‘Big oil’ stuns investors with commitment to tradition
Higher carbon prices and investor lobbying efforts are doing little to make oil and gas companies change their ways
Oil
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Growth-led strategies ‘tend not to favour Europe’
One of the challenges Europe has attracting international investment is the relative weakness of its tech sector compared to other parts of the world, according to UBS Asset Management.
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Global plastics purge to hit oil investors
Ecowarriors could have double the reason to celebrate the global push to eradicate plastics after Legal & General Investment Management highlighted the negative impact lower demand will have on the oil and petrochemical sectors.
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$1trn Norway wealth fund wants to drop oil and gas stocks
Norway’s sovereign wealth fund is proposing to dispose of all its holdings in oil and gas stocks to “make the government’s wealth less vulnerable to a permanent drop in oil and gas prices,” the fund announced in a letter to Norway’s ministry of finance.
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Norway oil fund to reduce allocation to EMD, corporate bonds
The world’s largest sovereign wealth fund, which is in the process of increasing its equity exposure to 70% while reducing fixed income allocation to 25%, announced the changes in a letter to its only shareholder, Norway’s ministry of finance. In the letter, the fund’s chief executive Yngve Slyngstad argues that investing in a diversified bond portfolio…
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ANALYSIS: Is Aramco an attractive opportunity?
The Financial Conduct Authority has raised eyebrows in some City circles by clearing the obstacles to a partial listing of Saudi Arabia’s state oil company Aramco in the UK.
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Oil prices slump but experts see rise to $60 before year end
Oil prices could rise in the months ahead and the price fall seen in the wake of OPEC’s Vienna meeting may be a buying opportunity, experts have said.
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ANALYSIS: Is now the time to go overweight oil majors?
The first quarter has proved lucrative for the gargantuan oil companies of Exxon, Chevron and BP. But are their fortunes purely macro-driven or are there other reasons for investors to reconsider the sector?
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The oil price – up, down or ‘range-bound’?
The current acceleration of the world economy should normally boost demand for oil. However, the price of the ‘black gold’ has bounced up and down of late, dropping by more than 10% in the second half of April.
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Norway oil fund to increase equity weighting
Norway’s sovereign wealth fund should increase its allocation to equities to 70%, the Norwegian government has recommended to parliament.
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BlueBay copies Norway oil fund ESG-policy for new high yield bond fund
BlueBay Asset Management has launched the Global High Yield ESG Bond Fund, incorporating the ESG policy used by Norway’s oil fund.
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ANALYSIS: Is commodities a key call for 2017
2016 has been a good year for commodities. Year-to-date, the FTSE World Mining index is up just less than 56% in dollar terms, while the FTSE oil and gas index is up just less than 20%.