Demand for oil to fall at record rate in 2020 - IEA
16th Jun 2020 11:31
(Sharecast News) - Global demand for oil is set to fall at the fastest rate in history this year, a closely-watched industry report has predicted, before rebounding in 2021.
Read moreThursday broker round-up
4th Jun 2020 14:03
(Sharecast News) - IWG: RBC Capital Markets downgrades to sector performer with a target price of 325p.
Read moreShell considers $2bn sale of stake in Queensland facilities
3rd Jun 2020 10:00
(Sharecast News) - Royal Dutch Shell is considering raising more than $2bn from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, reported Reuters on Wednesday.
Read moreBA and Shell provide £1m for Velocys clean fuel plant
12th May 2020 10:15
(Sharecast News) - Velocys said it had secured a further £1m of funding for its Altalto waste-to-fuels project from British Airways and Royal Dutch Shell.
Read moreBP boss says crisis could be 'peak oil' moment
12th May 2020 09:06
(Sharecast News) - The Covid-19 crisis could mark the passing of "peak oil" demand as businesses spend less on travel and employees work from home, BP's new boss said.
Read moreSome Italian patients report improvement after receiving blood plasma
4th May 2020 18:10
(Sharecast News) - A report surfaced on Monday pointing to clinical benefits from what some observers touted as potentially one of the most promising treatments for the Covid-19 coronavirus.
Read moreThursday preview: ECB, Shell in focus
29th Apr 2020 16:54
(Sharecast News) - The focus in financial markets on Thursday will shift back towards the euro area where policymakers at the European Central Bank are due to announce their latest policy decisions.
Read moreWTI oil futures bounce as API reports smaller than expected stockpile build
29th Apr 2020 11:46
(Sharecast News) - Crude oil futures were trading higher on Wednesday on either side of the Atlantic following the release of data showing a slightly smaller than expected build in US stockpiles.
Read moreShare buybacks face resistance in post-Covid world
24th Apr 2020 12:13
(Sharecast News) - Share buybacks already had a dubious reputation before the Covid-19 crisis but that didn't stop companies purchasing more and more of their own shares in the market.
Read moreWeekly US oil inventories jump, imports slip
22nd Apr 2020 18:03
(Sharecast News) - US crude oil inventories registered another sharp rise during the previous week, although there were some slight signs that market fundamentals were aligning themselves with the reduced amount of storage capacity left.
Read moreWTI higher as Trump threatens to destroy Iranian gunboats
22nd Apr 2020 15:50
(Sharecast News) - President Trump threatened on Wednesday to destroy any Iranian gunboats that harassed US ships at sea, triggering a so-called 'short squeeze' in US oil futures according to analysts.
Read moreWednesday preview: US oil inventories, Fevertree in focus
21st Apr 2020 16:13
(Sharecast News) - Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.
Read moreTuesday broker round-up
21st Apr 2020 13:52
(Sharecast News) - Wetherspoons: Jefferies upgrades to buy with a target price of 1,150p.
Read moreEurope midday: Oil patch weakness offsets news Italy to 'significantly' ease lockdown
21st Apr 2020 13:01
(Sharecast News) - Stocks on the Continent had fallen further into the red in early afternoon trading as investors tried to fathom what might lie in store next for oil markets after the previous day's rout in prices.
Read moreEurope open: Stocks caught in downdraft from oil price collapse
21st Apr 2020 11:07
(Sharecast News) - Stocks on the Continent are trading lower, dragged down by the oil patch as markets price-in the reality of several months of exceedingly weak global oil demand.
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