Capital Markets

Source: Reuters

Column-Oil prices retrench on massive hedge fund sales: Kemp

Reuters


LONDON – Portfolio managers sold petroleum last week at one of the fastest rates for a decade, after an upsurge in coronavirus cases and an OPEC+ agreement to boost output caused them to reassess the likelihood of further price …

Source: CNBC

JPMorgan gives Jamie Dimon a special stock option bonus to keep him as CEO for several more years

CNBC


JPMorgan Chase granted Jamie Dimon new stock options as a retention bonus to incentivize the chief executive officer to lead the banking giant for a few more years.

The 65-year-old Dimon was awarded 1.5 million stock appreciation rights, a …

July 21, 2021 - 2:30 pm Capital Markets, Closing Bell Story‎, Finance, People
Source: CNBC

Just a speed bump? Oil has taken a dive, but Goldman is still bullish

CNBC


A panic-induced sell-off in the oil market triggered by virus concerns has thrown the commodity’s upward march into question — but energy experts at Goldman Sachs don’t appear to be rattled.

Fears over the surging delta coronavirus variant and

Source: Reuters

Column: Lower oil prices prompt hedge fund short-covering

Reuters


LONDON – Faltering oil prices, triggered by concern over a third wave of the novel coronavirus and increased confidence OPEC+ would boost production, gave portfolio managers a chance to book profits on tactical short positions.

Hedge funds and other …

Source: Reuters

Column: Hedge funds took profits as U.S. oil price hit highest in more than six-years

Reuters


LONDON – Portfolio managers took profits on their bullish petroleum positions after OPEC+ failed to reach agreement on increasing production and U.S. oil prices hit their highest level since late 2014.

Hedge funds and other money managers cut their …

Source: Reuters

Oil turmoil reminds markets of inflation pain points

Reuters


LONDON – OPEC+ brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks’ transitory inflation narrative as well as the post-pandemic economic recovery.

Last year’s Saudi-Russian oil war showed that disputes …

Source: Reuters

U.S. SEC to consider new ‘sustainable’ fund criteria, data disclosure rules

Investing.com


WASHINGTON – U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said on Wednesday he has asked the regulator’s staff to consider rules that would require self-proclaimed “sustainable” fund managers to disclose the criteria and underlying data used to …

July 7, 2021 - 12:30 pm Capital Markets, Closing Bell Story‎, Finance, Regulatory
Source: Reuters

Global banks to launch voluntary carbon offset market platform

Reuters


LONDON – Four global banks will next month launch a pilot platform for buying and selling voluntary carbon credits, they said on Wednesday, the latest sign of growing interest from the financial community in the burgeoning carbon offset market.

Goldman sees crude oil output path uncertain as OPEC+ talks cease

Goldman sees crude oil output path uncertain as OPEC+ talks cease

Reuters


Goldman Sachs said on Tuesday the collapse of OPEC+’s oil output talks have introduced uncertainty into the group’s production path, while maintaining its view of $80 a barrel Brent price for this summer and gradual increase in output early …

Source: Reuters

U.S. stocks mixed, bonds yields ease as crude prices slip

Nasdaq


LONDON/NEW YORK  – U.S. stock prices were mixed in early Tuesday trading, as oil prices fell from near three-year highs reached after the world’s main crude producers failed to set production plans.

Wall Street made a slow restart after …

Source: CNBC

Credit Suisse CEO says sustainable investing no longer means lower returns

CNBC


The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic had “substantially accelerated the trend towards ESG and sustainability” and sought to highlight the investment opportunity within the overall space.

“The demand that we see — …

Source: Reuters

Analysis: Fast and furious first half of 2021 keeps financial markets at full throttle

Reuters


LONDON – After the unprecedented pandemic-driven swings in global financial markets last year 2021 was never going to be dull, and so it has proved.

Vaccine programmes and some of the biggest fiscal and central bank stimulus ever seen …

Source: Reuters

Saudi Aramco extends $10 bln loan on improved terms, sources say

Reuters


DUBAI – Saudi Arabian oil giant Aramco 2222.SE has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters.

Aramco has borrowed tens of billions of …

Underdog activist Engine No. 1 is launching an ETF after big Exxon win

Underdog activist Engine No. 1 is launching an ETF after big Exxon win

CNBC


Engine No. 1, the upstart activist firm that put three candidates on Exxon’s board of directors, is launching an exchange-traded fund in a bet that shareholder activism will take center stage in coming years.

The Engine No. 1 Transform …

Source: Reuters

Oil may hit $100 but volatility will also grow, say energy CEOs

Reuters


LONDON – Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday.

“There is quite a chance to …

Source: Reuters

Column: Oil bulls bet on restraint by OPEC+ and U.S. shale firms

Nasdaq


LONDON – Hedge funds have rarely been more bullish about the outlook for oil in the last three years, even as prices have climbed to levels that have induced a strong response from producers in the past.

Hedge funds …

Source: Reuters

Traders beef up U.S. renewable fuel teams as demand soars

Reuters


Commodity merchants and investment firms such as Citadel, Gunvor and Trafigura are bolstering U.S. teams that specialize in trading renewable fuels as demand soars, according to people familiar with the matter.

Many trading firms already have an established presence …

Source: Reuters

As demand accelerates, BofA expects oil to reach $100/bbl next year

Reuters


BofA Global Research raised its Brent crude price forecasts for this year and next, saying that tighter oil supply and demand balances in 2022 could push oil briefly to $100 per barrel.

“We believe that the robust global oil …

Source: CNBC

These are the world’s largest banks that are increasing and decreasing their fossil fuel financing

CNBC


The 60 largest commercial and investment banks have collectively financed $3.8 trillion in fossil fuel companies between 2016 and 2020, the five years since the Paris Agreement was signed, according to a report published in March from a collection …

Source: Forbes

Morgan Stanley chief to bankers: If you want NYC salary, you need to be in NYC

New York Post


Morgan Stanley’s top boss issued a stern warning to his staff Monday — come back to the office by Labor Day, or face a pay cut.

“Make no mistake about it. We do our work inside Morgan …

Source: CNBC

Bank of America’s Moynihan says the Fed can pull back on policy help

CNBC


Bank of America CEO Brian Moynihan encouraged the Federal Reserve to ease up on its ultra-easy monetary policy, saying Monday that the urgency for the pandemic-related response is abating.

Speaking a day before the central bank begins its June

June 14, 2021 - 2:00 pm Capital Markets, Closing Bell Story‎, Economy
Source: Reuters

Oil rally has more room to run, Brent expected to hit $80/bbl – Goldman

Reuters


U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity.

Brent prices …

Source: Reuters

Column: Oil output restraint draws hedge fund buying: Kemp

Reuters


LONDON- Portfolio managers increased their positions in petroleum last week, reversing roughly half the sales over the previous three weeks, as benchmark oil prices started to break up through the recent ceiling.

Hedge funds and other money managers purchased …

Source: Reuters

EXCLUSIVE Private equity bet on troubled Caribbean refinery blows up on retirement funds

Reuters


NEW YORK – U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery,

EnergyFunders launches $25 million yield fund offering

EnergyFunders launches $25 million yield fund offering

Oil and Gas 360


May 27th, 2021 (Houston, TX) EnergyFunders, a platform that provides individual investors direct access to institutional-grade oil and gas projects, has announced a new $25 million Yield Fund opportunity. This first of its kind
Source: Reuters

Big oil shareholders revolt over poor long-run returns: Kemp

Reuters


LONDON -Exxon Mobil’s shareholder revolt has been framed as a climate change issue, but it reflects broader dissatisfaction with the board’s strategy and failure to generate returns for shareholders in recent decades.

Many institutional investors are pressing the major …

EnergyFunders launches $25 million yield fund offering

EnergyFunders launches $25 million yield fund offering

Oil and Gas 360


May 27th, 2021 (Houston, TX) EnergyFunders, a platform that provides individual investors direct access to institutional-grade oil and gas projects, has announced a new $25 million Yield Fund opportunity. This first of its kind
Source: Reuters

Goldman sees oil hitting $80/bbl despite likely return of Iran supply

Reuters


Goldman Sachs said it expects oil prices to climb to $80 per barrel in the fourth quarter of this year, arguing that the market has underestimated a rebound in demand even with a possible resumption in Iranian supply.

“The …

Source: Reuters

Column: Oil prices lose momentum as funds cut positions

Reuters


LONDON  – Portfolio managers trimmed their bullish positions in petroleum last week for the second week running, after prices again failed to break through the recent ceiling around $70 per barrel.

Hedge funds and other money managers sold the …

Source: Reuters

Barclays says oil demand ‘healing’ even as COVID rages across Asia

Nasdaq


A gradual oil demand recovery is largely on track as economies re-open, British bank Barclays said on Friday, adding that it remained constructive on oil prices despite rising coronavirus cases across Asia and potential return of Iranian supplies.

It …