Capital Markets

Source: CNBC

Larry Fink fears for the energy transition, warns of massive ‘market arbitrage’

CNBC


LONDON — Larry Fink, chair and CEO of BlackRock, says the so-called energy transition toward greener power has to be radically rethought and blasted oil firms for selling out to private companies.

Speaking at the Green Horizon Summit …

Source: Reuters

Energy topped the S&P 500 again in October. Here’s where the trade heads next

CNBC


Energy led the markets for another month.

The second-best S&P 500 performer, just behind consumer discretionary, rose 10% in October and added to a 52% gain for the year.

Industry heavyweights Chevron and Exxon both reported better-than-expected profits on

Source: Reuters

Column-Hedge funds put brakes on oil buying as economy concerns grow: Kemp

Reuters


(John Kemp is a Reuters market analyst. The views expressed are his own)

LONDON – Hedge funds remain bullish on the outlook for oil but inflows of new money have dried up over the last month as prices have …

Source: Reuters

Investors on board as U.S. oil majors dismiss wind and solar projects

BOE Report


Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and …

EnerCom and Colorado School of Mines to host The Energy Venture Investment Summit, February 16 – 17, 2022 on campus in Golden, Colorado

EnerCom and Colorado School of Mines to host The Energy Venture Investment Summit, February 16 – 17, 2022 on campus in Golden, Colorado

Oil and Gas 360


DENVEROct. 25, 2021 /PRNewswire/ — EnerCom, Inc., a nationally recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, will host the annual The Energy

Source: Reuters

Wall Street projects a “higher for longer” era for oil prices

World Oil


(Bloomberg) –Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been lifting their long-term price forecasts, often by $10 or …

Source: PR Newswire

Accretion Acquisition Corp. announces pricing of upsized $180,000,000 Initial Public Offering

PR Newswire


DENVEROct. 20, 2021 /PRNewswire/ — Accretion Acquisition Corp. (NASDAQ: ENERU) (the “Company”) announced the pricing of its upsized initial public offering of 18,000,000 units at $10.00 per unit.

 

The units will be listed on …

October 21, 2021 - 11:30 am Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Analysis: As oil prices skyrocket, fund managers hop on board for the ride

Nasdaq


NEW YORK, Oct 18  – A surge in oil prices is drawing fund managers back into shares of oil and gas companies, even as some remain unsure that the price gains will stick.

Energy stocks in the S&P 500 …

Source: World Oil

Shale drillers see more interest from banks as oil prices rally

World Oil


(Bloomberg) –Banks are gradually offering more credit to U.S. shale oil and natural gas producers as the industry recovers from last year’s contraction and energy prices rally.

So-called borrowing bases will increase as much as 20% during the …

Source: CNBC

Goldman Sachs says oil prices could be higher for much longer

CNBC


Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research.

Damien Courvalin, who is also a senior commodity strategist, said the market

Source: Reuters

Blackrock CEO says the world is on track to lose climate change fight

World Oil


(Bloomberg) –BlackRock Inc. Chief Executive Officer Larry Fink said emerging economies need about $1 trillion a year over the next three decades for the world to achieve carbon neutrality.

“Right now the emerging world is getting about $150 …

Source: CNBC

Market bull issues 10% correction warning, blames inflation fallout and Washington policy uncertainty

CNBC


Long-time market bull Phil Orlando is delivering a 10% correction warning.

 

Federated Hermes’ chief market strategist warns that uncertainty surrounding fiscal and monetary policies will prevent the market from breaking out of its recent rut.

“There could be …

September 28, 2021 - 2:00 pm Capital Markets, Closing Bell Story‎, Economy, Finance, Politics
Source: Reuters

Column-Oil prices climb with little help from hedge funds: Kemp

Reuters


LONDON – Prolonged disruption to oil production in the Gulf of Mexico and multiplying signs of a worldwide energy shortage have not been enough to encourage significant new petroleum buying from portfolio investors.

Hedge funds and other money managers …

Source: World Oil

Citigroup sees gas at $100/MMBtu, if winter is cold enough

World Oil


SINGAPORE (Bloomberg) –Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly …

Source: Fox Business

Citi blocked PDVSA attempt to pay Siemens, executive says at trial

Fox Business


NEW YORK – Citigroup Inc blocked an attempt by Venezuelan state oil company PDVSA to make debt payments to a Siemens unit, a Citi executive testified on Wednesday in a U.S. trial over whether PDVSA is liable for …

Source: Reuters

Investor group sets tough climate blueprint for Big Oil

Reuters


LONDON – Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.

The …

Source: Reuters

European banks termed ‘hypocrites’ for doing business with fossil fuels

World Oil


(Bloomberg) –Barclays Plc and Deutsche Bank AG are among 17 banks accused by climate law activists of “hypocrisy” over work related to a controversial North Sea oil field.

ClientEarth, a London-based group of lawyers that brings environmental cases, …

Source: World Oil

ADNOC to raise $750MM from drilling unit IPO

World Oil


ADNOC Drilling set the …

Source: Reuters

BofA could bring forward $100 oil target in event of cold winter

Reuters


Bank of America Global Research said it could bring forward its $100 per barrel oil price target to the next six months from mid-2022 if the winter is colder than usual, potentially driving a surge in demand and widening …

Source: Reuters

Exxon to begin certifying some shale gas emissions amid investor pressure

Reuters


HOUSTON- Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers.

The largest …

Source: Reuters

Chevron braces for activist challenge; meets Engine No.1 representatives- WSJ

Reuters


Chevron Corp is preparing to defend itself against a potential challenge from activist investors and met with representatives of the pro-environment fund at the center of similar events at Exxon earlier this year, the Wall Street Journal reported on

Source: Reuters

Australia’s Commonwealth Bank taken to court over oil and gas financing policies

Nasdaq


SYDNEY – A Commonwealth Bank CBA.AX investor has sued the lender, demanding to see internal documents on its decisions to finance fossil fuel projects to ensure it has complied with its own environmental framework.

Lawyers for retail investor Guy …

Source: Reuters

Column: Hedge fund oil selling runs its course: Kemp

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

Column-Hedge funds’ bullishness on oil ebbs away: Kemp

Reuters


LONDON – Hedge funds sold petroleum for the seventh time in nine weeks, as rising coronavirus infections in the major oil-consuming markets dampened hopes for an early resumption of long-haul passenger aviation.

Hedge funds and other money managers sold …

Source: Reuters

Oil prices steady as investors bet demand growth will outlast Delta variant

World Oil


SINGAPORE (Bloomberg) –Oil steadied after a two-day advance as investors bet the global demand recovery will remain intact despite the latest wave of Covid-19 that’s led to tighter restrictions on movement in many countries.

Futures in New York …

Source: Reuters

Analysis: Riding the oil price rebound: Gulf states to accelerate asset sales

Reuters


DUBAI – Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalising on a rebound in crude …

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 …