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To understand where the oil market is headed and how investors might hope to take advantage, one would do well to take a look at what Chevron (NYSE:CVX) said in its investor-day presentation earlier this month. First off, it helps to understand how the energy sector works. In massively oversimplified terms, some energy companies find and produce oil for sale, and others provide equipment and services to those oil producers. If the price of oil goes up significantly, the companies that find and produce oil are incentivized to increase investment in expanding production capacity. And that isn’t difficult for them to afford because the oil they are currently producing and selling is more and more profitable as the price of oil rises, which drives cash flows and facilitates expanding credit using in-ground reserves as collateral. ....
Press release content from Newswire. The AP news staff was not involved in its creation. SOCAR Trading Appoints Luc Chevallier to Global Head of Operations February 3, 2021 GMT GENÈVE, Switzerland - February 3, 2021 - ( Newswire.com ) SOCAR Trading, the Geneva-based global energy trader, has promoted Luc Chevallier to Global Head of Operations with immediate effect. Mr. Chevallier is responsible for SOCAR Trading’s Oil and Non-Oil Operations business, including the implementation of new procedures and insurance. He will be part of the Management team working closely with Risk and Compliance departments, ensuring accurate independent reporting and risk management. ADVERTISEMENT Commenting on the appointment, CEO Mariam Almaszade said, “SOCAR Trading has performed extremely well over the last two years, and Luc Chevallier has been an integral part of that success. Not only has our financial performance been very strong, but we have invested considerable ....