Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-08-20 18:10:00



Norway's oil fund, the world's biggest sovereign wealth fund, reported a 3.3% profit on its investments in the second quarter, including a 4% return on its investment in equities, and said it plans to double the size of its management team in October.

Norges Bank Investment Management, the arm of the central bank that manages the fund, said Wednesday that earnings on its investments totaled 192 billion Norwegian kroner ($31.11 billion). The total value of the fund on June 30 was NOK5.478 trillion.

The oil fund was set up in the 1990s to act as the main investment vehicle for Norway's vast oil wealth. It has expanded more than tenfold in the past decade and is expected to be worth NOK7.278 trillion by 2020.

Equity investments returned 4.0% in the second quarter, while fixed-income investments brought in 2.0%, NBIM said. Emerging market shares contributed the highest returns, especially in India, Russia, Turkey and Brazil. European, North American and Asian stocks all contributed positively.

"Equity markets rose in the second quarter, and emerging markets performed best," said Yngve Slyngstad, chief executive of NBIM. "Considerable liquidity flowed into the markets, which pushed asset prices up. We noted reduced volatility in the markets, but we have to be prepared for fluctuations in the fund's value going forward."

Oil and gas sector stocks were the best performers, NBIM said. Among individual stocks, Apple, Royal Dutch Shell and BG Group contributed the most to the fund's second-quarter earnings. The most negative contribution came from BNP Paribas, UBS and Credit Suisse.

NBIM said it would double its top management team to 12 people, including four real estate managers, as of October.

The management said the oil fund, also known as the Government Pension Fund Global, had increased its holdings of bonds issued by Japan, the U.K. and Germany, and decreased its holdings of bonds issued by Brazil, Canada and Sweden.

Some 77.8% of fixed income investments at the end of the quarter were denominated in dollars, euros, yen and sterling, compared with 77.7% at the end of the first quarter, the fund said.

Around 61.3% of the fund's investments were in equities, 37.6% in fixed income assets and 1.2% in real estate at the end of the quarter.

The krone weakened against many of the main currencies during the quarter, increasing the fund's value by NOK132 billion. The government transferred NOK44 billion in new capital to the fund.




2018, January, 19, 12:15:00


PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

2018, January, 19, 12:10:00


AOG - ADNOC’s 2030 strategy, he said, aims to capitalise on predicted global economic growth and demand for oil and petrochemical products, particularly in non-OECD countries. As its business responds to changing market dynamics, the company will continue to broaden its partnership base, strengthen its profitability, adapt to new realities and expand market access.

2018, January, 19, 12:05:00


WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

2018, January, 17, 23:50:00


REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

All Publications »