French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Dutch government announced that it has completed the sale of a part of its ABN AMRO shareholdings. Issued 500 million euros ten-year maturity bond. The company said it would upgrade the APM system at Las Vegas Harry Reid Airport. Offer of 600 million euros in senior notes at 4.750% due 2029.
Oil Surges After OPEC+ Extends Cuts
Oil prices jumped about 3% on Friday, hitting their highest levels in over a year, following a stronger-than-expected U.S. jobs report and decision by OPEC and its allies not to increase supply in April.Brent futures rose $2.10, or 3.2%, to $68.84 a barrel by 11:25 a.m. EST (1625 GMT). Earlier in the session, the global benchmark hit its highest since January 2020.U.S. West Texas Intermediate (WTI) crude rose $1.87…
Saudi Aramco joins oil blockchain platform Vakt
Saudi Aramco Energy Ventures has bought into blockchain-based trading platform Vakt with $5 million in new shares, Vakt said on Tuesday.Aramco Trading Co, a subsidiary of Saudi Aramco, will use the platform.The VAKT platform specializes in post-trade processing.
Oil Majors Join Blockchain Platform
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain pilot schemes for commodities trading to go live.The firm was created in 2017 by a consortium that includes oil majors BP and Royal Dutch Shell…
Oil Prices Pare Gains After Earlier Rise on Saudi News
Oil prices traded broadly unchanged on Thursday after an announcement that Saudi Arabia would suspend some oil shipping in the Red Sea had initially sent prices higher.Brent futures had risen 19 cents to $74.12 a barrel by 1305 GMT, extending their rally into a third day but slipping from a 10-day high in earlier trading.U.S. West Texas Intermediate (WTI) crude futures were down 2 cents at $69.28, hovering around Wednesday's closing level.
Dutch Energy Company Eneco Working with Citi on Sale
Dutch energy company Eneco is working with investment bank Citi to advise on its privatisation, which should kick off soon, three sources familiar with the matter said. The U.S. investment bank joins ABN Amro, which advises the company's management, and boutique firm Aperghis, working with shareholders, and will take instruction from both the company and the owners as they move forward to resolve a long-standing conflict, one of the sources said. Eneco declined to comment.
Oil Struggles to Retain Gains as Trade War Concerns Build
Russian crude output hits 11-month high, almost 11 mln bpd; Saudi Arabia expected to cut its physical crude prices. Oil steadied on Tuesday, after the price posted its biggest one-day fall in almost a year the previous day, although higher Russian output and Saudi Arabia possibly cutting its selling prices acted as a drag. The mood across financial markets was cautious after China announced last week it would slap extra tariffs on 128 U.S.
Oil Up After Sell-offs and Trump-Kim Meeting Hopes
Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North Korea's Kim Jong Un and U.S. President Donald Trump. Kim also pledged to refrain from further nuclear or missile tests, lifting Asian stock markets and pulling crude oil futures along with them. Brent crude was at $64.02 per barrel at 1032 GMT, up 41 cents, or 0.64 percent, from its previous close. U.S.
Oil Retreats but Set for Fourth Week of Gains
China's weak December oil data weighs; Brent, WTI hit highest since Dec 2014 on Thursday. Oil prices fell on Friday after hitting a three-year high over $70 a barrel the previous day, but remained on track to post a fourth straight week of gains. Brent crude futures traded 20 cents lower at $69.06 a barrel at 1129 GMT. The contract broke above $70 on Thursday for the first time since December 2014. U.S. West Texas Intermediate (WTI) crude futures were at $63.34 a barrel, down 46 cents.
Petrobras Seals $1 bln Financing Deal
Brazilian state-controlled oil company Petroleo Brasileiro said on Friday it had secured $1 billion in financing from a banking syndicate headed by Standard Chartered PLC, to which it repaid $500 million of debt ahead of schedule. The syndicate includes China Construciton Bank, ABN AMRO Bank, Industrial and Commercial Bank of China, Banco Latinoamericano de Exportações and Commerzbank. The loan will be guaranteed by Petrobras's P-56 platform and will be used to help pay down other debts…
BP, Shell to Lead Blockchain-Based Energy Effort
A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday. Other members of the consortium include Norwegian oil firm Statoil, trading houses Gunvor, Koch Supply & Trading, and Mercuria, and banks ABN Amro, ING and Societe Generale. Blockchain technology, which first emerged as the architecture underpinning cryptocurrency bitcoin…
Oil Stabilizes After OPEC Comments
U.S. oil production, refineries reopen after storm Nate as investors raise bullish bets on WTI - CFTC. Oil prices stabilised on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the group and other producers may take further action to restore market balance in the long term. Oil production platforms in the Gulf of Mexico started returning to service after Hurricane Nate had forced the shutdown of more than 90 percent of crude output in the area.
Vitol Returns for $8 Bln Loan Refinancing
Geneva-headquartered energy and commodities trader Vitol has signed an US$8bn loan refinancing of credit facilities agreed in October 2016, the company announced on Wednesday. The revolving credit facility, which is used for working capital and general corporate purposes, comprises a three-year tranche and a 364-day tranche. The three-year tranche totals over US$7bn. ABN AMRO Bank, Commerzbank, Credit Agricole CIB, HSBC Bank and ING Bank were active bookrunners on the transaction.
Oil Slips as Market Focus Looks to Jackson Hole
Dollar up ahead of central bankers' meeting; tropical depression heads towards U.S. oil facilities. Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy. Benchmark Brent crude was down 20 cents a barrel at $52.37 by 1120 GMT. U.S. light, sweet crude was 20 cents lower at $48.21 a barrel.
Oil Steadies Ahead of U.S. Stocks Data
U.S. oil inventories data due in next two days and oil output also rising, dampening price rises. Oil prices steadied on Tuesday, supported by signs that global supply may be tightening gradually and restrained by rising U.S. shale production. Benchmark Brent crude was unchanged at $51.66 a barrel by 1120 GMT. U.S. light, sweet crude was also unchanged on the day at $47.37. "U.S. crude oil stocks have been falling consistently in recent weeks…
Oil Dips as Rally Encourages Profit-Taking
Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance. Benchmark Brent crude futures were down 15 cents at $52.57 a barrel at 1214 GMT, after surging more than 3 percent in the previous session. U.S. West Texas Intermediate crude futures traded at $48.50 a barrel, down 1 cent. The contract had also risen 3 percent in the previous session.
Oil Slips on Strong Dollar, OPEC and China Weigh
Chinese Demand Falters as OPEC production remains stronger despite promised cuts. Oil prices slipped on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer. Benchmark Brent crude was down 30 cents at $50.43 a barrel by 1050 GMT. U.S. light crude was 20 cents lower at $47.39. Chinese oil refineries operated in July at their slowest daily rates since September, official data showed.
Oil Slides From 9-week Highs as Market Looks to OPEC
Oil prices edged down from nine-week highs on Monday, pressured by worries over high production from OPEC and the United States. Global benchmark Brent crude futures were down 67 cents, or 1.28 percent, at $51.75 a barrel at 1344 GMT. They traded as low as $51.56 a barrel earlier in the day. U.S. crude futures were down 67 cents, or 1.35 percent, at $48.91 per barrel, but up from the day's low of $48.78 a barrel.
TGS Shares Fall after Q2 Sales Disappoint
Shares of the world's leading provider of geoscience data to oil companies TGS fell by more than 6 percent on Thursday, after disappointing sales in the second quarter. TGS reported $108 million in quarterly revenues, 6 percent below consensus, and compared with $114 million in the second-quarter a year ago. "Part of the problem was that TGS failed to sell more in Brazil, where PGS and CGG did well, or in Mexico…
Oil Dives on Supply, Production Worries
Oil prices fall 3 percent on signs market still oversupplied; U.S. crude production rose 1 percent last week. Oil prices fell 3 percent on Friday after data showed U.S. production rose last week just as OPEC exports hit a 2017 high, casting doubt over efforts by producers to curb oversupply. Global benchmark Brent futures were down $1.43, or 3 percent, at $46.68 a barrel at 1116 GMT, after falling to as low as $46.63, its weakest level in more than a week. U.S.
