Devika Kumar

New York

Deputy Team Leader, Oil Trading at Bloomberg News

Oil markets correspondent @business. Ex @Reuters. RTs not endorsements; all opinions mine. [email protected]

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Articles

Los precios del petróleo suben luego de que Trump pausara aranceles a algunos países

2 weeks ago | bloomberglinea.com | Devika Kumar

Bloomberg — El petróleo subió después de que el presidente de Estados Unidos, Donald Trump, dijera que pausaría los aranceles durante 90 días sobre docenas de países que no han tomado represalias en su guerra comercial. El crudo Brent, de referencia mundial, avanzó a casi 65 dólares por barril después de haber caído por debajo de los US$60 por primera vez desde 2021. El West Texas Intermediate subió a más de US$61.
Petróleo cai abaixo de US$ 60 por barril, menor nível desde 2021, com guerra comercial

2 weeks ago | bloomberglinea.com.br | Alex Longley |Devika Kumar

Bloomberg — O petróleo caiu para o nível mais baixo em quatro anos, enquanto a intensificação da guerra comercial colocou em risco a demanda por energia, com uma nova onda de impostos dos EUA e da China ameaçando a economia global. Os futuros do Brent caíram abaixo de US$ 60 por barril pela primeira vez desde 2021, com o cobre e outras commodities também caindo. Os futuros do West Texas Intermediate foram negociados perto de US$ 57 por barril. As ações da BP, Shell, Exxon Mobil e Chevron caíram.
Crude Prices Surge After Market Rally

2 weeks ago | rigzone.com | Devika Kumar

Oil prices surged for the first time since US President Donald Trump launched a trade war against most of America’s trading partners as some countries won a brief reprieve on Wednesday. Global benchmark Brent crude advanced above $65 a barrel after plunging for four sessions and slipping below $60 for the first time since 2021. West Texas Intermediate climbed to above $61. Trump announced a 90-day pause on higher reciprocal tariffs that hit dozens of trade partners after midnight.
Oil’s Collapse Deepens Below $60 as China Hikes Tariffs on US

2 weeks ago | ca.finance.yahoo.com | Alex Longley |Devika Kumar

(Bloomberg) -- Oil plunged to a four-year low as an intensifying trade war endangered energy demand, with a fresh wave of US and Chinese levies menacing the global economy. Brent futures tumbled below $60 a barrel for the first time since 2021 as copper and other commodities also slid. West Texas Intermediate futures traded near $57 a barrel. Shares of BP Plc, Shell Plc, Exxon Mobil Corp. and Chevron Corp. slumped.
Oil Prices Advance as Trump Pauses Tariffs on Some Countries

2 weeks ago | bloomberg.com | Devika Kumar

The Deer Park Complex oil refinery and petrochemical plant, owned by Petroleos Mexicanos (PEMEX), in Houston, Texas, US, on Saturday, March 8, 2025. Some 40% of the crude oil processed at US refineries is imported, and Canada and Mexico, the No. 1 and No. 2 foreign suppliers of oil to the US, respectively, together deliver more than two-thirds of that oil.
Bloomberg Commodity Spot Index Caps Biggest Two-Day Drop Since 2011

2 weeks ago | bloomberg.com | Millie Munshi |Devika Kumar

Commodity prices continued to collapse on Friday, collectively falling by 4.4% as Donald Trump’s trade war fueled concerns about the outlook for demand. The Bloomberg Commodity Spot Index, a gauge comprising 22 raw materials, has now dropped 6.8% since Wednesday, the biggest two-day loss since September 2011.
Citadel Expands Further in US Natural Gas With $1 Billion Deal

1 month ago | financialpost.com | Devika Kumar |Ruth Liao

The hedge fund, led by Ken Griffin, agreed to buy assets from closely held Paloma Natural Gas LLC in a deal valued at about $1 billion, people familiar with the matter said. The acquisition gives Citadel access to acreage and producing assets, though it will not operate them directly. While Citadel is already one of the most active traders of physical gas in the country, a foray into the drilling and production side of the industry is relatively unusual for a hedge fund.
Citadel Expands Further in US Natural Gas With $1 Billion Deal

1 month ago | bloomberg.com | Devika Kumar |Ruth Liao

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Citadel Expands Further in US Natural Gas With $1 Billion Deal

1 month ago | news.bloombergtax.com | Devika Kumar |Ruth Liao

Citadelmade one of its biggest investments yet in the physical US natural gas market, expanding in one of its most profitable business areas. The hedge fund, led by Ken Griffin, agreed to buy assets from closely held Paloma Natural Gas LLC in a deal valued at about $1 billion, people familiar with the matter said. The acquisition gives Citadel access to acreage and producing assets, though it will not operate them directly.
Top Oil Traders Turn Bearish on Prices, Seeing Oversupply

1 month ago | energyconnects.com | Devika Kumar

The mood at Houston’s big annual oil and gas get-together has been upbeat on the prospects for the industry under a fossil fuel-friendly Trump administration. But there’s a significant catch: some of the biggest oil traders are getting more bearish on the outlook for crude prices. While they don’t see the prospect of a crash, top traders including Vitol and Gunvor said prices could grind lower as supply starts to outstrip demand.