US oil slides back into negative territory as turmoil continues
21st Apr 2020 11:04
(Sharecast News) - The price of oil for May delivery slid back into negative territory on Tuesday, as modest improvements overnight receded and June contracts started to come under pressure.
Read moreHistoric rout in WTI futures amid fire sale ahead of expiry
20th Apr 2020 21:38
(Sharecast News) - US crude oil futures crashed at the start of the week with the price of West Texas Intermediate falling below zero for the first time ever.
Read moreJP Morgan stays at 'neutral' on Petrofac despite cancellation of Dalma contract
20th Apr 2020 13:00
(Sharecast News) - Analysts at JP Morgan stuck to their 'neutral' recommendation for shares of Petrofac, despite news that the Abu Dhabi National Oil Corporation had cancelled the $1.5bn Engineering, Procurement and Construction for the Dalma Gas Development Project.
Read moreEurope midday: Stocks move lower as WTI oil futures crater
20th Apr 2020 12:48
(Sharecast News) - Early gains for stocks across the Continent have evaporated amid a continued slide in US oil futures and as investors continue to monitor the news-flow around the Covid-19 pandemic.
Read moreShell steps up net-zero emissions actions
16th Apr 2020 09:03
(Sharecast News) - Royal Dutch Shell said it was stepping up its activities to become carbon neutral to respond to heightened concerns about oil companies' impact on the climate.
Read moreUS import prices drop as energy price crash like in 2008
14th Apr 2020 13:57
(Sharecast News) - The cost of imported goods in the States fell sharply last month as energy prices crashed.
Read moreOPEC+ 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 moreThursday broker round-up
2nd Apr 2020 13:03
(Sharecast News) - Unilever: Barclays upgrades to equal weight with a target price of 4,420p.
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.
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