Geopolitics Alpha

India remains world’s biggest driver of oil demand growth: Petroleum Minister Puri

Published . Updated .

ENERGYIndia remains world’s biggestdriver of oil demand growth:Petroleum Minister PuriGEOPOLITICS ALPHA

This report is about oil and tanker shipping.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+8.2% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+7.4% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF+64.8% 18d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.

  • INDA iShares MSCI India ETF-5.0% 30d

    iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”).

  • XOM ExxonMobil Holdings+11.0% 11d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+9.9% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+11.7% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • SHEL Shell+0.1% 13d

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-5.13%-5.78%base-2.94%after closeafter closeafter close
XLE-2.19%-1.69%base-0.41%after closeafter closeafter close
BWETNo price data for this ticker———————
INDANo price data for this ticker———————
XOM-2.72%-2.80%base-0.51%after closeafter closeafter close
CVX-3.75%-2.77%base-0.81%after closeafter closeafter close
COP-3.70%-3.40%base-0.82%after closeafter closeafter close
SHELNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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India remains world’s biggest driver of oil demand growth: Petroleum Minister Puri The Tribune

Source: The Tribune

Energy

CompanyWhenMoveStatus
COPthat day-0.82%still updating
COPthree days earlier-3.40%final price
COPfive days earlier-3.70%final price
CVXthat day-0.81%still updating
CVXthree days earlier-2.77%final price
CVXfive days earlier-3.75%final price
USOthat day-2.94%still updating
USOthree days earlier-5.78%final price
USOfive days earlier-5.13%final price
XLEthat day-0.41%still updating
XLEthree days earlier-1.69%final price
XLEfive days earlier-2.19%final price
XOMthat day-0.51%still updating
XOMthree days earlier-2.80%final price
XOMfive days earlier-2.72%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100Price not final

“India remains world’s biggest driver of oil demand growth: Petroleum Minister Puri” scores 12 out of 100. The score uses 1 sources. The price is not final yet.