hedge funds – Page 3 – Oil & Gas 360

Column: Hedge fund positions in crude, gasoline start to look stretched

January 19, 2021

Reuters LONDON – Hedge funds boosted their bullish petroleum positions last week, focusing on crude and gasoline, betting on continued output restraint by OPEC+ and an early resumption in domestic business activity. But they sold middle distillates, likely reflecting concerns about a slower re-opening of international borders and return to aviation, even as coronavirus vaccines are rolled out (tmsnrt.rs/3qx4yyE). In

Exclusive: Hedge fund Citadel’s commodity investments up more than $1 billion this year – sources

December 10, 2020

Reuters NEW YORK – Hedge fund Citadel’s investments in commodities returned more than $1 billion this year, according to three people familiar with the matter, helping to drive strong overall performance for one of the world’s largest funds. Citadel, led by Chicago billionaire Ken Griffin, benefited from gains across the commodities business in oil, power, natural gas and agriculture markets

(John Kemp is a Reuters market analyst. The views expressed are his own)- oil and gas 360

Hedge funds dump oil, prompting OPEC to signal ‘tweak’: John Kemp

November 9, 2020

Reuters LONDON – Hedge funds dumped many of their remaining petroleum positions last week as the surging number of coronavirus cases and fresh lockdowns fuelled fears of a second recession in the United States and Europe. In response, Saudi Arabia’s oil minister has said the OPEC+ production agreement could be “tweaked”, implying the presently scheduled increase due to take effect

Funds sell oil on fears of virus-driven economic double dip: Kemp

November 2, 2020

Reuters (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds sold petroleum last week as the rising number of coronavirus cases in the United States and Europe fuelled fears of a double-dip recession hitting oil consumption. Hedge funds and other money managers sold the equivalent of 53 million barrels in the six

Column: Hedge funds see OPEC+ offsetting recession risk – Kemp

October 19, 2020

Reuters LONDON – Hedge funds are reducing their risk exposure to crude oil and refined products against a backdrop of increasing uncertainty over a resurgence in the coronavirus and potential double-dip recession. However, fears over the impact on oil consumption are offset by the growing likelihood that OPEC+ will postpone its output increase scheduled for the start of next

Hedge funds race to cover crude short positions: Kemp

September 28, 2020

Reuters LONDON – Hedge funds trimmed bearish positions in crude oil last week after Saudi Arabia threatened to punish short sellers and on signs that prices had found a floor after recent weakness. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important petroleum futures and options contracts in the week to

Hedge funds dump oil as outlook worsens: John Kemp

September 14, 2020

Reuters LONDON – Hedge funds sold crude oil and refined products at the fastest rate for more than two years in the first week of September, as the summer trading lull ended abruptly and bullishness towards oil evaporated. Hedge funds and other money managers sold the equivalent of 171 million barrels in the six most important petroleum futures and options

Column: Hedge fund buying switches from crude to fuels – Kemp

July 27, 2020

Reuters LONDON – Hedge funds continued buying oil last week, but the focus switched from crude to previously-neglected refined products, where cautious positioning and very low refinery margins may offer more upside potential. Hedge funds and other money managers purchased 28 million barrels in the six most important petroleum futures and options contracts in the week to July 21, adding

Hedge funds stick to the sidelines on oil: John Kemp

July 20, 2020

Reuters LONDON – Hedge fund position-taking in crude and products remains desultory as uncertainty about the future direction of prices and the course of the coronavirus pandemic compounds the normal summer-time trading slowdown. Hedge funds and other money managers purchased the equivalent of 24 million barrels of futures and options in the six most important oil futures and options contracts

Column: Hedge funds pause oil buying as rally stalls

July 13, 2020

Reuters LONDON – Hedge funds have stopped buying oil in recent weeks as the rally that carried prices higher during May and June has run out of momentum, amid concerns about the faltering economic recovery Hedge funds and other money managers sold the equivalent of 21 million barrels in the six most important petroleum futures and options contracts in

Column: Hedge funds lack conviction on oil outlook: Kemp

June 29, 2020

Reuters LONDON – Hedge funds increased their bullish positioning in oil last week, reversing a bearish move the week before, but the minimal changes serve to confirm the market’s lack of direction since the start of June. The equivalent of 26 million barrels were purchased by hedge funds and other money managers in the six most important futures and options

Column: Funds realise profits, anticipate pullback after oil rally

June 22, 2020

Reuters LONDON – Hedge funds started to realise some profits and anticipate a pull back in crude prices, especially in the United States, after a strong rally saw prices double in less than two months. Hedge funds and other money managers sold the equivalent of 16 million barrels in the six most important petroleum futures and options contracts in the

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