Hints and tips:
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...S&P Global Commodity Insights estimates approximately 6-10 per cent of European industrial gas consumption is gone forever due to demand destruction....
...The supplier delivery times index, part of the S&P Global purchasing managers’ index (PMI) survey published on Thursday, fell below a score of 50 in both economies in January, reflecting that a majority...
...Natural gas from the Permian Basin comes largely as a byproduct of oil production....
...Shale producers dominated the list of best performers on the S&P 500 last year....
...The chancellor’s initial proposals had prompted S&P, one of the world’s largest credit rating agencies, to put the UK on a “negative outlook” late on Friday....
...“Most pipe operators are consistently confirming that a high teens percentage of hydrogen” mixed with natural gas is now feasible, says Dubois-Pelerin at S&P....
...Fedspeak Kansas City Fed president Esther George will discuss the forward view on inflation and the Fed’s rate hikes at a virtual S&P Global leveraged finance chat series....
...Germany too is considering a U-turn on plans to exit nuclear power by the end of the year, as fears grow of shortages should Russia further restrict gas supplies....
...In the UK, we have never had such a poor record, including abrupt U-turns, in macroeconomic management....
...“We invest countercyclically,” he said as he laid out an aggressive oil production growth plan and the hefty capital expenditure it would require....
...Its balance sheet could do with a tidy-up: net debt in the past 12 months was more than $32bn, according to S&P Global Market Intelligence, almost three times that of competitor Valero Energy....
...Mexico has held the door open to cutting production at state energy group Pemex after oil prices crashed this week in what would be a major policy U-turn for the government of Andrés Manuel López Obrador...
...We initiate coverage of Energean which is building a diverse, gas-weighted production portfolio....
...Our forecasts assume the full £500m is invested in land in FY20, and that the benefit in the P&L is seen later 2022 but to a larger extent in FY23....
...Interestingly, the S&P 500 also attempted to bottom in November 2008. If the S&P 500 were to bottom out at a level similar to that November 2008 low, it would trough around 1,816....
...Suggests that perhaps the share price of S&U shouldn’t be drifting as low as it has. For Provident itself, it’s a positive among a world of pain and the recovery could be slow and drawn out....
...In Canada, the oil and gas industry has reportedly been negotiating a $15bn bailout package, the report said....
...With 24% of companies having reported, earnings growth for the S&P 500 is at -16%....
...All things must pass so shut up and give us your money, says Credit Suisse: S&P 500 to Rise 21% by Year-End 2020, Additional 15% in 2021 On Feb. 19, the S&P 500 hit an all-time high of 3386, and has fallen...
...S&P Global Platts Analytics, consulting arm of the energy price reporting agency, said it expected oil prices to jump to the “high 70s” per barrel in the coming days, an increase of more than a quarter....
...s a slight positive)....
...U.S. oil production growth, the boogeyman scotching previous upturns, may at last be under control....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
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