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Posted on 6/13/25 at 9:52 am to Dire Wolf
quote:
Oil Stocks Lag Behind Crude Surge After Israel-Iran Escalation
Israel launched a new phase in its conflict with Iran on June 13, 2025, striking nuclear facilities and targeting military personnel, driving oil prices higher.
Despite the oil price surge, major oil companies’ stocks have not kept pace, showing only modest gains.
Chevron (CVX): +0.53% ($145.787)
Shell (SHEL): +0.55% ($71.789)
TotalEnergies (TTE): +0.36% ($63.367)
Eni (E): +0.28% ($32.35)
ExxonMobil (XOM): +1.64% ($111.66)
BP (BP): +1.78% ($31.446)
ConocoPhillips (COP): +2.36% ($96.858)
Occidental Petroleum (OXY): +2.97% ($46.05)
Equinor (EQNR) stood out, climbing +4.11% to $27.504, reflecting stronger investor confidence in its performance amid the geopolitical tensions.
LINK
quote:
Egypt Faces Gas Crisis As Israel Halts Leviathan Field Production
Israel’s order to shut down its massive Leviathan gas field on amid escalating conflict with Iran, has halted a critical supply line to Egypt, exacerbating regional energy strains. Chevron, the field’s operator, confirmed the closure following Israel’s Energy Ministry citing security threats after strikes on Iranian nuclear sites. Energean Plc also suspended its Israeli assets. The shutdown has disrupted gas flows to Egypt, which relies on Leviathan’s 981 million cubic feet per day to meet peak summer demand and fuel its LNG export ambitions. European gas prices surged 6.6% on the news, reflecting a tightening global market.
Egypt now faces potential emergency LNG purchases, straining its grid and export capacity. Jordan’s gas supply is also at risk. While Chevron’s Tamar and Energean’s Karish fields continue to serve Israel’s domestic needs, prolonged disruptions could destabilize the region’s energy balance.
Posted on 6/13/25 at 10:01 am to fightin tigers
quote:
What crude is that? 20:00 what time? Who is trading live commodities that way?
The majors and some smaller O&G companies have trading floors buying and selling oil and natural gas 24/7. Large tankers full, stored production and futures. They look like a Wall Street trading floor, multiple large computer monitors displaying real-time prices worldwide. The better traders tend to have finance or accounting backgrounds and make bank.
It’s a commodity, just like corn or soybeans.
Posted on 6/13/25 at 11:31 am to Mr Breeze
quote:
The majors and some smaller O&G companies have trading floors buying and selling oil and natural gas 24/7. Large tankers full, stored production and futures.
Is there a link to this?
Posted on 6/13/25 at 12:00 pm to geauxtigers87
quote:
i'd rather pay more at the pump than have my kids have to go fight in the fricking desert
Same. Just hope we don't get dragged into to this.
Posted on 6/13/25 at 12:06 pm to TigersHuskers
quote:
Wonder how much higher it goes. More pain at the pump. Great.
You do realize it's still $2 cheaper a gallon than it was a few years ago, right?
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