IXC News and Press, iShares Global Energy From 05/17/22

We are seeing an increase in gasoline demand in North America, not a decrease. Exxon continues to rake in the cash as they touched quarterly revenue levels not seen since 2014. Exxon has increased its buyback plans from $10 billion to $30 billion by the end of 2023. Will we see mo...

Our macroeconomic forecasting team assesses how the war and latest survey data have altered the economic outlook, policymaking and recession risks. Global growth was dragged lower, principally by steep contractions in Russia and mainland China. Barring the initial COVID-19 outbreak, M...

SEA experienced a severe contraction in 2020 because of lockdowns and border closures to control the spread of the COVID-19 pandemic, which halted economic activity and business in the region. Singapore is on track for power demand recovery. The average power demand in Q1-2022 surpass...

The EIA reported Brazil’s January production increased by 194 kb/d to 3,032 kb/d. The EIA reported that Russian output decreased by 99 kb/d in January to 10,598 kb/d. January’s world oil production increased by 137 kb/d to 79,659 kb/d according to the EIA. For ...

Just when we thought the world economy was regaining its footing, a military conflict in Europe has led us to reconsider our outlook for growth and inflation. In light of Russia’s invasion, we developed a framework for thinking about the economic impact of the conflict on the e...

Some astute stock market observers are pointing out that due to inflation, a massive P/E compression is now underway. You can’t have a negative quarter when nearly all the constituent components of GDP are rising. Small businesses appear to be incurring a higher "quit" rate...

T-note futures took out lows going back to 2011 last night, extending the free fall that began just two months ago. It’s not just the price action of Treasury futures that has us spooked; it’s also what some key commodities are telling us. How long will it be before ...

There was a lot of volatility in stocks last week but in the end, the S&P 500 was down a mere 21 basis points. A rising currency is presumably negative for the export sector and positive for domestic purchasing power. On a sector basis, there were several winners last week wit...

Since my previous article, PBD has lost ~22% vs a loss of ~10% for the S&P 500 and has clearly underperformed the market. PBD still trades at over 20x earnings, which is expensive, and I believe the current price doesn't provide a good margin of safety. There might be more dow...

European Commission President Ursula von der Leyen proposed a complete import ban on all Russian oil as part of the EU’s latest sanctions package. Russia’s oil exports are typically worth more than twice as much as its gas exports, and the EU is the destination for nearl...