RIYADH: Saudi Pro League club Al-Ittihad has reached a settlement with former striker Aleksandar Pesic, with the club set to schedule a payment plan of $2 million owed to the player, Arabic language sports daily Arriyadiyah has reported. The 28-year-old Serbian, who left the club in 2020, filed a formal complaint with FIFA calling for overdue fees to be paid. According to
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Luckily, shale driller Apache Corp. (NYSE:APA) is one of the few companies that have been reaping the rewards of a smart hedging strategy.
During its Q1 2021 earnings transcript, Apache revealed that prescient changes to its natural gas hedging strategy right before the February freeze hit Texas brought the company an unexpected windfall in the form of a first-quarter realized gain of $147 million.
Apache said that its marketing team
generally seeks to maintain a balance between first of month and gas daily pricing for its U.S. natural gas portfolio using a combination of physical and financial contracts.
Apache entered into financial contracts in late January that increased exposure to gas daily pricing and lowered exposure to first of month pricing for the month of February. In essence, the company increased exposure to the spot or cash market, helping it to nab $4-plus for its Permian natural gas after spot electricity and gas prices spiked in mid-February to reco
Oil Steadies Near $64 as Market Weighs Demand Against Inflation
May 14 2021, 7:51 AM
May 14 2021, 5:31 AM
May 14 2021, 7:51 AM
(Bloomberg) Oil steadied after dropping the most in more than a month on fears accelerating inflation could cause central banks to pull back from accommodative monetary policy.
(Bloomberg) Oil steadied after dropping the most in more than a month on fears accelerating inflation could cause central banks to pull back from accommodative monetary policy.
West Texas Intermediate traded near $64 a barrel after slumping 3.4% on Thursday, the most since April 5, amid a broad retreat in commodities that followed a pick-up in consumer-price gains. Prices have dropped 1.9% this week, despite a broadly positive assessment from the International Energy Agency that showed the global glut that built up last year has been cleared.