Oil investing in oil investing trends this week

In oil investing trends this week, WTI futures gained 2.4% to $90.8 amid US inventory drawdowns, signaling tighter supply. Multi-asset managers are increasing exposure to integrated oil majors, citing stable dividends and potential upside from sustained price strength. DAC technology is much more expensive than conventional CCS equipment, but many companies have invested in DAC activities in recent years in response to government pressure to decarbonise. Now, recent reviews suggest that DAC technology is struggling to grow out of the pilot phase, as interest in the sector wanes. Climeworks said that at its flagship Mammoth plant in Iceland, which is thought to have a carbon capture capacity of 36,000 tonnes of carbon dioxide a year, the equipment captured just 750 tonnes in the first 10 months of operations. Excelling in upstream oil production (exploration & extraction) as well as oil refining, Chevron and Exxon have maintained their dominance by focusing on high-return projects while maintaining disciplined capital spending. Oil investing outlooks are highlighting possible upside from China’s stimulus measures aimed at infrastructure and manufacturing, which could lift petroleum demand forecasts by 3% next quarter.