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Investing
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1.8KHedge funds turn bearish on oil as economy slows: Kemp
John Kemp – Reuters– By early last week, hedge funds had become the most bearish toward oil prices since the start of...
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Big Oil Is Selling Dirty Assets, But They Aren’t Going Away
By Kelly Gilblom – Bloomberg – When BP Plc announced its historic exit from Alaska, Chief Executive Officer Bob Dudley pointed to...
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Big Tech still pursuing oil industry deals despite pledges to slash emissions
By Associated Press – New York Post—Employee activism and outside pressure have pushed big tech companies like Amazon, Microsoft and Google into...
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Saudi stock market dives, crude futures to jump after drone attack on oil plants
PUBLISHED SUN, SEP 15 2019 Natasha Turak@NATASHATURAK – CNBC KEY POINTS Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as...
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Saudi Arabia is dramatically changing its oil exports to China and the US
Natasha Turak – CNBC – Saudi Arabia has seriously ramped up its oil exports to China in recent months. How dramatic is...
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Energy data firm Genscape sold to Verisk for $364m
Gregory Meyer – Financial Times – Genscape, a US company that helped lift the curtain on opaque energy markets, is being sold...
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Private US E&P operators finding innovative ways to lower costs: execs
Starr Spencer – SPGlobal – Houston – Private US exploration and production companies are typically smaller in resources and staff than their larger...
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Houston energy employees are about to miss out
Erin Douglas – Houston Chronicle: Texas’ energy sector is slowing down. Energy companies’ profits profits plunged last quarter, prices for crude are stuck in...
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Presidio Petroleum Completes Acquisition of Assets From Apache Corporation in Partnership With Morgan Stanley Energy Partners
Presidio Investment Holdings LLC (“Presidio Petroleum”, “Presidio”, or the “Company”) announced today that it has completed its acquisition of all the oil...
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How Trafigura Lost $254 Million On Oil, Gas Hedges
LONDON (Reuters) – One of the world’s biggest traders, Trafigura, booked a $254 million loss from oil and gas market hedges last year, highlighting the challenges traders...
