Capital Markets

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 …

Source: CNBC

Morgan Stanley sets up potential successors to CEO James Gorman by naming new co-presidents

CNBC


Morgan Stanley CEO James Gorman promoted a quartet of executives on Thursday, setting up a race to succeed him atop one of Wall Street’s premier investment banks.

 

The firm named Ted Pick, 52, who runs the Wall Street …

May 20, 2021 - 3:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Out of tech, into energy: Trader predicts further market rotation after this chart signal

CNBC


The rotation out of technology may be facing yet another catalyst.

 

If energy’s outperformance persists, it could force more investors to rebalance their portfolio, leaving tech behind in favor of the former laggard, Miller Tabak’s Matt Maley told

Source: Reuters

Shell shareholders increase pressure for further climate action

Reuters


LONDON – Royal Dutch Shell shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change.

A non-binding resolution …

Source: Reuters

Column: Global crude oil bulls are running past China, India bears

Reuters


LAUNCESTON – Asia may be a late arrival to the impending crude oil party.

The oil market is largely convinced that a strong recovery in demand is imminent, based on the view that the world is recovering from the …

Source: Reuters

Britain’s pension fund USS invests 225 million euros in Spanish renewables

Reuters


MADRID  – British private pension fund Universities Superannuation Scheme (USS) said on Monday it has invested 225 million euros ($273 million) to take a 50% stake in Bruc Energy, which develops renewable energy projects in Spain and Portugal.

The …

Source: Reuters

Column: Oil prices capped by hedge fund profit-taking

Nasdaq


LONDON – Hedge funds cut their petroleum positions last week as oil prices neared the top of recent trading ranges and the cyberattack on the Colonial fuel pipeline looked set to cut crude processing and diesel output.

The previous …

Source: Reuters

Fidelity adds 4.1 million new clients in the first quarter of 2021

CNBC


Retail investors aren’t just flocking to Robinhood. Fidelity gathered millions of new clients – including millennials – during the first three months of the year.

Fidelity Investments added 4.1 million new accounts in the first quarter of 2021, up …

May 5, 2021 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Column: Fund oil buying resumes as global manufacturing surges – Kemp

Reuters


LONDON – Hedge funds boosted their position in petroleum for the third week running, confirming increasing confidence over rising prices for the rest of the year.

Though the increases were small, with money managers purchasing the equivalent of 30 …

Source: Reuters

Oil and gas investor EnCap raises $1.2 billion energy transition fund

Reuters


EnCap Investments said on Tuesday it has closed a $1.2 billion fund dedicated to investments in the burgeoning energy transition space, the first time the private-equity firm has raised money specifically for clean energy.

The Houston-based firm is a …

Source: Reuters

Energy lags in April. What two traders are watching in 2021’s top sector

CNBC


Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up …

Source: CNBC

There’s no hotter area on Wall Street than ESG with sustainability-focused funds nearing $2 trillion

CNBC


EDITOR’S NOTE:  In 2020, Wall Street asset funds promoting investments in “sustainability” are as hot as the Wham-O toy company’s Hula-Hoop, despite the SEC recently reporting that some ESG funds aren’t really Green, and according to Morningstar, when analyzed,

April 30, 2021 - 3:30 pm Capital Markets, Closing Bell Story‎, ESG, Finance
Source: Reuters

Column: Rangebound oil prices leave funds on sidelines – Kemp

Reuters


LONDON – Portfolio managers increased their exposure to petroleum slightly last week, focusing mainly on Brent, but positions remained rangebound as OPEC+ production discipline was offset by a new wave of coronavirus infections.

Hedge funds and other money managers …

Source: Reuters

Exxon retreated from oil trading in pandemic as rivals made fortunes

Reuters


NEW YORK/HOUSTON – Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar with …

Source: Fox Business

Stock investors dissect Biden’s capital gains tax hike proposal

Fox Business


Wall Street strategists are growing increasingly concerned that President Biden’s proposed tax hikes could put an end to the stock market’s record-setting run.

The benchmark S&P 500 has rallied 10% this year through Thursday, booking 23 record-high closes …

April 23, 2021 - 3:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Credit Suisse says this could be the beginning of a ‘multi-decade’ opportunity for clean energy

CNBC


It’s an “exciting” time for renewable energy firms because more policymakers around the world have committed to carbon emissions goals, according to Credit Suisse.

“I’m feeling fairly bullish on the current market conditions for energy transition beneficiaries,” said Phineas

Source: CNBC

When the bull market in stocks will end, according to S&P 500 history

CNBC


Bull markets don’t die of old age, as investors have been often reminded during this most recent one, but how long on average do they live?

Investors who consult the historical S&P 500 chart will find a technical answer …

April 19, 2021 - 3:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Column-Oil market calm leaves funds without direction: Kemp

Reuters


LONDON – Hedge funds resuming buying petroleum last week, with a focus on Brent, as confidence steadied following the wave of selling and sharp drop in prices a month ago.

Hedge funds and other money managers purchased the equivalent …