Real Oil Market Is Sinking and OPEC+ Deal Can’t Rescue It [Yahoo! Finance News]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
Company Research
Source: Yahoo! Finance News
) -- The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago.On Sunday, producer nations pledged to limit output by an unprecedented 10% of global supply. While there’s skepticism the cuts will prove deep enough -- demand has plunged by far more -- a more pressing issue is one of timing: the real market, the one that underpins headline prices, has a huge glut and the output curbs won’t even begin until May. Before then, it’s pump at will so the curbs won’t really affect physical oil supply for months.Signs of weakness abound. Key North Sea crude swaps are trading more than $6 a barrel below the headline Brent futures price of about $28 -- the biggest discount in almost a decade. The critically important Dated Brent benchmark that shapes the price of millions of barrels of crude was assessed by S&P Global Platts at $18.08 on Wednesday. At the same time, a gauge of U.S. supply is at its we
Show less
Read more
Impact Snapshot
Event Time:
PSX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PSX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PSX alerts
High impacting Phillips 66 news events
Weekly update
A roundup of the hottest topics
PSX
News
- Phillips 66 (PSX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities ProgressBusiness Wire
- Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down [Seeking Alpha]Seeking Alpha
PSX
Earnings
- 4/26/24 - Miss
PSX
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/4/24 - Form 8-K
- PSX's page on the SEC website