Capital Markets – Page 3

Citi sees oil prices supported by risk premium, capped by 2026 oversupply

June 18, 2025

(Investing) – Citi analysts said Wednesday that oil prices may continue to benefit from elevated geopolitical risk premiums in the near term, but they warned that oversupply risks in 2026 could limit further upside. In a new research note examining the offshore drilling sector, Citi outlines its base case assumptions and market outlook for dayrates and oil pricing fundamentals. “The Offshore

Banks boost fossil fuel financing for the first time since 2021

June 17, 2025

(Oil Price) – The world’s biggest banks raised their combined financing for fossil fuels by more than one-fifth last year, bucking a falling trend since 2021 amid a backlash against net-zero policies, especially in the United States. The world’s top 65 banks increased fossil fuel funding to $869 billion in 2024, up by $162 billion from 2023, according to the 16th

Macquarie forecasts 6.5 million barrel drop in US crude inventories

June 16, 2025

(Investing) – Macquarie is forecasting a 6.5 million barrel decrease in U.S. crude inventories for the week ending June 13, according to the firm’s energy strategist, Walt Chancellor. This projected decline follows a 3.6 million barrel draw in the previous week, when the crude balance was looser than Macquarie had anticipated despite strong refinery activity. The firm expects crude runs to moderate by

JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s

June 12, 2025

(Investing) – JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels. U.S. President Donald Trump said on Wednesday the United States was moving personnel out of the Middle East

BofA: The Saudis are readying for a long oil price war

June 11, 2025

(Oil Price) – Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom tries to claw back lost

From Interview to Insights: Eckard’s Words on Wealth series wraps up after twelve weeks of industry wisdom

June 10, 2025

(Oil & Gas 360) – June 10, 2025 – When Oil & Gas 360® first sat down with Troy Eckard, Founder and Chairman of Eckard Enterprises, for a candid Executive Interview, the result was a compelling story chock-full of insights from a successful oil and gas veteran. Troy’s passion for educating investors, his decades of experience, and Eckard Enterprises’ $110

bp takeover is a longshot due to size and complexity, bankers say

June 10, 2025

(World Oil) – The chances that a rival oil company will take over bp Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co. “We can’t identify anybody in the U.S. that would be a buyer,” Moelis Chairman and Global Head of Energy and Clean

Prairie Operating Co. Reaffirms $1 Billion Reserve Based Lending Facility with Citibank, N.A. Adds Bank of America, N.A. and West Texas National Bank to Syndicate

June 9, 2025

(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, N.A., its lead arranger.

BofA: Oil prices could jump on coming short covering

June 9, 2025

(Oil Price) – Trend-following commodity trading advisors (CTAs) could soon begin covering their significant short positions in oil, driving prices higher, according to Bank of America analysts cited by Investing.com. The sudden buying demand in the crude futures market has the potential to lead to a short-term rally in oil prices if CTAs rush to short covering. Last week, oil prices lodged another

Vermilion Energy exits U.S. market with $88 million asset sale

June 6, 2025

Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (World Oil) – Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S. assets for cash proceeds of ~$88 million ($120 million CAD). Proceeds from the transaction will go towards debt repayment to further accelerate deleveraging efforts and

Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal

June 6, 2025

(BOE Report) – CALGARY – A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP. Engine Capital owns 2.5 per cent of Parkland’s shares, making it one of the Calgary-based company’s biggest investors. In a letter to Parkland’s board of directors, Engine’s leadership argues the Sunoco deal

CanCambria Energy Corp. Announces Trading on the OTCQB Venture Market in the United States

June 5, 2025

(Oil & Gas 360) – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH)(“CanCambria” or the “Company”) is pleased to announce that its common shares commenced trading today on the OTCQB Venture Market (“OTCQB”) under the symbol “CCEYF”. The Company’s common shares continue to trade on the TSX Venture Exchange in Canada under the symbol “CCEC”. The OTCQB, operated by OTC Markets

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