Oil Slump Deepens on ‘Shocking’ Jump in U.S. Fuel Stockpiles Swelling American inventories compound global recession fears WTI futures fall almost 6%; Brent crude hits 7-month low Oil plunged, re-entering bear-market territory, as a surprise increase in American crude stockpiles fueled worries about a growing glut amid an increasingly dismal economic view. Futures in New […]
Tag: Brian Kessens
Tortoise's Brian Kessens in Reuters
Oil rises on expectations of Fed rate cut, another U.S crude drawdown NEW YORK (Reuters) – Oil prices rose about 2% to a two-week high on Tuesday on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest […]
Tortoise's Brian Kessens in Bloomberg
Oil Fades as Flagging U.S. Fuel Demand Adds to Economic Angst Gasoline, distillate stockpiles grew almost 10 million barrels WTI falls for third day amid weak consumption data from EIA Americans burned through a lot less gasoline and diesel fuel than expected last week, feeding into investor angst over oil demand. Futures slid as much […]
Tortoise's Brian Kessens in Bloomberg
Oil Leaps as Stockpile Drop Adds to Iran Tensions, Gulf Storm American inventories fall to lowest in three months: EIA WTI climbs near $60 a barrel; Fed chair hints at rate cuts Oil climbed near $60 a barrel as a steep drop in U.S. crude inventories added to signs of a tightening market from the […]
Tortoise's Brian Kessens in Barron's
Oil in the U.S. Is Cheaper Than Overseas. That’s Bad News for U.S. Oil Producers Crude oil prices are forking. U.S. crude oil is priced at a near $10 discount to Brent, the international benchmark, the widest gap between the two since October of last year. That spread will create short-term winners and losers across […]
Reuters with Brian Kessens
Occidental CEO Vicki Hollub makes bold bid for rival shale producer With a $38 billion bid on Wednesday for rival oil producer Anadarko Petroleum Corp, Occidental Petroleum Corp CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off against Chevron Corp, a company four times Occidental’s size. Hollub, […]
Tortoise's Brian Kessens in Bloomberg
Oil Hits 2019 High on Biggest U.S. Crude Storage Drop Since July U.S. crude exports climbed to second highest since 1993 Dovish Fed lends support to risk appetite and bullish demand Oil closed at a new high for the year in New York after the biggest withdrawal of crude in U.S. storage tanks since July […]
Brian Kessens in Bloomberg
Oil Bulls Get Bolder as OPEC Cuts Lessen Odds of a Relapse Net-long bets on Brent crude rally rise most since August ‘Risks on the upside much more likely now’: portfolio manager Oil’s bulls are getting bolder. With production cuts orchestrated by OPEC taking hold and U.S. shale drillers promising to curb spending, hedge funds […]
Tortoise's Brian Kessens on Bloomberg Radio
Bloomberg Markets: OPEC to Extend Oil Cuts for Nine Months Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Brian A Kessens Managing Director/Portfolio Manager Tortoise Capital Advisors Discussing OPEC and its allies extending oil production cuts for nine more months after last year’s landmark agreement failed to eliminate the global oversupply or achieve a […]
Barron’s: Tortoise Wins the Race
Brian Kessens and his team at Tortoise MLP & Pipeline fund invest opportunistically in assets that span the energy-production cycle.
Tortoise Podcast in Barron's
A Pause in MLP ‘Negative Feedback Loop’ Read the article here.
Tortoise on North American Energy
Why invest in North American energy, and why now? North American energy revolution continues to help our economy and provide compelling investment opportunities By Brian Kessens As 2014 opens, the North American energy revolution continues to help our economy and provide compelling investment opportunities across the energy value chain. North American crude oil production topped […]