In the wake of the best day on Wall Street in 2016, opened up the Oslo Stock Exchange on Monday morning. Now, however, the mood turned.
After only 30 minutes of trading is the main index of 560.80, down 0.02 percent, and it is so far sold shares for 457 million.
Oil prices
Brent oil falls Monday 2.36 percent to $ 35.14 a barrel, while WTI oil is down 2.29 percent to $ 32.85 a barrel.
In comparison, a barrel of North Sea oil traded at $ 34.71 a barrel at the close of trading Friday.
According to Bloomberg News and TDN Finans price decline to the fact that key figures from China’s purchasing managers in the industrial sector Monday showed a decline for the sixth consecutive month while Kuwait and Nigeria helped to strengthen oil production in OPEC.
China’s national statistics authority stated that the PMI index for manufacturing fell to a three-year low point of 49.4 in January.
Oil production in OPEC rose to 33.11 million barrels a day last month, said Indonesia’s membership was reactivated. The country, which had suspended its Opec membership for seven years, contributed in January with 815,000 barrels to the total Opec production figure.
Chevron reported Friday its first kvartalstap since 2002, according to news agency can be an alert about a wave of write-downs, when the other major oil companies begin to report results this week. ExxonMobil and BP will present its results on Tuesday.
– Unless we begin to see some tangible news about production cuts, we are approaching the limit for this price rise. Oil prices will have to struggle to exceed 36 dollars, says chief analyst at CMC Markets in Sydney, Ric Spooner, to Bloomberg News.
PS. Oil prices will be in the key ratios in the expanding top menu, between the main index and the gold price. It comes so fast we manage to fix it (editor’s note.)
Statoil falling 2.62 percent to 115.30 kroner. Oil company reports Monday morning they have agreed with Total to acquire 15 percent stake in the exploration license for Block 14 off the coast of Uruguay.
DNO falling 3.22 percent on the Oslo Stock Exchange, while the Norwegian oil company, down 2.28 percent. Seadrill fall back 3.10 percent, Subsea 7 is down 0.19 percent.
Buyer company
Telenor Group has entered into an agreement to acquire around 95 percent of New York-based Tapada Inc.
The price tag is $ 360,000,000 on a debt and cash free 100 percent basis.
Telenor shares climb 0.57 percent to 141.60 kroner .
Lost capacity
Norwegian Hydro’s aluminum plant in Årdal has temporarily shut down around ten percent of capacity after power failure on Friday evening.
The company expects, however, that customers will be unaffected by the incident. It is expected that work will be back at full production capacity in the second quarter of 2016.
Hydro fall back 0.17 percent to 28.63 kroner.
More cuts
Polarcus to cut further costs. As part of this it is said now up 15 employees of the company.
Chief Financial Officer Tom Henrik Sundby and Senior Vice President HR, Dr. Paul Hanna, is among the employees who have chosen to leave the company. The former will be replaced by Hans-Peter Burlid from 1 March.
The stock is up 4.55 percent to 1.15 million.
New contract
Kongsberg Automotive has been awarded a new seat-contract valued at approximately 26.7 million euros, equivalent to around 250 million.
The contract includes seat support and massage systems for a European car manufacturer.
KOA shares rise 1.87 percent to 5.99 million.
Ensures on projects
Scatec Solar has signed an agreement with Spanish Grupo Gran Solar about purchase of a majority stake in two solar energy projects in Brazil.
The stock is up 2.72 percent to 37.80 kroner.
No comments:
Post a Comment