hedge funds – Oil & Gas 360

Currie claims fears of an oil market glut are “Completely Overplayed”

September 10, 2024

Oil Price Oil market participants are “dramatically overestimating” a supply glut, as Chinese demand is not as doom-and-gloom as headline figures suggest and U.S. crude oil production is basically flat this year, Jeff Currie, chief strategy officer of energy pathways at Carlyle, said on Tuesday. Fears of a major oil glut are “completely overplayed,” Currie told the Asia Pacific Petroleum

OPEC⁺ surprise triggered record hedge fund oil sales: Kemp

June 10, 2024

BOE Report Portfolio investors sold record volumes of petroleum last week after OPEC⁺ surprised the market by announcing plans to increase production starting from the fourth quarter of 2024. Hedge funds and other money managers sold the equivalent of 194 million barrels in the six most important futures and options contracts over the seven days ending on June 4. Fund

Hedge funds bet on Chevron amidst ExxonMobil’s claim to Hess’ stake in prolific oil field offshore Guyana

March 6, 2024

World Oil (Bloomberg) – Hedge fund managers that wagered billions on Chevron Corp.’s October deal to buy Hess Corp. are sticking to their bets despite another roadblock that could potentially torpedo the acquisition. Exxon Mobil Corp. said last week it has the first right to purchase Hess’s stake in a lucrative offshore oil development they jointly own off the coast of

COLUMN-Extreme pessimism gripped hedge funds on oil: Kemp

July 3, 2023

Nasdaq LONDON – Portfolio investors have become exceptionally bearish about crude oil as global economic growth slows and production cuts from Saudi Arabia and its OPEC⁺ allies have failed to lift prices. Hedge funds and other money managers sold the equivalent of 64 million barrels in the six most important petroleum-related futures and options contracts in the seven days ending

Column: Hedge fund petroleum buying paused over year end

January 9, 2023

Nasdaq LONDON – Rallying oil prices ran out of steam just before the end of the year as investors turned cautious after two weeks of heavy petroleum buying. Hedge funds and other money managers sold the equivalent of 12 million barrels in the six most important petroleum-related futures and options contracts over the seven days ending Jan. 3. Light

OPEC+ cut draws hedge funds back into the oil market: Kemp

October 11, 2022

Nasdaq LONDON- Portfolio investors were encouraged to return to the oil market early last week by the prospect of production cuts by OPEC and its allies, which offset some bearishness induced by the prospect of an imminent recession. Hedge funds and other money managers purchased the equivalent of 62 million barrels in the six most important petroleum futures and

Column: Bargain-hunting hedge funds boost oil positions

July 25, 2022

Nasdaq LONDON – Portfolio investors purchased oil futures and options for the second week running as at least some fund managers concluded that expectations of a recession and a recent sell-off were overdone. Hedge funds and other money managers purchased the equivalent of 31 million barrels in the six most important petroleum futures and options contracts in the week ending

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

May 25, 2022

Nasdaq Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year. Elliott Management, a hedge fund founded and co-led by billionaire Paul Singer and best known for its activist investing, wrote to the bankers in January inviting them to pitch opportunities to acquire U.S. oil

Column: Hedge funds cut oil positions as volatility surges

March 21, 2022

Nasdaq LONDON, March 21 – Investors trimmed bullish petroleum positions for the second week amid elevated volatility, with prices oscillating between the twin threats posed by sanctions-driven supply disruptions and a demand-destroying recession. Hedge funds and other money managers sold the equivalent of 36 million barrels in the six most important petroleum-related futures and options contracts in the week to

Column: Hedge funds take oil profits as inflation fears intensify

February 14, 2022

Nasdaq LONDON, Feb 14- A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of countermeasures from central banks. Rapidly escalating prices for oil and other commodities have become a central problem for macroeconomic policymakers in advanced economies. Unless inflation in oil and other commodities starts

Column-Hedge funds put brakes on oil buying as economy concerns grow: Kemp

November 1, 2021

Reuters (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds remain bullish on the outlook for oil but inflows of new money have dried up over the last month as prices have hit multi-year highs and global inflation concerns have grown. In the six most important petroleum-related futures and options contracts, hedge

Column-Hedge funds flock to oil as energy shortages worsen: Kemp

October 4, 2021

Reuters LONDON – Rising oil prices and the spreading global shortage of coal, gas and electricity have drawn fresh buying interest from hedge funds and other money managers in oil-related derivatives contracts. Portfolio managers purchased the equivalent of 42 million barrels in the six most important petroleum futures and options contracts in the week to Sept. 28, according to records

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