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Historic oil glut amassed during pandemic almost gone

Historic oil glut amassed during pandemic almost gone The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers. by Bloomberg © Photographer: Daniel Acker/Bloom Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you ...
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Eerie Equity Calm Puts Wall Street on High Alert for Next Spark

Eerie Equity Calm Puts Wall Street on High Alert for Next Spark Bloomberg 21 hrs ago Katie Greifeld and Lu Wang (Bloomberg) -- The quietest week in stocks so far in 2021 has Wall Street wondering what will break the calm. Popular Searches Equity trading volume plunged as the S&P 500 marched to an all-time high, with the five-day average across U.S. exchanges dropping to 9.5 billion shares traded -- the lowest since October, according to Bloomberg data. Friday was particularly ...
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Source: msn.com

OPEC+ Agrees to Gradually Boost Oil Output in Coming Months

OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike Bloomberg 4/1/2021 Salma El Wardany, Javier Blas, Dina Khrennikova and Grant Smith (Bloomberg) -- OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months. Popular Searches Before Thursday’s meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month...
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Source: msn.com

IHS Markit to Launch Global Carbon Credit Meta-Registry

IHS Markit to Launch Global Carbon Credit Meta-Registry Meta-Registry Advisory Board to provide governance and best practice advice IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced its intention to launch the first global meta-registry aimed at providing transparency and efficient tracking, accounting and trade lifecycle management of carbon credits. As part of this launch, the Carbon Meta-Registry Advisory Board has been formed with lead...
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Cathie Wood is having the worst run in a year as big bets falter

Brian Maddens Top Picks: April 5, 2021 Stocks climb to record after strong economic data Goldman axes short dollar call as U.S. yields spoil bet As meme stock mania fizzles, Wall Street sees ‘big reckoning’ S&P 500 breaks above 4,000 as bull market barrels on Barry Schwartzs Top Picks: April 1, 2021 Miley Cyruss offer shows how stocks are now cool A traditional Wall Street advantage is suddenly being threatened S&P 500 surges past record 4,000 on growth outlook Killing off Libor gets ...
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S&P Global's Special Meeting of Shareholders to be held on March 11

S&P Globals Special Meeting of Shareholders to be held on March 11 Accessible Online at 10:00 a.m. ET on March 11 No Physical Meeting Location Share this article Share this article NEW YORK, March 8, 2021 /PRNewswire/ -- S&P Global (NYSE: SPGI) will hold a virtual Special Meeting of Shareholders at 10:00 a.m. ET on March 11, 2021 in connection with its proposed merger with IHS Markit. Due to gathering restrictions from ongoing public health concerns, there will be no in-person meeting. Shareh...
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OPEC+ Is Set to Cool Down Oil Market With Extra Production

OPEC+ Is Poised to Cool Oil Market With Extra Production Bloomberg 3/3/2021 Javier Blas, Grant Smith and Salma El Wardany © Bloomberg Oil pumping jacks, also known as "nodding donkeys", operate in an oilfield near Almetyevsk, Tatarstan, Russia. (Bloomberg) -- OPEC+ is poised to agree a production increase this week as it seeks to cool a rapid rally in crude prices. Popular Searches There’s a widespread view within the group that the market can absorb additional barrels, a...
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Source: msn.com

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