BGR News and Press, BlackRock Energy and Resources Trust From 03/15/20

As forecast last week, the spread of COVID-19 has generated severe financial market volatility, which was substantially worsened by the breakdown in production discipline within the global energy market, reflecting the stand-off between Russia and Saudi Arabia. This has triggered further sev...

By Rob Waldner, Chief Strategist and Head of Macro Research, Invesco Fixed Income A fundamentals-driven correction that may take some time to resolve. Macro impact The spread of the coronavirus globally has continued unabated in recent weeks. The combination of "business as usual" ...

Co-produced with author The Value Portfolio Arguably one of the wildest months in oil history, it's hard to imagine that less than a month ago oil prices were almost $55 / barrel Brent, and that less than a year ago, they were approaching $70 / barrel Brent. That drop in stock prices h...

Several oil companies hit by the price war between Saudi Arabia and Russia are encouraging the Trump administration to waive the Jones Act , a law that mandates only U.S. vessels can be used to transport goods among U.S. ports. More news on: Chesapeake Energy Corporation, Parsley Energy, ...

Carnage and Armageddon are the appropriate descriptions for the events that transpired in the crude oil futures market in the aftermath of the May 6 OPEC meeting. Crude oil equities had been flashing a warning signal for more than one year. The prices of oil-related companies lagged crude oi...

Whenever CNBC breaks out its “Markets in Turmoil“ chyron, markets tend to rally. Not this time! This is my 21st year in the capital markets. I have seen some crazy stuff. Actually, 99% of the stuff I have seen is boring stuff, but it’s the crazy stuff that I remember. ...

The S&P 500 energy sector ( XLE -10.7% ) is today's worst performer, bringing its week-to-date losses to 29% and year-to-date losses above 50%. More news on: Energy Select Sector SPDR ETF, Marathon Petroleum Corporation, Plains All American Pipeline, L.P., Energy stocks news, Stocks ...

Energy stocks ( XLE -3.3% ) take their customary place at the bottom of the S&P 500 sector standings, with crude oil down another ~2% after Saudi Arabia unveiled plans to  raise its production capacity by a further 1M bbl/day to 13M bbl/day. More news on: Energy Select Sector S...

U.S. crude oil futures followed their largest percentage loss since 1991 with a 10% rebound , helped by reports that Russian had not ruled out measures with OPEC to stabilize oil markets. More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy Select Sec...

The Trump administration is strongly considering pushing federal assistance for oil and natural gas producers ( XLE +3.1% ) hit by plummeting oil prices, the Washington Post reports. More news on: Energy Select Sector SPDR ETF, Continental Resources, Inc., SPDR S&P Oil & Gas ...