barclays – Oil & Gas 360

BKV Corporation announces launch of Initial Public Offering

September 16, 2024

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

Banks can’ go “cold turkey” on oil and gas industry without energy security risks, Barclays CEO says

June 25, 2024

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

What the fresh march higher in oil means for world markets

April 17, 2024

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

Barclays looks to avoid greenwashing while financing the energy transition

February 12, 2024

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”

Barclays sees $97 Brent oil price in 2024 as market tightens

August 30, 2023

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

Barclays cuts 2023 oil price forecasts on resilient Russian output

March 8, 2023

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

Barclays sees $15-25/bbl downside to its oil view if slowdown worsens

January 10, 2023

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

Barclays cuts oil price forecast due to slower demand growth

October 21, 2022

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

Barclays sees crude surplus in near-term, cuts Brent price view

August 16, 2022

Nasdaq Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to “resilient” Russian supplies. The British bank now sees Brent crude averaging $103 this year and next, and U.S. West Texas Intermediate (WTI) to average $99 for both years.

Barclays lifts 2021 oil price outlook on tighter U.S. supply view

February 25, 2021

Reuters Barclays raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week’s cold storm in Texas. The bank increased its 2021 Brent crude oil price outlook by $7 to $62 per barrel and West Texas Intermediate (WTI) crude price estimate by $6 to $58

Barclays keeps 2021 oil price outlook, supported by vaccine boost

November 23, 2020

Reuters Barclays kept its “above consensus” 2021 oil price forecasts on Monday, predicting Brent at $53 a barrel based on output discipline by OPEC and its allies, and based on a potential COVID-19 vaccine boosting demand in the second half. Potential rollouts of high-efficacy vaccines in the short term would be a turning point for demand as it could lead

Barclays sees near-tem oil price correction if demand recovery slows

July 23, 2020

Reuters Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States. While a recent rally has been supported by faster-than-expected rebalancing of supply and demand as countries reopen their economies, producers cut production and the U.S. dollar weakens, “we are not there

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