Post Tagged with: "Bank of America"

Source: Reuters

BofA sees oil demand recovering, hikes crude forecasts

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 …

Source: CNBC

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

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 …

June 2, 2020 - 12:00 pm Closing Bell Story‎, Corporate Governance, Finance
Source: CNBC

Bank of America CEO Brian Moynihan says U.S. economy starting to ‘come out of the hole’

CNBC


The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC on Thursday.

Moynihan cited consumer spending figures from the millions of households using his lender’s credit and …

May 28, 2020 - 1:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Central banks are creating ‘fake markets,’ Bank of America strategists say

CNBC


Stocks have become detached from reality due to recent interventions from central banks into the bond markets, according to analysts at Bank of America.

In a research note Friday, the Bank of America Securities division highlighted the question …

Bank of America survey shows highest cash positions since 9/11 attacks, demand for end to buybacks

Bank of America survey shows highest cash positions since 9/11 attacks, demand for end to buybacks

CNBC


Professional investors are heading for the sidelines while demanding that companies stop using their cash to buy back stocks and instead improve their balance sheets.

The Bank of America Global Fund Manager survey for April reflects the large level …

April 14, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Finance
UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision and Financial Close for Calcasieu Pass LNG...

Source: Venture Global LNG

Venture Global Closes on Project Financing for Calcasieu Pass LNG

By Tyler Losier, Energy Reporter, Oil & Gas 360

Proceeds from Venture Global’s debt and equity financing will fully fund the construction and commissioning of its Calcasieu Pass LNG facility
Venture Global LNG Inc., headquartered in Arlington, Virginia, has closed

Oil Prices Could Crash by $30 if China Buys Iranian Crude: BofA

Oil Prices Could Crash by $30 if China Buys Iranian Crude: BofA

From CNBC


Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch.

“While we retain …

Whiting Petroleum Names New CFO

Whiting Petroleum Names New CFO

By Tyler Losier, Energy Reporter, Oil & Gas 360

Michael J. Stevens steps down as CFO, Correne S. Loeffler selected as replacement
Whiting Petroleum Corporation (stock ticker: WLL), a Denver-based independent E&P with an oil-focused asset base, has named Correne