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G-20 nearer to a deal on minimum corporate tax rate (SPY +0.5%). Big oil set to return to profit in 2021 and the WEI index improved again. The Market in Perspective Here are the headlines moving the markets. Big Oil Set To Return To Profit In 2021 Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a rise in oil prices, giving analysts hope for a strong year in oil and gas. Shell announced this week that it expects to make its first profit from oil production in the first quarter of 2021 since the beginning of the Covid-19 pandemic. The company s upstream unit, which mainly manages crude exploration and production, has gained from the surge in oil prices over the past ....
Premium Content Investors Rush To Oil Stocks Despite ESG Push By Irina Slav - Apr 08, 2021, 1:00 PM CDT Oil and gas companies have been in the crosshairs of public outrage for years now and the pressure has only been growing, with a new emerging breed of investors pressuring the industry into cleaning up its act. And yet, there seems to be plenty of the old sort of investors, too, the ones who go after returns and pile into oil and gas because they provide returns. In the year to date, the energy sector on the S&P 500 has gained 29.4 percent, Palash Ghosh reported for Forbes. This makes energy the best-performing sector on the S&P 500, followed by finance as a distant second, with a gain of 17.6 percent. ....