Geopolitics Alpha

Türkiye discovers two oil fields with an oil potential of 135 mbl

Published . Updated .

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ENERGYTürkiye discovers two oil fieldswith an oil potential of 135 mblGEOPOLITICS 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-1.1% 30d

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

  • XLE Energy Select Sector SPDR+7.5% 30d

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

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

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

  • TUR iShares MSCI Turkey ETF-17.0% 30d

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

  • XOM ExxonMobil Holdings-2.7% 17d

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

  • CVX Chevron+2.9% 30d

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

  • FRO Frontline+1.6% 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.

  • COP ConocoPhillips+6.5% 30d

    ConocoPhillips (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
USO+1.59%-3.20%baseafter closeafter closeafter closeafter close
XLE-4.15%-3.23%baseafter closeafter closeafter closeafter close
BWET+16.99%-9.44%baseafter closeafter closeafter closeafter close
TUR-2.38%-0.72%baseafter closeafter closeafter closeafter close
XOM-2.28%-3.14%baseafter closeafter closeafter closeafter close
CVX-1.78%-2.44%baseafter closeafter closeafter closeafter close
FRO-2.89%-6.19%baseafter closeafter closeafter closeafter close
COP-2.69%-3.19%baseafter closeafter closeafter 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.

Türkiye discovers two oil fields with an oil potential of 135 mbl Enerdata

Source: Enerdata

Energy

CompanyWhenMoveStatus
BWETthree days earlier-9.44%final price
BWETfive days earlier+16.99%final price
COPthree days earlier-3.19%final price
COPfive days earlier-2.69%final price
CVXthree days earlier-2.44%final price
CVXfive days earlier-1.78%final price
FROthree days earlier-6.19%final price
FROfive days earlier-2.89%final price
TURthree days earlier-0.72%final price
TURfive days earlier-2.38%final price
USOthree days earlier-3.20%final price
USOfive days earlier+1.59%final price
XLEthree days earlier-3.23%final price
XLEfive days earlier-4.15%final price
XOMthree days earlier-3.14%final price
XOMfive days earlier-2.28%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

“Türkiye discovers two oil fields with an oil potential of 135 mbl” scores 12 out of 100. The score uses 1 sources.