Growth Fears Still Linger Despite Crude Oil Surge

Oil saw its strongest daily gain in over two years on Wednesday. The surge comes as a partial rebound from steep losses that has had pushed the crude oil benchmarks to lows that had not been seen since 2017.

U.S. and Brent crude both rose almost 8 percent, which is the largest single-day increase seen since November 30, 2016. With the U.S. government shutdown, higher U.S. interest rates, and the U.S.-China trade dispute disturbing investors and increasing worries, crude oil has been lost in wider market weakness.

The market is still really concerned about demand. The sell-off “doesn’t signal strength of confidence in demand, but we still went too far too quick. We still believe $45 is too low.” -Bernadette Johnson, vice president in market intelligence at DrillingInfo in Denver

Despite the day’s gain of 8.7 percent at $46.22 a barrel, U.S. crude has lost nearly 40 percent from its October closing high of $76 a barrel.

The outlook for oil is not as weak as it was in 2016 when there was a supply overabundance since the Organization of the Petroleum Exporting Countries and its allies have decided to cut production in 2019 and lower output by 1.2 million bpd.

Tower Viewer

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

Oil surges 8 percent after steep slide; growth fears still weigh

Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017. Both U.S. and Brent crude rose about 8 percent, their largest one-day increase since Nov. 30, 2016, when OPEC signed a landmark..

finance.yahoo.com

Read Full Article



ExxonMobil Beats Earnings Estimates in Q3

Exxon Mobil (XOM) Corporation is a global oil and natural gas company.  Founded in 1870 and headquartered in Irving Texas, Exxon Mobil explores for and produces crude oil and natural gas, manufacture and markets commodity petrochemicals, and transports and sells crude oil, natural gas, and petroleum.

Exxon Mobil recently announced its Q3 2018 financial results and earnings. The company outshone its earnings expectations of $1.199 per share with $62 billion in earnings or $1.46 per share.

Cash flow from operations and asset sales was reported at $12.6 billion. $3.5 billion was distributed in the form of dividends to shareholders. Capital and exploration expenditures rose 10 percent year-over-year to $6.6 billion.

Oil-equivalent production was down 2 percent from third quarter 2017, but saw an increase from second quarter 2018 at 3.8 million barrels per day.

Darren W. Woods, chairman, and chief executive officer stated, “We’re pleased with the increase in production from the second quarter of 2018 recognizing it reflects contributions from just one of our key growth areas, the Permian. We expect to continue to increase volumes over time as we ramp up activity in the Permian and new projects start up.”

To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

Happy Coffee

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

ExxonMobil Earnings Increase 57 Percent to $6.2 Billion in Third Quarter of 2018

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM):..

news.exxonmobil.com

Read Full Article



Oil Production Sees Record Highs As Prices Decline

For the ninth consecutive session, US West Texas Intermediate crude fell again, signaling a further decline in oil prices. This comes in as the longest straight decline in oil since July of 2014. WTI December 18 futures contract prices fell to $60.67 on Thursday, a 1.62% decline. This is the lowest closing price since March. Despite an October 3 closing high of $76 a barrel, the domestic crude oil market is down over 20%.

An overabundance of supply has kept prices down domestically. Oil production is at a record high of 11.6 million barrels per week, and the crude inventories increased by 5.8 million barrels at the week’s end of November 2, which is double the amount that analysts expected.

The current drop in prices comes as a contrast to the sharp rises that started in late August and continued rising through the beginning of October.

-Stephen Schork of The Schork Report stated, “The last three weeks of October going into November, the market has corrected, that bubble has popped, and now we’re more focused on the reality of heightened production. We’re at a point now where we’ve come down a long way in a short amount of time, and that’s what happens when bubbles pop.

Man Standing in Assorted Building String Light during Night Time

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

US crude oil enters bear market, prices fall for ninth straight session

US crude prices are on track to end lower for a ninth straight session Thursday, the longest sequential decline since July 2014…

finance.yahoo.com

Read Full Article



McDonald’s in the Netherlands will Fuel You & Your Car

McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women.

Starting before the end of the year, McDonald’s customers in the Netherlands will be able to charge their electric cars while getting food to fuel themselves. McDonald’s and Nuon, a subsidiary of Vattenall a European utility company, have created a deal to institute two charging stations at each of the fast food chain’s 168 locations.

Despite the popularity of the electric car in the Netherlands, there is still only a small amount of public quick-charging stations. The electricity for the charging stations will be provided from Dutch wind turbines.

Google has also be joined the wind power trend, with its recently signed deal to buy 190 MW of energy from three Finnish wind power plants. The energy will be used to supply its data center in the Nordic region. Google has purchased nearly 900 MW of renewable capacity across Europe to meet its electricity demand.

To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.

Selective Focus Photography of Cat Lying Next to Glass Jar

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

McDonald’s, Google strike wind power deals in Europe

THE HAGUE, Netherlands (AP) — McDonald’s customers in the Netherlands will soon be able to buy fast food for their electric cars as well as themselves…

finance.yahoo.com

Read Full Article



ExxonMobil Plans Petchem Plant and LNG Investment in China

ExxonMobil announced that it recently signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas terminal in China. The deal with the southern Guangdong provincial, which is worth billions of dollars, includes a 1.2 million-tonne-per-year ethylene plant, two polyethylene production lines, and two polypropylene lines in the city of Huizhou.

The company has also agreed to take part in a provincial project of building a liquefied natural gas terminal in the coastal Huizhou and to also supply the liquefied natural gas for the terminal. China is granting greater access to its massive chemical markets for both global majors and local independents. Exxon would be one of just a few international oil majors to invest in the liquefied natural gas in China.

Exxon’s agreement follows the German chemical giant BASF’s $10 billion investment to build the first wholly foreign-owned chemicals complex in China. BASF’s complex will also be built in Guangdong and will produce 1 million tonnes a year of ethylene through a steam cracker.

Exxon’s deal with China could be seen as a goodwill gesture by the country during a heightening trade war between the US and China.

The local government of Guangdong province and Huizhou, along with Guangdong Yuedian Group, the state power company signed the preliminary deal.

After a joint study signed late last year, the petrochemical deal did not come as a surprise, but the liquefied national gas was not expected and it marks the second investment in China’s gas infrastructure by an international oil company.

Saul Kavonic, director for Asia Pacific markets and head of energy research at Credit Suisse in Australia stated, “It marks a salient step for Exxon in their pursuit of becoming an LNG portfolio player.”

To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

Red, Blue, and White Cars

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

ExxonMobil latest foreign major to invest in petchem plant, LNG terminal in China

ExxonMobil Corp said on Thursday it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas (LNG) terminal in China, the latest major foreign investment in the world’s top chemicals market. The agreement worth billions of dollars with the southern Guangdong..

finance.yahoo.com

Read Full Article



Caterpillar Is First Multinational Company To “Act” Successfully On Mexican Electricity Industry Law

Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent.

Caterpillar, Inc. has recently become the first multinational company to produce and consume its own energy in northern Mexico under the new Mexican Electricity Industry Law. During the last three years, the Caterpillar facilities in Monterrey and Torreon have been generating their own electricity, each with a 14.75 MW generation capacity. The purpose of the facilities is to use low-cost and best-quality electricity specifically during peak periods. The Caterpillar Mexico Energy Center in Monterrey is now able to provide the Santa Catarina Campus with 100% of the electricity it needs during top hours. In the time of five minutes, the Caterpillar Mexico Energy Center is able to create enough electricity for a single house for a month.

Luis A. Cantu, Advanced Components Manufacturing (ACM) Mexico energy operations project manager stated, “Without a doubt, this is an important achievement for the company as both projects reinforce Caterpillar’s commitment to sustainability through reduction of polluting emissions into the atmosphere. I’m proud of the collaboration between our multiple facility teams and how they have made it possible to achieve and maintain this sustainable advantage.”

To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.

Woman in Pink Dress Sitting on Chair

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

www.caterpillar.com

Read Full Article



DOE Invests $64 Million Towards Nuclear Technology Advancement

$64 million will be given in awards for an advanced nuclear energy technology to DOE national laboratories, industry, and 39 U.S. universities in 29 states from the U.S. Department of Energy. The DOE’s Office of Nuclear Energy has selected a total of 89 projects for funding of nuclear energy research, facility access, and crosscutting technology and infrastructure development.

The Nuclear Energy University Program, the Nuclear Energy Enabling Technologies, and the Nuclear Science User Facilities program are the three DOE programs that the awards are spread between.

NUEP was awarded $47 million to help support 63 U.S. university-led research projects. Another $5 million was awarded to NEUP to back 18 university-led projects for the research reactor and infrastructure improvements that are meant to provide integral safety, performance, and educational upgrades to some of the nation’s university research reactors.

NEET was awarded $5 million for 5 research and development projects that will be led by the DOE national laboratories, industry, and universities. The research will be conducted over crosscutting nuclear energy challenges.

Under NSUF, the DOE selected on industry and two university-led projects that will receive $6.6 million for research, facility access costs and expertise for investigation of important nuclear fuel and material applications.

Time Lapse Photography of Mountain

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners!

It’s FREE to receive email updates.

Department of Energy Invests $64 Million in Advanced Nuclear Technology

..

www.energy.gov

Read Full Article



Intel Works Towards Water Recycling With Construction of Oregon Plant

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally.

Intel’s largest water recycling plant, located in Hillsboro, Oregon, is under construction. The goal of this three-year construction project will be to help meet Intel’s long-term water reduction and recycling goals. With the reconstruction, the company will be able to reduce its water use in its computer chip manufacturing, as well as recycle nearly 1 billion gallons of water each year. For perspective, that is equivalent to 90,000 Olympic-sized swimming pools. Upon completion, the plant will stand as the largest water recycling facility in the world.

The reconstruction project comes as part of Intel’s worldwide goal to return 100% of its water to communities and watersheds by the year 2025.

To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

Under Construction: Intel?s Largest Water Recycling Plant

..

www.intc.com

Read Full Article



Caterpillar Contributes to Utah’s Cleaner Mountain Air

Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. works to make sustainable progress possible and contributes to driving positive change on every continent.

A 76-year-old power plant in The City of Provo, Utah was recently replaced with a new one that is powered by five Cat G3520H natural gas generators. This new power plant, which is significantly cleaner that its former, will provide peak power to six municipalities in the Utah Valley Area.

Reducing emissions put off by power plants helps to make the air cleaner for over a million Utah Residents. The slopes and valleys of mountains tend to create a bowl effect and trap pollutants near the valley floor of mountains which can lead to increased coughing and asthma attacks among residents

To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.

Breathing Cleaner Mountain Air in Utah

..

www.caterpillar.com

Read Full Article



Chevron Resumes Drilling in Kurdistan Region of Iraq (KRI)

Chevron recently confirmed that it has resumed drilling in the Kurdistan region of Iraq (KRI). Drilling had been originally suspended in October 2017 post an independence referendum that ignited issues between Baghdad & the semi-autonomous area’s government.

To learn more about Chevron (CVX) and to track their progress please visit the Vista Partners Chevron Page.

Chevron restarts drilling in Kurdistan region of Iraq (Feb 19)

U.S. oil company Chevron Corp on Monday said it had resumed drilling operations in the Kurdistan region of Iraq (KRI). “Chevron can confirm that it has resumed its activities in the KRI and we have restarted drilling operations at our Sarta 3 well,” Chevron spokeswoman Sally Jones said..

finance.yahoo.com

Read Full Article