Oslo Stock Exchange falls sharply on what in the calendar is “Mondays”.
Just before the clock 13 is the main index down 3.0 percent to 543.91.
oil prices fall again
the price of Brent crude is down 1.6 percent to $ 33.56 a barrel, having started the day in positive territory.
WTI oil is down 2.0 percent to $ 30.28 a barrel.
In comparison, a barrel of North Sea oil traded at $ 34.36 a barrel at the close of trading Friday.
According to Bloomberg News and TDN Finans met oil Minister Ali Naimi of Saudi Arabia Sunday Venezuelan oil minister, Eulogio Del Pino, Riyadh. They had claimed Naimi successful conversations around possible cooperation to stabilize the market. They said, however, nothing about which measures manufacturers should undertake.
Friday oil prices fell weighed down by a stronger dollar and concerns that the supply of oil in the market will persist.
– It’s just too much oil. It is hard to believe that the market has bottomed out, said Director of NUS Consulting Group, Richard Soultanian, the Wall Street Journal.
Statoil falling 1.6 percent to 119.80 million
Smell of Fredriksen & amp; co
John Fredriksen’s tanker company Frontline plunging 12.1 percent to 74.30 crowns on the news from Saudi Arabia, while riggselskpet his Seadrill fall 12.5 percent to 16.48 crowns.
Archer, with Fredriksen heavily involved as owners, are down 7.6 percent.
SkREC share after profit warning
REC Silicon is the full 28.4 percent to 0.82 million, after the company came with a disturbing message Monday morning.
Among other solar company now take write-downs of $ 151.5 million, due to lower expected prices forward. The reason is uncertainty about solar trade war between the US and China and the influence of Moses Lake production shutdown and oversupply of polysilicon in the market.
REC also reported a turnover in the 4th quarter of $ 74.9 million , down from $ 87.5 million in Q3. EBITDA will end at minus 29.6 million, against a loss of 14.1 million in Q3.
Milliardtap for BW Offshore
BW Offshore was left with a bright red bottom line for Q4. It sends stock down 17.9 percent to 1.74 million.
The company reported a profit after tax of minus $ 234.5 million, equivalent to more than 2 million in Q4 2015, compared with 12 , $ 7,000,000 in the same period last year.
the operating result was minus 223.0 million, against $ 51.4 million the year before.
New payment to DNO
DNO now report that they have received a payment of $ 21.45 million from KRG for export from Tawke field.
the payment, to be shared between DNO and their partner Genel Energy, including $ 17.99 million for January exports and $ 3.46 million that have been outstanding for previous deliveries.
DNO share fall 4.8 percent to 6.22 million.
loooong loser list
A lot of the heavy stocks fall sharply. None of the 20 most traded securities in the plus. For example, the Norwegian Hydro down 4.5 percent, while TGS is down 5.6 percent. PGS plunging almost 10 percent.
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