Bank of America – Oil & Gas 360

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

Bank of America predicts Brent crude to average $75/bbl in 2025

February 25, 2025

(BOE Report) – Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about 5 million barrels per day of OPEC spare production capacity. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, had cut

Banks remain financially committed to oil despite transition shift

May 17, 2024

Oil Price There is no large international bank without a net-zero plan. These plans invariably include curbs in lending to the oil and gas industry. Yet despite these plans. Most of the world’s top lenders continue doing business with the oil industry—and they’ve been doing more of it lately. The revelation comes from the 15th annual Banking on Climate Chaos report authored by

What the fresh march higher in oil means for world markets

April 17, 2024

Yahoo Finance LONDON – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates higher

Bank of America set to expand its energy transition business

March 11, 2024

Oil Price Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told Bloomberg. Banks in the United States and Europe are looking to boost exposure to trading products and financing projects that are deemed of key importance to the energy transition. Bank of

Bank of America: Dovish Fed will send oil back to $100

December 12, 2022

Oil Price The Bank of America has predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve and a “successful” economic reopening by China, Reuters reports. BofA has forecast that Brent prices–currently trading at $76.73–will average $100/bbl in 2023 thanks to Chinese oil demand recovery on a post-COVID reopening

Brent could push past $150 per barrel if Russian oil exports shrink, Bank of America says

May 27, 2022

BOE Report Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday. Oil prices surged after Russian’s Ukraine invasion, which Moscow calls a “special operation”, and are currently just below the $120 a barrel level. “With our $120/bbl Brent target

Oil prices may hit $100 this winter, spurring economic crisis, warns Bank of America

October 1, 2021

World Oil SINGAPORE (Bloomberg) –The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have already surged to almost double that level in oil equivalent terms, and BofA says a spike in demand for diesel could push

Bank of America’s Moynihan says the Fed can pull back on policy help

June 14, 2021

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 policy meeting, the head of the second-largest U.S. banks by assets told CNBC that inflation-related issues are top of mind for small

BofA sees oil demand recovering, hikes crude forecasts

June 22, 2020

Reuters Bank of America (BofA) Global Research has lifted its oil price forecast for this year and next as demand recovers from coronavirus-linked shutdowns, the OPEC+ output cut deal curtails supply, and producers slash capital expenditure. The bank now sees Brent crude oil averaging $43.70 per barrel in 2020, up from a previous estimate of $37. In 2021 and 2022,

GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge- oil and gas 360

Bank of America pledges $1 billion to assist economic and racial inequality intensified by pandemic

June 2, 2020

CNBC Bank of America announced Tuesday that it will commit $1 billion over four years to help local communities grapple with the widened economic and racial inequality caused by the Covid-19 outbreak. The bank said in a press release that the program will focus on “assisting people and communities of color that have experienced a greater impact from the health

Premium Content