Oil

Libya May Declare Force Majeure On Oil Exports From Several Ports

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Libya’s National Oil Corporation (NOC) could declare force majeure on oil exports from several key export terminals in the Gulf of Sirte amid continued blockades and closures of oil-producing and export infrastructure, the corporation said on Monday as Libya’s political crisis continues. NOC is currently considering declaring force majeure within the next 72 hours unless …

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Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition

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ExxonMobil expects all new cars sold two decades from now to be electric vehicles. But the US supermajor also believes that people will “pay a high price” in this rush to renewables without providing the energy the society currently needs, Exxon’s chief executive Darren Woods told CNBC’s David Faber in an interview last week. Exxon …

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Critical EIA Oil Inventory Data Sees Further Delays

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The Energy Information Administration will not release any further data, the agency said in an update on the heavily anticipated inventory figures that were due to be released last Wednesday. The data was not published last week after the EIA discovered “a voltage irregularity, which caused hardware failures on two of our main processing servers.” …

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Goldman Sachs: Upside Risk In Oil Is “Tremendously High”

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Goldman Sachs continues to be very bullish on energy and believes that the upside risk in crude oil and refined products “is tremendously high right now,” Jeffrey Currie, global head of commodities research at Goldman Sachs, told CNBC’s Squawk Box on Monday. The recent pullback in oil prices could be a buying opportunity because prices …

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For investors, ‘a great opportunity to increase their energy weighting’: Scotiabank analyst

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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Morgan Stanley US equity strategist Michael Wilson believes markets could rally in the near term, but it won’t last “The short-term rolling correlation between equities and real yields is now deeply negative once again… this recent decline in bond yields …

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Premarket: Stocks extend bear market bounce as inflation angst eases

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Tokyo pedestrians wearing protective masks are reflected on an electronic board displaying various company’s stock prices in this file photo.Kim Kyung Hoon/Reuters World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and …

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Just when the West thought it had eradicated polio…

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Just when the West thought it had eradicated polio… Shutterstock illustration image The detection in England of poliovirus, cause of the disabling and life-threatening polio disease, is raising eyebrows and provoking questions about how, where, and why now after 40 years? Poliovirus and its variants are a global issue, but are found mainly in Afghanistan, …

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