BGR News and Press, BlackRock Energy and Resources Trust From 04/15/20

Global demand for oil ( CL1:COM ) in April is forecast to drop by a record 29M bbl/day to levels not seen in a quarter century, the International Energy Agency says, part of a set of dire estimates that executive director Fatih Birol calls "staggering." More news on: Crude Oil Futures, T...

Energy shares (NYSEARCA: XLE ) have slipped to the bottom of the S&P sector standings as WTI crude futures plunge as much as 11% before settling -10.3% to $20.11/bbl ( CL1:COM ), as demand weakness exacerbated by efforts to stem the spread of COVID-19 offsets the production cut agree...

Author's note : This article was released to CEF/ETF Income Laboratory members on March 30, 2020, and includes a rare reposting of our weekly commentary and actionable ideas. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements...

Today's oil production agreement in principle between Saudi Arabia and Russia could be in trouble after Mexico refused to participate in the cutbacks and left the OPEC+ meeting without approving the deal. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath...

Energy stocks ( XLE +3.0% ) are off to another strong start as OPEC+ opens its virtual meeting , apparently moving closer to a deal to curb production in an attempt to tackle the unparalleled impact of the coronavirus on demand. More news on: Energy Select Sector SPDR ETF, SM Energy Com...

Things are pretty tense in the oil markets ahead of a virtual meeting of the alliance of OPEC and non-OPEC producers today at 4:00 p.m. Vienna time (10 a.m. ET). The spotlight will be on whether Russia, Saudi Arabia and non-participant U.S. will agree to cut crude production amid plunging pr...

Crude oil surges suddenly toward the end of the day's trading, as RBC reports Russia is ready to cut production by ~1.6M bbl/day, citing an energy ministry source. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude Oil Total Return Index...

Crude oil futures (CL1: COM) reversed earlier gains to settle sharply lower , coming under pressure after a U.S. government report cut its U.S. and global price forecasts and outlook for domestic production for this year and next. More news on: Energy Select Sector SPDR ETF, The Wi...

The broader market has eased off some of its earlier gains but the oil and gas sector ( XLE +8.1% ) stays strong, as May WTI crude closes +24.7% to $25.32/bbl for its largest single-day percentage gain in history and Brent crude climbed +17.8% to $29.14/bbl ( CL1:COM ). More news o...

BlackRock Energy&Resources Trust (NYSE: BGR ) declares $0.068/share quarterly dividend , in line with previous. Forward yield 4.08% Payable April 30; for shareholders of record April 15; ex-div April 14. See BGR Dividend Scorecard, Yield Chart, & Dividend Growth. More n...