Sentences with phrase «most oil assets»
Not exact matches
Commodity prices have been heading lower for more than four years, and according to data accessible via Bloomberg, commodities have been the worst performing asset class of 2015, with the most severe losses in cyclical commodities, such as oil and industrial metals.
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The fall in oil prices that culminated in big declines for stocks, emerging market assets and high yield bonds at the beginning of this year is the most recent manifestation of this linkage.
Fortunately, high correlations with oil since earlier this year have meant strong performance for most of these riskier assets.
As Willem Buiter, chief economist at Citigroup, has argued: «Water will become eventually the single most important commodity asset class, dwarfing oil, copper, agricultural commodities and precious metals.»
In the not - so - distant future, water will become «the single most important physical - commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals,» says Citigroup's chief economist, Willem Buiter.
The fall in oil prices that culminated in big declines for stocks, emerging market assets and high yield bonds at the beginning of this year is the most recent manifestation of this linkage.
Fortunately, high correlations with oil since earlier this year have meant strong performance for most of these riskier assets.
However, XOM has the financial firepower and assets to keep paying its dividend and opportunistically acquire weaker rivals in most oil scenarios that could play out.
With oil, gas, and coal companies still among the world's most richly valued assets, that may seem hard to imagine.
For too long the world's most powerful and profitable oil companies have masqueraded as leaders of responsible business, while robbing countries of their most precious assets.
Most recently, a report from The Carbon Tracker with a forward by Lord Stern of the Grantham Research Institute on Climate Change (London School of Economics), argued that serious risks are accumulating for investors in high carbon assets, such as coal mining companies and the oil and gas industry.