Morgan Stanley downgraded Occidental Petroleum and Ovintiv on August 18, 2025, citing defensive stances on oil E&Ps. The firm also forecasted Brent crude prices to fall to around $60 a barrel.

The entities involved

• Occidental Petroleum →

  American oil company

  • ExxonMobil and Occidental Petroleum are conducting exploration in the TTUD-1 block in Trinidad and Tobago.Sun 06:12
• Morgan Stanley →

  U.S. investment bank

  • Financial firms including Morgan Stanley, Truist Financial, Jefferies Financial Group, and CIBC issued rating and price objective updates for Clearway Energy.Mon 17:33
  • Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24
• Ovintiv →

  U.S. energy company

  • Trump's oil and gas pledges benefit US stocks, specifically impacting Pfizer.Sun 04:48
• Brent →
  • ECB chair signals readiness to raise rates as potential attacks in Yemen drive oil price spikes and market risk-off.Mon 17:39
  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37

Related events

• Risk premium drives Brent crude prices higher as talks on route access and sanctions relief remain stuck.Aug 10
• Brent crude prices remained above $91 a barrel on August 18, 2026.Aug 18