Heavy losses in 2018 reinforce view that energy investments are unsafe.
Bakken crude differentials firmed on Dec. 3 to the strongest level in a month, moving alongside rising Canadian prices after Alberta officials mandated oil-production cuts over the weekend, traders said.
When stock markets are down sharply, a common phrase of encouragement is that “it’s darkest before the dawn.” But what if, as day dawns, the sun sheds little light on the investing landscape? What if historical norms no longer apply, traditional trends are reset and veteran industry players seem to be throwing in the towel?
Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output next year, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals, the head of the world’s top oil producer said on Nov. 26.
Oil neared three-month lows on Nov. 8, surrendering early gains as investors focused on global crude supply, which is increasing more quickly than many had expected.
Oil rebounded to $73 a barrel (bbl) on Nov. 7 after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019.
That’s one reason why he and President Trump want the U.S. to achieve energy dominance in world markets, with continued exports of oil, natural gas and LNG.
Looking for a few good names outside of the Permian? Here, three analysts name some of their picks.
Christopher Abbate, Riverstone Holdings, talks private credit funds and alternative lending.