Tag: Money
Big oil companies see more profits at $50 oil than $100 oil – Goldman Sachs
Big Oil focused on cutting costs, changing strategies when crude prices tanked With oil prices hovering around $50/barrel, big oil companies are currently generating more cash than they did back in 2014 when the price of crude was over $100/barrel, according to Goldman Sachs. “Simplification, standardization and deflation are repositioning the oil industry for better […]
Opinion: Hedge funds bet big on oil as OPEC gives them a free put option
Hedge funds’ bullish position in crude futures have not had much impact on oil prices By John Kemp LONDON, Feb 20 (Reuters) – Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. Hedge funds raised their combined […]
Singapore Exchange holds talks with Saudi Aramco on secondary listing-sources
Saudi Aramco looks to list on more than one exchange SINGAPORE, Feb 6 (Reuters) – Singapore Exchange has held talks with Saudi Aramco on a secondary listing, two sources familiar with the matter said on Monday, after the oil and gas company suggested last week it would likely simultaneously list on more than one exchange. […]
Oil prices rally to settle up $1 a barrel
Oil prices rise slightly in Wednesday trading By Jessica Resnick-Ault NEW YORK, Feb 1 (Reuters) – Crude futures rallied late Wednesday, jumping more than $1 a barrel after briefly trading lower on a bearish U.S. government report early in the day. Oil markets have been trapped in a range as traders wait to see whether OPEC […]
Shale revolution cuts commercial natural gas bills nearly 50% – report
Abundance of shale is expected keep pace, meaning commercial entities can rely on safe, secure and affordable natural gas By Jack Anderson, EnergyInDepth The American Gas Association (AGA) released a new report today highlighting the importance of natural gas to the commercial sector of the U.S. economy. And not surprisingly, the report finds that the […]
Oil prices up on stock market, but U.S. supply caps gains
Oil prices up 2 per cent By David Gaffen NEW YORK, Jan 26 (Reuters) – Oil prices jumped 2 percent on Thursday, boosted by the ongoing rally in the U.S. stock market, although gains in crude futures were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. U.S. light […]
Rosneft purchase leads $82 billion spree by sovereign investors in 2016
Rosneft stake purchased by Glencore, Qatar Investment Authority By Claire Milhench LONDON, Jan 5 (Reuters) – Qatar’s purchase of a stake in Russian oil company Rosneft last month crowned a year of mega-acquisitions by sovereign investors in 2016, with total deal value rising 22 per cent to $82 billion whilst the number of transactions held […]
Encana expects 2017 margins to top previous forecast
Encana dropping costs, increasing output Jan 4 (Reuters) – Canadian oil and natural gas producer Encana Corp said on Wednesday it expects its margins in 2017 to exceed its previous target on lower costs and an expected rise in output in the second half of this year. The company also said it expects production from its […]
Bonanza Creek, other U.S. energy firms announce Chapter 11 plans
Bonanza Creek, Memorial Production Partners, Forbes Energy Services each file for bankruptcy By Tracy Rucinski and Ahmed Farhatha Dec 23 (Reuters) – Bonanza Creek Energy Inc and two other energy firms announced on Friday plans to file for bankruptcy in coming weeks, joining a long list of U.S. energy companies that have succumbed to a […]
Icahn says EPA, bank regulations hamper U.S. economy -CNBC
Icahn says EPA, bank regulations hamper U.S. economy -CNBC WASHINGTON, Dec 22 (Reuters) – Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn, tapped by Trump on […]
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