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☆ 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.

☆ Wisconsin man pleads guilty to role in plot to kidnap Michigan governor
▼ + stars: | 2023-03-15 | by ( Tyler Clifford | ) www.reuters.com time to read: +3 min

March 15 (Reuters) - A Wisconsin man pleaded guilty on Wednesday to a reduced charge for his role in a foiled plot to kidnap Michigan Governor Gretchen Whitmer, handing another victory to prosecutors who have viewed the scheme as domestic terrorism. Michigan prosecutors accused Brian Higgins, 54, of aiding the conspiracy by surveilling the Democratic governor's vacation home. As part of a plea deal, he admitted in Antrim County court that he attempted to provide material support for terrorism and agreed to cooperate with prosecutors, Michigan Attorney General Dana Nessel said in a statement. Two other men, Ty Garbin and Kaleb Franks, pleaded guilty and cooperated with federal prosecutors. This month, Attorney General Nessel said she herself was among potential targets of a man who federal prosecutors say threatened to kill employees of the state of Michigan who are Jewish.

☆ 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.

☆ Michigan Attorney General Nessel says she and other Jewish officials were targeted for murder
▼ + stars: | 2023-03-02 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

EAST LANSING, MI - OCTOBER 16: U.S. Michigan Attorney General Dana Nessel speaks at a campaign rally held by U.S. Rep. Elissa Slotkin (D-MI) designed to get Michigan State University students, faculty and staff out to the polls on October 16, 2022 in East Lansing, Michigan. The race between Congresswoman Slotkin and Michigan State Senator Tom Barrett for Michigan's newly configured 7th Congressional District is one of the two most expensive U.S. House campaigns in the country. In her tweet, Nessel wrote: "The FBI has confirmed I was a target of the heavily armed defendant in this matter." "Probable cause exists that [Carpenter] made threats to cause injury and death to Jewish members of the Michigan government," an FBI agent wrote in a complaint against Carpenter. Michigan Attorney General Dana Nessel said Thursday that the FBI told her that she was among the group of Jewish state elected officials targeted for murder by a "heavily armed defendant" who has been arrested.

LONDON, Feb 28 (Reuters) - British asset manager abrdn (ABDN.L) fell to a full-year pretax loss and reported a slide in client funds for 2022, as global markets turmoil and runaway inflation weighed on its finances. Abrdn reported a 615 million pound ($741 million) pretax loss for the year ended Dec. 31, compared to a 1.1 billion pound profit the prior year. Abrdn's assets under management fell 8% to 500 billion pounds from 542 billion pounds, while the company reported a further year of net outflows of client funds. The company also said it had agreed to sell its discretionary fund management arm abrdn Capital to Liechtenstein-based private bank LGT for 140 million pounds. The sale involves the transfer of around 6.1 billion pounds of assets and about 140 employees, the company said.

☆ 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.

☆ British Steel proposes to close coking ovens in move that could cut 260 UK jobs
▼ + stars: | 2023-02-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

LONDON — Chinese-owned British Steel said it may eliminate up to 260 U.K. jobs as a result of the proposed closure of its coking ovens in Scunthorpe, as steelmaking in Britain remains "uncompetitive" despite cost cutting. British Steel employs 4,700 people, of whom 4,300 are based in the UK. The British administration has been in talks to agree a long-term solution with British Steel over recent months. The Unite union called on British Steel must provide further disclosure over Scunthorpe or face potential industrial action. "Unite will pursue every avenue, including industrial action, to defend members' jobs at British Steel."

☆ Some Starbucks vanilla drinks are recalled, might have glass in them
▼ + stars: | 2023-02-18 | by ( Jay Croft | ) edition.cnn.com time to read: +1 min

CNN —Distributor PepsiCo is recalling more than 300,000 Starbucks Vanilla Frappuccino bottles because they might have glass in them, the FDA said this week. The drinks are 13.7-ounce Vanilla Frappuccinos with UPC number 0 12000-81331 3. The products are being removed from the marketplace, said a statement provided to CNN from PepsiCo on behalf of the North American Coffee Partnership, its organization with Starbucks. “The North American Coffee Partnership is committed to a high level of quality in the products we serve. “If a consumer has purchased a product and has questions or concerns, they can call Consumer Relations at 1-800-211-8307.”

☆ 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.

☆ The Paradox of Prosecuting Domestic Terrorism
▼ + stars: | 2023-02-08 | by ( James Verini | ) www.nytimes.com time to read: +52 min

The preventive approach to domestic terrorism goes back even further than the 1990s and it begins with the basic police work and surveillance of the joint terrorism task forces. In fact, there is no section of the U.S. Criminal Code that criminalizes domestic terrorism as such. The absence of clear law around domestic terrorism, and the imperatives of prevention, mean that investigators and prosecutors who work domestic terrorism cases must focus on more common charges: weapons violations, illegal drug possession, burglary, aiding and abetting and so forth. But this was not enough to overrule the fear of domestic terrorism that was gripping the nation and that hung in the courtroom. It reflected the legal paradoxes of the case and domestic terrorism law in general or, maybe more accurately, the absence of it.

☆ Movie theaters get creative with food and drink as they struggle to fill seats
▼ + stars: | 2023-02-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

At many movie theaters, popcorn and soda appear alongside flatbreads, lobster grilled cheese and elaborate cocktails. "It is things like concessions and how that fits into a broader movie theater experience that really are things that movie theaters need to focus on and hammer in," Gallinari said. AMC Entertainment , the world's largest movie theater chain, exited its third quarter with more than $5.3 billion in debt. According to data from research firm EntTelligence, the average medium popcorn at domestic movie theaters is $8.14, while a medium drink runs for $6.20. "With movie theaters and concessions already having a reputation for being overpriced, being subject to the wills of the market in that way can really work against the movie theater's favor," Gallinari said.

☆ 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.

☆ Bank of America announced a new class of managing directors — here are all 87 names in corporate and investment banking
▼ + stars: | 2023-01-26 | by ( Alex Morrell | ) www.businessinsider.com time to read: +3 min

Bank of America has announced a new class of 360 managing directors. Insider has the list of the 87 new MDs for the firm's Global Corporate and Investment Bank. It's managing director promotion day at Bank of America. On Thursday, the class of 360 managing directors across the firm were announced internally, up 15% from the 314 promoted in 2022.Insider has the list of the 87 employees who were promoted in the firm's Global Corporate and Investment Bank — the division responsible for dealmaking. That's down 17% from 105 new MDs last year in the division, likely a reflection of a difficult year in investment banking across Wall Street that saw revenues drop in excess of 50%.

☆ 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.

☆ 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.

☆ Volkswagen's adaptive cruise control system attempted to accelerate one owner's car to 100 miles-per-hour in a 30 zone, report says
▼ + stars: | 2023-01-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Two Volkswagen Tiguan owners told the Times of London about problems with adaptive cruise control. "I thought the car was trying to kill me," said one man, whose car tried to accelerate to 100 miles-per-hour. In a statement sent to Insider, Volkswagen noted that the adaptive cruise control system is "certainly not designed to create a fully autonomous vehicle nor supersede the responsibility of the driver." According to Volkswagen's website, adaptive cruise control works with front assist's radar sensors which detect if you're too close to a vehicle in front. ACC also uses front and rear cameras, as well as GPS information, to work out the road's speed limit.

☆ 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.

☆ Church of England apologises to LGBTQI+ people for 'shameful' treatment
▼ + stars: | 2023-01-20 | by ( Muvija M | ) www.reuters.com time to read: +3 min

Summary Church of England refuses to allow same-sex marriagesLeader of the church: 'It's a long journey'LGBTQ+ campaign group says church not inclusive enoughLONDON, Jan 20 (Reuters) - Church of England bishops apologised to LGBTQI+ people on Friday for the rejection and hostility they have faced, with the Archbishop of Canterbury acknowledging that the religious body was still "very divided" on the subject. The Church of England, central to one of the world's oldest Christian institutions, the Anglican communion, stood by its teaching that marriage is between "one man and one woman" in the proposals. A spokesperson for gay and transgender lobby group Stonewall said the Church of England had "once again" fallen short on being inclusive and supportive of LGBTQ+ Christians. The Church of England and the Anglican Communion are very divided," Welby told reporters on Friday, ahead of a meeting of the synod next month where the proposals will be deliberated further. But this is an enormously important point, not only within the Anglican Communion and the Church of England, but also across the global church," he added.

☆ 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.

☆ Delaware Man Is Sentenced in Plot to Kidnap Michigan Gov. Gretchen Whitmer
▼ + stars: | 2022-12-28 | by ( Ben Kesling | ) www.wsj.com time to read: 1 min

Another of the men convicted in a plot to kidnap Michigan Gov. Gretchen Whitmer was sentenced Wednesday to 235 months, or nearly 20 years in prison. Barry Croft, 47 years old, of Bear, Del., was described by federal prosecutors as the ideas man in the foiled 2020 plan to kidnap Ms. Whitmer, a Democrat. The scheme was stopped by the Federal Bureau of Investigation before the men could harm the governor. The group of plotters was saturated with informants, and defense attorneys claimed the men were encouraged and entrapped.

Gretchen Whitmer was sentenced to 19 1/2 years in prison Wednesday, more than what was meted out to a co-defendant. “I do think of Mr. Croft as the more seriously culpable … more so than even Mr. Fox," Jonker said. “I think he was the person who gave Mr. Fox something to grab on to." Assistant U.S. Attorney Nils Kessler said Croft needs to go away for an extended period of time to protect the public. I say all of this to say that Mr. Croft needed some intervention."

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