Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States.
While a recent rally has been supported by faster-than-expected rebalancing of …
Pershing Square Capital Management founder Bill Ackman said that his new special purpose acquisition company is the “most investor friendly SPAC in the world.”
“What’s new in our structure is it’s the first SPAC where we’re taking no compensation: …
LONDON – Hedge fund position-taking in crude and products remains desultory as uncertainty about the future direction of prices and the course of the coronavirus pandemic compounds the normal summer-time trading slowdown.
Hedge funds and other money managers purchased …
In the aftermath of the coronavirus pandemic, stakeholder capitalism — or the idea that companies have a greater purpose besides just providing returns for shareholders — is set to become even more important, BlackRock CEO Larry Fink said Friday.…
DENVER, July 16, 2020 /PRNewswire/ — EnerCom, Inc. is pleased to announce that the 25th Anniversary of The Oil and Gas Conference® will include the Energy Innovation Capital Accelerator Session on Monday, August 17, 2020…
LONDON – Hedge funds have stopped buying oil in recent weeks as the rally that carried prices higher during May and June has run out of momentum, amid concerns about the faltering economic recovery
Hedge funds and other …
Warren Buffett has built his nearly half-a-trillion-dollar Berkshire Hathaway (NYSE: BRK.A)(N…
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The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead.
Earnings are expected to fall …
BOSTON – Most sustainable equity funds performed well during the second-quarter comeback rally of U.S. stocks, researcher Morningstar said in a report, gaining an edge on rival funds by owning companies with lower risk levels.
The results bolster …
U.S. equity markets rallied Friday after a study found an experimental treatment reduced death in COVID-19 patients.
The Dow Jones Industrial Average rose as many as 201 points, or 0.78 percent, while the S&P 500 added 0.38 …
LONDON – Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans.
Hydrogen has long-been touted as a potential …
Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter.
The net change in Q2 payouts, or the difference between increases and decreases, for all domestic common …
Goldman Sachs is warning that the presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
Goldman Sachs chief U.S. equity strategist David Kostin …
Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to …
Another Week Ahead in Energy from the duo at Oil and Gas 360!!
Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. Another Monday, Another 360 Digital Closing Bell! Michael Tanner and Stuart Turley cover
The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic.
The Fed said …
Bank of America (BofA) Global Research has lifted its oil price forecast for this year and next as demand recovers from coronavirus-linked shutdowns, the OPEC+ output cut deal curtails supply, and producers slash capital expenditure.
The bank now sees …
UBS raised its forecasts on Thursday for the price of Brent crude this year, citing expectations of an undersupplied oil market as demand starts to pick up on the back of a recovering global economy.
“Supply is being curbed …
Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel …
NGO Forum on ADB, a network of over 250 civil society organizations across Asia calls out the Asian Development Bank (ADB) to end its green posturing and make real commitments towards a Paris aligned policy and appropriate clean energy …
Oil and Gas 360 Publishers Note: Written By Michael Tanner – email: mtanner@enercominc.com
Capital expenditures were reduced by an additional $40m following 1Q results, Murphy Oil Corp. said in a presentation on its website.
Other items of note:
A historic drop occurred on April 20, when the price of West Texas Intermediate crude dropped by almost 300%, trading at around negative $37 per barrel.
The price of oil has steadily recovered, jumping by nearly 90% in May …
Another Week Ahead in Energy from the duo at Oil and Gas 360!!
Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. This episode has the duo talking verbiage, specifically recovery vs. rebound and
NEW YORK – The United States Oil Fund LP, the largest U.S. oil-focused exchange-traded product, stated on Friday in a regulatory filing www.sec.gov/ix?doc=/Archives/edgar/data/1327068/000117120020000430/i20391_uso-8k.htm that it has gained approval to resume offering new shares.
USO’s registration of 1 billion …
THE WOODLANDS, TEXAS (PRWEB) JUNE 12, 2020
AEGIS Energy Risk, the leading fintech and advisory solutions provider for commodity and rate hedging, was recently recognized as the 2020 Hedging Advisory Firm of the Year by Energy Risk Magazine. This …
CNBC
Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.”
Bank stocks have been hammered this week, giving …
Oil & Gas Publishers Note: Another great industry insight article from Kevin Olson at RarePetro.
Abstract
Financial markets attempted to buoy benchmark prices as oil and gas markets became volatile in Q1 2020. This created a disconnect in the …
