Capital Markets

Source: Reuters

Column: Hedge funds trim short oil positions as prices hit crisis point

Reuters


LONDON – Hedge funds began trimming short positions in petroleum last week as crude oil prices fell to crisis levels for some producers and refiners and traders started to anticipate shutdowns at oilfields and refineries.

Extreme high and low …

The 360 Digital Closing Bell Week Ahead – 3/30/2020

The 360 Digital Closing Bell Week Ahead – 3/30/2020

The 360 Digital Bell Week Ahead Report. Michael Tanner, the Host of the closing bell, covers what to look for during this week; the good the bad and the homely.

Some of the key takeaways this week:

 

The oil

The 360 Digital Closing Bell Week Lookback – 3/27/2020

The 360 Digital Closing Bell Week Lookback – 3/27/2020

The 360 Digital Bell Week Lookback Report. Michael Tanner, the Host of the closing bell, Covers what happened during this week; the good the bad and the homely. 

Some of the key takeaways this week: 

  • 10 Million reduction in demand 
Tailwater Capital closes fourth fund with $1.1 billion in total commitments

Tailwater Capital closes fourth fund with $1.1 billion in total commitments

Tailwater Capital


DALLASMarch 26, 2020 /PRNewswire/ — Tailwater Capital LLC (“Tailwater”), a private equity firm based in Dallas, today announced that it has closed Tailwater Energy Fund IV LP (“Fund IV”) with $1.1 billion in capital commitments, …

Source: Houston Chronicle

Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure – sources

Reuters


WASHINGTON/NEW YORK – U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank’s derivatives exposure above a key regulatory threshold, according to two sources with knowledge …

Source: Houston Chronicle

Stocks jump, heading for first back-to-back gain in 6 weeks

Houston Chronicle


NEW YORK (AP) — Stocks are adding to their gains Wednesday as Congress moves closer to passing a $2 trillion package to help the economy deal with damage caused by the coronavirus.

The S&P 500 was up 4.7% …

The 360 Digital Closing Bell Week Ahead – 3/23/2020

The 360 Digital Closing Bell Week Ahead – 3/23/2020

The 360 Digital Bell Week Ahead Report. Michael Tanner, the Host of the closing bell, goes over what to expect this week. We cover how the oil and gas market got to this point and what is just on the

Source: CNBC

Goldman slashes oil forecast, sees US crude at $22 per barrel

CNBC


Goldman Sachs slashed its oil forecast on Tuesday as the COVID-19 outbreak continues to pressure demand.

“Demand losses across the complex are now unprecedented,” Goldman’s global head of commodities research Jeffrey Currie wrote in a note to clients Tuesday. …

Source: CNBC

Based on history, the stock market is pricing in a recession and maybe something more ‘onerous’

CNBC


The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession, based on a history of past declines around economic downturns

March 16, 2020 - 3:30 pm Capital Markets, Closing Bell Story‎, Finance

Brent Oil Prices Continue Their Fall, Plunging Over 10%

Brent crude oil futures crashed more than 10% in early Monday trading. At $30.56 per barrel (as of 10:25 A.M. EDT), the crucial international benchmark is now at its lowest level in more than four years. Brent prices last fell …

March 16, 2020 - 10:30 am Capital Markets, Crude Oil News, Press Releases
Source: CNBC

Oil drops as much as 8%, on pace for worst week in more than a decade

CNBC


Oil prices dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and demand side. U.S. West Texas Intermediate crude is now down more than 25% this week, putting it on

Market Snapshot: Stock futures slide after Tuesday’s rebound

March 11, 2020 - 4:39 am Capital Markets, Press Releases
Source: Houston Chronicle

Oil rebounds from worst loss since 1991 amid stimulus hopes

Houston Chronicle


Oil rebounded from its worst loss since 1991 on speculation that potential U.S. tax cuts may shield the market against the coronavirus and a price feud between major producers.

Futures climbed 10% in New York, advancing in tandem …

Market Snapshot: After a brutal day, stock futures gain after Trump floats cuts to payroll taxes

Market Snapshot: After a brutal day, stock futures gain after Trump floats cuts to payroll taxes

March 10, 2020 - 4:39 am Capital Markets, Economy, Press Releases
Source: Houston Chronicle

Saudi Arabia should follow Russia, even if it kills OPEC

Houston Chronicle


Is it really over? So soon?

Russia’s unwillingness to go along with Saudi Arabia’s emergency supply cut fuels speculation the whole OPEC+ thing is done. I don’t agree. OPEC+ has always been largely a marketing and political tool. …

Source: CNBC

Here’s why financial markets are tanking around the world

CNBC


A group of oil-producing nations known as OPEC failed to reach a deal with its allies over oil output cuts following a meeting in Vienna on Friday. This led OPEC kingpin Saudi Arabia to slash its official selling prices

Source: Houston Chronicle

Plunging oil prices might be just what U.S. gas drillers needed

Houston Chronicle


As the collapse of OPEC+ talks on production cuts sent energy stocks into a tailspin, one corner of the industry defied the rout: U.S. natural gas drillers.

Shares of gas producers including Cabot Oil & Gas Corp., Southwestern …

Source: Reuters

Oil prices plunge by a third as Saudi-Russian pump war looms

Reuters


LONDON – Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they would hike output in a market already …

FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha

Asian shares slammed in panicked trade, oil prices crash

SYDNEY (Reuters)


Asian shares were set for a pounding on Monday as investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20% after Saudi Arabia slashed its official selling price.

The world’s …

Market Extra: Has the coronavirus selloff created a stock-buying opportunity, or is it too early? Here’s what analysts and strategists are advising

Market Extra: Has the coronavirus selloff created a stock-buying opportunity, or is it too early? Here’s what analysts and strategists are advising

Commodities Corner: OPEC+ oil-deal failure may lead to $30 oil prices

Commodities Corner: OPEC+ oil-deal failure may lead to $30 oil prices

An effort by the Organization of the Petroleum Exporting Countries to stabilize the oil market ended in failure on Friday, with Russia rejecting a plan for addition output cuts and sending prices for the commodity plummeting to their lowest levels …

March 7, 2020 - 12:36 am Capital Markets, Crude Oil News, OPEC, Press Releases
Source: Houston Chronicle

IEA plans to revise down oil demand forecasts due to virus

Houston Chronicle


The International Energy Agency plans to revise down its oil-demand forecasts next week because of the spreading coronavirus.

“I am going to announce it Monday morning in Paris,” IEA chief Fatih Birol told a Congressional hearing in Washington …

Source: Reuters

UBS hardens energy lending as ‘sustainable’ investments rise

Reuters


LONDON – Switzerland’s UBS (UBSG.S) said the value of its ‘sustainable’ investments rose by more than 50% to nearly $500 billion in 2019, while lending to the energy and utilities sectors fell by 40% as it tightened …

Source: CNBC

Coronavirus will likely deliver a short-term economic shock to the US, Canaccord strategist warns

CNBC


Canaccord Genuity’s Tony Dwyer warns that recession odds are growing. Dwyer sees the coronavirus outbreak putting the U.S. economy on thin ice.

“If you shut down some of these major cities from business activity, you’re going to go into …

March 4, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance, People
Source: CNBC

Here are the key levels to watch in utilities and gold as investors get defensive: Trader

CNBC


Is it time to get defensive?

That’s been the question of the week after a volatile bout for U.S. markets, which saw the Dow Jones Industrial Average have its biggest-ever one-day point loss Thursday and biggest one-day point gain …

March 4, 2020 - 12:00 pm Capital Markets, Closing Bell Story‎, Economy
Source: CNBC

OPEC will ‘go beyond’ what the market has currently priced in, strategist says

CNBC


OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.

Oil prices have been under pressure since the outbreak of the coronavirus in January dampened the demand outlook for the year.

Following
Source: Reuters

Oil prices slide for fifth day to lowest in a year as virus fears grow

Reuters


NEW YORK – Oil prices plunged more than 4% on Thursday, down for a fifth day to their lowest since January 2019 as more new coronavirus cases outside China fed fears of a pandemic that could slow the global …

Source: CNBC

For investors shaken by Dow plunge, Warren Buffett’s new advice on finding long-term market winners

CNBC


Lost in the hoopla over Berkshire Hathaway chairman and CEO Warren Buffett’s latest annual shareholder letter this past weekend was an implicit warning to the finance executives and managers who run corporate America: Now is the time to be …

February 26, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Economy, People, Popular 2
Source: CNBC

Abu Dhabi makes pitch to private sector in multi-billion dollar investment drive

CNBC


The Abu Dhabi Government is turning to the private sector for the next phase of its multi-year, 50 billion dirham ($13.6 billion) economic stimulus plan known as Ghadan 21.

The stimulus package is aimed at future-proofing and diversifying the …

February 19, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Finance, International
There’s more oil and gas than ever — and the industry is tanking

There’s more oil and gas than ever — and the industry is tanking

AXIOS


The world’s oil and natural gas companies are drilling their way into financial and social hell.

Oil & Gas 360 Publishers Note: Amy Harder has some excellent points backed up with facts and data. This is a good read