Market Chatter: Exxon, Chevron Executives Cancel Trips to UAE Event Over Security Concerns

MT newswire2026/10/29 18:02

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02:02 PM EDT, 10/29/2026 (MT Newswires) -- Executives from Exxon Mobil (XOM) and Chevron (CVX) have canceled their plans to attend the United Arab Emirates' largest oil show next week over security concerns, Reuters reported Thursday, citing two sources familiar with the developments. Exxon Chief Executive Darren Woods was set to attend the conference in Abu Dhabi, while Chevron Upstream President Clay Neff was slated to appear, the report said, citing the sources. Exxon and Chevron didn't immediately reply to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 182.40, Change: +0.38, Percent Change: +0.21

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Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.

华尔街见闻•2026/11/07 07:31