Wednesday, May 6, 2026

Hedge Funds Turn Strongly Bullish on U.S. NatGas

From Reuters Hedge funds have built their largest bullish position in U.S. natural gas for more than two years amid signs the gas glut is being eroded quickly and the market could tighten in 2017. Hedge funds and other money managers have amassed a net long position in the two main futures and options contracts on NYMEX and ICE equivalent

Cheniere Energy Names New CFO

From the Houston Chronicle Jack Fusco, who in May was named Cheniere’s CEO, said in a statement Monday that the new team “will help us achieve our vision to be recognized as the premier global LNG company.” Among the changes, Michael Wortley will be promoted to executive vice president and chief financial officer. Wortley will be responsible for Cheniere’s “long-term

Petrobras to Speed Up Divestitures, Cut Investments 25%

Petrobras plans to reduce its $124 billion debt, dropping its debt-to-EBITDA to 2.5 by 2018 Brazil’s state-owned Petroleo Brasileiro (ticker: PBR) released both its strategic, and business and management plans for 2017 to 2021 as the company looks to rebuild trust with investors as Petrobras, as the company is commonly referred to, attempts to deleverage amid a corruption probe. Petrobras