Capital Markets

Source: Reuters

Column: Hedge funds take oil profits as inflation fears intensify

Nasdaq


LONDON, Feb 14- A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of countermeasures from central banks.

Rapidly escalating prices for oil and other …

Source: Reuters

Exclusive: New York pension fund to divest half its shale companies

Finance Yahoo


BOSTON – New York’s state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources, saying they have …

Source: Reuters

Shell ends 2021 on high note, hikes dividend and boosts buybacks

Finance Yahoo


LONDON – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap …

Source: Reuters

JPMorgan sells shale driller it picked up following bankruptcy

World Oil


(Bloomberg) –JPMorgan Chase & Co. is selling Bighorn Permian Resources LLC, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy, to Earthstone Energy Inc. for $860 million.…

Source: Reuters

Shell begins trading under simpler, single-line share structure

US News


Shell began trading with a single line of shares on Monday after the British oil major confirmed the assimilation of its A and B shares over the weekend as part of plans to simplify its two-tier structure.

The

Source: Reuters

Column: Oil investors realise some profits as market looks stretched

Nasdaq


LONDON, Jan 31 – Portfolio investors took some profits last week after a blistering rally in oil prices since the start of December left the market looking increasingly overheated in the short term.

Hedge funds and other money managers …

Source: Reuters

Eni’s Var Energi plans IPO in bet on strong future for natural gas

World Oil


(Bloomberg) –Eni SpA’s Norwegian joint venture, Var Energi AS, will apply for an initial public offering in Oslo on a bet there’s still investor demand for shares in oil and gas companies in Europe.

 

The company is …

Source: Reuters

Column: Oil bulls encouraged by low inventories

Nasdaq


LONDON, Jan 24 – Portfolio investors added to their bullish positions in petroleum for the fifth week running as the worst of the latest wave of coronavirus infections passed and governments began to lift restrictions on business and travel.…

Source: Reuters

Morgan Stanley sees Brent crude at $100 by Q3

World Oil


(Bloomberg) –Add Morgan Stanley to the list of banks expecting crude to reach $100 a barrel later this year.

The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, …

Source: Reuters

Column: Looking beyond Omicron, oil investors focus on tight supply

Nasdaq


LONDON, Jan 17 – Portfolio managers purchased oil last week at the fastest rate for 14 months amid growing confidence that the latest wave of coronavirus infections will not have a significant effect on international aviation and oil consumption.…

Source: Reuters

Column: Oil bulls return as the threat from Omicron recedes

Nasdaq


LONDON, Jan 4- Portfolio investors have started to rebuild bullish positions in the oil market, reassessing earlier fears about the likely impact of the Omicron variant of coronavirus on major economies and passenger aviation in 2022.

Hedge funds and …

Source: Reuters

Shale drillers face record cost pressures as banks shun the sector

World Oil


Equipment, …

December 30, 2021 - 12:30 pm Capital Markets, Closing Bell Story‎, Energy News, Finance
Source: Reuters

U.S. natgas futures edge up on soaring global gas prices

Nasdaq


Dec 21 – U.S. natural gas futures edged up on Tuesday, shrugging off forecasts for milder weather and lower heating demand next week than previously expected, and focusing instead on a sharp rally in European gas futures that could …

Source: Reuters

Stocks slide, safe havens gain as Omicron worries weigh

Reuters


NEW YORK – Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with a hawkish turn from major central banks in the fight against inflation …

December 17, 2021 - 10:30 am Capital Markets, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Toronto index rises as mining, energy stocks gain

Nasdaq


Dec 16 – Canada’s main stock index rose on Thursday, extending gains to a second session, aided by strength in mining, energy stocks and an upbeat economic outlook from the U.S. Federal Reserve.

At 9:44 a.m. ET (14:44 GMT), …

Source: Reuters

Column: Low hedge fund oil positions create re-entry point

Nasdaq


LONDON, Dec 13 – Hedge fund selling of oil futures and options slowed in the most recent week, after a tidal wave of selling the week before, probably indicating the liquidation cycle is near its end.

Hedge funds and …

Source: Bloomberg

Pennsylvania nears approval of new methane rules for oil and gas wells

World Oil


(Bloomberg) –Pennsylvania is in the final stages of approving a new rule that would crack down on methane emissions from older oil and gas infrastructure, while exempting a vast number of low-producing wells.

The rule would be a …

Source: CNBC

Oil steadies near $75 as investors assess Omicron’s impact

CNBC


Oil prices steadied above $75 a barrel in choppy trade on Wednesday, taking a breather after strong gains earlier this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy and fuel demand.

Brent …

Source: Reuters

BlackRock, Saudi asset manager Hassana sign deal for Aramco’s gas pipelines

Reuters


Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.

Gulf oil producers are looking at sales of …

Source: Reuters

Price impact from oil reserves release unlikely to last long- JP Morgan

Nasdaq


Nov 24  – Any impact on oil prices from a release of crude from strategic petroleum reserves by the United States and other countries may not be sustained for long, JP Morgan Global Commodities Research said on Wednesday.

The …

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