Finance
2020, May, 22, 13:17:00
OIL MARKET BALANCE
"When it comes to oil, there are signs that the market has tightened in recent weeks. The OPEC+ agreement, voluntary cuts outside OPEC-++, and production shut-ins are working together to start to rebalance the market. This will take time. As economies begin to open up, demand will follow, but the path to the next normal is not a straight line," Dr. Sultan Al Jaber, CEO of ADNOC Group and UAE minister of state said.
2020, May, 22, 13:10:00
OIL & GAS: THE RETURN OF EQUITY 6%
The return on equity for energy companies and U.S. manufacturing decreased to 6% and 13%, respectively, in 2019
2020, May, 22, 13:05:00
U.S. UNEMPLOYMENT 38.6 MLN
Last week’s filings lifted the number of people who filed claims for unemployment benefits to about 38.6 million since March 21.
2020, May, 22, 13:00:00
BRITAIN'S POUND DOWN
The pound is in the lower band of its recent trading range, as Britain remains one of the countries hit hardest by the pandemic.
2020, May, 22, 12:55:00
OILFIELD SERVICES DOWN 49%
Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.
2020, May, 21, 12:10:00
DENMARK'S WIND ISLANDS
Denmark's energy islands are an important part of climate action plan
2020, May, 20, 11:45:00
U.S. ECONOMY WILL DOWN BY 37%
the U.S. economy would contract at a 37.7% annual rate in the second quarter, but expand at a 21.5% pace in the July-September period.
2020, May, 19, 11:55:00
OIL&GAS INDUSTRY: THE NEXT TRANSFORMATION
To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.
2020, May, 19, 11:40:00
SAUDI ARABIA'S INVESTMENT $7.7 BLN
The $300 billion Public Investment Fund bought stakes in global corporate leaders such as Boeing, Facebook, Disney, Marriott and Starbucks. It also invested in two big US banks, Citigroup and Bank of America, and took holdings in oil giants BP, Total and Royal Dutch Shell.
2020, May, 19, 11:35:00
SOUTH AFRICA'S NUCLEAR DEVELOPMENT
"It is a fact that nuclear power plants require large upfront investments, compared to other sources of energy,"
2020, May, 18, 09:05:00
CHINA SHARES UP
the Shanghai Composite index was up 0.61% at 2,885.83 points