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 […]
Tag: Reuters
Tortoise's James Mick in Reuters
Oil prices drop as trade war worries outweigh supply disruptions Oil prices fell sharply on Wednesday as China signaled it would play the rare earths card in its trade war with the United States, stoking concerns that an ongoing stand-off could hurt crude demand. Supply constraints linked to OPEC output cuts and political tensions in […]
Tortoise's Matt Sallee in Reuters
Bar rises for shale takeovers as Chevron bows out of Anadarko fight Chevron Chief Executive Michael Wirth’s decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will drive a new wave of consolidation in U.S. shale. Wirth last week ruled […]
Bryce Doty quoted in Reuters
TREASURIES-Yields fall on weak inflation data, shrug off GDP reading U.S. Treasury yields fell following Friday’s first-quarter growth report as weak inflation data tempered the strong headline figure. Gross domestic product increased at a 3.2% annualized rate in the first quarter, the Commerce Department said in its advance GDP report released on Friday, versus the […]
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, […]
Nancy Tengler in Reuters
Boeing shares cheaper, but are they a buy? NEW YORK (Reuters) – The fall in Boeing shares has made the stock’s valuation less expensive but that may not make it an obvious buy for investors. The planemaker’s shares have fallen 11 percent this week after a Ethiopian Airlines crash on Sunday that killed 157 people […]
Nancy Tengler Quoted in Reuters
Boeing shares, vanguard of the Dow, hit hard after second 737 MAX crash Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker’s best-selling line of jets after the second deadly crash of one of the planes in just five months. While the […]
Tortoise on OPEC
Tortoise Capital’s Thummel on top energy investment strategy – Tortoise Capital energy portfolio manager Rob Thummel talks with Bobbi Rebell about OPEC, oil inventories, and where he believes the best opportunities are in the sector.
Quad on Reuters
Fed will hike rates once in ’16 The anemic wage growth in the December jobs report suggests the Fed will move just once this year, says Quad Capital’s Peter Borish. Fred Katayama reports. View the video here.
Franklin Square visits Reuters
Michael Foreman, CEO of business development company Franklin Square, says that the senior secured loans he invests do better in a rising rate environment and expects returns