BP known as British Petroleum, is the third largest oil company in the world. Listed on LSE ( London Stock Exchange) and form part of the FTSE100 Index. BP have almost 100k workers in more than 100 countries and 25K gas stations. Also they play a huge role in the Manufacture industry of chemical, fibers, and plastics products.
ExxonMobil leads the top rank of the biggest oil companies in the USA and one of the biggest around the world. They hold four brands: Esso, Exxon, Mobil and ExxonMobil. Those brands are one of the top brands in the markets feuls, lubricants and chemicals. Listed as XOM on NYSE (New York Stock Exchange) ExxonMobil have almost 60k workers and more than 10k gas stations.
Technology volume over the last decade have balooned forming more than 30% of the S&P 500. Accordning to numbers top five tech stocks and larger than the entire U.S. energy sector. These estadictics doesnt reflect a fall or weakness in the energy sector but the skyrocketing technology sector.
Our Strategic Petroleum Reserve is there for a natural disaster or some other catastrophe.
By Jason Chaffetz
Four sites form the oil sotrage facilities of the United States called SPR (Strategic Petroleum Reserve), two sites in Texas (Bryan Mound and Big Hill) and two in Louisiana (West Hackberry and Bayou Choctaw), where more than 700 million barrels are stored.
Bryan Mound : Storage 201 Million Barrils 66.8 Sweet 134.2 Sour
West Hackberry : Storage 156.4 Million Barrils 102.2 Sweet 54.2 Sour
Big Hill : Storage 101.5 Million Barrils 65 Sweet 36.5 Sour
Bayou Choctaw : Storage 41.3 Million Barrils 1.6 Sweet 39.7 Sour
U.S. in releasing more oil from its reserves as part of it’s plan to lower fuel prices, and U.K. is joining them aiming to reduce reliance on Russian supply.
The plan was to release 1 million Barrels daily for 6 months since the president Joe Biden annouced the plan on early April, expecting his allies to release 50 millions barrels from their stocks.
Although Oil rises on U.S. market after the data released showed larger drawdown in U.S. crude stockpiles than expected, our analysis, studies, and data recompilation still show a Down-Trend in Oil prices on the long term.
Most investors arround the world take their desicions relieing on news, politics, economics and war. We Believe in Numbers.
Our numbers show a furthure inlcination on Oil prices descending to $86 then $82 on the WTI cfd, and $86 on the BRENT cfd.
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