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HomeAuthorsClark Savage

Articles by Clark Savage

Energy News Beat - Logo
ENB Daily Standup

Energy News Beat 1/20/2021

January 20, 2021 Clark Savage

Stocks rise as President Joe Biden sworn in as the 46th President of the US. The Dow Jones Industrial Average rose 240 points. The S&P 500 advanced 1.5% to an intraday all-time high.  The tech-heavy […]

Finance

Colgate Energy Partners III raise $300mm of new debt

January 20, 2021 Clark Savage

New York, January 19, 2021 — Moody’s Investors Service, (“Moody’s”) assigned first-time ratings to Colgate Energy Partners III, LLC (Colgate), including a B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating (PDR) and B3 […]

Crude Oil News

Overnight Oil Report 1/20/2021: US Government does best Orpah impression, drives CL higher

January 20, 2021 Clark Savage

ENB Publishers Note: Incoming US Treasury Sec. Janet Yellen signals more spending to prop up markets with drives traders to the bull-side on oil. Singapore — 0306 GMT: Crude oil futures rose in the mid-morning trade […]

Carbon Tax

Energy News Beat 1/19/2021

January 19, 2021 Clark Savage

Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, […]

Commodities

Overnight Oil Report 1/19/2020: US Stimulus hopes steady prices amid recently COVID-19 spikes

January 19, 2021 Clark Savage

ENB Publishers Note: Rangebound for crude oil prices as new US administration readies fresh stimulus. Remember traders…weaker dollar, better oil… Singapore — 0636 GMT: Crude oil futures were mixed during mid-afternoon trade in Asia Jan. 19, […]

Crude Oil News

Over-weekend Oil Report Day 1/18/2021: COVID back in China slumps CL prices

January 18, 2021 Clark Savage

ENB Publisher Note: OPEC cuts can’t keep new China virus markets spoof CL prices to open the weekend.  Remember, NYSE closed so no trading active on the equities side. Singapore — 0310 GMT: Crude oil futures […]

Crude Oil News

Energy News Beat 1/15/2021

January 15, 2021 Clark Savage

Buy the rumor, sell the news as markets fall flat with Biden proposed $1.9 trillion stimulus. The Dow Jones Industrial Average traded 89 points lower, or 0.3%. The S&P 500 dipped 0.4%, and the Nasdaq […]

Exxon - EnergyNewsBeat
Crude Oil News

Exxon Mobil under SEC investigation over Permian Basin Asset Valuation

January 15, 2021 Clark Savage

The Securities and Exchange Commission launched an investigation of Exxon Mobil Corp. XOM 3.90% after an employee filed a whistleblower complaint last fall alleging that the energy giant overvalued one of its most important oil and gas properties, according to […]

Commodities

Overnight Oil Report 1/15/2021: Do we see $54?

January 15, 2021 Clark Savage

ENB Publishers Note: Do we see $54? Two touches, but no continuation move through.  If we can get a bullish rig report, look out for a a break of that resistance line. New York — Crude […]

Bankruptcy

Energy News Beat 1/14/2021

January 14, 2021 Clark Savage

Mixed data out as traders weigh new stimulus versus jobless claims increase.  The Dow Jones Industrial Average gained 11 points, led by Boeing, Chevron and Intel, while the S&P 500 rose 0.2%. S&P 500: 16% […]

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