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Yahoo
a day ago
- Business
- Yahoo
Rapidan Energy Group Expands Team with Addition of Three Industry Veterans
WASHINGTON, June 11, 2025 /PRNewswire/ -- Rapidan Energy Group is proud to announce the addition of Richard W. Powers, Bryson L. Rexwinkle, and Kenya Schott to its team. These new hires reflect the firm's continued growth and commitment to delivering forward-looking energy market, policy, and geopolitical data and research to clients worldwide. Richard W. Powers, joining Rapidan in New York City as Vice President of Business Development, brings over three decades of international financial and data services sales experience, most recently as a Senior Sales Executive at S&P Global. A former top producer and Sales Excellence Award winner, Richard pioneered the sale of maritime trade data as alternative data to hedge funds and closed several multimillion-dollar deals with major banks. Prior to S&P Global, he had an impressive 20-year tenure at Bloomberg LP, where he led major institutional accounts, launched innovative financial solutions, and mentored sales teams across the U.S., Australia, and New Zealand. Richard holds a Bachelor of Science in Business Administration from The Ohio State University. Bryson L. Rexwinkle joins Rapidan in Houston as Vice President of Business Development and brings deep experience in the energy sector, having previously served as Sales Manager for New Business at Energy Aspects. Bryson has a proven track record of developing and growing client relationships across North America, from traders to C-suite executives. His background includes business development roles at Hart Energy and a successful entrepreneurial venture as a licensed home inspector. Bryson holds dual bachelor's degrees in Business Administration and Communication Studies from the University of Kansas. Kenya Schott joins Rapidan as an Energy Analyst, bringing a strong background in energy economics and market research. She previously held analyst roles at the U.S. Energy Information Administration, where she focused on natural gas, LNG, and upstream energy trends, and at the Federal Reserve Bank of Dallas, where she authored market insights and contributed to oil, gas and renewables analysis. Kenya holds a Master's in Economics from Southern Methodist University and a Bachelor's from Whitman College. "We're thrilled to welcome Richard, Bryson and Kenya to Rapidan," said Bob McNally, Founder and President of Rapidan Energy Group. "Their experience and insight will be instrumental in expanding our reach and delivering value to our clients at a time of unprecedented complexity in global energy markets, policy, and geopolitics." About Rapidan Energy Group Rapidan Energy Group provides differentiated and actionable insights on energy markets, policy, and geopolitics. We help leading corporations and financial firms identify opportunities and manage risks in the global energy industry and markets. For more information, please visit For more information on Rapidan's subscription and bespoke research services, please contact us at insight@ Media Contact: View original content to download multimedia: SOURCE Rapidan Energy Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
a day ago
- Business
- Time of India
Supply squeeze: US oil output growth set to falter in 2025; S&P warns of sharp 2026 decline amid global glut
The United States, long the engine of global crude supply growth, is expected to face a steeper-than-expected slowdown in production growth in 2025 and a sharper decline in 2026, according to S&P Global Commodity Insights' latest short-term outlook. Tired of too many ads? go ad free now The report warns that the US will be "disproportionately impacted" by a looming global oil surplus and weakening demand, factors that are set to weigh heavily on prices and shift market dynamics. The projection comes on the heels of OPEC+ members deciding to fast-track the rollback of production cuts, adding further pressure on global supply balances. S&P Global anticipates year-on-year global crude oil and condensate production to rise by 2.2 million barrels per day in the second half of 2025, while demand is projected to grow by just 390,000 barrels per day over the same period. 'Annual global oil demand growth in 2025 is expected to average only 770,000 barrels per day—its weakest pace since 2001, excluding major downturns,' the report noted, pointing to a slowdown in consumption growth not seen since the global financial crisis or the pandemic years. Jim Burkhard, Vice President and Global Head of Crude Oil Research at S&P Global, said the market is highly vulnerable: 'The oil price is currently defenseless. Seasonal demand in the northern hemisphere summer may obscure the impact for a bit, but eventually there will be too much crude oil in the market absent a change in production trends.' As a result, the outlook for benchmark oil prices has been revised downward, with Dated Brent expected to hover between the mid-$60s and $50 per barrel, and West Texas Intermediate (WTI) potentially falling into the upper $40s. Among non-OPEC producers, the US is forecast to take the biggest hit, with growth slowing more than in countries like Canada, Guyana, or Brazil. Tired of too many ads? go ad free now Ian Stewart, Associate Director at S&P Global Commodity Insights, noted that weak US crude supply growth could shift market sentiment. 'The United States has been the biggest source of supply growth in recent years and a factor in OPEC+ supply restraint. Signs of weak US crude supply growth and decline could begin to alter oil market psychology,' he said, adding that outcomes will also hinge on future OPEC+ production decisions and global demand conditions
Time of India
a day ago
- Business
- Time of India
US oil production to fall by 640,000 bpd by end-2026 amid surplus, demand slowdown: S&P Global
New Delhi: The United States is likely to see its oil production fall by 640,000 barrels per day (bpd) by the end of 2026 from mid-2025 levels, according to S&P Global Commodity Insights , which cited a weaker demand environment and an oversupplied global market as key drivers. S&P Global's latest Global Crude Oil Markets Short-term Outlook projects US oil production to average 13.34 million bpd in 2025, a growth of 131,000 bpd over the previous year, but 122,000 bpd lower than its earlier forecast. Production is expected to decline to 12.96 million bpd in 2026, marking the first year-on-year drop since 2020 and a fall of 378,000 bpd from previous projections. 'By the end of 2026, US oil production could be down 640,000 bpd from what it was in mid-2025,' the report stated. The outlook also highlighted that year-on-year global crude oil and condensate production is expected to grow by 2.2 million bpd in the second half of 2025. In comparison, demand is projected to increase by only 390,000 bpd over the same period. Total global liquids demand growth for 2025 is expected to average 770,000 bpd—its lowest annual increase since 2001, excluding the financial crisis of 2008–09 and the COVID-19 pandemic in 2020. This widening gap between supply and demand has prompted S&P Global to revise its crude price forecast. Dated Brent is expected to trade between mid-$60s and $50 per barrel for a period, while West Texas Intermediate (WTI) may drop to the low $60s or upper $40s. 'The oil price is currently defenseless. Seasonal demand in the northern hemisphere summer may obscure the impact for a bit, but eventually there will be too much crude oil in the market absent a change in production trends,' said Jim Burkhard, Vice President and Global Head of Crude Oil Research at S&P Global Commodity Insights. S&P Global noted that US shale production, due to its higher sensitivity to price signals, is more vulnerable than other sources of non-OPEC supply such as Canada, Guyana, and Brazil. 'In a lower price environment, US operators are likely to protect shareholder returns by reducing upstream spending. The result is a deceleration in growth to end the year, with the greatest impacts to production coming in 2026,' Burkhard said. Ian Stewart, Associate Director at S&P Global Commodity Insights, said, 'The United States has been the biggest source of supply growth in recent years and a factor in OPEC+ supply restraint. Signs of weak US crude supply growth and decline could begin to alter oil market psychology. However, much will still depend on the future course of OPEC+ production and oil demand.' The report follows the recent decision by OPEC+ members to accelerate the unwinding of production cuts. This, combined with output growth from other regions, is expected to add further pressure on prices. S&P Global added that a significant decline in US production could contribute to a potential price recovery in the future, depending on demand growth and production policy adjustments by OPEC+ and other major producers.
Zawya
a day ago
- Business
- Zawya
S&P and Moody's upgrade Emaar's credit ratings, citing strong financial performance and robust revenue visibility
-Moody's upgrades Emaar's rating to Baa1 with Stable Outlook Dubai, United Arab Emirates: Emaar Properties PJSC (DFM: EMAAR), one of the world's most valuable and respected real estate development companies, has announced that both S&P Global Ratings and Moody's Ratings have upgraded the company's long-term issuer credit ratings, reinforcing Emaar's position as a financially resilient and strategically agile market leader. S&P Global Ratings upgraded its long-term issuer credit rating to BBB+ from BBB, with a stable outlook, while Moody's upgraded Emaar's long-term issuer rating to Baa1 from Baa2, also with a stable outlook. These upgrades reflect Emaar's robust financial fundamentals, consistent performance, and sound strategic direction. The same S&P and Moody's rating upgrade has been applied to Emaar's senior unsecured debt. Strong Financial Position and Strategic Execution As of March 2025, Emaar reported a revenue backlog of approximately AED 127 billion (US$ 34.6 billion), providing strong revenue and cash flow visibility through 2028. The company's recurring income portfolio continues to expand, supported by disciplined execution, resilient operations, and diversified income streams. S&P's upgrade was driven by Emaar's record-high backlog of AED 110 billion (US$ 29.9 billion) as of December 2024, and healthy presales in the UAE of AED 65.4 billion (US$ 17.8 billion) during 2024, alongside a net cash position, low leverage, and strong adjusted EBITDA margins. Moody's highlighted significant reduction in adjusted debt of Emaar from 2020 to March 2025 and the drop in debt to equity ratio over the same period. Commenting on the announcements, Mohamed Alabbar, Founder of Emaar, said: "We are proud to receive this recognition from both S&P and Moody's, which underscores the strength of our strategy, the quality of our assets, and the discipline we maintain in financial management. These upgrades reflect not only our performance, but also the confidence in Dubai's economy and real estate market. We will continue to pursue sustainable growth, innovation, and value creation for our shareholders and stakeholders alike." Liquidity and Resilience Emaar reported an interest coverage ratio of approximately 24 times for the twelve months ending March 2025 and holds AED 25.4 billion (US$ 6.9 billion) in cash (excluding escrow balances), along with AED 7.4 billion (US$ 2 billion) in undrawn committed credit facilities, providing ample liquidity and financial flexibility. S&P noted that Emaar's strong mall, hospitality, and entertainment operations, in addition to the resilience of its real estate development business, contributed to the rating action. Dubai Mall, for instance, recorded over 111 million visitors in 2024, with overall mall portfolio occupancy of 98.5%, showcasing the strength of Emaar's recurring income-generating assets. Outlook Both agencies issued a stable outlook, reflecting their expectation that Emaar will maintain solid credit metrics, strong liquidity, and continued operational performance. These dual upgrades reinforce Emaar's reputation as a leading player in the global real estate sector, anchored in a dynamic and fast-growing market. For all media queries, please contact: PR@ About Emaar Properties Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world's largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets. With a proven track-record in delivery, Emaar has delivered over 120,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 40 hotels and resorts with over 9,800 keys (includes owned as well as managed hotels). Today, 32 percent of Emaar's revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses. Burj Khalifa, a global icon, Dubai Mall, the world's most-visited retail and lifestyle destination, and Dubai Fountain, the world's largest performing fountain, are among Emaar's trophy destinations. Follow Emaar on:
Bloomberg
a day ago
- Business
- Bloomberg
Falling Australian Iron Ore Quality Sparks Grade Benchmark Tweak
The iron ore industry's key pricing benchmark for seaborne cargoes will be lowered as the quality of supplies from biggest exporter Australia worsens. Platts, part of S&P Global Commodity Insights, will in January change its IODEX iron ore benchmark to 61% iron content from the current 62%, according to a notice to members on Tuesday. It also plans to update its 62.5% China iron ore spot lump premium benchmark to 62%.
