European stocks stabilise following US-China trade war escalation June 3, 2019 European stocks stabilised following a slump this morning sparked by the escalation of the trade war between the US and China, the world’s two largest economies. The FTSE 100 was trading 0.16 per cent up this afternoon after falling 1.09 per cent to 7,084.5p in the morning. Dax, which tracks 30 major German companies, was up 0.3 [...]
Oil prices slump three per cent to post biggest monthly loss of 2019 June 1, 2019 Oil prices fell by more than three per cent on Friday, posting its biggest monthly drop of the year. It came in the wake of Donald Trump’s threats to impose tariffs on Mexico, a major supplier of crude oil. Read more: Oil prices fall on fears of escalating US-China trade war Brent crude prices fell $2.38 [...]
Oil prices fall two per cent on fears of escalating US-China trade war May 29, 2019 Oil prices fell this morning, losing around two per cent of their value and dipping below the $70 per barrel line as worries over the US-China trade war spooked investors. International standard Brent Crude dropped around two per cent to $68.74 at just before midday after reaching day-lows of $68.47 per cent earlier. Read more: [...]
Global markets sink into the red as technology front opens up in US-China trade war May 23, 2019 Global stock markets fell into the red today as investors’ fears over the US-China trade war intensified. Read more: FTSE 100 falls sharply amid trade war and Brexit turmoil Stocks were spooked by the prospect of the two countries’ technology sectors being dragged deep into the fray, as well as by fighting talk from the [...]
Brent crude oil prices plummet nearly five per cent after US inventories surge May 23, 2019 Brent crude prices dropped below $68 per barrel for the first time in almost two months today, putting pressure on FTSE-listed explorers, after US inventories surged to their highest point in nearly two years. The international standard lost more than $3 over the day, a 4.75 per cent drop, trading at $67.77 in the mid afternoon. [...]
Oil driller Enquest shares fall despite hitting upper end of guidance May 23, 2019 Shares took a beating at North Sea driller Enquest this morning despite the company hitting the upper end of its production guidance. Output rose 25 per cent in the first four months of the year, to 69,973 barrels of oil equivalent per day, just below the upper ceiling of its 63,000 to 70,000 barrel 2019 [...]
Oil prices tick up as Opec signals it will keep production down in second half of the year May 20, 2019 Oil prices rose this morning as traders returned to work after Saudi Arabia said Opec still plans to decrease its inventories of crude oil. Saudi energy minister Khalid al-Falih said the oil-producing cartel had discussed rolling over production cuts into the second half of the year. Read more: Exxon decision to evacuate staff from Iraq [...]
Eurozone core rate revised up as inflation hits estimates May 17, 2019 Eurozone prices rose by 1.7 per cent in April, in line with previous forecasts, while core inflation beat expectations. Consumer prices in the bloc rose 1.7 per cent higher year-on-year from 1.4 per cent in March, according to EU statistics agency Eurostat. Read more: Eurozone trade surplus grows in sign of recovery for struggling area [...]
Premier Oil raises guidance on rising oil price and strong production May 16, 2019 Premier Oil rallied today as it upgraded its production guidance and paid down debt, causing one analyst to call its shares “massively mispriced.” Production so far this year has reached just over 85,000 barrels of oil equivalent per day, a 14 per cent rise year-on-year, and considerably higher than 2019 guidance at 75,000. Read more: [...]
Oil surplus set to crash into deficit, energy agency warns as US sanctions take countries offline May 15, 2019 Opec suppliers could have to step in to meet a “highly likely” deficit in global oil markets, the International Energy Agency (IEA) has warned months after the oil producing cartel slashed production. The deficit could reach around 700,000 barrels of oil per day, the IEA said, the same size as the surplus in the first [...]