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OPEC Deal Could Prompt Oil Price Rise to $45 Per Barrel By Year’s End – Gazprom Neft CEO
The OPEC+ deal will not prompt an immediate sharp rise in oil prices, but should the international community manage to curb the COVID-19 outbreak, it is possible that prices could rise to between $40 and $45 a barrel, Russia’s Gazprom Neft CEO Alexander Dyukov said.
read more... 14/04/2020
Daily (14.04.2020): Crude oil futures ended on a mixed note on Monday as demand worries offset OPEC deal
Crude oil futures ended on a mixed note on Monday, as investors digested whether the unprecedented deal by the world’s biggest producers to cut output could stabilize the market hit by the coronavirus.
read more... 14/04/2020
Acciona, AXA buy KKR out of renewables venture for EUR 445m
Acciona SA and AXA Investment Managers - Real Assets have signed a EUR-445-million (USD 486.6m) deal to acquire the 33.33% stake in Acciona Energia Internacional SA (AEI) currently held by KKR & Co LP.
read more... 13/04/2020
Daily (10.04.2020): Oil prices turned bearish on Thursday due to traders’ skepticism towards the OPEC historic deal
Oil futures fell sharply on Thursday as the traders doubted that the OPEC+ agreement to cut oil output by 10 million barrels per day would be enough to offset the massive destruction of the demand hit by the coronavirus pandemic.
read more... 10/04/2020
Daily (09.04.2020): WTI crude jumps by over 6% on Wednesday, due to a potential supply cut agreement between OPEC and its allies.
Crude oil prices added ground on Wednesday, due to a potential supply cut deal this week between OPEC and its allies including Russia. Consequently, Brent crude rose by 3% to $32.84 a barrel. The news that U.S oil output was declining without government’s intervention also supported oil prices. As a result, WTI futures jumped by 6.2% to $25.09 a barrel.
read more... 09/04/2020