Capital Markets

Source: Reuters

Barclays lifts 2021 oil price outlook on tighter U.S. supply view

Reuters


Barclays raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week’s cold storm in Texas.

The bank increased its 2021 Brent crude oil

Source: Reuters

Blackstone-backed natural gas E&P Vine Energy refiles for an estimated $300 million IPO

Nasdaq


Vine Energy, a Blackstone-backed natural gas E&P operating in Louisiana’s Haynesville Basin, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal that …

February 25, 2021 - 1:30 pm Capital Markets, Closing Bell Story‎, Energy News, Finance
BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

Reuters


Bank of America (BofA) Global Research lifted its forecast for Brent crude oil prices for this year citing tighter supplies due to the Texas freeze and OPEC+ output curbs and unmatched global monetary stimulus, it said in a note …

Source: CNBC

The only reason to be bearish is there’s no reason to be bearish, Bank of America says

CNBC


A widely watched Bank of America survey shows high confidence in the economic and market outlook  with investors dumping cash to take part.

But the firm says the shift in sentiment should raise eyebrows of contrarians looking for signs …

February 16, 2021 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Column: Funds bought U.S. crude ahead of big freeze – John Kemp

Reuters


LONDON – Hedge funds purchased more petroleum last week, but buying was almost entirely concentrated in WTI, which suggests it was driven by the prospect of freezing weather temporarily hitting U.S. oil production.

Hedge funds and other money managers …

Source: CNBC

After oil hits 13-month high, energy analyst warns prices may be ‘too frothy’

CNBC


Oil climbed Friday, surpassing the high set earlier this week and notching a fresh 13-month peak.

West Texas Intermediate crude hit $59.74 a barrel on Friday, its highest level since January 2020, a promising sign as the industry …

Source: Reuters

Oil market rebalancing will soon set stage for more OPEC+ supply: IEA

Reuters


LONDON – Global oil supply still outstrips demand due to persistent COVID-19 lockdowns and the spread of variants, the International Energy Agency (IEA) said on Thursday, but vaccines should help demand recover and soon enable producers to pump more.…

Source: Reuters

Macquarie taps renewables trend with $2 billion infrastructure fund

Reuters


LONDON – Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany.

Countries and companies are seeking to increase …

Source: CNBC

JPMorgan’s Wall Street chief gives his call for the stock market, SPACs, fintech and CEO succession

CNBC


If anybody on Wall Street is due a victory lap, it’s Daniel Pinto.

The head of JPMorgan Chase’s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in …

February 9, 2021 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Wall Street turns positive on Exxon after a brutal year. But some experts warn it could get much worse

CNBC


U.S. oil giant Exxon Mobil endured a dreadful year by virtually every measure in 2020.

The Irving, Texas-based company reported four consecutive quarters of losses, incurred the biggest write-down in its modern history, laid off thousands of employees, saw

Source: Reuters

Tight oil market in first half could push crude to $65, says Goldman

Reuters


Oil prices could rise to $65 a barrel by July amid a tight oil market and slow rebound in demand, Goldman Sachs said.

The bank said in a note on Sunday data indicated a deficit of 2.3 million barrels …

Source: Bloomberg

Clean tech selling more stock than ever amid Biden climate push

msn.com


Publisher’s Note: EnerCom and Colorado School of Mines, present The Energy Venture Investment Summit on Wednesday, February 10th – Thursday, February 11th, 2021.  The featured presenters include companies within the air quality and methane monitoring, renewable
Source: Fox Business

Bond market watching for ongoing Fed reassurance on purchases

Fox Business


The U.S. bond market will be watching for ongoing reassurance from the U.S. Federal Reserve that it will maintain its bond purchases for the foreseeable future – or risk a disorderly rise in yields.

Yields spiked to 10-month …

January 27, 2021 - 2:20 pm Capital Markets, Closing Bell Story‎, Economy, Finance
Source: Reuters

European lenders exit Amazon oil trade after scrutiny by campaigners

Reuters


ZURICH/LONDON – Credit Suisse, Dutch lender ING and France’s BNP Paribas have decided to stop financing the trade in crude oil from Ecuador, the banks said on Monday, following pressure from campaigners aiming to protect the Amazon rainforest.

The …

Source: Reuters

European markets close sharply higher after Trump signs Covid relief bill into law

CNBC


LONDON — European markets rallied strongly at the start of the last trading week of 2020, as traders reacted to Brexit developments and President Donald Trump signing a $900 billion Covid-19 relief bill into law.

France’s CAC 40 rose …

December 28, 2020 - 3:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Investors believe the stock market could see headwinds under a Biden presidency

CNBC


Wall Street investors largely believe a Joe Biden presidency could mean lower stock-market returns, according to a new CNBC survey.

As a part of CNBC’s Quarterly Report, we polled more than 100 chief investment officers, portfolio managers and CNBC

December 28, 2020 - 2:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are rolled out

CNBC


Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed.

As head of the fourth-biggest U.S. bank by assets, Scharf has a unique view …

December 9, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance
Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Investors sell off and take profits from a historically strong November.  Major indices down overalls with tech stocks turning green rolling into the end of the session.

  • S&P 500: -0.63%
  • Nasdaq:  0.01%
  • Dow Jones: -1.30%

Market sentiment took a hit

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.

  • S&P 500: 0.25%
  • Nasdaq:  0..83%
Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat #167: 11/25/2020

 

Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data.  The 30-stock Dow slid 136 points,

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues

  • S&P 500: 1.63%
  • Nasdaq:  1.44%
  • Dow
Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Stocks up higher after yet another positive vaccine announcement, this time from AstraZeneca and Oxford.  The Dow Jones traded 218 points higher, or 0.5%. The S&P 500 gained 0.3%

  • S&P 500: 0.50%
  • Nasdaq: -0.06%
  • Dow Jones: -0.05%

On Monday, Goldman

Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Flat day for the markets as both bears and bull hold market in check with major indices holding flat for the day. On Thursday, over 180,000 confirmed cases of COVID-19 were recorded, bring the new 7-day average up over 160,000,

Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

More positive vaccine news, this time from Moderna, lift markets green and sending energy stocks soaring.  The Dow Jones Industrial Average added 356 points, or 1.2%, and reached an intraday record. The S&P 500 rose 0.8% and the Nasdaq Composite

Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Market sentiment back bullish as traders eye these new vaccines as a way to curb what are now rising COVID-19 in the US. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to

Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Stocks turn red amid rising COVID-19 cases, with Wednesday breaking a new record with over 140,000 confirmed cases. On the data front, initial weekly jobless claims fell last week to 709,000 from 757,000 in the prior week, the Labor Department

Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Tech stocks lead the way today as investor buy back shares of larger tech companies dragged down by the recent news of a coming vaccine.  Apple gained 3%. Netflix climbed 1.1%. Facebook and Amazon rose 1.1% and 3%, respectively. Alphabet