Capital Markets

Source: Bloomberg

Saudi wealth fund weighs IPO of $5 billion driller

World Oil


(Bloomberg) — Saudi Arabia’s wealth fund is considering an initial public offering of oil and gas driller ADES International Holding by the first half of next year, as it accelerates efforts to raise billions of dollars for new …

Source: Reuters

Column: Oil investors set for supply fall to offset weak economy

Nasdaq


LONDON – Investors expect a planned U.S. and EU price cap to disrupt Russia’s crude exports by enough to offset the impact of an economic slowdown on oil consumption, boosting prices.

 

 

Hedge funds and other money managers …

Source: Reuters

COLUMN-Oil funds trapped between low inventories and slowing economy: Kemp

Nasdaq


LONDON – Portfolio investors’ oil positions are exhibiting significant week-to-week volatility as traders struggle to anticipate the net effect of an economic slowdown amid exceptionally low inventories of crude and diesel.

 

Hedge funds and other money managers purchased …

Promoting excellence over politics in corporate boardrooms: Strive launches campaign ahead of proxy voting season

Promoting excellence over politics in corporate boardrooms: Strive launches campaign ahead of proxy voting season

Oil and Gas 360


Strive identifies seven iconic American companies that risk prioritizing ESG over excellence. In early December, Strive will select a subset of these companies as its focus for next spring’s proxy voting season.

 

 …

Source: Oil Price

BlackRock raises $4.5 billion for climate fund amid fossil fuel criticism

Oil Price


BlackRock said it had raised $4.5bn (£3.97bn) for a new climate infrastructure fund today as it looks to ramp up investment in the net zero transition amid criticism of its decision to continue backing oil and gas firms.…

Source: Oil Price

Saudi wealth fund teases the sale of its $85-billion Aramco stake

Oil Price


The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, could soon have an announcement about a possible sale of part of its 4% stake in Saudi Aramco, which is currently worth around $85 billion, the governor of …

Source; Oil Price

Barclays cuts oil price forecast due to slower demand growth

Oil Price


Barclays lowered on Friday its Brent Crude price forecast for this year and next due to expected slowing growth in oil demand.

 

The UK bank—which slashed in August its Brent oil price forecast to $103 per barrel …

Source: Oil Price

Private investors are flocking into oil and gas

Oil Price


Over the past couple of years, Wall Street banks, E&P companies and investors have faced mounting pressure to disinvest in fossil fuels. Last year, BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with $10 trillion in …

Source: Reuters

BlackRock tells UK ‘no’ to halting investment in coal, oil and gas

Nasdaq


LONDON – BlackRock BLK.N, the world’s biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to “engineer a specific decarbonization outcome in …

Source: Reuters

OPEC+ cuts attract funds back to oil market: Kemp

Nasdaq


LONDON – Portfolio investors continued heavy buying of crude oil futures and options for a second week after OPEC+ cut its production target more than expected.

 

Hedge funds and other money managers purchased the equivalent of 47 million …

Source: Oil Price

U.S. shale’s debt detox is a huge win for shareholders

Oil Price


North America’s oil and gas producers have reduced their total debts by $26 billion since the end of 2019 as the shale industry made the structural shift from spending to grow production to increasing shareholder returns and strengthening …

Source: Oil Price

BlackRock is ready to invest In U.S. energy pipelines

Oil Price


The world’s biggest asset manager, BlackRock, is prepared to invest in energy pipelines in the United States as soon as such projects get the green light from the government, BlackRock’s chief executive Larry Fink said on Wednesday.

 …

October 13, 2022 - 2:30 pm Capital Markets, Crude Oil News, Energy News, Pipeline News
Source: Bloomberg

Canadian oil prices collapse despite having plenty of pipelines to move it

World Oil


(Bloomberg) — Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines.

 

Heavy Western Canadian Select’s discount to West Texas

Source: Fox Business

JP Morgan’s CEO urges U.S. oil and gas drillers to raise production

Oil Price


Jamie Dimon, the chief executive of JP Morgan, called on the U.S. oil industry to boost crude production to make up for OPEC+ cuts that could cause a severe shortage in the global oil market.

 

“In my …

Source: Reuters

OPEC+ cut draws hedge funds back into the oil market: Kemp

Nasdaq


LONDON- Portfolio investors were encouraged to return to the oil market early last week by the prospect of production cuts by OPEC and its allies, which offset some bearishness induced by the prospect of an imminent recession.

 

Hedge …

Source: Reuters

Republicans withdraw $1 billion from BlackRock due to its ESG policies

Oil Price


Multiple U.S. states governed by Republicans are withdrawing state funds from BlackRock’s management, as they disapprove of the ESG investment policies of the world’s top asset manager, the Financial Times reports.

 

In recent weeks, Louisiana, South …

Source: Reuters

Goldman Sachs boosts oil price predictions in bullish update

Oil Price


Goldman Sachs raised its 2022 price forecast for Brent crude from $99 to $104 per barrel. The increase was driven by the OPEC+ decision to reduce output by 2 million bpd.

 

Although the 2-million-barrel figure is nominal …

Source: Reuters

Morgan Stanley: Oil prices will hit $100 next quarter

Oil Price


Oil prices will rise again to $100 per barrel faster than previously estimated, Morgan Stanley said on Thursday, lifting its price forecast for the first quarter of 2023 to $100 from $95 per barrel.

 

“Brent will find …

Source: Oil Price

Oil analyst: Prices will climb over the next 9 months

Oil Price


There are asymmetrical upside drivers for oil prices by the end of the year, according to RBC Capital Markets, which is long oil with WTI call options for June 2023 at $120 a barrel.

 

The increased sanctions …

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Exclusive:  Eckard Enterprises at EnerCom Denver-The Energy Investment Conference®

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Eckard Enterprises, LLC (Eckard) is a family-owned and operated energy asset management firm, focused on the U.S. oil and gas industry.

 

Our managed

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MODERATED BY MOBIUS RISK GROUP, PANELISTS WILL DISCUSS THEIR COMMODITY PRICE OUTLOOK FOR AND ITS IMPACT ON DECISION MAKING FOR INDUSTRY PARTICIPANTS.

 
Source: Yahoo

Hammerhead plans rare U.S. listing of Canadian gas producer in over $1 billion SPAC deal

Yahoo


Hammerhead Resources Inc plans to list on the Nasdaq by merging with blank check company Decarbonization Plus Acquisition Corporation IV in a C$1.39 billion ($1.02 billion) deal, a rare U.S.-listing for a Canadian oil and gas producer.

The listing …

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LandGate is the leading provider of information, data solutions, and an online marketplace for US commercial land resources: solar, wind, carbon, oil & gas, minerals,

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Ring Energy, Inc. (NYSE American: REI) is a growth oriented independent oil and natural gas company headquartered in The Woodlands, Texas. It is focused on

Source: Reuters

Failing to invest in oil and gas would be the “Road to hell for America”

Oil Price


Cutting off investments in fossil fuels would be the road to hell for the United States. This is what JP Morgan’s chief executive Jamie Dimon said during a congressional hearing on a range of topics.

 

“Please answer …

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Battalion Oil is an independent energy company focused on the acquisition, production, exploration and development of liquids-rich assets in the Delaware Basin.

 


 
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W&T Offshore, Inc. is active in the acquisition, exploration and development of oil and natural gas properties in the Gulf of Mexico, the second-largest