Friday, January 24, 2025
Column-Hedge funds’ bullishness on oil ebbs away: Kemp- oil and gas 360

Column-Hedge funds’ bullishness on oil ebbs away: Kemp

Reuters LONDON – Hedge funds sold petroleum for the seventh time in nine weeks, as rising coronavirus infections in the major oil-consuming markets dampened hopes for an early resumption of long-haul passenger aviation. Hedge funds and other money managers sold the equivalent of 40 million barrels in the six most important futures and options contracts in the week to Aug.

High-performing oil company stocks win buyers in an ESG-conscious world-oil and gas 360

High-performing oil company stocks win buyers in an ESG-conscious world

World Oil (Bloomberg) –Europe’s oil stocks may not be the most obvious picks in an ESG-conscious world, but some investors can’t get enough of them. They’re cheap, pay big dividends and have benefited from a recovery in oil prices. That’s an attractive combination for investors who are nervous that the broader market is overvalued after the relentless rally from the

Oil jumps 3% on weaker dollar after seven days of losses- oil and gas 360

Oil jumps 3% on weaker dollar after seven days of losses

Reuters LONDON -Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant. Brent crude climbed $2.15, or 3.2%, to $67.33 a barrel by 1052 GMT after touching its lowest since May 21 at $64.60. U.S. West Texas Intermediate (WTI)

U.S. energy firms launching employee COVID-19 vaccination mandates- oil and gas 360

U.S. energy firms launching employee COVID-19 vaccination mandates

Reuters U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and energy workers, according to health surveys, remain among those most reluctant to get inoculations. Calls to require vaccinations for employees who work closely together in oilfield and refinery operations come as the U.S. Food and Drug Administration on