Tag Archives: Oil

(Bloomberg) — Markets started the week in the green, with tech shares climbing and investors continuing to focus on the U.S. administration’s $1.9 trillion Covid-19 relief plan. Futures on the Nasdaq 100 Index added almost 1%, outperforming contracts on the Russell 2000 Index of small-cap shares. GameStop Corp. extended its extreme rally, surging 46% in premarket trading. In Asia, Chinese internet firm Tencent Holdings Ltd. jumped 11%, the biggest gain since 2011, as mainland traders… Source link

By Ron Bousso LONDON (Reuters) – Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil. Its geologists, engineers and scientists have been cut to less than 100 from a peak of more than 700 a few years ago, company sources told Reuters, part of a climate change-driven overhaul triggered last year by CEO Bernard Looney. “The winds have turned very chilly in the… Source link

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TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

Local Journalism Initiative Black (market) Friday Retailers in Manitoba are finding new loopholes within mandated public-health orders to peddle non-essential products, just in time for the busy holiday sales this weekend. But speaking to reporters Friday, chief public health officer Dr. Brent Roussin said the province doesn’t want to penalize large businesses for exploiting apertures in prescribed restrictions just yet — even if they are directly contravening them by pushing merchandise… Source link

CBC B.C. flu cases ‘exceptionally low’ this year As health officials in British Columbia continue to count hundreds of new COVID-19 cases each day, a different respiratory virus is infecting far fewer people this year than normal — influenza.According to Dr. Bonnie Henry, provincial health officer, the province generally sees between 700-800 influenza cases by this time in the flu season. This year that number is only about seven.”We are looking for it and we are not seeing a lot… Source link

GlobeNewswire Global Masterbatch Market – Analysis By Product, End-User, Polymer, By Region, By Country : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025) Executive Summary The Global Masterbatch Market valued at USD 12. 05 billion in the year 2019 by value and 7219. 23 thousand tonnes by volume has been witnessing unprecedented growth.New York, Nov. 17, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Masterbatch Market – Analysis… Source link

(Bloomberg) — China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil. Unipec, the trading arm of China’s biggest oil refiner Sinopec Group, hired a newly-built very large crude carrier to load low-sulfur diesel in Asia for delivery to Europe. The vessel ordinarily would have sailed empty from its shipyard in Northeast Asia to the Middle East or West Africa, where it would pick up crude… Source link

(Bloomberg) — Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country after civil war all but shut its energy industry. The OPEC member, home to Africa’s largest crude reserves, ramped up production in the past six weeks amid a truce between rival military forces. It was pumping 800,000 barrels a day last week, and the state-run National Oil Corp. said Saturday that output now exceeds the million-barrel level. That’s the first time the… Source link

(Bloomberg Opinion) — This was supposed to be a time when things were getting closer to normal for OPEC. A recovery in oil demand after the first wave of the pandemic, coupled with a deep slump in U.S. production, was meant to leave the world needing more of its members’ crude. But it isn’t turning out like that. Two things have conspired against the Organization of Petroleum Exporting Countries. The coronavirus outbreak is threatening to put an already stalling recovery in oil demand… Source link