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The West is responding to Russia's invasion of Ukraine by weaning itself off Russian energy. Europe will have an acute need for more fossil fuels from outside Russia to meet its energy demands and achieve its ambitious plans to reduce its reliance on Russia. By spurring the transi...
The Western world stands aghast at the suffering of the Ukrainian people. The global economic consequences of the conflict could also be severe, because Russia and Ukraine are major exporters of vital commodities. The US and UK have announced oil embargos, with the US ban immediately ...
A confluence of negative factors set U.S. stocks up for a difficult start to 2022. However, we see both a short- and longer-term opportunity taking shape. Intraday market volatility has been dramatic and stock selling has become indiscriminate, as is often the case in big market swing...
Commodities exposure, designed carefully, can provide effective inflation defense and portfolio diversification. After nearly a decade of struggles and underinvestment, the supportive infrastructure and supply for many commodities have become strained. Commodities don’t all...
As of early 2022, four Russian oil companies were present in different onshore and offshore locations in several African markets. Overall, Russian players tend to act as operators in North Africa (Libya, Algeria, Tunisia), while they mainly act as partners in Sub-Saharan Africa (Ghana...
Russia’s attack on Ukraine will have lasting and negative effects on the world economy. Within Russia, businesses selling to the domestic market will see foreign sources of products and services as unreliable, leading to local sourcing at higher costs and a lower variety of ava...
The Biden administration is weighing a plan to release around 180M barrels of oil from the Strategic Petroleum Reserve, in what be the largest release from stockpile since it was created in 1975. WTI crude futures (CL1:COM) tumbled 6.7% to $100.53 on the news, while Brent futures (C...
Global oil demand will continue to be the most important variable this year. Russia invading Ukraine will likely push ex-OPEC production estimates lower. US oil production has been revised up from 12.2/12.3 exit to 12.4/12.5 million b/d. Inverse Dollar versus WTI has dramatica...
A Russian expert offers a different perspective on the strategy of Putin's war. The intersection between geopolitics and energy is creating new alliances and deals. U.S. oil and gas producers will benefit but the energy transition impetus has increased tailwinds. For further...
With global markets close to post-Ukraine war highs, we remain neutral on global equities. In the UK, the Bank of England is the outlier for now, raising interest rates by a further 0.25% but alluding to the possibility of an easier trajectory of rate increases as growth slows due to ...
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Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221 Company Name:
OLEM Stock Symbol:
NYSE Market:
Barclays Bank PLC (“Barclays”) announced today that it plans to change the ticker for its iPath ® Pure Beta Crude Oil ETNs (the “ETNs”) which are currently listed on the New York Stock Exchange under the ticker symbol “OLEM”. The current and...
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...