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The University of Michigan’s consumer sentiment index's preliminary estimate for June plunged to a record low. The good news from all this bad news is that “contrarian theory” says that when sentiment reaches such historic lows, the only way it can go is up. T...
U.S. President Joe Biden has criticized oil majors for not stepping up to help combat record-high gasoline prices at the pump. Looking at Refinitiv Datastream, we observe U.S. oil production to see if oil companies have been increasing production since the pandemic. In reality, oi...
The Energy sector bounced along with the overall market on Tuesday, but last week, it was that sector’s turn to get taken to the woodshed. Last week marked just the sixth period in the last 30+ years that the Energy sector underperformed the S&P 500 by more than ten percent...
We're now entering the bottom of the second inning where energy investors have to play more defensive. Physical oil market remains tight/bullish, but global economic growth is slowing down, presenting a headwind going forward. The oil market should face larger deficits in Q3 and Q...
An oil price and energy stock price reversion may be starting. Higher oil prices benefit oil companies by making the extraction process more profitable. Unfortunately, if history repeats, it won’t be just oil prices and energy stocks that get brought down in the process. ...
The upstream competitive landscape in Brazil has significantly shifted where the regionally focused independents and private equity-backed E&P players have actively been acquiring assets, primarily onshore and shallow water, from National Oil Company (NOC) Petrobras's (PBR) divestment...
The recent natural gas price increase in the United States is inevitably spreading to Mexico's gas and power markets. Regardless of the supply mix, Mexico's power sector will continue to experience high power prices in the wholesale market likely hurting end consumers. The natural...
Why the summer driving may add to oil's already tight supply troubles? Why the energy has struggled with a lack of investment? Is energy security changing our approach to ESG investing? For further details see: As Summer Driving Season Begins, Can Oil Supplies Keep Up Wi...
Why oil has a supply problem and what it means for prices going forward. Oil prices are rising, but will capex levels follow? Maybe not. Can Canada's energy sector benefit from global supply shortages? For further details see: Rising Oil Prices Are Pushing Energy Stocks ...
The last month reported in most of the charts that follow is May 2022 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). OPEC output decreased by 176 kb/d according to secondary sources in May 2022. It is doubtful that any OPEC increas...
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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...