Last month the company said it plans to invest nearly 70 percent of this budget to boost production in Permian and Montney,
as oil investors pressure producers to improve production without significantly increasing capital budgets.
Not exact matches
Steven Cook, senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, said higher
oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation of power in the hands of the Crown Prince also is significant for the market and
investors as his reform program is widely regarded
as critical for Saudi Arabia's future prosperity.
Although the
oil price and the dollar have moved in tandem for the last few weeks, the two generally tend to trade in the opposite direction,
as a stronger dollar encourages non-U.S.
investors to sell
oil and crude - importing countries to curtail their purchases.
Crude
oil has helped the Saudi stock market race ahead of the rest of the world this year, but the rally is about more than energy,
as reforms from Crown Prince Mohammed bin Salman receive
investors» endorsement.»
Wall Street has fallen
as healthcare stocks slid and
investors worried about rising costs for companies
as oil prices rose, although the major indexes eked out a gain in April to snap a two - month losing streak.
The region in recent years has seen
investor sentiment rattled by developments such
as the drop in
oil prices, the war in Syria and a sudden corruption purge from Riyadh.
Analysts and
investors generally praised the deal
as data analytics and other high - technology operations grow in demand among
oil producers.
European markets continued lower on Monday afternoon
as investors focused on fresh data from the euro zone and volatility in
oil markets.
European markets closed lower on Monday
as the euro hit a two - and - a-half year high and
investors kept a close eye on the moves in
oil.
The next few weeks will be crucial for
oil prices
as investors see how the OPEC deal will be implemented, according to a new report by the IEA.
Basic resources jumped 1.22 percent
as a sector, supported by an uptick in metal prices, while
oil stocks fell
as investors doubt that the recent rally in prices will last.
That is because banks, private - equity firms and institutional
investors have continued to pour money into the sector even
as oil companies slashed billions of dollars in spending from their budgets and laid off more than 100,000 workers.
European markets hovered around the flatline
as investors geared up for the latest in corporate earnings while keeping an eye on geopolitics and
oil.
NEW YORK, April 13 -
Oil prices extended recent gains and a gauge of global stocks eased on Friday
as concern over a broader conflict in Syria left
investors nervous, while U.S. bank shares led Wall Street lower.
Oil fell Tuesday
as a stronger dollar prompted
investors to take profits from a two - week rally ahead of weekly data that analysts have forecast will indicate an uptick crude inventories.
The company, which had made its name providing
investors with a steady income from its
oil and gas wells, cut its dividend in half
as capital spending rose and energy prices fell.
But
as oil prices firm up around the US$ 50 mark,
investor anxiety is abating.
Those closures, affecting a major U.S.
oil refining hotspot, are pushing up the prices of energy products like gasoline and heating
oil as investors anticipate a drop in supply.
The usual proxies for global growth —
oil and other commodities, emerging market currencies, energy and mining stocks — are almost all sharply lower
as investors bail out of any kind of trade predicated on growth in China and the rest of the emerging world, which accounts for 85 % of the world's population.
Oil prices jumped Tuesday
as investors grew more confident that a trade dispute between the United States and China could be resolved.
Because energy producers cut back on drilling and production when
oil is cheap (and less profitable for them),
investors were concerned that they would also stop ordering
as many of MRC's pipes, which are used to pump and transport crude.
Investors also kept to the sidelines on an uncertain political outlook in the world's two largest
oil consumers thi s month
as Americans head to the polls for the presidential elections next week and China's leaders meet to fill top posts.
LONDON, Nov 1 (Reuters)- European
oil futures fell on Thursday
as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained
as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.
In the last couple of months,
oil has tended to move inversely to the dollar,
as weakness in the currency makes it cheaper for non-U.S.
investors in crude to buy and vice versa.
Inventory builds a concern for the
oil market
as energy
investors turn their focus to the Fed.
LONDON, Nov 1 - Brent crude
oil futures fell to $ 108 a barrel on Thursday
as investors continued to analyse the aftermath of super storm Sandy.
& # 9660 Enbridge Canada's largest
oil pipeline company sailed through the recession like a lifeboat for scared
investors as it kept hiking its profits and dividends.
Before branching out on his own, he was one of legendary
investor Julian Robertson's first so - called tiger cubs, responsible for some big market calls during the 1990s such
as the collapse of
oil prices after start of the Persian Gulf War and the plunge in the British pound.
Saudi Aramco international IPO delay makes sense
as the
oil rally looks set to continue,
investor says
Investment in Canada's
oil and gas industry is expected to fall again this year
as higher taxes and regulatory uncertainty persuade
investors to spend elsewhere, says the head of a group that represents Canada's
oil and gas industry.
Still, German analyst and
investor sentiment rose sharply in December for a second month running,
as a decline in the euro and
oil prices boosted hopes for a pickup although a composite PMI covering Europe's largest economy showed weaker growth.
Oil prices collapsed on Thursday to their lowest since late November
as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.
«If the geopolitical tension subsides or results in a smaller supply disruption than currently priced in, we are likely to see a sharp pull - back in
investor positioning and an even sharper correction in
oil prices than the $ 5 or so that might be warranted even
as macro uncertainties persist,» U.S. bank Citi said in a note to
investors.
The outcome of any conflict in the Middle East seems to have standard market reverberations; the price of
oil rises,
investors flock to safe havens such
as gold and the American dollar.
Investors hoping to invest in what could develop
as a major gas and
oil field in the Philippines have been stymied by Australian Stock Exchange bureaucracy.
Veteran U.S.
investor Jim Rogers is looking at possible investments into Russian
oil firm Bashneft and diamond miner Alrosa
as he aims to add more Russian assets to his portfolio, he told Reuters.
Plunging
oil prices and China's market meltdown have been cited
as two big culprits behind market volatility this summer, but history shows less correlation between these markets and U.S. stocks than many
investors might expect.
Armed with such results, Shell and Total are in payback mood to
investors, buying back shares after diluting stakes with scrip dividends - consisting of shares rather than cash - introduced after the price crash which sent
oil prices
as low
as $ 28 a barrel.
Some companies trimmed capital budget plans
as an answer to the persistently low
oil prices and
as reassurance to
investors that they would embrace financial discipline.
NEW YORK (Reuters)- Wall Street fell on Monday
as healthcare stocks slid and
investors worried about rising costs for companies
as oil prices rose, although the major indexes eked out a gain in April to snap a two - month losing streak.
Loeb recently told Third Point fund
investors that shares of the
oil and gas company could be 60 percent higher, and he outlined changes it could make to add value, such
as spinning off its retail business or selling its Canadian natural gas assets.
Early into this year, analysts and
investors were way more optimistic about the
oil price recovery, but
as global inventories continued to stay high and OPEC lost its market charm with the cuts and compliance, prices started dropping again, and WTI has traded mostly below US$ 50 — and frequently below US$ 45 — since early March.
Last fall, Goldman Sachs played the first harbinger of gloomy times to come, alerting
investors that
oil prices could fall
as low
as $ 20 a barrel.
As you've seen before here in
Oil & Energy Investor, national oil company PDVSA looms large in this unfolding cris
Oil & Energy
Investor, national
oil company PDVSA looms large in this unfolding cris
oil company PDVSA looms large in this unfolding crisis.
B.C.'s
oil - safety proposal may have given another category of
investors cause to gulp
as well.
A recent assessment by Citi
oil analysts warned
investors that Alberta syncrude»... is not a fuel source that sits naturally within a low carbon economy and is unlikely to be a strategic winner
as climate regulation tightens, albeit gradually, in North America.»
The shine has come off the
oil sands,
as more
investors have started to question whether
oil sands development is really a sure thing, particularly at the speed projected by bullish petro - boosters.
U.S. drillers expect to continue raising production this year, but some are adjusting spending to the expected cash flows in the current
oil price environment, after prices failed to rise
as much
as analysts and
investors had expected a few months ago.
The beachhead groups were part of a larger constellation of advisers, including Oklahoma
oil and gas mogul Harold Hamm (once considered for energy secretary), billionaire
investor Carl Icahn (last seen shadily pushing for policy that would benefit his
oil refineries), GOP energy lobbyist Mike McKenna (in charge of the DOE transition team), longtime climate skeptic (and hopeless dope) Myron Ebell, North Dakota Rep. Kevin Cramer (the
oil devotee who supposedly wrote Trump's big energy speech last May), and Thomas J. Pyle, the director of the Institute for Energy Research (IER), a pro-fossil fuel «think tank» which,
as we shall see, has provided several Trump staffers.
We discuss the themes of the earnings season and the shareholder returns fever that has gripped the industry
as big
oil competes for
investors dollars.