Latest Commodities news
Blue-chip retailers sold off after Debenhams update
European shares were trading higher for a second straight day Thursday, continuing the global stocks rally and gaining support from still rising oil prices and some better-than-expected US car sales data.
BHP in focus amid prospects for Samarco exit
Oil financing company Oleum Capital is launching an ICO comprised of both digital tokens and securities that will list outside of Canada.
The oil price is rising again Tuesday, on slower output fears and amid expectations that US oil inventories fell again, last week.
Norwegian resources giant Statoil, has confirmed a 25% purchase of the Roncador oil field owned by Petrobas. The deal will almost triple Statoil’s south American output and forms part of Statoil’s long-term strategic planning.
The oil price is higher Friday, as the Forties pipeline closure continues to add to upward pressure on oil stocks. Oil price gains come despite news of rising US oil output.
European shares were trading mostly in the green shortly after midday Tuesday, as the higher oil price meant many energy-related stocks made gains. However, positivity was tempered a little as US Fed policy makers begin their two-day rate-setting meeting, later.
The oil price topped $65 per barrel Tuesday, a price not achieved since 2015, on news a major North Sea pipeline would be shutdown for ‘a matter of weeks’. The news exacerbates growing output concerns on geopolitical tensions and pushed the price of Brent Crude and US WI oil higher.
Lloyds discussed mergers with other banks
The oil price turned positive in early Monday afternoon trading, reversing an earlier fall. Oil production related news was mixed, with likely rising US production countering geopolitically-output related news elsewhere.
The oil price is rising again Friday and looks likely to end the week little changed from where it began, despite earlier price falls. Renewed support has come in the form of higher Chinese oil imports data and the threat of a strike by one Nigeria’s main oil worker unions.
The oil price is edging higher Thursday, as investors shrug off news that US oil production rose last month. Meanwhile, news that oil stocks fell, helped push prices higher.
The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018
The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of 2018
Oil prices rose after OPEC and non-OPEC members Thursday agreed to extend the current output cap, until the end of 2018. The group also stated its intention to meet on June 21, to discuss the situation and make changes to the cap agreement, if required.
The oil price is rising Thursday, as reports suggest the output cap extensions has been agreed. No formal announcement has been made by OPEC.
Analysts remain bearish on Anglo-Dutch energy major
The oil price is edging lower again Wednesday, on news OPEC and non-OPEC delegates have discussed the likelihood of extending the current output cap through to the end of 2018, ahead of the Nov 30 Vienna meeting.
ODMCoin is looking to capitalize on the massive Russian oil reserves with a refining technology and an asset-backed digital token.
European shares were higher Tuesday as investor sentiment was buoyed by positive UK bank stress test results and Shell's oil price outlook.
US shares ended mixed Monday in their first day back after a four-day break. Retailers were upbeat but energy stocks lost ground.
Cash payout restored as group rebounds from crude prices slump
Total has agreed to sell its stake in two Norwegian oil fields to Statoil, for the sum of $1.45 billion. The deal comes as Total looks towards its forthcoming purchase of Maersk Oil.
the oil price is rising again Friday as the Keystone pipeline closure bites and as signs suggest an OPEC output cap extension could still go ahead.