Private equity companies are seeing more capital flow into their oil and natural gas-focused funds as...
Private equity companies are seeing more capital flow into their oil and natural gas-focused funds as higher energy prices and more exit opportunities encourage investors to increase their exposure to the sector after a long period of underfunding. "Investors weren't getting money back in the form of distributions because there weren't a lot of exits, but now we could be in a situation where they're starting to see returns on their investments," explains Jeff Eaton of fund placement agent Eaton Partners.
U.S. stocks end higher Tuesday, S&P 500 exits correction territory
From MarketWatch: U.S. stocks finished...
From MarketWatch: U.S. stocks finished higher Tuesday, with the S&P 500 exiting correction territory after a little over a month, as investors turned more bullish on hopes for a ceasefire agreement between Russia and Ukraine. The S&P 500SPX, 1.23% added about 56 points, or 1.2%, enough to close above the 4,587.77 mark necessary to emerge from correction territory, defined as at least a 10% decline from its prior high. The Dow Jones Industrial Average rose 1% on Tuesday, while the Nasdaq Composite Index booked a 1.8% gain, even as a part of the Treasury yield curve inverted, which has been a reliable past predictor of recessions, albeit often with a roughly two-year lag.
OPEC Says the U.S. Must Trust Its Oil Production Strategy
(Bloomberg) -- Saudi Arabia and the United Arab Emirates said the ...
(Bloomberg) -- Saudi Arabia and the United Arab Emirates said the U.S. must trust OPEC+’s strategy, as Washington and other major importers call on the group to hike oil production following Russia’s invasion of Ukraine.
OPEC+, led by Saudi Arabia and Russia, meets on Thursday to decide on output levels for May. Members have far signaled they see no need to divert from their policy of small increases each month.
“We’re experts in our field and we’ve been doing it for a very long time,” UAE Energy Minister Suhail al Mazrouei said at a conference in Dubai on Tuesday, sitting alongside his Saudi counterpart. “We’re trying to balance the market and it’s not an easy job. We’re not the only producers in the world and when we say this is the right way to do it, we know it from experience. So, trust us.”
The US exported an average of 9.7 billion cubic feet per day of liquefied natural gas in 2021,...
The US exported an average of 9.7 billion cubic feet per day of liquefied natural gas in 2021, a new all-time high and a 50% increase compared to 2020, according to the Energy Information Administration. Europe and Asia fueled demand for US LNG, accounting for 3.3 Bcf/d and 1.5 Bcf/d of the average exported volume, respectively.
