Oslo Stock Exchange in red – OBI Online

Oslo Stock Exchange opened Monday morning, but turned down after only a few minutes’ trade.

After 20 minutes of trading is the main index of 568.59, down 0.21 per cent, and there are traded shares 288 million.

Oil prices

Brent oil falls Monday 0.88 percent to $ 38.33 a barrel, while WTI oil is down 1.20 percent to $ 36.35 a barrel .

in comparison, a barrel of North Sea oil traded at $ 38.64 a barrel at the close of trading in Oslo on Friday.

the attention of market participants according to TDN Finans still targeting Saudi Arabia statements regarding a possible agreement to freeze production.

Friday stopped oil prices marked down, burdened by the comments of Saudi Arabia’s view Crown Prince Mohammed bin Salman that they will freeze oil production only if Iran and other major oil producers also freezing production.

– Salman’s comments seem to be a warning to anyone who wants to benefit from a production freeze without cutting production, said commodity analyst at Samsung Futures, Hong Sung Ki, to Bloomberg News.

Russia’s oil and condensate production rose in March by 2.1 per cent to 10.912 million barrels per day over the year, which is barely higher than the previous record in January at 10.910 million barrels per day. Russia’s oil exports rose 5.1 percent to 5.59 million barrels per day in March.

– Russia’s production increase can be seen as a strategic move where they try to increase production as much as possible before any manufacturing freezer takes effect, said Hong Sung Ki news agency.

Iran’s oil Minister Bijan Zanganeh said Sunday that the country’s oil and condensate exports rose by 250,000 barrels per day in March to a level of more than two million barrels per day.

Statoil falling 0.56 percent to 125.20 kroner.

Investing in fixed

Øystein Stray Spetalen share NEL rising 7.74 per cent to 3.20 million Monday morning. The reason is their subsidiary H2 Logic’s purchase of a plant in Herning in Denmark.

The aim of the acquisition is to develop a large-scale production plant for hydrogen stations, and the total investment, according to the message of approximately 85 million.

the share also rose Friday after the company through its subsidiaries NEL hydrogen, H2 Logic has been awarded a contract worth around 25 million for the delivery of a hydrogen-drive to Uno-X hydrogen.

So far traded NEL shares for 21 million, making it today’s third most traded.

Update

Also showings gaming Innovation Group has a good start to the week, and the stock is up 5.45 percent to 4.26 million.

the company came Monday morning with a March update, showing an increase in use of 16 percent.

It is also reported that the company has signed a new deal with an unnamed customer for use of GIG’s IGC platform, with an estimated annual contribution of 300,000 euros.

Faller marked

one stock that however do not have a good day InterOil, falling 9.84 percent to 1.65 million.

the company reports on Monday morning that the Agencia Nacional de Hidrocarburos (ANH) in Columbia has repeated decision from 2014 regarding InterOil`s “COR-6» License that ANH is entitled to compensation equivalent InterOil`s obligations in the contract.

Interoil continue to believe they can defend the reasons why the company has not been able to meet obligations on COR-6, but since these is outside InterOil`s control, the company has offered to transfer its obligations to another license.