BGR News and Press, BlackRock Energy and Resources Trust From 07/14/21

OPEC has reached a compromise with the United Arab Emirates, agreeing to lift the amount of oil the country can eventually pump as part of a wider agreement to boost global supplies, WSJ reports.August WTI crude oil (CL1:COM) -0.3% to $75.01/bbl; September Brent (CO1:COM) -0.1% to $76.39...

Last month, the fear was excessively high inflation but in the first week of July growth fears have come to the fore. A weaker than expected non-manufacturing PMI in the US has triggered a sharp decline in global government bond yields. The UK’s vaccination program may have...

UAE's rejection of the Saudi proposal to increase and extend oil production agreement serves notice that it intends to raise production. Our base case continues to be that OPEC+ will achieve a compromise and increase production, though there are inventories to still draw. WTI >...

Crude oil futures have turned higher today following the government's weekly report that showed big drops in U.S. crude and gasoline inventories, but gains are limited by the lingering uncertainty over the continued OPEC dispute.The Energy Information Administration said U.S. crude inventorie...

imaginima/E+ via Getty Images U.S. shale producers have promised to maintain spending this year even during rising crude oil prices, and their restraint has extended to their hedging strategies, Reuters reports. Shale companies typically increase production and add to hedges when oil prices r...

The energy sector ([[XLE]] -1.2%) brings up the rear in the S&P sector standings, as crude oil prices continue to reel since OPEC+ talks collapsed on Monday.August WTI crude (CL1:COM) currently -1.8% to $72.03/bbl, and September Brent (CO1:COM) -1.5% to $73.39/bbl.ETFs: [[XLE]], [[USO]], ...

Devon Energy (DVN) +2% pre-market, leading energy stocks higher as crude oil recoups some of yesterday's losses, but prices remain volatile while an impasse prevents OPEC+ from raising production.Some of yesterday's biggest losers are indicated slightly higher: [[FANG]] +1.3%, [[OXY]] +0.8%, ...

anatoliy_gleb/iStock via Getty Images Nearly $18B has poured into U.S. energy-stock ETFs so far this year, more than at anytime in a decade and close to 3x the amount seen in H1 2020, Bloomberg reports. Investors have been reeled in by the strongest rally in oil and gas prices since 2009 - no...

Energy stocks are little changed in premarket trading after WTI crude rose to the highest level in more than six years before turning negative, in the wake of OPEC's failure to agree on a production increase.Shares are mixed with small gains and losses: [[XOM]] -0.2%, [[CVX]] -0.1%, [[COP]] -...

Brent crude oil rises above $77/bbl for the first time since 2018 after OPEC+ fails to reach a production deal, further squeezing an already tight oil market and raising concerns over inflation.With the United Arab Emirates continuing to block an agreement, today's planned OPEC+ meeting has b...