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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Kevin MacCurdy offers market insights on Bloomberg News, analyzing why U.S. oil majors are trading at a significant premium compared to their European counterparts.
PEP Research Director Kevin MacCurdy discusses the valuation gap between US Oil Majors and their European counterparts in a recent Bloomberg News report.
“The market has gone back to valuing traditional oil and gas higher than in the past, with renewed importance due to geopolitical events,” said Kevin MacCurdy, lead upstream analyst at Houston-based Pickering Energy Partners. “This favors traditional oil and gas producers especially from secure countries like the United States.” (Bloomberg News)
US Oil Majors Stay Ahead of Europe as Deals Beat Strategy Pivot (Bloomberg News)
Oil and gas companies are expected to report enormous profit growth as the war in Iran drives energy prices higher, but their stocks continue to underperform because investors question whether those gains will last. Political sensitivity and uncertainty around oil prices may also make companies reluctant to immediately increase dividends or stock buybacks.
President Trump initially celebrated rising oil prices because they boosted U.S. energy profits. However, after the Iran war pushed crude prices from roughly $66 to an average of $95 per barrel between March and June, oil companies and their allies are now poised to receive major financial gains. The situation has become politically inconvenient for Trump, who is no longer pleased with the consequences of the price surge.
Oil markets remain highly volatile as the Iran War enters its fourth month. Energy expert Dan Pickering discusses the structural shifts triggered by the Strait of Hormuz closure and how investors can navigate a market increasingly disconnected from facts on the front lines.
The U.S. and Iran are each trying to trigger economic damage to make the other side relent. The standoff risks worsening the damage across the global economy.
Europe faces widening fuel shortages as Middle East conflict strains global energy supplies, with jet fuel shortfalls expected to hit California and the West Coast.
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