U.S. Interior Department Says Postponing Gulf Of Mexico Oil And Gas Lease Sale That Was Originally Scheduled For Sept. 27
Portfolio Pulse from Benzinga Newsdesk
The U.S. Interior Department has announced the postponement of the Gulf of Mexico oil and gas lease sale that was originally scheduled for September 27.
September 26, 2023 | 3:51 pm
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NEGATIVE IMPACT
The postponement of the Gulf of Mexico oil and gas lease sale may impact EWW as it tracks the investment results of the MSCI Mexico IMI 25/50 Index, which includes energy companies.
The postponement of the lease sale could potentially affect the revenues of energy companies included in the MSCI Mexico IMI 25/50 Index, which EWW tracks. This could lead to a decrease in EWW's value.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The postponement of the Gulf of Mexico oil and gas lease sale may impact UNG as it is an ETF that invests in natural gas futures.
The postponement of the lease sale could potentially affect the natural gas futures market, which UNG invests in. This could lead to a decrease in UNG's value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
The postponement of the Gulf of Mexico oil and gas lease sale may impact USO as it is an ETF that invests in oil futures.
The postponement of the lease sale could potentially affect the oil futures market, which USO invests in. This could lead to a decrease in USO's value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70