Latest news with #EnergySector
Bloomberg
8 hours ago
- Business
- Bloomberg
Ivory Coast Sees Oil Output Increasing More Than Fivefold by 2035
Ivory Coast expects its oil output to increase more than fivefold in the next decade, boosted by recent discoveries and the start of production at two offshore fields. 'By 2035, crude-oil production is expected to reach at least 500,000 barrels per day, placing our country among the top five oil-producing countries on the continent,' Minister of Petroleum, Energy and Mines Mamadou Sangafowa-Coulibaly said. 'Natural gas will account for 1 million cubic feet per day.'
Yahoo
a day ago
- Business
- Yahoo
Should You Invest in the iShares U.S. Energy ETF (IYE)?
Looking for broad exposure to the Energy - Broad segment of the equity market? You should consider the iShares U.S. Energy ETF (IYE), a passively managed exchange traded fund launched on 06/12/2000. Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors. Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Energy - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 16, placing it in bottom 0%. The fund is sponsored by Blackrock. It has amassed assets over $1.19 billion, making it one of the larger ETFs attempting to match the performance of the Energy - Broad segment of the equity market. IYE seeks to match the performance of the Dow Jones U.S. Oil & Gas Index before fees and expenses. The Russell 1000 Energy RIC 22.5/45 Capped Gross Index measures the performance of the energy sector of the U.S. equity market. Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. Annual operating expenses for this ETF are 0.39%, making it one of the cheaper products in the space. It has a 12-month trailing dividend yield of 2.77%. ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis. This ETF has heaviest allocation in the Energy sector--about 98.80% of the portfolio. Looking at individual holdings, Exxon Mobil Corp (XOM) accounts for about 23.21% of total assets, followed by Chevron Corp (CVX) and Conocophillips (COP). The top 10 holdings account for about 68.54% of total assets under management. So far this year, IYE return is roughly 3.38%, and was up about 2.74% in the last one year (as of 06/19/2025). During this past 52-week period, the fund has traded between $40.36 and $51.38. The ETF has a beta of 0.77 and standard deviation of 24.98% for the trailing three-year period, making it a high risk choice in the space. With about 45 holdings, it has more concentrated exposure than peers. IShares U.S. Energy ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, IYE is an excellent option for investors seeking exposure to the Energy ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well. Vanguard Energy ETF (VDE) tracks MSCI US Investable Market Energy 25/50 Index and the Energy Select Sector SPDR ETF (XLE) tracks Energy Select Sector Index. Vanguard Energy ETF has $7.18 billion in assets, Energy Select Sector SPDR ETF has $28.76 billion. VDE has an expense ratio of 0.09% and XLE charges 0.08%. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares U.S. Energy ETF (IYE): ETF Research Reports Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report ConocoPhillips (COP) : Free Stock Analysis Report Energy Select Sector SPDR ETF (XLE): ETF Research Reports Vanguard Energy ETF (VDE): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Reuters
2 days ago
- Business
- Reuters
US Treasury extends general license on Russia's Sakhalin-2 oil and gas project
WASHINGTON, June 18 (Reuters) - The U.S. Treasury Department on Wednesday extended a Russia-related general license authorizing some transactions with the Sakhalin-2 oil and gas project. The general license authorizes the transactions through 12:01 a.m. ET on December 19, 2025.
Bloomberg
3 days ago
- Business
- Bloomberg
Russia's Faltering Oil Flows Crimp Gains From Rally in Prices
Russia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as exports slid to a seven-week low. Seaborne crude shipments averaged 3.31 million barrels a day in the four weeks to June 15, a drop of 1% from the period to June 8. The more volatile weekly figure fell by about 440,000 barrels a day from the previous week's three-month high.
Reuters
3 days ago
- Business
- Reuters
Tokyo Gas executive: no impact expected on LNG buying from Iran-Israel conflict
TOKYO, June 18 (Reuters) - Japan's biggest city-gas supplier Tokyo Gas (9531.T), opens new tab expects no direct impact on its liquefied natural gas (LNG) procurement from the Iran-Israel conflict, but its is closely monitoring developments as it could influence oil-linked and spot LNG prices, a company executive said on Wednesday. The Japanese utility may increase U.S. LNG procurement as it is seen as an attractive supply source, Nobuhiro Sugesawa, senior managing executive officer, told Reuters on the sidelines of the Japan Energy Summit conference.
