Capital Markets

Source: Reuters

$4.3 billion Continental takeover offer could trigger bidding war

World Oil


Hamm’s all-cash offer of $70 for each share he doesn’t already own represents an 8.5% premium to Monday’s closing price and will be evaluated by Continental’s board of directors, the company said in a statement Tuesday. The stock …

Source: Reuters

Brazil greenlights study of Petrobras privatization, analysts remain skeptical

US News


SAO PAULO – Brazil President Jair Bolsonaro’s government said it aims to include state oil company Petrobras in its privatization program on Thursday, despite analysts calling it a long-shot for the far-right leader seeking reelection.

Rather than triggering

Source: Reuters

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

Nasdaq


Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year.

Elliott Management, a hedge fund founded and co-led by billionaire Paul …

Source: Reuters

Aramco topping Apple shows oil is king in energy-short 2022

World Oil


(Bloomberg) — Saudi Aramco taking the crown of the world’s most valuable company from Apple Inc. underscores investors’ appetite for oil and gas as the countries around the globe battle rampant inflation and fear of energy shortages.

Buying …

Source: Reuters

EXCLUSIVE Dutch bank ING ends financing for new oil and gas projects

Reuters


LONDON – ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.

The move …

Source: Reuters

Column: Hedge funds cut oil positions as volatility surges

Nasdaq


LONDON, March 21 – Investors trimmed bullish petroleum positions for the second week amid elevated volatility, with prices oscillating between the twin threats posed by sanctions-driven supply disruptions and a demand-destroying recession.

Hedge funds and other money managers sold …

Source: World Oil

Hedge fund manager Pierre Andurand sees a path to $200 oil by end of the year

World Oil


Source: World Oil

Ukraine war threatens oil demand and investment, OPEC says

World Oil


(Bloomberg) — Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned.

International crude prices briefly hit a 13-year high of almost $140 a …

Source: Reuters

Shareholders at four U.S. oil companies to vote on climate proposals

US News


HOUSTON – Shareholders at four U.S. oil companies will vote in the coming quarter on proposals for the firms to meet emissions targets set out in Paris in 2015, said climate activist group Follow This.

The votes will

Source: CNBC

Goldman Sachs predicts what will happen to Europe’s economy if Putin shuts off the gas taps

CNBC


LONDON — Natural gas is one of several commodities caught in the crossfire of the conflict in Ukraine, and the European economy could take a hit if Russia halts its exports.

Supply-side risks arising from the war have …

Source: Reuters

Column: Hedge funds take oil profits as inflation fears intensify

Nasdaq


LONDON, Feb 14- A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of countermeasures from central banks.

Rapidly escalating prices for oil and other …

Source: Reuters

Exclusive: New York pension fund to divest half its shale companies

Finance Yahoo


BOSTON – New York’s state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources, saying they have …

Source: Reuters

Shell ends 2021 on high note, hikes dividend and boosts buybacks

Finance Yahoo


LONDON – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap …

Source: Reuters

JPMorgan sells shale driller it picked up following bankruptcy

World Oil


(Bloomberg) –JPMorgan Chase & Co. is selling Bighorn Permian Resources LLC, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy, to Earthstone Energy Inc. for $860 million.…

Source: Reuters

Shell begins trading under simpler, single-line share structure

US News


Shell began trading with a single line of shares on Monday after the British oil major confirmed the assimilation of its A and B shares over the weekend as part of plans to simplify its two-tier structure.

The

Source: Reuters

Column: Oil investors realise some profits as market looks stretched

Nasdaq


LONDON, Jan 31 – Portfolio investors took some profits last week after a blistering rally in oil prices since the start of December left the market looking increasingly overheated in the short term.

Hedge funds and other money managers …

Source: Reuters

Eni’s Var Energi plans IPO in bet on strong future for natural gas

World Oil


(Bloomberg) –Eni SpA’s Norwegian joint venture, Var Energi AS, will apply for an initial public offering in Oslo on a bet there’s still investor demand for shares in oil and gas companies in Europe.

 

The company is …

Source: Reuters

Column: Oil bulls encouraged by low inventories

Nasdaq


LONDON, Jan 24 – Portfolio investors added to their bullish positions in petroleum for the fifth week running as the worst of the latest wave of coronavirus infections passed and governments began to lift restrictions on business and travel.…

Source: Reuters

Morgan Stanley sees Brent crude at $100 by Q3

World Oil


(Bloomberg) –Add Morgan Stanley to the list of banks expecting crude to reach $100 a barrel later this year.

The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, …

Source: Reuters

Column: Looking beyond Omicron, oil investors focus on tight supply

Nasdaq


LONDON, Jan 17 – Portfolio managers purchased oil last week at the fastest rate for 14 months amid growing confidence that the latest wave of coronavirus infections will not have a significant effect on international aviation and oil consumption.…

Source: Reuters

Column: Oil bulls return as the threat from Omicron recedes

Nasdaq


LONDON, Jan 4- Portfolio investors have started to rebuild bullish positions in the oil market, reassessing earlier fears about the likely impact of the Omicron variant of coronavirus on major economies and passenger aviation in 2022.

Hedge funds and …

Source: Reuters

Shale drillers face record cost pressures as banks shun the sector

World Oil


Equipment, …

December 30, 2021 - 12:30 pm Capital Markets, Closing Bell Story‎, Energy News, Finance
Source: Reuters

U.S. natgas futures edge up on soaring global gas prices

Nasdaq


Dec 21 – U.S. natural gas futures edged up on Tuesday, shrugging off forecasts for milder weather and lower heating demand next week than previously expected, and focusing instead on a sharp rally in European gas futures that could …

Source: Reuters

Stocks slide, safe havens gain as Omicron worries weigh

Reuters


NEW YORK – Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with a hawkish turn from major central banks in the fight against inflation …

December 17, 2021 - 10:30 am Capital Markets, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Toronto index rises as mining, energy stocks gain

Nasdaq


Dec 16 – Canada’s main stock index rose on Thursday, extending gains to a second session, aided by strength in mining, energy stocks and an upbeat economic outlook from the U.S. Federal Reserve.

At 9:44 a.m. ET (14:44 GMT), …

Source: Reuters

Column: Low hedge fund oil positions create re-entry point

Nasdaq


LONDON, Dec 13 – Hedge fund selling of oil futures and options slowed in the most recent week, after a tidal wave of selling the week before, probably indicating the liquidation cycle is near its end.

Hedge funds and …

Source: Bloomberg

Pennsylvania nears approval of new methane rules for oil and gas wells

World Oil


(Bloomberg) –Pennsylvania is in the final stages of approving a new rule that would crack down on methane emissions from older oil and gas infrastructure, while exempting a vast number of low-producing wells.

The rule would be a …

Source: CNBC

Oil steadies near $75 as investors assess Omicron’s impact

CNBC


Oil prices steadied above $75 a barrel in choppy trade on Wednesday, taking a breather after strong gains earlier this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy and fuel demand.

Brent …

Source: Reuters

BlackRock, Saudi asset manager Hassana sign deal for Aramco’s gas pipelines

Reuters


Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.

Gulf oil producers are looking at sales of …

Source: Reuters

Price impact from oil reserves release unlikely to last long- JP Morgan

Nasdaq


Nov 24  – Any impact on oil prices from a release of crude from strategic petroleum reserves by the United States and other countries may not be sustained for long, JP Morgan Global Commodities Research said on Wednesday.

The …