Methanex Soars 14% on Earnings Beat as Middle East Conflict’s “Dramatic Impact” Lifts Methanol Prices
Published . Updated .
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This report is about oil and tanker shipping.
Directly affected
- MEOH Methanex
Named in this report.
Indirectly affected
- USO United States Oil Fund+8.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “middle east” (oil) in this story.
- XLE Energy Select Sector SPDR+8.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “middle east” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “middle east” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+0.3% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “middle east” (defense) in this story.
- FRO Frontline+8.7% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “middle east” (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 “middle east” (tanker shipping) in this story.
- INSW International Seaways-3.9% 12d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “middle east” (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 “middle east” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| MEOH | -10.12% | -11.10% | base | -4.37% | -2.36% | after close | after close |
| USO | -1.54% | -1.29% | base | -7.16% | -6.32% | after close | after close |
| XLE | -0.51% | -2.20% | base | -3.91% | -4.71% | after close | after close |
| BWET | -4.39% | -3.93% | base | -2.78% | -10.37% | after close | after close |
| ITA | -1.26% | -0.97% | base | +2.36% | +3.18% | after close | after close |
| FRO | -2.94% | -2.39% | base | -8.48% | -7.80% | after close | after close |
| DHT | -1.70% | -2.24% | base | -4.60% | -4.32% | after close | after close |
| INSW | +1.66% | -0.13% | base | -5.57% | -6.32% | after close | after close |
| TNK | +0.20% | -1.49% | base | -5.28% | -5.21% | after close | after 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.
Methanex Soars 14% on Earnings Beat as Middle East Conflict’s “Dramatic Impact” Lifts Methanol Prices Yahoo Finance
Source: Yahoo Finance
Middle East
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | -2.78% | final price |
| BWET | the next day | -10.37% | final price |
| BWET | three days earlier | -3.93% | final price |
| BWET | five days earlier | -4.39% | final price |
| DHT | that day | -4.60% | final price |
| DHT | the next day | -4.32% | final price |
| DHT | three days earlier | -2.24% | final price |
| DHT | five days earlier | -1.70% | final price |
| FRO | that day | -8.48% | final price |
| FRO | the next day | -7.80% | final price |
| FRO | three days earlier | -2.39% | final price |
| FRO | five days earlier | -2.94% | final price |
| INSW | that day | -5.57% | final price |
| INSW | the next day | -6.32% | final price |
| INSW | three days earlier | -0.13% | final price |
| INSW | five days earlier | +1.66% | final price |
| ITA | that day | +2.36% | final price |
| ITA | the next day | +3.18% | final price |
| ITA | three days earlier | -0.97% | final price |
| ITA | five days earlier | -1.26% | final price |
| MEOH | that day | -4.37% | final price |
| MEOH | the next day | -2.36% | final price |
| MEOH | three days earlier | -11.10% | final price |
| MEOH | five days earlier | -10.12% | final price |
| TNK | that day | -5.28% | final price |
| TNK | the next day | -5.21% | final price |
| TNK | three days earlier | -1.49% | final price |
| TNK | five days earlier | +0.20% | final price |
| USO | that day | -7.16% | final price |
| USO | the next day | -6.32% | final price |
| USO | three days earlier | -1.29% | final price |
| USO | five days earlier | -1.54% | final price |
| XLE | that day | -3.91% | final price |
| XLE | the next day | -4.71% | final price |
| XLE | three days earlier | -2.20% | final price |
| XLE | five days earlier | -0.51% | final price |
Middle East on the map for this story
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Methanex Soars 14% on Earnings Beat as Middle East Conflict’s “Dramatic Impact” Lifts Methanol Prices” is tagged to Middle East.
Middle East
12 out of 100
“Methanex Soars 14% on Earnings Beat as Middle East Conflict’s “Dramatic Impact” Lifts Methanol Prices” scores 12 out of 100. The score uses 1 sources.