Oil’s Iran Cliffhanger: What To Know And What To Expect
EU attempting to revive Iran nuclear deal with market staying pessimistic Crude prices could rebound from oversold conditions but stay off 2022 highs Both Iran, US likely looking for 'win'...
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Riding Vaccine Optimism With FTSE Oil Major Shell
November has been a good month for many oil companies. Buoyed by vaccine optimism, most have seen their share prices increase significantly. Three vaccines have yielded highly encouraging...
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Demand Doubts, Cheap Oil Driving Different Strategies For Europe, U.S. Majors
Every oil company—from super-rich Aramco (SE:2222) in Saudi Arabia to tiny fracking firms in Oklahoma—has been hit hard this year by lower oil prices.In the U.S., as of August,...
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How Month End Flows, Presidential Debate Moved FX
Currency trading was just as messy on Wednesday as the first U.S. Presidential debates. The euro, which rallied against the U.S. dollar in Asia, came under selling pressure in Europe,...
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With Oil Shares Like BP Cheap, Is A Contrarian Bet A Good Move In October?
The year 2020 has not been kind to the oil industry. Brent crude, the international benchmark, started the year around $60. By late April, it was below $20. When various lockdowns eased in...
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Is It Time To Walk Away From Oil Giants BP And Shell?
This post was written exclusively for U.K. Investing.comIf you invest in the U.K. stock market then it is very difficult to avoid large cap oil and gas stocks, which currently constitute...
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Saudi Oil Attacks: What to Expect From Stocks And Oil Prices
After gapping about 20% higher as markets responded to the weekend attack on Saudi Arabia’s oil infrastructure — which reduced the nation’s oil output by more than half...
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Domestic Investor Confidence Boosted by Rise in Manufacturing PMI
South Africa Following a solid showing by rand hedges, the local bourse ended higher on Thursday as world markets rebounded from a disappointing US Federal Reserve (Fed) policy statement,...
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Taxi For Tech As China Retaliates; Uber Plunges Below $38
Today’s trading activity has had a very “risk off” flavour to it, as concerns about further escalations in the China, US trade narrative, turned very quickly into reality...
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Vellies Trek to the US
There was green on the screen yesterday. Global markets were flying thanks to stronger than expected manufacturing data out of China. Asian markets are still in the green this morning, but...
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US Earnings Season Takes Centre Stage, A Busy on the Local Front
Some of the local earnings releases to take note of this week include: Shoprite (1Q19 Operational Update): For the full year, group turnover was up 3.1% with SA Supermarkets revenue up 5.7%...
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International Releases Intensify, A Busy Week Ahead Locally
Vodacom (1Q19 Sales and Revenue Update): Management re-iterated its medium-term targets for group service revenue growth of mid-single digit growth, group EBIT growth in the mid-to-high...
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The Week Ahead – 26 January 2018
Among others, the following local companies are set to report results this coming week: Vodacom will publish its 3Q18 update next week. During the 2H18, Group revenue grew 4.6%, with SA...
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Cheap Oil And The Summer Driving Season
OPEC and Company! OPEC is getting ready to have a big party in Vienna as they hammer out an extension of the current OPEC agreement on limiting oil production. While there has been some last...
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The Week Ahead – 2 May 2017
Local companies that will be in the spotlight this week include: Holdsport (Interim Results): In the January sales update, the company said that sales were up 5% for the four months ended...
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Oil Price Hurting Energy Giants? They're Healthier Than You Think
A study this week by the Wall Street Journal found that the largest publicly traded oil-producing firms “fell short of cash flow for the year.” According to the study, Exxon...
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Crude Oil levels Plunges over Houston Energy Meeting
Crude oil levels collapsed on Tuesday with a loss $1.08 per barrel -0.2% over fears of Houston energy meeting and outcome possibilities. Shell (LON:RDSa), the Royal Dutch company nailed a...
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The Week Ahead – 30 January 2017
Some of the local earnings releases to take note of this week include: Harmony Gold (Interim Results): The company recently guided for an 8% increase in gold production in the first half,...
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The Week Ahead – 31 October 2016
Some of the local earnings releases to take note of this week include: Shoprite Holdings (Quarterly Update): Consensus is looking for a 9.3% increase in headline earnings for FY17, which...
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Crude Overcomes Bearish Inventory Reports, Turns Higher
September crude oil was able to overcome bearish inventory reports this week as once again OPEC headlines dominate trade. Crude oil made its low during the overnight session for trade on...
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Stocks And Currencies Off To A Good Start
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Many currency pairs traded higher on Monday thanks to the overall strength in U.S. stocks. The Dow Jones Industrial...
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Brexit: Everything You Need To Know, Part III: Shock To Stocks?
By Clement Thibault In just a few days, it’s conceivable that the European Union’s political and economic future could be reshaped by this Thursday’s scheduled UK...
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Is This Oil Rally The Real Deal? 6 Reasons It Could Be
Analysts are conflicted over whether oil’s latest push (now hovering around $50/barrel) is simply a result of temporary production disruptions or whether the glut is fundamentally...
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Will Supply Disruptions Actually Dent The Global Oil Glut?
The big question this week is whether supply disruptions will make a dent in the oil market’s ever-present global supply glut. The answers in a nutshell: disruptions in Nigeria,...
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Understanding Negative Interest Rates
When the central banks of three European countries and the European Central Bank (ECB) itself introduced negative interest rates (NIR) in mid-2014, many considered it be a temporary measure,...
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