BGR News and Press, BlackRock Energy and Resources Trust From 03/29/21

The Ever Given, the ship that has been stranded in the Suez Canal for almost a week, has been partially refloated, according to shipping officials - Bloomberg.Maritime services provider Inchcape Shipping Services said that the vessel had been refloated at about 4:30 a.m. local time in Egypt a...

The energy sector has had a shortage of capital since the shale boom turned to bust in 2014. Capital expenditures are well below what they were in 2014. Yet the economy still runs on petroleum products and the inevitable shift to renewable energy is many years in the future, even...

"Climate change is real... we know that more needs to be done," says Mike Sommers, head of the American Petroleum Institute, which today pledged to push Congress for legislation to price carbon emissions across the economy.The oil industry's top lobbying group, which for years worked to play ...

Energy ([[XLE]] +3.2%) sprints to the top of the S&P sector standings after a giant cargo ship runs aground in the Suez Canal, helping crude oil to rebound from yesterday's dive to a six-week low.May WTI crude (CL1:COM) +4.6% to $60.46/bbl, rising back above its 50-day moving average, and...

We spoke with Strategas Chief Investment Strategist Jason Trennert on why his team is bullish on the market despite recent volatility and key unknowns like interest rates, inflation, and tax policy. Trennert says they are not overly worried about long-term rates, especially when they&...

In a video conference meeting today with Biden administration officials including national climate advisor Gina McCarthy, executives from 10 of the biggest oil companies including CEOs of Exxon Mobil (XOM) and Chevron (CVX) CEO Mike Wirth offered support for putting a price on carbo...

Interest rates and inflation expectations continue to rise. Investment implications for investors are rather profound. Value will outperform growth going forward, and energy stocks will trounce tech stocks. Commodities and gold are the best asset classes to hedge for inflation. ...

Many macro and political overhangs lifted by the end of Q4, with optimism about the re-opening economy driving Energy sector gains. Value sectors like Energy shined as the economy rebounded, and small cap and cyclical sectors became market leaders. With rising inflation, midstream...

The big question for investors at the moment is whether the 11-year old bull market is ending or is this just a “pause that refreshes?”. While the market could indeed bounce in the short-term, the decline in “money flows,” and the convergence of “sel...

Crude oil prices shrugged off the overnight attack on a key Saudi Arabian oil export facility to finish lower, retreating from a peak above $70/bbl attained for the first time since the start of the pandemic a year ago."The situation evaporated when it became obvious that there was no damage ...