06292016Wed
Last update: Wed, 29 Jun 2016 11pm

Europe

Markets - Energy - Europe

Oil prices rebound in post-Brexit bargain hunting LONDON: Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following Britain's vote to leave the European Union to lock in lower prices.The vote result sent global stocks and currencies spiralling down, though oil price losses were relatively limited due to expectations of strong summer demand in Asia and the United States, as well as tightening supplies after a two-year rout.A looming strike at several Norwegian oil and gas fields threatened to cut output in western Europe's biggest producer, also helped support prices on Tuesday.Brent crude futures were 2.3 percent, or $1.08, higher at $48.24 per barrel at 0836 GMT.U.S. West Texas Intermediate (WTI) futures were also 2.3 percent higher, up $1.06 at $47.39 a barrel.Sterling and London's FTSE 100 stock market index also recovered sharply on hopes of a coordinated central bank response to financial market losses."Oil is recovering ...

Markets - Energy - Europe

West Africa Crude-Over half August Angolan traded, Nigerian lags LONDON: About 60 percent of Angola's August programme has been absorbed by the market, one trader said. July loading cargoes of Nigerian crude were still lingering and high offer levels continued to keep buyers at bay. Forcados, Bonny Light and Brass River exports remained under force majeure. There was still no sign of a programme for Nigeria's Erha grade for either July or August. The August programmes for Bonga and Brass River had also yet ...

Markets - Energy - Europe

Oil price hovers nervously after Brexit losses LONDON: Bargain-hunting investors helped to support world oil prices Monday despite deep uncertainty following Britain's vote to quit the EU.Oil prices had slumped more than five percent on Friday following the British referendum.They slid again as trading opened in Asia on Monday, rebounded hours later, and then came under fresh pressure in European business.At around 1035 GMT, Brent crude was up six cents at $48.47, while US benchmark West Texas Intermediate was down six cents ...

Markets - Energy - Europe

Oil prices fall again after Brexit vote LONDON: Oil prices slid on Monday as market participants absorbed the shock of Britain's vote to leave the European Union though some analysts said Brexit would have a limited impact on global fuel demand. Brent crude futures were down 76 cents at $47.65 a barrel by 1224 GMT. US crude was down 85 cents at $46.79 a barrel. Both crude benchmarks slumped about 5 percent on Friday amid plunging global financial markets after the British ...

Markets - Energy - Europe

North Sea Crude-Forties levels sink on weak margins, Brexit LONDON: Forties crude levels weakened on Friday following widespread uncertainty after the British referendum and weaker margins. Global financial markets and oil futures plunged on Friday after Britain voted to leave the European Union, forcing the resignation of Prime Minister David Cameron. Shell has fixed the VLCC Selene Trader to lift Forties on June 25 at Hound Point for South Korea, Reuters shipping data showed Friday. WINDOW SUMMARY Statoil sold a cargo of Forties to ...