FTSE 100 down thanks to volatile oil prices
The London market slipped back into the red as volatile oil prices put global stocks under pressure.
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Magnum Hunter emerges from Chapter 11 filing
Magnum Hunter Resources has emerged from its Chapter 11 bankruptcy filing.
UAE stocks lead mideast slump as banks post decline in profit
Equity markets in the United Arab Emirates extended declines on speculation recent gains were overdone after earnings fell at some of the country’s biggest banks.
Devon Energy sells Mississippian assets for $200m
Devon Energy has struck a deal to sell all its non-core Mississippian assets in northern Oklahoma for $200million.
Oil trades near $40 as Kuwait strike curbs production
Oil traded near $40 barrel in New York as a strike in Kuwait cut output from OPEC’s fourth-biggest member, countering the bearish impact of a failed bid to reach an agreement to freeze production.
Oil price recovery boosts markets across Europe
The FTSE 100 Index hit a fresh five-month high as markets across Europe raced ahead thanks to a bounce back in oil prices and cheer over the eurozone economy.
Market struggles after stalemate at oil producers meeting as Iran hikes output
The London market struggled to make headway as the falling price of crude dragged on stocks after a key meeting of oil producers ended in stalemate.
Fall in crude oil prices hits London shares
The London market opened on the back foot as crude prices fell after a key meeting of oil producers broke up without agreement.
FTSE 100 soars to highest mark of the year after boost from China exports
The London market soared to a new high for 2016 as strong economic data from China overshadowed heavy falls from supermarket giant Tesco.
Norwegian shipyard files for bankruptcy
A Norwegian shipyard has filed for bankruptcy with 96 jobs expected to be affected.
FTSE 100 index unfazed by manufacturing slump as oil price strengthens
The London market shrugged off disappointing data from the UK economy as a surge in the oil price boosted commodity stocks.
FTSE 100 index boosted by oil price
The London market opened on the front foot as higher oil prices boosted commodity stocks.
TGS hits net revenue of $64m in first quarter of 2016
TGS said it expects its net revenues for the first quarter of this year to be $64million.
FTSE 100 index hit by slow services sector growth and falling oil price
The London market sank deep into the red as the sliding oil price and lacklustre growth from the services sector punished top-flight stocks.
Saudis want to double their stock market for a post-oil economy
Saudi Arabia plans to almost double the size of its stock market, among the most closed in the world, by adding dozens of companies and making it easier for foreigners to invest.
Origin Energy escapes credit rating ‘junk’ status
Origin Energy has escaped having its credit rating changed to “junk” status by Moody’s.
FTSE 100 lifted slightly, falling oil prices dampen trade
The London market struggled for direction, amid a fall in the price of oil and light trading across Europe.
Devon Energy closes Houston office, 60 jobs to go
Devon Energy said it plans to close its office in Houston resulting in the loss of around 60 positions.
Oil prices make cautious rally above $40 amid stock exchange pressure
The London market came under pressure as gloom over the state of the nation’s finances overshadowed figures revealing the economy grew faster than first thought in 2015.
Israel’s High Court strikes down government natural gas plan
Israel’s High Court struck down the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that blocked plans to develop the country’s largest field and conclude export deals.
Total Petrochemical reports gas emission from Texas refinery
Total Petrochemical & Refining USA said there has been gas emissions from its Port Arthur refinery.
Oil trader Gunvor posts record profit on Russian asset sales
Gunvor Group’s profit soared to a record $1.25 billion last year as the commodity trader sold the bulk of its Russian assets and earnings from oil trading increased.
Commodity stocks weigh heavy on the market following drop in oil price
London’s top flight index struggled to make gains, as commodity stocks weighed heavy on the market following a drop in the price of oil. The FTSE 100 Index was down 1.4 points to 6188.24 following the fresh fall in the price of Brent crude, which edged down by as much as 50 cents since the start of the session before showing signs of stabilising.
Plan to share data on ‘sticky’ energy customers
One of the most controversial plans outlined by the Competition and Markets Authority (CMA) will see energy providers share customer data to allow rivals to offer them better deals.
Report shows Norwegian index for crude oil dropped by 34.2%
A new report by Statistics Norway has shown the PPI (Producer Price Index) decreased by 2.6% between January and February.