CNBC While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in 2019. This is particularly ironic, since U.S. oil and gas production has boomed over the same period, making the United
Reuters In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story. The aim of the complex financial maneuver, the company said, was
Forbes Markets responded positively to President Donald Trump’s January 8 address in the wake of Iranian rocket attacks against Iraqi bases housing US troops, with traders interpreting his overtures for peace and cooperation with the Islamic Republic as a sign of de-escalation. Shorty after the White House speech US stocks surged and oil prices retreated, calming the volatility that had roiled markets
Reuters NEW YORK – Investors are worrying that rising energy costs due to an escalating conflict between the United States and Iran that has caused a spike in oil prices will hurt U.S. corporate earnings. Oil prices briefly jumped to four-month highs overnight after Iran launched missiles at U.S.-led forces in Iraq, but retreated after signs that further military action
CNBC The biggest black swan event in the oil market is a disruption to the most critical chokepoint in the Middle East, according to an analyst from S&P Global Platts. “The market is extremely exposed to any disruption to vessel traffic in the Strait of Hormuz,” Dave Ernsberger, the firm’s global head of commodities pricing, told CNBC’s “Capital Connection” Thursday. The Strait of Hormuz is a
Oil and Gas 360 DALLAS – Energy Transfer Operating, L.P. (formerly, Energy Transfer Partners, L.P., and a subsidiary of Energy Transfer LP) (“ETO”) today announced that it has priced an underwritten public offering of $1.0 billion aggregate principal amount of its 2.900% senior notes due 2025, $1.5 billion aggregate principal amount of its 3.750% senior notes due 2030 and $2.0 billion
Enhanced Capital closes financing for 10.25 MWdc solar energy portfolio with Green Street Power Partners
360 Feed Wire The notes will be offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) HAMILTON, Bermuda, Jan. 7, 2020 /PRNewswire/ -Nabors Industries Ltd. (NYSE: NBR) (“Nabors”) today announced that it has priced $600 million in aggregate principal amount of senior guaranteed notes due 2026 (the “2026
Northwoods Energy LLC Announces Strong Production Results from Multiple Stacked Targets in the Powder River Basin in Wyoming
Edgewater Midstream Announces Initial Equity Commitment from EnCap Flatrock Midstream
Houston Chronicle A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc. Price risks for Brent, which has surged about 6% since the U.S. strike killed a top Iranian general, are skewed to the downside in the coming
Ara Partners Promotes Johanna Schmidtke to Managing Director
