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

WTI, Brent Edge Lower in Choppy Trade

2 weeks ago | rigzone.com | Devika Kumar |Christopher Charleston

Oil edged lower in a choppy session as broader financial markets weakened and uncertainty lingered about whether sanctions on Iran will be loosened or tightened. Prices whipsawed after Iran’s supreme leader expressed skepticism over discussions with the US, further denting expectations of an agreement on his country’s nuclear program.
Oil Edges Down in Choppy Trade as Investors Seek Clarity on Iran

2 weeks ago | bloomberg.com | Devika Kumar |Christopher Charleston

(Bloomberg) -- Oil edged lower in a choppy session as broader financial markets weakened and uncertainty lingered about whether sanctions on Iran will be loosened or tightened. Prices whipsawed after Iran’s supreme leader expressed skepticism over discussions with the US, further denting expectations of an agreement on his country’s nuclear program.
Oil Falls as Trump Says Ukraine, Russia to Start Ceasefire Talks

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

(Bloomberg) -- Oil prices fell as US President Donald Trump said that Ukraine and Russia would begin talks “immediately” on ending their war after a phone call with Russian President Vladimir Putin on Monday. Brent traded near $65 a barrel, while West Texas Intermediate eased to trade around $62 a barrel. Oil had earlier declined with other risk assets after Moody’s Ratings stripped the US government of its top credit rating.
Oil Ends Higher After Volatile Day Amid Ukraine Ceasefire Talks

2 weeks ago | bloomberg.com | Alex Longley |Devika Kumar |Christopher Charleston

Oil drilling rigs near Stanton, Texas. (Bloomberg) -- Oil ended the session slightly higher following a volatile day of trading as investors look for clues about Russia-Ukraine truce talks and a potential nuclear deal with Iran. Brent futures traded higher to settle near $65.50. West Texas Intermediate also rose. US President Donald Trump said that Ukraine and Russia would begin talks “immediately” on ending their war after a phone call with Russian President Vladimir Putin on Monday.
Hedge Funds Boost Bullish Bets on Brent on US-China Trade Truce

3 weeks ago | bloomberg.com | Devika Kumar

A tanker truck drives past a pump jack in the Permian Basin area of Loving County, Texas, U.S., on Saturday, Dec. 15, 2018. Once the shining star of the oil business, gasoline has turned into such a drag on profits that U.S. refiners could be forced to slow production in response. Photographer: Angus Mordant/Bloomberg(Bloomberg) -- Hedge funds boosted bullish bets in Brent crude to the highest in five weeks as the world’s two biggest economies ratcheted down trade tensions.
Millennium Senior Energy Trader Brian O’Hara Departs Hedge Fund

3 weeks ago | news.bloomberglaw.com | Devika Kumar

Millennium Management senior energy portfolio manager Brian O’Hara is leaving the hedge fund giant after nearly three years with the firm, people familiar with the matter said. O’Hara has a background in power trading and was based in Connecticut, the people said, asking not to be named discussing private matters. He was previously the global head of commodities at energy merchant Six One Commodities and a senior portfolio manager at commodity trader Mercuria.
Oil Climbs as Iran Casts Doubt on US Nuclear Deal Negotiations

3 weeks ago | bloomberg.com | Devika Kumar |Christopher Charleston |Alex Longley

Production facilities for ethane, methanol and sulfur petrochemicals stand at the Bushehr Petrochemical Co. plant during construction work in the Pars Special Economic and Energy Zone in Asaluyeh, Iran, on Monday, July 8, 2019. Shipping in the Middle East is getting ever riskier, with a standoff between the U.K. navy and Iran just the latest in a line of incidents in the region over the past few months.
Oil Slips as Trump Eyes Iran Deal

3 weeks ago | rigzone.com | Devika Kumar |Christopher Charleston

Oil fell for a second day after President Donald Trump said the US and Iran are getting closer to a deal regarding Tehran’s nuclear program, a move that could unleash more supplies onto a market that is rapidly approaching a glut. Brent fell more than 2% to settle below $65. US crude futures also slid. If all sanctions on Iran are lifted, a flood of crude could hit global markets, analysts estimated.
Oil Falls as Potential for Fresh Iranian Supplies Adds to Gloom

3 weeks ago | bloomberg.com | Devika Kumar |Christopher Charleston

(Bloomberg) -- Oil fell for a second day after President Donald Trump said the US and Iran are getting closer to a deal regarding Tehran’s nuclear program, a move that could unleash more supplies onto a market that is rapidly approaching a glut. Brent fell more than 2% to settle below $65. US crude futures also slid. If all sanctions on Iran are lifted, a flood of crude could hit global markets, analysts estimated.
Predictions That US Shale Oil Is at Peak Production May Be Premature -- Again

4 weeks ago | bloomberg.com | Devika Kumar

If there’s a lesson to be learned from the past two decades, it’s that no one should write off the growth prospects of the US onshore business. This article is for subscribers only. Welcome to our guide to the commodities markets powering the global economy. Today, Devika Krishna Kumar, who leads our Americas oil trading team, explains how the domestic shale industry bounced back stronger from previous market downturns.