Geopolitics Alpha

Raskin says oil companies will face consequences for importing Russian diesel

Published . Updated .

ENERGYRaskin says oil companies willface consequences for importingRussian dieselGEOPOLITICS 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.

  • 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.

  • FRO Frontline+4.7% 30d

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

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-3.36%-2.27%baseafter closeafter closeafter closeafter close
XLE-2.42%-2.96%baseafter closeafter closeafter closeafter close
BWETNo price data for this ticker———————
XOM-3.61%-3.44%baseafter closeafter closeafter closeafter close
CVX-2.74%-2.34%baseafter closeafter closeafter closeafter close
COPNo price data for this ticker———————
SHELNo price data for this ticker———————
FRONo 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

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Raskin says oil companies will face consequences for importing Russian diesel The Hill

Source: The Hill

Energy

CompanyWhenMoveStatus
CVXthree days earlier-2.34%final price
CVXfive days earlier-2.74%final price
USOthree days earlier-2.27%final price
USOfive days earlier-3.36%final price
XLEthree days earlier-2.96%final price
XLEfive days earlier-2.42%final price
XOMthree days earlier-3.44%final price
XOMfive days earlier-3.61%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

“Raskin says oil companies will face consequences for importing Russian diesel” scores 12 out of 100. The score uses 1 sources.