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Oil gas
Two FTSE All-Share Listed Resource Stocks Amidst Price War & Covid-19 Outbreak: Tullow Oil & Premier Oil
April 04, 2020 10:17 PM BST| By Team Kalkine MediaWhile the whole world is fighting a battle with a fatal disease Covid-19 contagion, the Oil & Gas Producers are also concerned with falling oil prices due to price war led by Russia and Saudi Arabia. When oil productions have gone down, facilitie...
Oil Prices Rise as Trump Expects Russia And Saudi Arabia To Settle the Dispute Soon
April 03, 2020 10:23 PM BST| By Team Kalkine MediaIts not only the Coronavirus outbreak which has put the whole world’s economy on the tenterhooks, but there is tensions flaring up in the oil market as well. Russia and Saudi Arabia, two of the world's largest oil producers, have been at each o...
Oil Markets In Freefall or will It Recover? We Investigate!
March 28, 2020 11:47 AM GMT| By Team Kalkine MediaOil Markets in freefall or will it recover? We investigate! This is an intricate position for the global economy that Oil, the World’s largest commodity, is much more than a trading commodity on the exchanges, it is “THE COMMODITY” which impacts the...
BP Plc Aims To Reduce Spending Following A Collapse In Oil Prices
March 16, 2020 03:34 PM GMT| By Team Kalkine MediaOn 13th March 2020, the Chief Executive officer of BP Plc (LON: BP.), Bernard Looney, stated that the company is searching for options to cut down on operational spending following the huge downtrend in oil prices, which has pushed its shares to thei...
The Latest On Troubles And Financials Of Tullow Oil Plc
March 14, 2020 10:10 AM GMT| By Team Kalkine MediaTullow Oil Plc in its final results for the 31st December 2019, has highlighted the disappointing period, driven by oil market woes, as the company reported a pre-tax profit of US $1.7 Billion. There were few other factors to this downfall as well, a...
Lower Crude Oil Price Regime: Boon for UK Economy While A Setback for Upstream Companies
March 11, 2020 04:11 PM GMT| By Team Kalkine MediaThe unprecedented drop in the international crude oil prices is a nightmare for the upstream oil companies. These are the companies who offer crude oil as the final product to their customers. However, a sharp slump in the oil prices may be good for...
Oil Price War and Coronavirus Pandemic Hit the Markets; Is It the Time to Bargain Hunt?
March 10, 2020 01:29 PM GMT| By Kunal SawhneyThe week began with a big swing on the London Stock Exchange, as the LSE’s FTSE 100 index crashed 485 points in a single day on 9th March 2020 after Saudi Arabia started an oil price war with Russia, by slashing oil prices by $6-8 a barrel. The jolte...
Crude in free fall as Saudi Arabia decides to cut oil prices
March 09, 2020 08:20 PM GMT| By Team Kalkine MediaCrude oil prices today lost more than 30 per cent of its value, to be trading at around US$33 per barrel at the time of writing this report. Last week, crude oil prices had breached US$ 50.00 per barrel mark on account of the downward revision in the...
What is Happening with Gold and Oil in this current state of Global economic Turmoil
March 01, 2020 10:00 AM GMT| By Team Kalkine MediaThe onset of the Coronavirus-related epidemic- like situation in China, just as the world was emerging out of the US-China Trade war imbroglio and the Brexit log jam, has pushed the world economy back into turmoil. Capital markets across the world ha...
Latest Result Highlights of Two FTSE Stocks - Rosneft Oil Company and RPS Group PLC
February 20, 2020 12:36 PM GMT| By Hina ChowdharyRosneft Oil Company announce results for 4Q and 12? 2019 The Group revenues amounted to USD 35.2 billion in Q4 FY19. The revenue decreased in the Q4 FY19 from Q3 FY19 due to a decrease in the price of crude oil and the expected introduction of the n...
Latest Updates on Two LSE Stocks: Maestrano Group Plc & Rosneft Oil Company
February 18, 2020 11:32 AM GMT| By Kunal SawhneyMaestrano Group Plc Maestrano Group Plc (LON: ROSN) is United Kingdom-based software company that provides a cloud-based business Platform as a service for the medium to small businesses, accounting firms and banks. It has a cloud combination platfo...
Premier Oil’s Scheme Proposal Gets Creditors Approval Despite ARCM’s Concern
February 13, 2020 10:29 AM GMT| By Kunal SawhneyARCM & Premier Oil Premier Oil PLC announced a proposal for a scheme of arrangement to approve certain acquisitions and extend its debt maturities on 7th January 2020. Hedge Fund, ARCM raised grave concerns about Premier Oil’s intended acquisiti...
Barclays Faces Heat From Investor’s Group Over Lending To Fossil Fuel Companies
February 06, 2020 02:52 PM GMT| By Team Kalkine MediaBarclays, the biggest European financier of fossil fuel companies, is facing major backlash from the UK’s most powerful investor group. The transatlantic consumer and wholesale bank, Barclays Plc has come under fire to adhere to stricter climate poli...
Shell boosts crude output in top U.S. shale field to 250,000 barrels per day
February 06, 2020 01:16 PM GMT| By Hina ChowdharyAs per media report, the Permian Basin head of Royal Dutch Shell Plc (LON: RDSA) stated that the company is planning to spend billions of dollars on drilling project for the shale gas. It boosted production to 0.25 million barrels per day at the top...
IHS Markit /CIPS UK Composite PMI Grows Strongly In January 2020 Fuelled By A Resurgent Services Sector
February 05, 2020 04:14 PM GMT| By Team Kalkine MediaThe monthly Purchasing Managers Index data published by IHS Markit /CIPS for the British economy for the month of January 2020 has revealed that the country has registered a strong rebound in the first month of the year and extended upon the gains ma...
How Have Oil Prices Responded To The Concerns Around Coronavirus?
January 28, 2020 12:05 PM GMT| By Hina ChowdharyCoronavirus and its Global Impact China recently saw the rise of a novel Coronavirus, the likes of which have never been seen before, as the number of known cases of the new virus increased by nearly 60 per cent overnight. The city of Wuhan, in Chin...
Is The European Union Overinvesting In Gas-Based Projects In The Name Of Climate Action Plan?
January 20, 2020 10:45 AM GMT| By Hina ChowdharyEIB’s Pledge to phase out fossil fuel financing In November 2019, the European Investment Bank (EIB) had agreed to reduce and eventually phase out the financing for fossil fuel-based assets over a period of two years, to become the world’s first “Cl...
Barclays Under Pressure From Investors To Cut Fossil Fuel financing
January 08, 2020 02:59 PM GMT| By Team Kalkine MediaAccording to a statement from U.K. investment lobby group, Share Action, over 100 individuals and eleven institutional investors have requested Barclays to phase out financing Energy firms or stop providing all financial assistance to firms which do...
Is There Any Indirect Relationship Between Oil Price Movement And Gold?
January 08, 2020 01:49 PM GMT| By Hina ChowdharyCommodities as an investment are different from bond or stocks as they are more crucial for various industries as raw materials for their finished products. For instance, the most significant use of gold is the manufacturing of electronics, while maj...
Rising Oil Prices And UK Energy Stocks
January 07, 2020 04:10 PM GMT| By Team Kalkine MediaThe Oil Price hits $70 Barrel for the first time in the last four months on 6th January 2019 due to US drone attack that assassinated the top military commander of Iran. This led to disruption in global energy supplies. The Brent Crude oil price hit...
