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☆ Brent may rise toward $100/bbl as Saudi output cut could worsen supply gap - analysts
▼ + stars: | 2023-06-05 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

"Saudi Arabia has a track record of delivering on material cuts," RBC Capital's Helima Croft said in a note. "Hence, we would expect the full 1 million bpd unilateral cut to hit the market in July, nearly doubling the true physical reduction we have seen from the producer group since October." "With Saudi Arabia protecting oil prices from sliding too low by cutting production, we think oil markets are now more prone to a shortfall later this year," Commonwealth Bank of Australia analyst Vivek Dhar said in a note. "We think Brent futures will rise to $85/bbl by Q4 2023 even with a tepid demand recovery in China factored in." "Affording it the 200,000 bpd quota adjustment for 2024 seems to settle the issue of its OPEC membership for now."

Persons: Brent, Helima Croft, Vivek Dhar, Goldman Sachs, Daan Struyven, Callum Bruce, Daniel Hynes, Soni Kumari, RBC's Croft, Florence Tan, Sonali Paul Organizations: Saudi, Organization of, Petroleum, RBC, Commonwealth Bank of Australia, bbl, ANZ, U.S . Federal, United Arab, Thomson Locations: SINGAPORE, Saudi Arabia, Saudi, Russia, China, Iran, Venezuela, OPEC, United Arab Emirates

☆ Saudi Arabia’s decision to cut production means it's back in 'whatever it takes' mode: RBC’s Croft
▼ + stars: | 2023-06-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia’s decision to cut production means it's back in 'whatever it takes' mode: RBC’s CroftHelima Croft, RBC Capital Markets, joins 'Fast Money' to talk the latest on oil prices, OPEC+, and more.

Persons: RBC’s Croft Helima Croft Organizations: Saudi, RBC Capital Markets Locations: OPEC

☆ Saudi Arabia made a 'materially significant' announcement: Strategist
▼ + 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 EmailSaudi Arabia made a 'materially significant' announcement: StrategistHelima Croft, managing director and global head of commodity strategy at RBC Capital Markets, discusses the OPEC+ agreement to extend current oil production cuts until the end of 2024.

Persons: Helima Croft Organizations: Saudi, RBC Capital Markets Locations: Saudi Arabia

☆ Energy permitting reforms seen as a 'down payment' from Biden administration: RBC's Helima Croft
▼ + stars: | 2023-06-02 | 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 EmailEnergy permitting reforms seen as a 'down payment' from Biden administration: RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss energy permitting reforms that were part of the debt ceiling negotiations, how it would make it easier to build fossil fuel and clean energy projects, and more.

Persons: RBC's Helima Croft Helima Croft Organizations: Email Energy, Biden, RBC Capital Markets

☆ We can't rule out a deeper cut from OPEC+ as oil prices drop, says RBC's Helima Croft
▼ + stars: | 2023-05-30 | 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 can't rule out a deeper cut from OPEC+ as oil prices drop, says RBC's Helima CroftHelima Croft, RBC Capital Markets, joins 'Last Call' to talk oil prices ahead of the next OPEC+ meeting where another cut could be on the table.

Persons: RBC's Helima Croft Helima Croft Organizations: RBC Capital Markets

☆ Oil supply shortages will start to take effect this summer, says RBC’s Helima Croft
▼ + stars: | 2023-05-08 | 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 supply shortages will start to take effect this summer, says RBC’s Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the latest energy prices, when the effects of OPEC+ oil cuts will be felt, and more.

☆ Wall Street predicted a big surge for oil this year. But prices are now lower
▼ + stars: | 2023-04-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +7 min

Oil prices were rattled by the collapse of several U.S. and European lenders earlier this spring, which discouraged volatility-adverse investors from historically riskier assets, such as commodities. Beijing, the world's largest importer of crude oil, reined in its purchases last year amid drastic "zero-Covid" restrictions that depressed transport fuel requirements. Kpler data indicates that China's imports of Russian crude oil averaged 1.59 million barrels per day in March, up 68% from the same period in 2022. The latest cuts already spell a tight supply-demand balance that could hit households, the International Energy Agency warned in its latest monthly Oil Market Report. "Our oil market balances were already set to tighten in the second half of 2023, with the potential for a substantial supply deficit to emerge.

☆ Iran seizes U.S.-bound oil tanker
▼ + stars: | 2023-04-28 | 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 EmailIran seizes U.S.-bound oil tankerHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Helima Croft, RBC Capital Markets, joins CNBC to discuss Iran seizing a U.S.-bound oil tanker.

☆ India's oil demand is going 'gangbusters,' RBC's Helima Croft says
▼ + stars: | 2023-04-26 | 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 EmailIndia's oil demand is going 'gangbusters,' RBC's Helima Croft saysHelima Croft, managing director and the head of global commodity strategy at RBC, discusses the factors driving oil prices and policy.

☆ Croft: Saudi Arabia is very focused on securing the diplomatic lead in the Middle East
▼ + 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 EmailCroft: Saudi Arabia is very focused on securing the diplomatic lead in the Middle EastRBC's Helima Croft discusses how Saudi Arabia is trying to expand its role as a diplomat in the Middle East, as China and Russia are vying for influence with the U.S. in the region.

☆ The Fed and recession fears are a threat to OPEC, says RBC's Helima Croft
▼ + stars: | 2023-04-11 | 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 Fed and recession fears are a threat to OPEC, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins ‘Squawk Box’ to discuss the latest oil market trends, and whether Saudi Arabia's dominance may be threatened by an increase in production from smaller countries.

☆ The OPEC+ call to cut production is a risk management decision, says Rapidan's Bob McNally
▼ + 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 EmailThe OPEC+ call to cut production is a risk management decision, says Rapidan's Bob McNallyHelima Croft, RBC Capital markets head of global commodity strategy, and Bob Mcnally, Rapidan Energy Group founder and president, join 'The Exchange' to discuss the OPEC+ decision to cut production, U.S. production of crude oil being catalysed by the OPEC+ cuts.

☆ Oil jumps $5 per barrel
▼ + stars: | 2023-04-02 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

SINGAPORE, April 3 (Reuters) - Oil prices jumped about $5 a barrel on Monday's open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability. Brent crude hit the highest in nearly a month at the open, trading at $84.95 a barrel by 0039 GMT, up $5.06, or 6.3%. U.S. West Texas Intermediate crude touched its highest since late January and was at $80.47 a barrel, up $4.80, or 6.3%. Goldman estimated the output reduction could provide a 7% boost to oil prices, contributing to higher Saudi and OPEC+ oil revenues. Analysts at the National Australia Bank said the OPEC+ production cuts and demand recovery from top crude importer China could drive oil prices above $100 a barrel through third quarter.

☆ Saudi Arabia fighting with Russia to become top oil supplier to China, says Helima Croft
▼ + stars: | 2023-03-27 | 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 EmailSaudi Arabia fighting with Russia to become top oil supplier to China, says Helima CroftHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Helima Croft, RBC Capital Market and CNBC contributor, discusses Saudi Arabia becoming the biggest oil seller to China.

☆ Croft: Oil traders are walking back their forecasts but they do expect a better back half of the year, mostly on Chinese demand
▼ + stars: | 2023-03-24 | 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 EmailCroft: Oil traders are walking back their forecasts but they do expect a better back half of the year, mostly on Chinese demandRBC's Helima Croft discusses whether oil prices will pick up back into the $100+ range, how the market is more focused on Powell than Putin, but investors should lose focus on the Iran story.

☆ RBC Capital’s Helima Croft says ‘NOPEC’ bill could be a poison pill for U.S.-Saudi Arabia ties
▼ + stars: | 2023-03-10 | 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 EmailRBC Capital’s Helima Croft says ‘NOPEC’ bill could be a poison pill for U.S.-Saudi Arabia tiesHelima Croft, global head of commodity strategy at RBC Capital Markets, discusses the 2023 outlook for oil prices, the possible consequences of U.S. legislation that could open members of the oil producer group OPEC to antitrust lawsuits and one other wildcard in the energy market — Iran.

☆ The War in Ukraine: One year later
▼ + stars: | 2023-02-24 | 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 War in Ukraine: One year laterJefferies’ Sheila Kahyaoglu, Atlantic Council’s Fred Kempe and RBC Capital Markets’ Helima Croft join 'The Exchange' to discuss the war in Ukraine and the affect it's had on the U.S. and global markets.

☆ The question is, will Russia be able to maintain its oil fields without technology, says RBC's Helima Croft
▼ + stars: | 2023-02-15 | 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 question is, will Russia be able to maintain its oil fields without technology, says RBC's Helima CroftRBC Capital Markets' Helima Croft joins CNBC's Brian Sullivan and the 'CNBC Special: Taking Stock' to discuss oil and geopolitics.

☆ Croft: OPEC can come back into the market if Fed rate hikes and resilient Russian production weigh on oil prices
▼ + stars: | 2023-01-31 | 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 EmailCroft: OPEC can come back into the market if Fed rate hikes and resilient Russian production weigh on oil pricesRBC's Helima Croft discusses what to expect from the OPEC+ ministers meeting this week, concerns about China's reopening, and why Iran is still a major wild card this year.

☆ Helima Croft breaks down White House response to Chevron buybacks
▼ + stars: | 2023-01-26 | 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 EmailHelima Croft breaks down White House response to Chevron buybacksRBC's Helima Croft joins CNBC's "Fast Money" to discuss how the Biden administration responded to Chevron's plan to buy back $75 billion in stoclk.

☆ China's reopening story is the big tailwind for oil, says RBC's Helima Croft
▼ + stars: | 2023-01-23 | 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 EmailChina's reopening story is the big tailwind for oil, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss whether oil prices have factored in China's reopening and more.

☆ Watch CNBC's full interview with RBC Capital's Helima Croft
▼ + stars: | 2023-01-23 | 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 EmailWatch CNBC's full interview with RBC Capital's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss whether oil prices have factored in China's reopening and more.

☆ China's reopening is the most important story for the oil market, says investment bank
▼ + stars: | 2023-01-13 | 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 EmailChina's reopening is the most important story for the oil market, says investment bankHelima Croft of RBC Capital Markets discusses the 2023 outlook for energy markets and how China's reopening might affect demand.

☆ China reopening the big story for oil in 2023: RBC's Helima Croft
▼ + stars: | 2022-12-27 | 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 EmailChina reopening the big story for oil in 2023: RBC's Helima CroftRBC Capital's Helima Croft and Rapidan Energy's Bob McNally join Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss energy markets and what investors can look for in 2023.

☆ Croft: Key factor to watch is whether Russia will penalize any customer who pays to import oil at the $60 a barrel price cap
▼ + stars: | 2022-12-05 | 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 EmailCroft: Key factor to watch is whether Russia will penalize any customer who pays to import oil at the $60 a barrel price capRBC's Helima Croft joins Brian Sullivan to discuss the impact of the EU's ban on seaborne imports of Russian crude, and the price cap on Russian oil, and what the potential reopening of China's economy may do to prices.

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