Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine
ALGIERS, July 19 (Reuters) - Algeria’s Sonatrach and its partners Occidental ...
ALGIERS, July 19 (Reuters) - Algeria’s Sonatrach and its partners Occidental (OXY.N), TotalEnergies (TTEF.PA) and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s CEO Tewfik Hakkar told reporters.
Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession...
Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession clouds the demand outlook, but the physical oil trade and the futures market structure tell a quite different story.
But in the physical market, premiums have been at record levels. Nigerian Qua Iboe crude was offered at $11.50 a barrel above dated Brent this week, while North Sea grade Forties was bid at dated Brent plus $5.35 on Tuesday - both all-time highs.
US stock futures rise early Tuesday. Global shares, however, wavered as investors focused...
US stock futures rise early Tuesday. Global shares, however, wavered as investors focused on upcoming central bank meetings, starting with the European Central Bank this week. Meanwhile, cryptocurrencies were down, with bitcoin trading below $22,000. Here are the latest market moves.
Recession or not, stocks are going to keep falling, according to Morgan Stanley's Mike...
Recession or not, stocks are going to keep falling, according to Morgan Stanley's Mike Wilson. The firm's top strategist said traders are being too optimistic about company earnings, which are likely to slow under inflationary pressures that the Fed can't seem to quell.
All of the above are going to be too much for stocks to prop up, which has left Wilson with a 3,900 forecast for the S&P 500 next year — barely a whisper away from current levels.
Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending
U.S. stocks gave up early gains to finish lower on Monday after Bloomberg reported that...
U.S. stocks gave up early gains to finish lower on Monday after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in anticipation of a potential economic downturn.
Dow industrials posted their biggest drop in more than two weeks and, along with the S&P 500, are now down six of the past seven trading days.
The Dow Jones Industrial Average DJIA fell 215.65 points, or 0.7%, to close at 31,072.61, after rising as much as 356 points at its session high. That’s the largest one-day point and percentage drop since June 30, according to Dow Jones Market Data.
The S&P 500 SPX dropped 32.31 points, or 0.8%, to finish at 3,830.85.
The Nasdaq Composite COMP declined 92.37 points, or 0.8%, to end at 11,360.05.
