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Home2023October

Month: October 2023

Exploration and Production

US energy M&A slows in Q3, but October’s mega deals to spark activity – Enverus

October 24, 2023 Mariel Alumit

Nasdaq Blockbuster takeovers by U.S. oil and gas majors Exxon and Chevron this month may spark further consolidation in the energy industry after a quieter third quarter for mergers and acquisitions in the sector, analytics […]

Crude Oil News

United States oil ETF is once again world’s largest oil fund

October 24, 2023 Mariel Alumit

Oil Price Thanks to steady inflows in recent weeks, United States Oil ETF (NYSEARCA: USO) is once again the biggest oil exchange-traded fund in the world in terms of total assets, topping WisdomTree Brent Crude […]

Big Oil Companies

Value gap between European, U.S. oil majors “stubbornly wide” amidst Exxon, Chevron megadeals

October 24, 2023 Mariel Alumit

World Oil (Bloomberg) – Europe’s oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking U.S. peers remains stubbornly wide. After companies such […]

California
Electric Vehicles

California hits pause on GM Cruise self-driving cars due to safety concerns

October 24, 2023 Mariel Alumit

News|Technology The United States state of California has suspended testing of Cruise self-driving cars developed by General Motors (GM), citing safety concerns after a series of accidents and mishaps. California’s Department of Motor Vehicles (DMV) […]

Geopolitical

What Biden’s ‘new world order’ really means

October 24, 2023 Mariel Alumit

Any new “unity” proposed by such an old-world-order creature as the current US president will have one purpose only: serve Washington We all have that one friend who can’t stop arranging things – whether it’s matchmaking, […]

Housing

Is The 6% Fee For Selling A House About To Get Trashed?

October 24, 2023 Mariel Alumit

Authored by Mike Shedlock via MishTalk.com, An antitrust lawsuit against the National Association of Realtors (NAR) is underway. I expect the NAR to lose. Antitrust Lawsuit Against the NAR The case, filed in Missouri is Burnett […]

BOJ
Zero Edge

The BOJ Pain Threshold Is Near, If Not Already Reached

October 24, 2023 Mariel Alumit

By Ven Ram, Bloomberg markets live reporter and strategist Shorter-dated volatility expressions in Japan’s currency markets may be underpricing the risk of sharp moves in the yen ahead of this month’s central bank review. For […]

Macron
Geopolitical

Macron Wants Anti-ISIS Coalition To Fight Hamas, But Presses Bibi For “Clarity About Endgame” 

October 24, 2023 Mariel Alumit

Update(1550ET): It’s never a good sign when the United States says it “doesn’t want war” – at a moment a long known geopolitical flashpoint region stands on the brink. Secretary of State Antony Blinken on Tuesday […]

Zero Edge

Solid 2Y Auction Prices On The Screws As Yield Drops For The First Time In 7 Months

October 24, 2023 Mariel Alumit

One day after the biggest intraday reversal in Treasury yields following bullish bond commentary by the two “Bills”, markets were closely watching today’s 2Y auction to see how the sharp drop in yields would impact […]

Climate Crisis

The IEA Reiterates Its Peak Oil Demand Prediction

October 24, 2023 Mariel Alumit

Authored by Irina Slav via OilPrice.com, In its latest World Energy Outlook, the International Energy Agency has reiterated its claim that crude oil, natural gas, and coal demand will peak before 2030. The agency sees […]

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