The 360 Digital Closing Bell Podcast brings you the days most important energy market news, hosted by Michael Tanner. Join him each day to cut through the noise and glimpse into the energy markets.
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The 360 Digital Closing Bell Podcast brings you the days most important energy market news, hosted by Michael Tanner. Join him each day to cut through the noise and glimpse into the energy markets.
HOT OF THE PRESSES – New week brings new optimism in the stock market as equities market as each major indices finishes green, with NASDAQ finishing up 1.75% off the back of TikTok (yes, TikTok) US Operations gets sold (?) to Oracle (HAHAHA) pending US regulators approval. Telsa gets a bump from Goldman Sachs with a report citing increasing Chinese demand and Nvidia is buying chipmaker Arm Holdings from Softbank for $40 billion.
On the crude oil side, crude oil prices finish flat around $37.19 late in the morning trading session, with the Gulf of Mexico prepping for a Tropical Storm that will shut in at least one Philips 66 refinery. Natural gas prices rise off cooling temperatures and seasonal draws coming in. OAG360 expects a draw of natural gas stocks around 35 BCF on Thursday.
US Shale News
* Will Oasis make interest payment (https://www.fitchratings.com/research/corporate-finance/fitch-us-high-yield-default-insight-september-ttm-default-rate-holds-steady-top-bonds-of-concern-total-drops-again-11-09-2020)?
* Biofuel mandate waivers (https://www.spglobal.com/platts/en/market-insights/latest-news/oil/091420-us-epa-denies-17-small-refineries-waivers-to-2011-18-biofuel-mandates) DENIED by EPA
International
* BP Energy Week Update: Peak Oil Demand (https://www.oilandgas360.com/bp-energy-outlook-mulls-peak-oil-demand-covid-impact/) and Green Energy
* US Regulators split with EU/UK over ESG investing (https://www.oilandgas360.com/u-s-regulators-split-with-eu-u-k-over-esg-investing-the-energy-sector-is-at-the-forefront-of-esg/)
360 News Desk: https://www.oilandgas360.com/eenfp/newsdesk/
Email the show mtanner@enercominc.com
The 360 Digital Closing Bell
The 360 Digital Closing Bell Podcast brings you the days most important energy market news, hosted by Michael Tanner. Join him each day to cut through the noise and glimpse into the energy markets.
