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Oil surges with U.S. demand bump driving global rebound optimism
April 29, 2021
Source: world oil

Oil surges with U.S. demand bump driving global rebound optimism

Oil advanced to the highest in over a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption.Futures in New York jumped 1.5%, posting the largest back-to-back daily gains in two weeks. “There's a lot of green shoots in demand,” said Matt Sallee, portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets.

Elliott offers to acquire QEP
Jan. 8, 2019
Source: World Oil

Elliott offers to acquire QEP

With the aim to pump up its private equity in the energy sector, Elliott Management Corp. has offered a proposal of $2 billion to acquire a portion of QEP Resources Inc. Elliott Management is New York’s investment firm who is ready to pay $8.75 a share in cash for the oil driller. QEP has given a conformation on receiving a proposal from Elliott.

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