Markets – Page 2 – Oil & Gas 360

Trade War Impasse Casts a ‘Dark Cloud’ Over Outlook for US Oil Shipments, Analysts Warn

August 19, 2019

From CNBC An escalating trade war between the world’s two largest economies is negatively impacting the outlook for U.S. crude shipments, energy analysts have warned, amid fears that China could soon dramatically reduce its intake of American oil. Trade tensions between Washington and Beijing prompted some external observers to warn the outlook for China-bound U.S. crude shipments was firmly skewed

Oil Soars Near 5% as U.S. Delays Tariffs on Some Chinese Goods

August 13, 2019

From Reuters Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months. The Chinese products include laptops and cellphones. The tariffs had been scheduled to start next

Saltstone Capital Pens Scathing Letter to Abraxas Petroleum

August 9, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Saltstone Capital Management calls for special committee of the board to review strategic alternatives Billy Bailey, founder and portfolio manager for Saltstone Capital Management LLC, penned a scathing letter to Abraxas Petroleum’s (stock ticker: AXAS) board of directors this week, calling for the creation of a special committee to explore strategic

Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

August 8, 2019

From Reuters Brazil’s Petroleo Brasileiro SA sold its entire oil hedge position amid a sharp fall in crude prices, the company said in a filing on Wednesday night, saying it has eliminated uncertainties regarding its cash flow thanks in part to divestments. Petrobras, as the state-run company is known, said in March it was spending $320 million on put options,

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

August 8, 2019

From Reuters Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions. Brent crude LCOc1 ended the session up $1.15, or 2.1%, at $57.38 a barrel, after hitting a session high of

Oil & Gas 360 The U.S. energy sector, while not entering a downturn, is facing an extended period of lower oil prices, lower profits and tighter spending, ultimately leading to slower growth, fewer companies and fewer jobs

2018: The World’s Largest Public Oil & Gas Companies

March 8, 2018

In this update to our 2016 rankings, the top two slots in the list still belong to the Russian giants, Exxon is still third, and PetroChina held onto fourth place – but Shell and BP flipped positions, changing the makeup of the world’s five largest oil companies With 2017 in the books, it is a good time to see where

No Stream Like Midstream

February 19, 2018

TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America TransCanada adds Canadian capacity TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the North Montney in British Columbia to and through Alberta to Saskatchewan and/or delivery access to the Canadian west coast for

Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

PLS Tracks $129.3 Billion in New Oil and Gas Capital in 2017

February 9, 2018

Capitalize, PLS Inc.’s proprietary comprehensive capital markets tracking platform, released a statistical review of the oil and gas industry’s capital markets activity for calendar year 2017. Key findings: $34 billion in equity raised through offerings in 2017, down 36% from 2016’s $53 billion Of 2017’s eight upstream equity offerings, six were SPACs Big names such as Hess, Antero and BP

Oil & Gas Stocks Prepare for Shift in Russell Indices Rebalancing Act

June 9, 2015

June 26 is renowned as one of the busiest trading days of the year, and Reuters believes as much as $40 billion in transactions will occur in its final trading hours. The culprit is the Russell Stock Index, an operator whom adjusts its indices just once a year. The process is a transparent, straightforward formula based on market capitalization, liquidity

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017 - Oil & Gas 360

Intervale Capital CEO on Fox Business News

October 8, 2014

Intervale Capital CEO Charles Cherrington appeared on Fox Business News’ Opening Bell with Maria Bartiromo to discuss the U.S. crude oil export ban, the global crude oil market, and why his company heavily invests in the OilService market. https://www.oilandgas360.com/wp-content/uploads/2014/10/IntervaleFoxBus100814.mp4 Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to

Premium Content