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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, asking not to be named because the information isn’t public. The hedges are just about the only thing ...

Dennis Da Silva's Top Picks: July 6, 2021 U.S. stocks pare losses; Yields drop to February lows Ross Healy's Top Picks: July 5, 2021 Telus, Enbridge greenium boosts sustainability-linked bonds Alex Ruus' Top Picks: July 2, 2021 We're #28! TSX rides commodity rally to outpace Dow Industrials Colin Stewart's Top Picks: June 30, 2021 U.S. stock euphoria abates at end of big first half Bruce Campbell's Top Picks: June 29, 2021 Lorne Steinberg's Top Picks: June 28, 2021 Wall Street and C-Suite grapple with a meme-stock new normal Haters everywhere in stock market after S&P 500's big first half Lar...

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 market's post-pandemic recovery. The UAE's push to increase its production baseline is reported to have derailed last week's meeting of the alliance of oil-producing countries, and also sets it against its ally Saudi Arabia. "The UAE demands to have justice in the new agreement after April, and it is our sovereign right to demand recipr...

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, ministers halted the discussions until Monday, leaving markets in limbo as oil continued its inflationary ...

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