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☆ Houthis are getting stronger despite U.S. airstrikes, says Energy Aspects' Amrita Sen
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouthis are getting stronger despite U.S. airstrikes, says Energy Aspects' Amrita SenAmrita Sen, founder and director of research at Energy Aspects, joins 'The Exchange' to discuss the impact of U.S.-led strikes on Houthi targets, geopolitical motivations behind the Houthi attacks, and more.

Persons: Amrita Sen Amrita Sen Organizations: U.S Locations: U.S

☆ There's still a lack of confidence in trading the energy market, says Amrita Sen
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's still a lack of confidence in trading the energy market, says Amrita SenAmrita Sen, Founder & Director of Research at Energy Aspects, discusses how turmoil in the Red Sea is impacting the energy markets.

Persons: Amrita Sen Amrita Sen Organizations: Research, Energy

☆ Oil prices rise more than 3% as U.S. warns Houthis against Red Sea attacks, OPEC pledges unity
▼ + stars: | 2024-01-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Oil rose more than 3% on Wednesday as the U.S. warned Houthi militants against further attacks in the Red Sea and OPEC pledged to remain united in supporting prices. This comes a day after Danish shipping giant Maersk halted all shipping through the Red Sea until further notice due to repeated Houthi attacks on vessels. German shipping company Hapag-Lloyd confirmed Wednesday that it would continue to avoid the Red Sea. Oil prices have been volatile this week, with U.S. crude and the global benchmark settling more than 1% lower on Tuesday despite Maersk's decision to continue avoiding the Red Sea due to attacks by the Houthis. OPEC and its allies issued a statement Wednesday pledging to remain united in the group's "efforts to maintain oil market stability going forward."

Persons: Brent, Lloyd, John Kirby, Kirby, Amrita Sen, We've, we're, Sen Organizations: Houthi, Reuters, The West Texas Intermediate, CMA, CNBC, Maersk, Security, OPEC, Traders, CNBC PRO Locations: Sea, Libya, Yemen, Iran, The U.S, United States, U.S, China . U.S

☆ It's been a 'crazy week' for oil, says Amrita Sen — here's why
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's been a 'crazy week' for oil, says Amrita Sen — here's whyAmrita Sen, founder and director of research at Energy Aspects, discusses the factors behind oil's whipsaw week and her outlook for the commodity in 2024.

Persons: Amrita Sen —, Amrita Sen, oil's

☆ Weaker refining margins and technical issues are driving oil prices lower, says Amrita Sen
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeaker refining margins and technical issues are driving oil prices lower, says Amrita SenAmrita Sen, Head of Research at Energy Aspects, discusses the move lower in oil prices this month.

Persons: Amrita Sen Amrita Sen Organizations: Research, Energy

☆ Block CFO on blowout Q3 as top and bottom lines beat estimates
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO on blowout Q3 as top and bottom lines beat estimatesAmrita Ahuja, Block CFO, joins 'Squawk on the Street' to discuss what's allowed Block to guide as they have, how artificial intelligence is being used as a tool for Block, and why the stock has fallen so much in the last three years.

Persons: Amrita Ahuja

Biden administration officials, worried that a growing conflict in the Middle East could send global oil prices soaring, are looking for ways to hold down American gasoline prices if such a jump occurs. President Biden tapped the reserve aggressively last year after Russia’s invasion of Ukraine sent oil prices skyrocketing, leaving the amount of oil in those reserves at historically low levels. The conflict in the Middle East has not yet sent oil prices surging. Administration officials are wary of the possibility that prices could again jump above $5 a gallon, a level they briefly touched in the spring of 2022. “In some ways, they’ve missed the boat.”

Persons: Biden, That’s, Mr, ”, Amrita Sen, Sen, “, they’ve Organizations: Biden, nation’s Strategic Petroleum Reserve, AAA Locations: Saudi Arabia, Gulf of Mexico, Ukraine, Israel, Iran

☆ OPEC+ 'very concerned' about oil demand fears, Energy Aspects' Amrita Sen says
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC+ 'very concerned' about oil demand fears, Energy Aspects' Amrita Sen saysAmrita Sen, founder and director of research at Energy Aspects, discusses the outlook for oil markets, the OPEC+ output policy and Chinese oil demand.

Persons: Amrita Sen Locations: OPEC

☆ Here's why Energy Aspects' Amrita Sen is a buyer of dips in energy stocks
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Energy Aspects' Amrita Sen is a buyer of dips in energy stocksAmrita Sen, Energy Aspects founder and director of research, joins 'Squawk on the Street' to discuss what to expect from energy stocks in Q4, whether prices can continue to rise from here, and more.

Persons: Amrita Sen Organizations: Energy

☆ Oil demand concerns is what's driving a lot of supply policies right now: Energy Aspects' Amrita Sen
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil demand concerns is what's driving a lot of supply policies right now: Energy Aspects' Amrita SenAmrita Sen, Energy Aspects founder and director of research, joins 'Squawk Box' to discuss the recent oil rally, where WTI crude oil is back above $90 a barrel, whether we're likely to see $100 a barrel in the near future, and more.

Persons: Amrita Sen Amrita Sen Organizations: Email, Energy

☆ China slowdown, oil output cuts in focus at key energy industry events
▼ + stars: | 2023-08-31 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

Oil, miniatures of oil barrels and U.S. dollar banknote are seen in this illustration taken, June 6, 2023. China's sluggish post-COVID growth, which has curbed fuel and petrochemical demand, will loom large over both events, while concerns about LNG supplies ahead of the northern hemisphere winter are set to dominate talks at Gastech. Russian oil exports have continued despite prices rising above price caps as the West is keen to maintain global supplies and keep prices down. Meanwhile, U.S. sanctions on Venezuela look poised to ease, improving global supply while abundant and cheap Iranian oil heads for China. While the balance in global LNG markets remains delicate, the longer term demand outlook is uncertain as big importers including Japan and Europe aim to reduce the use of fossil fuels.

Persons: Dado Ruvic, Alexander Novak, Moscow, Amrita Sen, Sen, Saul Kavonic, Florence Tan, Miral Organizations: REUTERS, Rights, Asia Pacific Petroleum Conference, OPEC, U.S, United, United Arab Emirates dirham, Thomson Locations: Saudi Arabia, Singapore, Asia, Gastech, India, China, Ukraine, United Arab, Venezuela, Japan, Thailand, Bangladesh, Europe

☆ Brunello Cucinelli, the $2,000 cashmere sweater-selling master of 'stealth wealth' fashion, is booming as the 'loud luxury' trend wanes
▼ + stars: | 2023-08-30 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +3 min

Brunello Cucinelli, the poster child of the "quiet luxury" movement, is booming. "Quiet luxury" has been dominating the fashion world and shows no signs of losing steam. It's about quiet luxury. AdvertisementAdvertisementQuiet luxury or "stealth wealth" has been a leading movement, and trend, in fashion this year. In China, quiet luxury has taken on new meaning, experts say, to become a status symbol for the ultra-rich.

Persons: Brunello Cucinelli, Tom Ford, Lorna Hall, Amrita Banta Organizations: Service, Research, Strategy Locations: Wall, Silicon, Brunello, China

☆ I expect oil prices to grind higher towards $90 after this round of profit-taking, says Amrita Sen
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI expect oil prices to grind higher towards $90 after this round of profit-taking, says Amrita SenAmrita Sen, Energy Aspects founder and director of research, joins 'Squawk Box' to discuss the trajectory of crude prices, the impact of weaker Chinese market, and more.

Persons: Amrita Sen Amrita Sen Organizations: Energy

☆ We expect gas prices to stay high at the pump for a while, says Energy Aspects' Amrita Sen
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect gas prices to stay high at the pump for a while, says Energy Aspects' Amrita SenAmrita Sen, Energy Aspects founder and director of research, joins 'Squawk Box' to discuss the energy market, why oil prices are hovering around four-month highs after six straight weeks of gains, and more.

Persons: Amrita Sen Amrita Sen Organizations: Energy

"The luxury industry seems to be outperforming the consumer market as a whole in China, but you know, really, almost everyone you speak to, there's a level of uncertainty," said Agility's managing director Amrita Banta. "There's a level of not feeling entirely comfortable with their future economic position that is really affecting almost everybody in China." Those factors disproportionately affect "aspirational" luxury customers who can easily live without another Gucci bag or $900 pair of sneakers. In China, luxury consumers are younger than in the rest of the world with an average age of 28, according to BCG - something companies had seen as positive for future growth. "In the trends that I'm seeing in the U.S. and also in China, more aspirational younger consumers are feeling more of a pain," Morningstar senior equity analyst Jelena Sokolova said.

Persons: Richemont, splurge, Morgan Stanley, Hermes, Chanel, Amrita Banta, Dior, Balenciaga, Gucci, Jelena Sokolova, HSBC's Erwan, Rambourg, Casey Hall, Mimosa Spencer, Catherine Evans Organizations: Cartier, Citigroup, Richemont, Citi, LVMH, Bain, Morningstar, Thomson Locations: SHANGHAI, PARIS, China, North America, Wuhan, Zhengzhou, Charlotte, Nashville, Swiss, Americas, Asia, United States, luxury's, U.S, Japan

☆ Oil market will start tightening, Energy Aspects' Amrita Sen says
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil market will start tightening, Energy Aspects' Amrita Sen saysOil market will start tightening, Energy Aspects' founder Amrita Sen tells CNBC's Dan Murphy in Vienna ahead of OPEC's seminar.

Persons: Amrita Sen, CNBC's Dan Murphy Organizations: Email Locations: Vienna

☆ The oil market faces the risk of a major shock as high interest rates cause traders to dump inventories
▼ + stars: | 2023-07-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Oil inventories are falling as high interest rates make the price of storage costly, top analyst Amrita Sen wrote. That could expose the oil market to a major shock, she warned in the Financial Times. "All this will leave the market vulnerable to shocks and unexpected Opec+ policy moves by the end of the year. Higher rates have forced traders to pay more in financing to hold onto oil-storage consignments. "All this will leave the market vulnerable to shocks and unexpected Opec+ policy moves by the end of the year," she said.

Persons: Amrita Sen, Buckle, —, Sen, today's backwardation, destocking Organizations: Financial Times, Service, Federal Reserve, Strategic Petroleum Reserve Locations: Asia

☆ The OPEC+ deal is a 'really bullish deal,' Energy Aspects says
▼ + stars: | 2023-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe OPEC+ deal is a 'really bullish deal,' Energy Aspects saysAmrita Sen, Energy Aspects co-founder and head of research, discusses the 2023 oil production targets of OPEC+.

Persons: Amrita Sen

Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years. "This is a Saudi lollipop," Saudi Energy Minister Prince Abdulaziz told a news conference. EXTENSION TO END OF 2024OPEC+ has in place cuts of 3.66 million bpd, amounting to 3.6% of global demand, including 2 million bpd agreed last year and voluntary cuts of 1.66 million bpd agreed in April. In addition to extending the existing OPEC+ cuts of 3.66 million bpd, the group also agreed on Sunday to reduce overall production targets from January 2024 by a further 1.4 million bpd versus current targets to a combined of 40.46 million bpd. By contrast, the United Arab Emirates was allowed to raise output targets by around 0.2 million bpd to 3.22 million bpd.

Persons: Prince Abdulaziz, Brent, Amrita Sen, Gary Ross, Giovanni Staunovo, Ahmad Ghaddar, Alex Lawler, Maha El Dahan, Julia Payne, Dmitry Zhdannikov, David Holmes, Barbara Lewis Organizations: Saudi, UAE, Saudi Energy, Organization of, Petroleum, Brent, OPEC, Analysts, Energy, Veteran OPEC, Black Gold, UBS, United Arab, Thomson Locations: Russian, Angolan, VIENNA, Saudi Arabia, OPEC, Saudi, Russia, Ukraine, Nigeria, Angola, United Arab Emirates

☆ Block's Amrita Ahuja on Cash App growth and profits drive
▼ + stars: | 2023-05-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock's Amrita Ahuja on Cash App growth and profits driveAmrita Ahuja, Block chief financial officer, joins 'Squawk on the Street' to discuss the company's earnings beat due to a Cash App profit drive.

But with flights remaining limited after China's border reopening in January, European luxury stores will need to wait longer for the return of masses of tourists they once depended on for growth. The average transaction value by Chinese travellers in Europe in March was 28% above 2019 levels, UBS said, citing data from VAT refund provider Planet. Cartier-owner Richemont (CFR.S), Hermes (HRMS.PA) and LVMH were best placed to benefit from wealthy Chinese shoppers, UBS added. As wealthy Chinese return to Europe and other foreign destinations, the appeal of China's Hainan Island, a duty free shopping hotspot, appears to be waning among top luxury spenders. China's "higher income, top luxury spenders (are) already travelling abroad again," she said, leading to an observable lower per-capita spend in Hainan.

☆ Oil prices slide as markets worry about a recession ahead of expected rate hike from the Fed
▼ + stars: | 2023-05-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US oil prices slid below $70 a barrel on Wednesday ahead of the Fed's rate hike decision. That comes amid growing fears of a recession in the US, as high rates threaten to overtighten the economy. The likelihood of a recession within the next 12 months has jumped to nearly 60%, according to the New York Fed Recession Probability Index. Still, she added oil could rebound in the second half of the year as supply cuts from OPEC+ producers push prices upward. That could lead WTI crude to top $100 a barrel by the end of the year, she said, even in the event of a mild recession.

☆ Oil demand is hitting record levels and we aren't investing enough in supplies: Energy Aspects' Sen
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil demand is hitting record levels and we aren't investing enough in supplies: Energy Aspects' SenAmrita Sen, founder and director of research at Energy Aspects, joins CNBC's 'Squawk Box' to discuss where oil prices currently rest, the IEA's recent warning on global oil demand, and more.

☆ OPEC is very clearly defending a floor with surprise output cut: Energy Aspects
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC is very clearly defending a floor with surprise output cut: Energy AspectsAmrita Sen, co-founder and director of research at Energy Aspects, discusses OPEC's output cut and says it is not a "set in stone" decision for the rest of the year.

☆ OPEC+ announces surprise oil cuts, while U.S. calls the move inadvisable
▼ + stars: | 2023-04-02 | by ( ) www.cnbc.com time to read: +2 min

Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in 2018. Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable. Oil prices last month fell towards $70 a barrel, the lowest in 15 months, on concern that a global banking crisis would hit demand. The latest reductions could lift oil prices by $10 per barrel, the head of investment firm Pickering Energy Partners said on Sunday, while oil broker PVM said it expected an immediate jump once trading starts after the weekend. The Saudi energy ministry said the kingdom's voluntary reduction was a precautionary measure aimed at supporting the stability of the oil market.

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