SLB Stock Forecast: Up-trends in Oil as COVID relaxes

June 3, 2021

Joshua GellerThis SLB Stock Forecast article was written by Joshua Geller – Financial Analyst intern I Know First.

Highlights:

  • SLB's stock has grown 150% since mid-November 2020 and 25.66% in the last month alone.
  • As the economic demand for raw materials surges coming out of the pandemic, OPEC has announced large increases in petroleum output and will regulate 5.8 million barrels per day as of July, 2021.
  • Technical analysis reveals up-trends in the stock's price and a rebound from November 2020's rude oil lows.

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Bearish Oil Price Forecast: The Sun is Setting

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This article was written by Cole Winston, a Financial Analyst at I Know First.

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The Qatar Crisis: A Game Changer For Crude Oil Prices?

June 12, 2017

This article was written by Harry Chiang, a financial analyst at I Know First.

The Qatar Crisis: A Game Changer For Crude Oil Prices?

Summary:

  • Current Situation
  • Leading Factors
  • America & the Middle East: Complex Political Relations
  • Qatar's Role in OPEC & Oil
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Oil Forecast: Will the Oil Glut Dry Up Soon?

July 22, 2015

Summary

  • Iranian capacity to produce oil is severely hampered in the short-term.
  • Demand for oil in China and India is still growing.
  • Conflicts in oil-producing nations make a regular supply of oil from those countries uncertain.
  • Potential for OPEC to finally cut production levels.
  • Algorithmic analysis concludes little to no correlation between long term and short term price expectation.

Over the past few months oil prices have reached phenomenal lows and most countries have welcomed the cheaper energy prices. But, due to high demand in India and China, obstacles halting Iranian production, numerous conflicts in regions saturated in oil and the likelihood of OPEC cutting production levels, oil prices will inevitably rise.

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