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Friday, August 23, 2019

Tag: oil shares

Oil rises as drone attack on Saudi oilfield stokes Mideast fears

While a series of attacks on tankers and energy facilities in the Middle East have provided some temporary support to prices, oversupply remains the key concern for the market.

Saudi chemical giant profits nosedive over low prices

Profit for the first six months of the year plunged 55% to US$1.47 billion, says SABIC.

Oil set for weekly decline as economic woes eclipse Opec curbs

Oil is set for the biggest weekly decline since May as global demand concerns outweigh both an Opec+ extension pact and Iran tension worries.

Picking China’s bond bailout winners can net 30% returns in weeks

Venturing beyond bonds from state-owned issuers in China often involves more than just assessing credit risk for the investors.

Oil rebounds as US gasoline drop helps to ease post-Opec gloom

Oil rebounds as a drop in US gasoline supplies help crude prices shrug off their biggest decline in a month.

Oil shares sag as S&P 500 ends at another record

Petroleum-linked shares tumble with oil prices as Wall Street stocks finish a choppy session higher, with the S&P 500 at a second straight record.

Oil slips as gloomy economic data takes shine off Opec deal

Oil edges lower as investors weigh troubling economic data from around the world against Opec’s extension of output cuts into 2020.

Foreigners bolster Saudi stocks as tension in the region mounts

Rising tensions in the Gulf region aren’t stopping foreign investors from supporting Saudi Arabian stocks, just four years after funds from abroad were first allowed to trade directly in Riyadh.

Gulf on edge as conflicting accounts of tanker attacks swirl

Tensions between the US and Iran are stoking as conflicting narratives about a pair of attacks on tankers led to Trump vowing to bar Tehran from closing a key oil shipping lane.