Capital Markets – Page 8

UAE eyes $50 billion investment blitz in Canada’s energy and AI sectors

November 21, 2025

(Oil Price)– The United Arab Emirates is ready to invest as much as $50 billion in Canada’s industries, notably energy and artificial intelligence, following a visit by Prime Minister Mark Carney in Abu Dhabi. Reuters reported the news, citing a statement by the Emirati authorities that did not feature any details on the investment agreement. Earlier reports, however, mentioned an investment

Oil edges higher on inventory draw and equities rally

November 20, 2025

(Investing)– Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude futures were up 43 cents, or 0.7%, at $63.94 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to $59.86. Both benchmarks rebounded

Global oil refining profits surge and may stay strong

November 18, 2025

(Investing)– Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, and some see little respite without more plants being built in the Western world. The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier

Goldman Sachs: oil prices to drop to $53 in 2026

November 18, 2025

(Oil Price)– Oil prices are set to further drop into next year from current levels amid a large surplus on the market, with the U.S. benchmark WTI Crude expected to average $53 per barrel in 2026, according to Goldman Sachs. Early on Tuesday, WTI Crude was trading just above $60 per barrel, at $60.09, up by 0.22% on the day. The investment

UBS expects Brent crude to be trading at this level at the end of 2025

November 17, 2025

(Investing) – Brent crude prices are anticipated to hover in the $60 per barrel to $70 per barrel range in the near term, as traders weigh the trajectory for Russian oil exports over the coming months, according to analysts at UBS. In a note, the analysts including Giovanni Staunovo predicted that Brent crude would end the year at $62/bbl and retained

Activist investor Kimmeridge takes stake in US energy producer Devon

November 14, 2025

(Investing) – NEW YORK -Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of September, the filing said. That would equate to an approximately 0.9% stake in Devon, according to Reuters calculations, and make

Frontera to create standalone upstream company through Colombian infrastructure spin-off

November 14, 2025

(World Oil) – Frontera Energy Corp. plans to separate its Colombian infrastructure assets into a new independent company—Frontera Infrastructure—leaving Frontera Exploration & Production (E&P) as a focused, pure-play upstream operator. The restructuring, announced Nov. 13, is designed to unlock value from Frontera’s portfolio and sharpen the company’s competitive position in the oil and gas sector. The transaction is expected to close

ADNOC’s $13.9 billion Covestro acquisition secures conditional EU approval

November 14, 2025

(World Oil) – Abu Dhabi National Oil Co. won conditional European Union approval for its €12 billion ($13.9 billion) takeover of Covestro AG after it dealt with EU concerns that its state subsidies could stifle competition. The European Commission said Friday that an offer from ADNOC to maintain Covestro’s intellectual property in Europe as well as concessions on the company’s unlimited state guarantee from the UAE settled its earlier

Why big oil is still gushing profits despite low oil prices

November 13, 2025

(Oil Price) – Oil markets have been volatile over the past couple of weeks, driven by a series of geopolitical developments including new U.S. sanctions on Russian energy, coupled with a fragile cease-fire in Gaza. Oil prices remain well below recent highs, with both Brent and WTI crude trading ~$15/bbl below their 52-week peak. Weak oil prices have taken a toll on

Repsol’s $19 billion upstream arm could merge with APA in bid to accelerate U.S. listing

November 13, 2025

(World Oil) – Repsol SA is considering a reverse merger of its upstream unit with potential partners including U.S. energy producer APA Corp., people with knowledge of the matter said, as it seeks ways to list the business in New York. The Spanish oil and gas company has held exploratory discussions with APA, formerly known as Apache Corp., about the

MEG takeover saga draws to close as Cenovus completes purchase

November 13, 2025

(BOE Report) – CALGARY – Oilsands giant Cenovus Energy Inc. has completed its takeover of MEG Energy Corp. The two companies had neighbouring properties in the oilsands at Christina Lake, south of Fort McMurray, Alta. With the purchase, Cenovus gets another 110,000 barrels a day of production from what had been MEG’s flagship operation. The deal was worth more than $8.6 billion in cash,

Governments race to secure Lukoil assets as U.S. sanctions deadline nears

November 12, 2025

(World Oil) – Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the U.S. Treasury sanctioned the company and then quashed a key bid for its assets last week. Russia’s second-largest oil company runs a vast international operation that includes oil fields, refineries and filling

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