Page 24 - Markit Ltd News Today

As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones. They weren’t ordering their crews to drill for more oil. They weren’t game-planning a miraculous comeback in American crude production. They were securing hedges — locking in prices for the oil they plan to produce next year and protecting themselves against a potential market slump, people familiar with the trades said, aski...

Dennis Da Silvas Top Picks: July 6, 2021 U.S. stocks pare losses; Yields drop to February lows Ross Healys Top Picks: July 5, 2021 Telus, Enbridge greenium boosts sustainability-linked bonds Alex Ruus Top Picks: July 2, 2021 Were #28! TSX rides commodity rally to outpace Dow Industrials Colin Stewarts Top Picks: June 30, 2021 U.S. stock euphoria abates at end of big first half Bruce Campbells Top Picks: June 29, 2021 Lorne Steinbergs Top Picks: June 28, 2021 Wall Street and C-Suite grapple with...

Oil row flares as UAE rejects unjust OPEC+ output deal Ali Harissi Oil production The United Arab Emirates on Sunday criticised the current oil output deal among OPEC+ alliance members as unjust, escalating a row that could derail the energy markets post-pandemic recovery. The UAEs push to increase its production baseline is reported to have derailed last weeks meeting of the alliance of oil-producing countries, and also sets it against its ally Saudi Arabia. "The UAE demands t...

Article content (Bloomberg) — A high-stakes game of oil diplomacy pits Saudi Arabia against long-time ally Abu Dhabi. And the result of their fight will shape not just the price of oil for the next year, but the future of the global energy industry. The United Arab Emirates on Friday blocked an OPEC+ deal that cartel leaders Russia and Saudi Arabia hashed out to increase output, demanding better terms for itself. After two days of bitter negotiations, and with the UAE the only holdout, minist...

NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech...

Another batch of names has been added to the meme-stock frenzy as retail traders latched on to their latest favorites Wednesday. Prison operator GEO Group Inc. soared 60% and Clean Energy Fuels Corp. jumped 24% as of 2:32 p.m. in New York, supplanting names like ContextLogic Inc. and Clover Health Investments Corp. that had led the charge higher on Tuesday. In Europe, Air Berlin jumped 138% after surging 54% the day before. Meanwhile, shares of fast-food restaurant chain Wendy’s Inc. revers...

Prices are surging from China to Europe as demand for coal rebounds from a virus-induced hit, and temporary mine outages curtail supply. Yet companies remain hesitant to invest in new projects with financing difficult to come by and question marks over long-term demand. That’s a boon for miners’ bottom lines but goes against the grain of the typical commodity cycle, where high prices are a signal to increase production and eventually bring the market back into balance. The disruption to no...

Read more about Coal firms around the world arent setting up new mines, except Adani Group on Business Standard. Companies hesitant to invest in new projects as financing is difficult to come by and long-term demand is uncertain.

(Bloomberg) -- Paris and Frankfurt have their work cut out if they’re going to seriously challenge the City of London, according to an analysis by think tank New Financial, which found five times more international financial activity in the U.K. than France or Germany.“This report shows you would have to move a huge amount of activity from the U.K. before France, Germany or any other EU financial center is significantly closing that gap,” William Wright, New Financial&#x2019...

Author of the article: Ben Sharples Publishing date: Jun 06, 2021  •  2 hours ago  •  1 minute read  •  Article content (Bloomberg) — Oil in New York hit $70 a barrel for the first time since October 2018 as upbeat comments on the market from major trader Vitol Group added to optimism over the global demand recovery. Futures climbed as much as 0.6% during early trading on Monday after posting a second straight weekly gain. OPEC+ appears in control of...