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European stocks mixed before Greece talks LONDON: European stock markets diverged on Friday as eurozone members prepared for crunch talks with Greece on a renegotiation of the country's bailout terms.Around midday in the eurozone, Frankfurt's DAX 30 index was down 0.41 percent at 10,956.71 points and the CAC 40 in Paris lost 0.51 percent to 4,808.85. The euro fell to $1.1342 from $1.1365 late in New York on Thursday.Athens' main stocks index was meanwhile up by 0.74 percent compared with Thursday's close.In London, the benchmark FTSE 100 rose 0.19 percent to 6,902.26 points as investors reacted to mixed economic data in non-eurozone member Britain."The eurozone equity market is being held back by the developments in Greece and will remain offside until a deal is brokered," said David Madden, market analyst at IG trading group.Finance ministers from the eurozone's 19 member countries will meet in Brussels on Friday to consider a proposal by Athens to extend its ...
Oil plummets before US inventories data LONDON: Oil plunged Thursday before the release of a closely-watched report that is expected to show a surge in US stockpiles to a 33-year high, adding to a global supply glut.US benchmark West Texas Intermediate for delivery in March dived $2.07 to $50.07 per barrel compared with Wednesday's close.Brent North Sea crude for April delivery slid $1.55 to stand at $58.98 a barrel in London early afternoon deals."Activity this morning has seen prices ... sharply ...
Norway's Troll gas outage rises to 15 mcm on Thursday OSLO: The ongoing capacity cut at Norway's Troll gas field has been expanded to an estimated 15 million cubic metres (mcm) on Thursday from a previous estimate of 10 mcm, pipeline operator Gassco reported.Copyright Reuters, 2015 ...
Oil falls sharply after US crude inventories rise LONDON: Brent oil prices slipped below $59 a barrel on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply.U.S. crude stocks rose by 14.3 million barrels last week, data from industry group the American Petroleum Institute (API) showed on Wednesday, compared with analysts' expectations for an increase of 3.2 million barrels.If official data due at 1600 GMT from the U.S. Energy Information Administration ...
Norwegian gas output down 15.6mcm on Thursday due two outages OSLO: Norway's gas production capacity will be cut by a combined 15.6 million cubic metres on Thursday due to two outages, gas systems operator Gassco said.Production capacity at the country's biggest offshore field, Troll, will be reduced by 10.0 million cubic metres (mcm) on due to a compressor failure, Gassco said on its website.The outage, which started at 1800 GMT on Wednesday, is expected to last for one to two days, it added.Another outage will ...