Bloomberg
ACWA CEO: Saudi Arabia Will Invest $100s of Billions for Power by 2030
Saudi Arabia will need to invest hundreds of billions of dollars this decade on renewable energy and natural gas-fired electricity to meet its generation capacity targets, according to the head of Riyadh-based ACWA Power Co. The project...
Bloomberg
IEA Warns Energy Risks 'Rather High' if Mideast War Escalates
International Energy Agency Executive Director Fatih Birol discusses geopolitical risks to the global oil market as the IEA predicts that oil demand will reach its peak this decade. He speaks on "Bloomberg Surveillance."
Bloomberg
Chevron and Hess CEOs on Why Their Merger Is a 'Win-Win'
Chevron Corp. CEO Mike Wirth and Hess Corp. CEO John Hess discuss why the companies decided to combine in a $53 billion deal. Chevron will pay $171 per share for Hess, a premium of about 10% to the 20-day average price, according to...
Bloomberg
Oil and Gold Prices Rise Amid Deepening Middle East Crisis
The oil market is on edge as geopolitical tensions rise in the Middle East, with prices poised for a second straight weekly gain. Gold is also higher as fears rise over a wider conflict. Stephen Stapczynski reports on Bloomberg Television.
Bloomberg
Oil, Gold Extend Gains Amid Middle East Tensions
Oil and gold are extending their gains in Asian trading after surging in the volatile New York session. Commodities have been the most sensitive assets to reports of fresh violence in the Middle East. Su Keenan reports on Bloomberg...
Bloomberg
JPMorgan's Hui: I Think the Fed Really Ought to Stay Put
"I do think the Fed really ought to stay put." Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, discusses his investment strategy amid the conflict in the Middle East, its impact on oil markets and Federal...
Bloomberg
Abaxx Technologies Sees Destocking Across Commodities
Abaxx Technologies CEO Josh Crumb discusses the impact the war between Israel and Hamas is having on oil, and the commodities market. He speaks on "Bloomberg Daybreak: Europe."
Bloomberg
Israel Latest: US and Qatar to Hold Iran Funds
Bloomberg has learned that the US has reached an informal understanding with Qatar to hold off distributing $6 billion in oil revenue to Iran. The Biden administration is said to be probing Tehran's potential involvement in Hamas's...
Bloomberg
Europe Faces Inflation Risks in 'Weak Economy': Gentiloni
European Union Economy Commissioner Paolo Gentiloni says it is "too soon to measure" the economic impact of the Israel-Hamas war as he sees the European economy as weak, but not in recession. He speaks on the sidelines of the annual...
Bloomberg
Oil Erases Most of War Premium as Supply Impact Remains Limited
US oil is slightly weaker in Asian trading after erasing most of the surge following Hamas' attacks on Israel over the weekend. Stephen Stapczynski reports on Bloomberg Television.
Bloomberg
Top Calls: Exxon Agrees to Buy Pioneer for $59.5B
Nitin Kumar, Mizuho Senior US Oil & Gas, joins Romaine Bostick and Katie Greifeld to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.
Follow Bloomberg for business news & analysis,...
Bloomberg
Why Exxon and Pioneer Agreed to $59.5 Billion Deal
Exxon Mobile Corp. CEO Darren Woods and Pioneer Natural Resources CEO Scott Sheffield explain why the two companies agreed to combine in a deal valued at $59.5 billion. Speaking with Alix Steel on "Bloomberg Markets," Woods and Sheffield...
Bloomberg
Where the CEOs of Exxon, Pioneer See Oil Prices Headed
Exxon Mobil Corp. CEO Darren Woods and Pioneer Natural Resources CEO Scott Sheffield discuss the potential impact of the Israel-Hamas war on oil prices. They speak during an interview with Alix Steel on "Bloomberg Markets." Exxon agreed...
Bloomberg
Exxon to Buy Pioneer in $60 Billion Shale Oil Deal
Exxon Mobil Corp. agreed to buy Pioneer Natural Resources Co. for $59.5 billion in an all-stock deal, the supermajor's biggest acquisition since merging with Mobil Corp. in 1999. Alix Steel reports on Bloomberg Television.
Bloomberg
US Not Ruling Out New Sanctions Against Iran, Yellen Says
US Treasury Secretary Janet Yellen said, "we have not in any way relaxed our sanctions on Iranian oil," as she discusses the possibility of adding further sanctions against Iran in relation to renewed conflict in the Middle East. Yellen...
Bloomberg
IMF's Gopinath on Economic Concerns of Israel-Hamas War
"If it turns into a wider conflict that causes oil prices to go up, that does have an effect on the economies," says IMF First Deputy managing Director Gita Gopinath as she discusses the potential economic implications of the...
Bloomberg
Road to an Oil Crisis Leads Through Iran: Rapidan Energy
Robert McNally, founder and president at Rapidan Energy Group, says the global oil market has "probably appropriately discounted that risk" that the conflict between Israel and militant group Hamas will affect oil in a material way. He...
Bloomberg
Oil Prices Surge as Hamas Attacks Israel
Oil surged after Hamas's surprise attack on Israel raised fears of a wider conflict. Investors avoided traditionally risky assets such as stocks and instead bought gold, bonds and the dollar. Bloomberg's Stuart Livingstone-Wallace...
Bloomberg
Israel-Hamas War to Have Long-Term Impact on Oil: Morse
Ed Morse, Citigroup's global head of commodity research, discusses the impact of the Israel-Hamas war on the energy market with Alix Steel and Guy Johnson on "Bloomberg Markets."
Bloomberg
Energy Aspects Sees Oil at $90-$100 Barrel in Q4
Amrita Sen, Energy Aspects director of research, talks about the impact of the war in Israel on global oil markets. She is on "Bloomberg Markets: European Close."
Follow Bloomberg for business news & analysis, up-to-the-minute market...
Bloomberg
Iranian Oil Supplies in Focus Amid Mideast Tension: CBA
Vivek Dhar, director of mining and energy commodities research at Commonwealth Bank of Australia, discusses the outlook for oil amid the tensions in the middle east. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak:...
Bloomberg
Drummond Capital's Schoenmaker on Global Markets
Nick Schoenmaker, client portfolio manager at Drummond Capital, discusses his outlook and investment strategies for global markets. He speaks with Bloomberg's Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia."
Bloomberg
Geopolitical Risk Is Alive, HSBC's Neumann Says
Frederic Neumann, chief Asia economist at HSBC Holdings Plc., looks at how the attacks by Hamas within Israel over the weekend might affect the global economy, markets and central banks' policies. He also discusses the outlook for...
Bloomberg
Hamas Attack on Israel Adds to Uncertainty Around Markets, AMP Says
Shane Oliver, head of investment strategy and chief economist at AMP, discusses the outlook for stock and bond markets amid risks including Hamas' strikes against Israel over the weekend. He speaks with David Ingles, Yvonne Man and...