Oil Prices Near Five-Month High As U.S. Gasoline Stockpiles Tumble Crude oil prices held near a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories. Futures in New York rose as much as 0.9% on Wednesday, while gasoline futures jumped as much as […]
Tag: Tortoise
Tortoise's Nick Holmes quoted in Bloomberg
Crude Oil Market Rallies on Fading Fears of a Glut Wagers on rising U.S. crude price reach highest since October Positive sentiment may be close to peak: U.S. Bank’s Haworth The oil market has all but forgotten last year’s price crash. Money managers haven’t been this optimistic about U.S. oil prices since early October, just […]
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 […]
Tortoise's Matt Salle Quoted in Bloomberg
Oil Rises as Saudi, Venezuela Supply Cuts Eclipse Boom in U.S. Oil climbed for a second day as dwindling shipments from two of the world’s biggest crude exporters eclipsed another big jump in U.S. supplies. Futures in New York closed up 1.5 percent, reaching the highest point in a week. The rally came as the […]
Tortoise's Rob Thummel in Wall Street Journal
Battered Oil Investors Dive Back Into Crude Signs suggest heavyweight producers from OPEC are cutting output and the breakneck expansion in U.S. shale drilling is slowing down Oil investors, their wounds still fresh from last year’s sharp selloff, are again growing bullish on crude. Supporting the confidence of hedge funds and other money managers: signs […]
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 Nick Holmes in Bloomberg
Oil Gains as Russia, Saudis Signal Commitment to Production Cuts Minister says Russia will hit OPEC+ output target by April Crude shrugs off bearish U.S. data to rally late in session Oil closed higher for the second straight day as Russia and Saudi Arabia signaled they’re on track with production cuts designed to avoid a […]
Rob Thummel in S&P Global
Producers weigh DUC production at $50/b oil Highlights Market mixed if higher or lower price needed Platts: $50/b oil enough to bring production DUC decisions also hinge on takeaway ability Houston — The volume of drilled but unproduced wells continues to build across the US to record levels, but market sentiment is mixed on whether […]
Tortoise's Rob Thummel quoted in The Wall Street Journal
Fears Loomed Large in Oil’s Worst Quarter Since 2014 The U.S. crude benchmark finished the year 25% lower after a slump that shaved $30 off oil prices The oil market is engulfed by fears of a global growth slowdown, as worries grow that falling demand and robust output from major producers will lead to a […]
Tortoise's Rob Thummel on Fox Business
Oil prices will go up from here: Tortoise portfolio manager – Tortoise portfolio manager Rob Thummel on the recent slide in oil prices and why he expects oil to make a comeback.
Tortoise's Graham Allen discusses Brexit on InvestmentEurope
Tortoise podcast: May, the condemned prisoner Tortoise senior portfolio manager Graham Allen has likened UK prime minister Theresa May to a “condemned prisoner choosing their method of execution” in his latest podcast outlining the options now facing the country on the matter of Brexit. Click here to listen to the podcast.
Tortoise's Robert thummel on NBR
Nightly Business Report – Tonight on Nightly Business Report, oil prices fall for the 10th straight day, sparking concerns of a global economic slowdown. Plus, one of the country’s most expensive houses is up for auction.
Robert Thummel from Tortoise in Barron's
Oil Market Bet: Iran Sanctions Won’t Boost Prices The oil market has had nearly six months to assess the possible effect of U.S. sanctions on Iranian oil exports. Surprisingly, the prospect of significantly tighter global supplies has resulted in lower prices. President Donald Trump announced on May 8 that he would end the participation of […]
Tortoise’s Rob Thummel on CNBC
Analyst: Oil demand accelerates in the second half of the year – Rob Thummel, managing director and portfolio manager at Tortoise Capital Advisors, discusses the oil market.
Tortoise's Matt Sallee in Bloomberg TV Asia
We Need Additional Oil Supply Out of OPEC, Says Tortoise’s Sallee – Matt Sallee, senior managing director at Tortoise, discusses the OPEC supply boost and his outlook for production. He speaks on “Bloomberg Daybreak: Asia.”
Tortoise's Michelle Kelly in Mutual Fund Wire
Where One $20B Asset Manager Sees Strategic Opps When it comes to strategic opportunities, the team at one private-equity-backed Midwestern asset manager is open to M&A, alliances, and internal product development. For their due diligence on potential allies or targets, one factor rises above the rest. “First and foremost, culture is very important to Tortoise […]
Tortoise's Rob Thummel in Bloomberg
Permian Basin Is Growing Into the Largest Oil Patch in the World By Jessica Summers and Sheela Tobben Shale play in Texas, New Mexico to hit record output in May Oil patch seen overtaking Iran by the end of the year The Permian shale play is all about setting records. Now, the region may even […]
Tortoise's Rob Thummel on CNBC
2018 will be a record-breaking year for US energy, says portfolio manager | Rob Thummel, Tortoise Capital Advisors portfolio manager, discusses what’s impacting the price of oil.
Tortoise on CNBC Asia
Oil ‘sweet spot’ is around $55 to $65 a barrel – A trading range of $55 to $65 a barrel supports drillers and keeps consumer demand growing, says Rob Thummel of the Tortoise Capital Advisors.
Rob Thummel on Fox Business
Oil prices may rise amid Israeli-Iranian conflict – Israeli forces ordered the destruction of an Iranian drone Saturday. Tortoise Capital portfolio manager Robb Thummel discusses the effects of oil prices amid escalating tension between the two countries.
Tortoise's Robert Thummel on Bloomberg
Robert Thummel, portfolio manager at Tortoise Capital Advisors, discusses oil prices, natural gas and the energy sector on “Bloomberg Markets.” (Source: Bloomberg)
Rob Thummel On "Bloomberg Daybreak Europe"
Thummel Says Global Demand for Oil Is Strong – Rob Thummel, portfolio manager at Tortoise Capital Advisors, discusses the need to extend oil production cut agreements, geopolitical risks, positive demand response to low oil & energy prices, and the catch up trade in U.S. prices. He speaks on “Bloomberg Daybreak Europe.”
Rob Thummel on CNBC
Where one portfolio manager sees the best opportunities in energy from CNBC. Rob Thummel of Tortoise Capital Advisors discusses the best opportunities in the beaten-up energy sector with Brian Sullivan.
Tortoise in The Wall Street Journal
Investing Firm Tortoise to Be Acquired by Group of Private-Equity Companies Group, led by Lovell Minnick Partners, includes HarbourVest Partners and AlpInvest Partners A group of private-equity firms led by Lovell Minnick Partners LLC has reached an agreement to buy a majority stake in income-investing specialist Tortoise, the companies said Wednesday. Leawood, Kan.-based money manager […]
Rob Thummel on CNBC
Energy stocks related to demand such as Cheniere in LNG are good bets: Pro – Rob Thummel, portfolio manager and managing director, Tortoise Capital, says companies linked to growing energy demand plays such as U.S.-based Cheniere in LNG are good long term bets.
Rob Thummel on CNBC
Why crude oil prices are down despite Hurricane Harvey disrupting the market – With refineries on the Gulf coast shut down, the demand for crude oil has been correspondingly reduced, explains Rob Thummel of Tortoise Capital.
Tortoise's Rob Thummel on CNBC
Energy: Value play or value trap? – Rob Thummel, Tortoise Capital Advisors managing director, weighs in on how to invest in oil.
Tortoise's Rob Thummel on Bloomberg Daybreak: Americas
Tortoise Capital Sees Oil Range Bound Long-Term – Rob Thummel, portfolio manager at Tortoise Capital Advisors, discusses volatility in the energy sector and his long-term outlook for oil prices. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.”
Tortoise Capital's Rob Thummel on CNBC
Expect a second-half comeback from the energy sector: Tortoise Capital’s Rob Thummel – Rob Thummel, Tortoise Capital Advisors managing director, gives his outlook for the energy sector in the second half of the year.
Tortoise on CNBC.com
Crude oil’s plunge below $50 a barrel is killing the oil and gas IPO market The return of oil and gas initial public offerings was nice while it lasted. Energy companies aiming to go public are staying on the sidelines as crude prices struggle to keep above $50 a barrel, analysts and investment professionals say. […]