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Oil equities have fallen sharply because of recession fears; spot oil prices remain very high, but the market likely expects demand and prices to crash soon too. The last recession indeed destroyed significant demand, but it was unique; most recessions have had a more modest impact an...
Another Twitter feud between Jeff Bezos and the White House erupted over the weekend, which centered around how to handle soaring inflation. The Amazon founder already criticized the Biden administration for the rising price pressures back in May, saying the failed "Build Back Bette...
The EIA has reported that their site experienced technical problems last week and that they have not been able to update their weekly and monthly data. Since we do not know when they will publish the April U.S. oil production report, this short different post will fill the gap. Fr...
Global oil prices could climb to a "stratospheric" $380/bbl if the G7 nations succeed in imposing caps on the price of Russian oil and prompt Vladimir Putin to inflict retaliatory production cuts, J.P. Morgan Chase analysts warned this week. Given Russia's robust fiscal positi...
Why an economic downturn may not weigh on oil prices for long. Oil has a long-term inventory issue, and only falling demand will help bring down prices. Why oil prices could climb to $130 a barrel or higher in coming quarters. Oil prices have remained at higher l...
Is ESG investing to blame for higher oil prices? It's far more complicated than that. Why energy security is causing investors to pivot their ESG investing strategies. What rising oil prices mean for the great energy transition. Russia’s invasion of Ukrain...
Roughly two weeks ago, AAA's national average price for a gallon of regular gasoline peaked just above $5. Taking one step further up the supply chain, Gasoline futures peaked even further ago on June 9th and have fallen 14.5% since then. While both the national average and gasoli...
Active drilling rigs in the U.S. fell by 3 to 750, Baker Hughes reported on Friday in its latest weekly survey . Drilling rigs targeting crude oil in the U.S. increased by 1 to 595, the most since March 2020, but gas rigs fell by 4 to 153, while two rigs remained classified as m...
Food price inflation in May reaches 10.1% in the US, 8.9% in the Eurozone. Eurozone sees higher inflation rates for wheat, fats and oils, commodities affected by the war in Ukraine. Central bank actions show early signs of tempering inflation in the US, but the global picture rema...
We are nowhere near demand destruction for oil and gas. Blackouts, brownouts, surging prices are crashing the green energy narrative. Interestingly, people like electricity and get really grumpy when its not there. We think a golden age of renewal for non-renewables is about to be...
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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...