间，生产商缩减了钻探规模，然后随着石油需求的增加，他们转向已钻探但未完工的油井。</blockquote></p><p> But rising oil prices won't be enough to spur U.S. independent producers to rapidly boost drilling after years of careful capital discipline.</p><p><blockquote>但油价上涨不足以刺激美国独立生产商在多年谨慎的资本纪律后迅速增加钻探。</blockquote></p><p> Gabriele Sorbara, a senior equity analyst at Siebert Williams Shank & Co. expects U.S. shale oil companies to remain in \"maintenance mode\" in drilling and completing new wells to grow at low-single digits.</p><p><blockquote>Siebert Williams Shank & Co. 高级股票分析师 Gabriele Sorbara 预计，美国页岩油公司在钻探和完成新井方面将保持“维护模式”，以低个位数增长。</blockquote></p><p> Despite the $100 oil price estimates floating around Wall Street, there remains uncertainty in the forward market, he said. Also, many U.S. exploration and production companies were forced to hedge when oil prices went negative last year, locking in contracts at much lower oil prices.</p><p><blockquote>他说，尽管华尔街对100美元的油价估计浮动，但远期市场仍然存在不确定性。此外，去年油价下跌时，许多美国勘探和生产公司被迫对冲，以低得多的油价锁定合同。</blockquote></p><p> OPEC+ also remains a major variable.</p><p><blockquote>欧佩克+也仍然是一个主要变量。</blockquote></p><p> \"We've seen over the years that OPEC decides to wake up and start a war,\" Sorbara said recalling a contentious meeting over Thanksgiving weekend in 2014 that sent oil prices plunging.</p><p><blockquote>索尔巴拉回忆起 2014 年感恩节周末导致油价暴跌的一次有争议的会议时表示：“这些年来，我们已经看到欧佩克决定醒来并发动战争。”</blockquote></p><p> Instead of ramping up new drilling, U.S. independent producers flush with free cash flow, will be focused on returning cash to shareholders or looking at making purchases to expand holdings, he said. ConocoPhillips scooped up <b>Royal Dutch Shell'</b>s assets in Texas earlier this month.</p><p><blockquote>他表示，拥有自由现金流的美国独立生产商不会增加新钻探，而是会专注于向股东返还现金，或者考虑进行收购以扩大持股。康菲石油公司收购<b>荷兰皇家壳牌公司</b>本月早些时候在德克萨斯州的资产。</blockquote></p><p> COP stock rose 1.25%, while DVN stock gained 0.6%. Both are extended from buy points.</p><p><blockquote>COP股价上涨1.25%，DVN股价上涨0.6%。两者都是从买入点扩展而来的。</blockquote></p><p> Meanwhile, EOG stock edged up 0.3% to 82.05 on the stock market today. EOG is working on an 88.09 buy point. <b>Pioneer Natural Resources </b>ticked up 4 cents to 168.06. PXD stock is working toward a 175.47 buy point, but it cleared a lowish handle last week. <b>Continental Resources</b> dipped 1,5%, but still extended.</p><p><blockquote>与此同时，EOG股价今天在股市上小幅上涨0.3%，至82.05点。EOG 正在研究 88.09 的买入点。<b>先锋自然资源</b>上涨 4 美分至 168.06。PXD 股票正朝着 175.47 的买入点迈进，但上周清除了一个低迷的处理。<b>大陆资源</b>下跌 1.5%，但仍延长。</blockquote></p><p> Denbury stock tumbled 5.4% to 70.97, well below a 75.30 entry.</p><p><blockquote>Denbury 股价下跌 5.4%，至 70.97 点，远低于 75.30 点的入场点。</blockquote></p><p> <h3>OPEC+ Meeting Looms</h3> As U.S. producers remain disciplined, OPEC+, which includes the OPEC and top non-member producers like Russia, is slated to meet Monday to discuss its output quotas.</p><p><blockquote><h3>欧佩克+会议迫在眉睫</h3>由于美国产油国保持纪律，包括欧佩克和俄罗斯等主要非成员国产油国在内的欧佩克+定于周一开会讨论其产量配额。</blockquote></p><p> The oil cartel agreed in July to boost production by 400,000 barrels per day starting in August. OPEC+ plans to continue expanding at that monthly pace through September 2022.</p><p><blockquote>石油卡特尔在7月份同意从8月份开始每天增产40万桶。欧佩克+计划在2022年9月之前继续以每月的速度扩张。</blockquote></p><p> But a slow and steady increase might not be enough.</p><p><blockquote>但缓慢而稳定的增长可能还不够。</blockquote></p><p> The Biden administration called on OPEC+ in August to boost production to prevent oil prices from stalling the economic recovery. The current oil price surge could put even more pressure on OPEC+ to boost output.</p><p><blockquote>拜登政府8月份呼吁欧佩克+提高产量，以防止油价拖累经济复苏。当前油价飙升可能会给欧佩克+增加产量带来更大压力。</blockquote></p><p> \"If momentum is sustained, pressure will grow on OPEC+ to speed up the pace that it increases output,\" Craig Erlam, senior market analyst at Oanda said in a note Monday.</p><p><blockquote>Oanda 高级市场分析师克雷格·埃拉姆 (Craig Erlam) 在周一的一份报告中表示：“如果势头持续下去，OPEC+ 将面临加快增产步伐的压力。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2171260603","content_text":"Oil prices soared to over $80 per barrel Tuesday boosted by rising natural gas and coal prices, but then reversed lower with the broader market. Unlike past crude oil rallies, analysts don't expect U.S. oil companies to boost drilling.\nThe U.K. and Europe are seeing a natgas shortage as suppliers were drained after a cold winter in 2020 and wind supplies weren't enough to cover the shortfall. China is clamoring for more coal to avoid power shortages.\nThe increased demand for natgas and coal could spill over into the oil sector as an alternative energy source and send oil prices surging. BofA analysts said earlier this month that oil prices could hit triple-digits in the next six months if there is a cold winter.\nBrent fell 1% to $78.72 per barrel after hitting a nearly three-year high of $80 in early trading. U.S. crude dipped 0.8% to $74.86 after topping $76 intraday. Natural gas futures, up over 10% early Tuesday to their highest since 2014, climbed 3%.\n\"We are seeing structural issues in the underinvestment in traditional fossil fuels,\" Phil Flynn of the Price Futures group wrote in his morning note Tuesday. \"That lower for longer for oil and gas was a false premise and that peak demand also will prove to be much further in the future than many had a year ago believed.\"\nConocoPhilips and Devon Energy rose slightly Tuesday, off intraday highs but extending recent breakouts and win streaks. EOG Resources and Pioneer Natural Resources edged higher, working up the right side of bases. But Denbury, a big winner for much of 2021, sold off hard after flirting with a new buy point for several days.\nU.S. Producers Face Uncertainty\nDuring Covid-19 producers scaled back drilling, then as demand for oil increased turned to finish drilled but uncompleted wells.\nBut rising oil prices won't be enough to spur U.S. independent producers to rapidly boost drilling after years of careful capital discipline.\nGabriele Sorbara, a senior equity analyst at Siebert Williams Shank & Co. expects U.S. shale oil companies to remain in \"maintenance mode\" in drilling and completing new wells to grow at low-single digits.\nDespite the $100 oil price estimates floating around Wall Street, there remains uncertainty in the forward market, he said. Also, many U.S. exploration and production companies were forced to hedge when oil prices went negative last year, locking in contracts at much lower oil prices.\nOPEC+ also remains a major variable.\n\"We've seen over the years that OPEC decides to wake up and start a war,\" Sorbara said recalling a contentious meeting over Thanksgiving weekend in 2014 that sent oil prices plunging.\nInstead of ramping up new drilling, U.S. independent producers flush with free cash flow, will be focused on returning cash to shareholders or looking at making purchases to expand holdings, he said. ConocoPhillips scooped up Royal Dutch Shell's assets in Texas earlier this month.\nCOP stock rose 1.25%, while DVN stock gained 0.6%. Both are extended from buy points.\nMeanwhile, EOG stock edged up 0.3% to 82.05 on the stock market today. EOG is working on an 88.09 buy point. Pioneer Natural Resources ticked up 4 cents to 168.06. PXD stock is working toward a 175.47 buy point, but it cleared a lowish handle last week. Continental Resources dipped 1,5%, but still extended.\nDenbury stock tumbled 5.4% to 70.97, well below a 75.30 entry.\nOPEC+ Meeting Looms\nAs U.S. producers remain disciplined, OPEC+, which includes the OPEC and top non-member producers like Russia, is slated to meet Monday to discuss its output quotas.\nThe oil cartel agreed in July to boost production by 400,000 barrels per day starting in August. OPEC+ plans to continue expanding at that monthly pace through September 2022.\nBut a slow and steady increase might not be enough.\nThe Biden administration called on OPEC+ in August to boost production to prevent oil prices from stalling the economic recovery. The current oil price surge could put even more pressure on OPEC+ to boost output.\n\"If momentum is sustained, pressure will grow on OPEC+ to speed up the pace that it increases output,\" Craig Erlam, senior market analyst at Oanda said in a note Monday.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2603,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":16,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/862278025"}
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