http://www.worldoil.com WorldOil Oil shock lashes trend-following traders as ‘all trades backfire’ https://www.worldoil.com/news/2019/9/17/oil-shock-lashes-trend-following-traders-as-all-trades-backfire Systematic investors known as commodity trading advisors (CTAs), whose strategies track price trends across assets, held record short positions in oil and gas futures before a drone strike in Saudi Arabia sent shockwaves through global markets, according to JPMorgan Chase and Co. Shale producers’ stocks surge as crude oil spikes https://www.worldoil.com/news/2019/9/16/shale-producers-stocks-surge-as-crude-oil-spikes American shale producers, one of the worst-performing segments on the stock market this year, jumped Monday morning after an attack on a Saudi Arabia oil production facility over the weekend sent crude prices soaring. Oil jumps the most ever after attack cuts Saudi supplies https://www.worldoil.com/news/2019/9/15/oil-jumps-the-most-ever-after-attack-cuts-saudi-supplies "There is but one rational takeaway from this weekend’s drone attacks on the Kingdom’s infrastructure – that infrastructure is highly vulnerable to attack, and the market has been persistently mispricing oil,” Citigroup Inc.’s Ed Morse wrote in a research note. U.S. exported more oil than Saudi Arabia in June https://www.worldoil.com/news/2019/9/12/us-exported-more-oil-than-saudi-arabia-in-june The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more. First oil https://www.worldoil.com/magazine/2019/september-2019/columns/first-oil Another mixed outlook awaits the EandP sector OPEC+ meets in Abu Dhabi, with deeper cuts off the agenda for now https://www.worldoil.com/news/2019/9/11/opecplus-meets-in-abu-dhabi-with-deeper-cuts-off-the-agenda-for-now Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows. Aramco lining up banks as IPO is coming “very soon”, per the CEO https://www.worldoil.com/news/2019/9/10/aramco-lining-up-banks-as-ipo-is-coming-very-soon-per-the-ceo Banks will be chosen “soon,” Chief Executive Officer Amin Nasser said at an industry conference in Abu Dhabi. Confirmation of the underwriters will signal that the share sale -- set to be the world’s largest -- is finally in the offing after plans were put on hold last year. OPEC’s Equatorial Guinea banking on a $700 million IMF deal by 2020 https://www.worldoil.com/news/2019/9/6/opec-s-equatorial-guinea-banking-on-a-700-million-imf-deal-by-2020 Equatorial Guinea wants to secure $700 million in support from the International Monetary Fund by January as the country seeks to help shore up central Africa’s common currency. Equinor launches $5 billion share buy-back program https://www.worldoil.com/news/2019/9/5/equinor-launches-5-billion-share-buy-back-program “The upcoming start-up of the world-class Johan Sverdrup field, combined with several other new fields in production, provides additional confidence in our outlook for production growth and increased cash generation capacity. We are therefore in a good position to increase capital distribution, while continuing to invest in our high-quality project portfolio”, says Eldar Sætre, president and CEO of Equinor ASA. Big Oil gathers Permian riches as shale stocks collapse https://www.worldoil.com/news/2019/9/5/big-oil-gathers-permian-riches-as-shale-stocks-collapse A bloodbath in energy stocks is creating a rich opportunity for Big Oil to dominate America’s hottest shale play. Exxon Mobil’s chief said Wednesday his company is keeping a “watchful eye” on the Permian for potential deals.