Tag: Oil

Global stocks and oil extend gains over hopes of economic recovery

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Global stocks and oil extend gains over hopes of economic recovery

World stocks and oil prices have surged, hopes for a rapid global economic recovery from the coronavirus pandemic and continued support from central banks have helped offset increased geopolitical risks. On Wednesday, at the start of the session in Asia-Pacific, the Japanese benchmark Topix rose 0.6%, the Hang Seng in Hong Kong by 1.2% and ….  Read More

Markets-Prudence in sight in Europe with the continued fall in oil

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Markets-Prudence in sight in Europe with the continued fall in oil

* European indices expected to rise slightly     * Oil falls again, an ETF sells all of its contracts in June     * US futures in the red after a session in the green on Monday     by Blandine Henault     PARIS, April 28 (Reuters) – The main European stock exchanges should open on a cautious note Tuesday, the ….  Read More

Un chevalet de pompage, utilisé pour l'extraction de pétrole, au sud de Los Angeles, le 21 avril 2020  (AFP - Frederic J. BROWN)

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The unrestrained search for storage, revealing the oil shock

Where to store the crude? The problem frightens an oil market flooded with barrels while demand is wiped out by containment measures and the almost complete cessation of world travel, consequences of the coronavirus pandemic. The question has become so pressing in recent days on the markets that prices have plunged into the negative: investors ….  Read More

The unrestrained search for storage, revealing the oil shock

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The unrestrained search for storage, revealing the oil shock

Grangemouth oil refinery, Scotland, April 21, 2020 / AFP Where to store the crude? The problem frightens an oil market flooded with barrels while demand is wiped out by containment measures and the almost complete cessation of world travel, consequences of the coronavirus pandemic. The question has become so pressing in recent days on the ….  Read More

Australia takes advantage of oil plunge to build up reserves

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Australia takes advantage of oil plunge to build up reserves

Australia announced Wednesday that it intends to take advantage of the historically low price of oil to build up a strategic reserve of black gold to be located in the United States. With containment measures imposed to halt the spread of Covid-19, international demand for oil fell and prices plummeted. The economic situation is therefore ….  Read More

© Reuters. LES BOURSES ÉUROPÉENNES ÉVOLUENT EN HAUSSE

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Stock market Europe recovers but oil continues to plunge By Reuters

© Reuters. EUROPEAN SCHOLARSHIPS ARE GROWING by Laetitia Volga PARIS (Reuters) – The main European stock markets are rebounding Wednesday in the first exchanges after the rout of the day before in the wake of the collapse in oil prices. In Paris, the gain 0.57% to 4 382.14 points around 8:35 GMT. In Frankfurt, it ….  Read More