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2023-07-04 05:40:00 ET Summary U.S. April oil production decreased by 102 kb/d to 12,615 kb/d, a drop from last month’s post pandemic high of 12,717 kb/d. The Drilling Productivity Report (DPR) uses recent data on the total number of drilling rigs in operation along with es...
2023-07-04 03:10:00 ET Summary The big news this morning came from OPEC+, with Saudi deciding to extend its voluntary cuts of one million barrels per day through August and Russia saying it will cut its exports by 500K bpd in August. The news sent oil prices spiking higher this mo...
2023-07-03 04:53:00 ET Summary For July, I am maintaining my June forecast for West Texas Intermediate oil to range between $65 and $85 per barrel. Once the debt ceiling issue had passed and even though the Saudis announced a cut of a million barrels per day for July, oil prices s...
2023-06-27 09:45:00 ET Summary Crude oil prices are expected to soar due to all the uncertainty surrounding new developments within Russia. Since the PPI has been negative for three of the past four months, plus the CPI is expected to plunge in July when the June CPI is announced,...
2023-06-27 03:29:00 ET Summary Commodity prices mixed as recession and weak China demand outweigh supply limits. Companies may be in a better position to handle the weakness than in the past. Balance sheets are stronger than in previous cycles. Recession fears and te...
2023-06-27 02:00:00 ET Summary Investors today find themselves in the midst of a peculiar dance between the S&P 500 weighted and unweighted index, the discordance of which might just be spelling out a financial narrative we need to grasp. We must remember the tried and true wi...
2023-06-26 22:45:00 ET Summary The EIA’s Short Term Energy Outlook was published in early June. Annual average World C+C output was 80752 kb/d in 2022 and rises to 81650 kb/d in 2023 and to 82619 kb/d in 2024. For the past 24 months, US tight oil has increased at an ann...
2023-06-26 19:15:00 ET Summary Starting in July, Saudi Arabia, a dominant producer in OPEC, plans to reduce how much oil it sends to the global economy. Concerns over China’s economic rebound continue to weigh on the crude oil market. Cars are becoming more fuel efficie...
2023-06-21 08:00:00 ET Summary Dividend payouts by firms in the oil and gas sector are especially sensitive to changes in their business conditions. May 2023 saw 14 dividend reductions in the oil and gas sector. Since March 2021, the nation has experienced much higher rates of...
2023-06-21 03:20:00 ET Summary Both major US monthly inflation reports out last week reflected even lower rates than most pundits had expected. Following the two inflation reports and other indicators, the Fed decided to pause hiking key interest rates further, but the “dot...
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UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B Company Name:
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UBS Investment Bank today announced that it will redeem all of the outstanding securities of the series set forth in the following table (the "Securities"): * The table above provides the hyperlink to the relevant prospectus supplement for the Securities. Capitalized terms used but not de...