Given the above-market conditions, we would review two stocks - Egdon Resources PLC (LON: EDR) & Empire Metals Limited (LON: EEE). Egdon Resources is an energy stock, whereas Empire Metals is a basic materials stock. EDR and EEE were up by abou...
Summary As per the industry experts, the British economy is expected to shrink by close to 10.1 percent in 2020. Growth of about 7.1 percent is expected next year. The Brent crude oil was trading at USD 42.98 per barrel up by 1.46 percent (as o...
The Fed’s buyback decision triggered the market as the FTSE-100 index increased by 3.56 per cent from the previous day close and was trading at 6,279.64. FTSE AIM All-Share index was trading at 879.49 and was up by 1.93 per cent (before the mar...
The oil prices topped three-months high last week; however, the weak demand and oversupply concern continues to trouble the market. Following were the major highlights of the oil-producing industry today (as on 10th June 2020, before the market close...
Coronavirus pandemic has not only hammered the financial market but has also badly impacted the demand for nearly all forms of fossil fuels-oil, gas, and coal. As per the International Energy Agency (IEA), demand for fossil fuel is estimated to crash...
Summary Current trend in the oil prices indicates a slow upward trend, recovering from a severe slump Oil producing companies are looking for ways to survive A gradual improvement in demand for the fuel in post lockdown era is expected Th...
The lockdown measures are being actively adopted by almost all the affected nations across the world to halt the spread of novel coronavirus. However, due to this lockdown, the demand for oil has reduced exceptionally. 20th April 2020 was the histori...
Sometimes it’s ironic in the way some industries continue to perform while the general economic conditions of a country are deteriorating. Not only do these companies prosper during these times, but often provide a counterbalance to the negativ...
There was a massive decline in the price of the crude oil as well as in the price of the various futures contracts of oil on 20th April 2020. The historic fall in price was primarily driven by a war of supply between OPEC+ countries and Russia, as bo...
In the history of oil market April 20, 2020, will be marked as "Black Monday", as, on that very fateful day, the US WTI Crude Futures Contract price fell below zero and charted a negative zone for the first time. The Future contract of WTI Crude Oil ...
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