PXJ News and Press, Invesco Dynamic Oil & Gas Services From 07/11/22

When thinking about oil and gas prices, think in terms of time, not just in price. Consensus analysts are probably aiming too low with their long-run oil and gas price forecasts. A look at the drivers of major oil and gas bull markets. There's a ton of focus in financial...

How could Buffett be buying Occidental, an oil stock, amid a waterfall decline in the commodity? Everybody knows the greening of the world spells doom for fossil fuels, or does it? Former oil company bad behavior changes in the fight for self-preservation. This is a big ...

The “forward 4-quarter” estimate for the S&P 500 has slid sequentially for the last two-three weeks falling to $240.83 from $241.70 two weeks ago. The airline stocks, which have never been owned in any size in the last 20 years – with the occasional trade made...

U.S. April production decreased by 60 kb/d to 11,628 kb/d, after March was revised up from 11,655 kb/d to 11,688 kb/d. The largest production increase came from the GOM while North Dakota dropped by 214 kb/d. North Dakota’s April output was 894 kb/d, a decrease of 214 kb/d ...

As European spot prices for gas break new records, it is becoming clear that natural gas will be one of the major battlefields of the geoeconomic war between Russia and the West. Despite a popular perception that gas exports are a major source of funding for Putin’s war chest, ...

As many countries look to replace Russian energy, the abundance of resources in the US has taken on new importance – for both the US and its allies. The growth in US energy production over the last 10+ years has facilitated a downward trend in imports and a rise in exports, mak...

Recession fears and an accelerated Federal Reserve interest rate hiking trajectory weighed on markets during the second quarter, resulting in the weakest first half performance since 1970. The short end of the yield curve increased dramatically during Q2, with policy interest rates st...

Commodities prices have spiked as demand from the restart clashed with tightening supply. We see the war and net-zero transition keeping prices high. U.S. and euro area inflation data last week showed still-persistent inflation. Stocks and bond yields fell as markets priced more risk ...

Over the past five years, total supply has fallen from 119 units in early 2017 to 95 in June 2022. Marketed supply fell from 96 units to 80 at present. So far, contractors have been restrained in reactivating cold-stacked drillships, leading to an increase in contracted utilisation as...

Once the COVID distortions are over the economy will return to its previous state of roughly 2% growth and 2% inflation. Real sales of durable goods surged throughout COVID but accelerated rapidly with stimulus payments; sales peaked right as Biden’s American Rescue Act was imp...