Oil inventory draws for the rest of 2024. IEA is wrong – peak demand is not imminent. Both E&P and oil service shares look highly attractive.
25 Sep 2024
Crude Quarterly Q3'24: Lower oil price
Okea ASA (OKEA:STO), 0 | OKEA ASA (OKEA:OSL), 0 | Var Energi ASA (VAR:OSL), 0 | DNO ASA Class A (DNO:OSL), 0 | DNO (DNO:STO), 0 | Equinor ASA (EQNR:STO), 0 | Equinor ASA (EQNR:OSL), 0 | BW Energy Ltd. (BWE:OSL), 0 | PETROLEUM GEO-SERVICES (PGS:STO), 0 | SUBSEA 7 (SUBC:STO), 0 | Subsea 7 S.A. (SUBC:OSL), 0 | TGS NOPEC GEOPHYSICAL CO (TGS:STO), 0 | TGS ASA (TGS:OSL), 0 | DOF Group ASA (DOFG:OSL), 0 | ARCHER (ARCHER:STO), 0 | Aker BP ASA (AKRBP:OSL), 0 | Aker Bp ASA (AKERBP:STO), 0 | AKER SOLUTIONS (AKSO:STO), 0 | Aker Solutions ASA (AKSO:OSL), 0 | AKER ASA-A SHARES (AKER:STO), 0 | Aker ASA Class A (AKER:OSL), 0 | Seadrill Partners LLC (SDLPF:NYSE), 0 | Seadrill Ltd (SDRL:NYSE), 0 | Seadrill Limited (P4F:HAM), 0 | Seadrill Limited (SDRL:NYS), 0 | Seacrest Petroleo Bermuda Ltd. (SEAPT:OSL), 0 | Prosafe SE (PRS:STO), 0 | Prosafe SE (PRS:OSL), 0 | BW Offshore (BWO:STO), 0 | Borr Drilling Limited (BORR:OSL), 0 | ODFJELL DRILLING (ODL:STO), 0 | KONGSBERG GRUPPEN (KOG:STO), 0 | Kongsberg Gruppen ASA (KOG:OSL), 0 | PANORO ENERGY (PEN:STO), 0 | Panoro Energy ASA (PEN:OSL), 0 | AKASTOR (AKA:STO), 0 | Akastor ASA (AKAST:OSL), 0
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Crude Quarterly Q3'24: Lower oil price
Okea ASA (OKEA:STO), 0 | OKEA ASA (OKEA:OSL), 0 | Var Energi ASA (VAR:OSL), 0 | DNO ASA Class A (DNO:OSL), 0 | DNO (DNO:STO), 0 | Equinor ASA (EQNR:STO), 0 | Equinor ASA (EQNR:OSL), 0 | BW Energy Ltd. (BWE:OSL), 0 | PETROLEUM GEO-SERVICES (PGS:STO), 0 | SUBSEA 7 (SUBC:STO), 0 | Subsea 7 S.A. (SUBC:OSL), 0 | TGS NOPEC GEOPHYSICAL CO (TGS:STO), 0 | TGS ASA (TGS:OSL), 0 | DOF Group ASA (DOFG:OSL), 0 | ARCHER (ARCHER:STO), 0 | Aker BP ASA (AKRBP:OSL), 0 | Aker Bp ASA (AKERBP:STO), 0 | AKER SOLUTIONS (AKSO:STO), 0 | Aker Solutions ASA (AKSO:OSL), 0 | AKER ASA-A SHARES (AKER:STO), 0 | Aker ASA Class A (AKER:OSL), 0 | Seadrill Partners LLC (SDLPF:NYSE), 0 | Seadrill Ltd (SDRL:NYSE), 0 | Seadrill Limited (P4F:HAM), 0 | Seadrill Limited (SDRL:NYS), 0 | Seacrest Petroleo Bermuda Ltd. (SEAPT:OSL), 0 | Prosafe SE (PRS:STO), 0 | Prosafe SE (PRS:OSL), 0 | BW Offshore (BWO:STO), 0 | Borr Drilling Limited (BORR:OSL), 0 | ODFJELL DRILLING (ODL:STO), 0 | KONGSBERG GRUPPEN (KOG:STO), 0 | Kongsberg Gruppen ASA (KOG:OSL), 0 | PANORO ENERGY (PEN:STO), 0 | Panoro Energy ASA (PEN:OSL), 0 | AKASTOR (AKA:STO), 0 | Akastor ASA (AKAST:OSL), 0
- Published:
25 Sep 2024 -
Author:
Oliver Dunvold | John Olaisen | ABGSC Oil & Oil Services Research | Haakon Amundsen | Martin Mauseth | Stian Wibstad -
Pages:
57
Oil inventory draws for the rest of 2024. IEA is wrong – peak demand is not imminent. Both E&P and oil service shares look highly attractive.