Geopolitics Alpha

Iraq needs to buy tankers to boost oil exports: minister

Published . Updated .

ENERGYIraq needs to buy tankers to boostoil exports: ministerGEOPOLITICS ALPHA

This report is about oil and tanker shipping. Names like FRO and TNK typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+2.7% 30d

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

  • XLE Energy Select Sector SPDR+5.6% 30d

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

  • BWET Breakwave Tanker Shipping ETF+61.1% 18d

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

  • FRO Frontline+7.1% 30d

    Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • TNK Teekay Tankers

    Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • DHT DHT Holdings

    DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • INSW International Seaways+3.5% 7d

    International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings+11.8% 12d

    ExxonMobil Holdings (petroleum refining): 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
USONo price data for this ticker———————
XLENo price data for this ticker———————
BWETNo price data for this ticker———————
FRO-4.16%-3.04%base+4.35%+1.67%after closeafter close
TNK-4.67%-3.50%base+1.55%-1.09%after closeafter close
DHT-6.23%-1.71%base+0.10%-1.77%after closeafter close
INSW-5.43%+0.49%base+2.67%+0.54%after closeafter close
XOM-2.72%-2.80%base+0.41%-1.64%after closeafter close

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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Iraq needs to buy tankers to boost oil exports: minister TradingView

Source: TradingView

Energy

CompanyWhenMoveStatus
DHTthat day+0.10%final price
DHTthe next day-1.77%final price
DHTthree days earlier-1.71%final price
DHTfive days earlier-6.23%final price
FROthat day+4.35%final price
FROthe next day+1.67%final price
FROthree days earlier-3.04%final price
FROfive days earlier-4.16%final price
INSWthat day+2.67%final price
INSWthe next day+0.54%final price
INSWthree days earlier+0.49%final price
INSWfive days earlier-5.43%final price
TNKthat day+1.55%final price
TNKthe next day-1.09%final price
TNKthree days earlier-3.50%final price
TNKfive days earlier-4.67%final price
XOMthat day+0.41%final price
XOMthe next day-1.64%final price
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 100

“Iraq needs to buy tankers to boost oil exports: minister” scores 12 out of 100. The score uses 1 sources.