OPEC+ clinches output deal, Russia and Saudi end price war
12th Apr 2020 21:27
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its key allies managed to pull a rabbit out of the hat at the last minute - defying skeptics.
Read moreSaudi and Russian Federation agree on oil output cuts, Journal says
9th Apr 2020 16:57
(Sharecast News) - Moscow and Riyadh have reached an agreement in principle to cut their crude oil output.
Read moreNorway may join OPEC+ in cutting output, Canada will dial into summit
5th Apr 2020 21:20
(Sharecast News) - Norway may cut its oil production alongside other major producers if an agreement for a significant combined reduction can be reached.
Read moreBrent futures jump again after report Russian firms ready to cut
3rd Apr 2020 14:08
(Sharecast News) - Crude oil futures extended the previous day's rally following reports that Russian oil producers were prepared to reduce their own output to help stem the rout in prices.
Read moreBrent oil spikes higher after Trump says Russia and Saudi will cut output
2nd Apr 2020 16:12
(Sharecast News) - Traders in Brent crude oil endured a roller coaster-like session after the US President said Russia and Saudi had agreed to restrain their combined output, but Russian officials quickly appeared to call that into doubt, at least in part.
Read moreFTSE 100 movers: Shell and BP pace gains as Brent surges 24%
2nd Apr 2020 15:52
(Sharecast News) - US President Donald Trump triggered a sharp rally in crude oil futures on Thursday after doubling-down on his optimism regarding a detente between Russia and Saudi in their oil price war.
Read moreEurope midday: Stocks buoyed by rally in crude oil futures
2nd Apr 2020 13:29
(Sharecast News) - Stocks on the Continent are keeping their heads above water following the previous day's thrashing, helped by a rebound in oil futures, even as investors kept a close eye on the economic fallout of the Covid-19 pandemic.
Read moreChinese Covid-19 statistics intentionally incomplete, US intelligence says
2nd Apr 2020 00:18
(Sharecast News) - US intelligence has concluded that China did not reveal the true extent of the Covid-19 coronavirus pandemic in the country on purpose.
Read moreTrump warns of 'painful' weeks ahead as coronavirus crisis hits US hard
1st Apr 2020 11:47
(Sharecast News) - US President Donald Trump warned of "painful" and "tough" two weeks ahead as he extended the social distancing measures across the country while predicting around 100,000 to 240,000 deaths from the Covid-19 pandemic.
Read moreBP warns on profits; Writes down $1bn, cuts capex, shale output
1st Apr 2020 09:05
(Sharecast News) - Oil giant BP said it would write down around $1bn and cut capital expenditure in the first quarter as it warned of a profit hit from the slump in demand as countries implemented measures to address the Covid-19 pandemic.
Read moreFTSE 100 movers: Air travel stocks, insurers pace gains
25th Mar 2020 16:50
(Sharecast News) - Shares in air travel-related and insurance companies paced gains on the top-flight index as it extended the previous day's bear market rally amid bargain hunting.
Read moreFTSE 100 risers: Oil majors, insurers power 'bear market' rally
24th Mar 2020 16:24
(Sharecast News) - Shares of oil majors BP and Royal Dutch Shell powered Tuesday's bear market rally on the Footsie, alongside big advances for insurers and some beaten down travel stocks.
Read moreEurope open: Stocks bounce on stimulus hopes, oil and gas shares jump
24th Mar 2020 11:10
(Sharecast News) - Stocks are putting in a decent bounce across the Continent, buoyed by reports of further fiscal stimulus in the pipeline.
Read moreThursday broker round-up
19th Mar 2020 11:33
(Sharecast News) - Barratt Developments: Jefferies upgrades to buy with a target price of 729p.
Read moreOil prices in fresh falls as lockdown fears weigh heavily
18th Mar 2020 11:05
(Sharecast News) - Oil prices have taken a fresh pounding, as the growing global lockdown and souring of relations between Saudi Arabia and Russia weigh heavily.
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