(Investing) – Oil prices will continue to remain volatile despite falling 10-15% after the much-awaited ceasefire deal between the U.S. and Iran on Tuesday, according to Barclays. “Oil prices are down 10-15% this morning following the two-week ceasefire in the Middle East, and we expect the oil equities to be under pressure in the short term,” analysts at Barclays said in
(Oil Price) – Investors may be underestimating the risk that renewables could become stranded assets, as grid constraints and congestion and supply chain hurdles limit the value that these assets could deliver, Barclays said in a recent white paper on “energy transition realism”. “The classic stranded-asset story focused on fossil fuels, but what we are now seeing is stranded-like outcomes also emerging for
Oil Price – Analysts at Barclays have downgraded the energy services sector on Wednesday, giving it a Neutral rating from Positive amid a bearish oil macro environment. The analysts have highlighted the absence of investor capital influx into the sector despite stable service and equipment markets and disciplined pricing, and see a potential risk for another cut to 2025 earnings. After
(Oil Price) – The oil market is bracing for a tough 2025, but Barclays believes the industry’s pessimism might be overdone. Brent crude hovered around $71 per barrel this week, raising chatter of a potential dip into the $50-$60 range next year. But Barclays’ analysts argue that the market’s fixation on oversupply could be cloaking the inevitable tightening of supply-demand dynamics.
Oil and Gas 360 DENVER, September 16, 2024 – BKV Corporation (“BKV”) today announced that it has launched the initial public offering of 15,000,000 shares of its common stock. The underwriters will have a 30-day option to purchase an additional 2,250,000 shares from BKV at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected
World Oil (Bloomberg) – The chief executive of Barclays Plc said it would be unrealistic for the bank to heed calls from climate extremists for the finance industry to abandon oil and gas clients. Banks “cannot go cold turkey” on the oil and gas industry, Barclays CEO CS Venkatakrishnan told Bloomberg’s Anna Edwards at the Bloomberg Sustainable Finance Forum in
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
Oil Price UK banking giant Barclays is looking to avoid claims of greenwashing with a new set of guidelines about what ‘transition finance’ is and how its new transition finance team should apply it. The bank, which has just published its ‘Barclays Transition Finance Framework’, says in the document that “As there is no universal consensus as to how to define “transition”
Oil Price Slower U.S. shale growth and persistent underproduction from several OPEC+ producers are set to tighten the oil market further in 2024, Barclays said on Wednesday, hiking its Brent price forecast for next year by $8 to $97 a barrel. “Slowing non-OPEC+ supply growth, driven primarily by the US, and persistent underproduction from several OPEC+ producers due
BOE Report Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in the second half of the year due to growing demand in China. The bank cut its average forecasts for the Brent and West Texas Intermediate (WTI) benchmarks
Investing Barclays said on Tuesday it remained “constructive” on oil prices, but cautioned that a worsening in global manufacturing activity could pose a downside risk to its current $98 per barrel Brent price forecast for 2023. “Given the challenging macroeconomic backdrop (we) highlight $15-25/barrel of downside to our forecast if the slump in global manufacturing activity worsens similar to
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 for 2022 and 2023, down from $111 a barrel—is now cutting its Brent forecast by $3 per barrel for 2022 and by
