Commodities
Energy News Beat: 1/21/2021
Tech stocks again reach all time highs as strong earnings from tech companies this week send markets to the bull side once again. S&P 500: 16% Nasdaq: 66% Dow Jones: 16% “We see the pace […]
Articles by Mariel Alumit
Exploration and Production
ExxonMobil in talks to sell UK North Sea assets to Norway investor HitecVision
London — ExxonMobil is in talks to sell its UK North Sea assets to Norwegian investor HitecVision, the companies said Jan. 21, after HitecVision was previously instrumental in ExxonMobil’s exit from Norway. In separate statements, the […]
Commodities
Overnight Oil Report 1/21/2021: API shows bearish build while traders eye more stimulus
Singapore — 0251 GMT: Crude oil futures ticked lower during the mid-morning trade in Asia Jan. 21, as data released by the American Petroleum Institute showed an unexpected build in US crude inventories, although the market […]
Exploration and Production
Extraction Oil and Gas emerges from bankruptcy, names new CEO and chairman
DBJ – Extraction Oil & Gas named a new CEO and revealed a new board of directors as it emerged from Chapter 11 bankruptcy Wednesday, completing six months of restructuring. Industry veteran Tom Tyree, who had […]
ENB Daily Standup
Energy News Beat 1/20/2021
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
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
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
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
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
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 […]