|Bid||0.00 x 10000|
|Ask||4,845.50 x 29000|
|Day's Range||4,820.00 - 4,912.00|
|52 Week Range||3,262.50 - 5,192.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||2,757.83|
|Earnings Date||Nov 28, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.63|
Futures in New York fell 0.4 percent Monday, extending a record decline. Oil was pulled 2.5 percent lower after the close amid a slide in equities, with President Donald Trump adding pressure with a tweet criticizing the Saudi plan. "Equities and oil were pretty much falling in lock-step," said Josh Graves, senior market strategist at RJO Futures in Chicago.
Producers need to cut about 1 million barrels a day from October production levels, Saudi Energy Minister Khalid Al-Falih said in Abu Dhabi on Monday. The kingdom will reduce shipments by about half that amount next month, making its second policy U-turn after a summer surge in prices was followed by a swift collapse into a bear market this month. “This announcement of at least Saudi Arabia reducing probably will firm the price,” BP Chief Executive Officer Bob Dudley said in a Bloomberg television interview.
Futures fell 1.6 percent Thursday in New York, extending a decline from its October high to 21 percent. Oil’s retreat has increased pressure on OPEC and its allies to cut supply just months after adding barrels. U.S. crude production is accelerating, OPEC output is the highest in years and waivers will allow some Iranian crude exports despite U.S. sanctions.
The Moscow Oil & Gas Index has gained about 40 percent since the initial output pact between OPEC and Russia was reached almost two years ago. The Organization of Petroleum Exporting Countries has signaled it will consider a return to cutting supply next year as oil prices wilt in the face of another surge in U.S. shale production. A new deal would come just as Russia’s production climbs to a post-Soviet high -- following its June agreement with OPEC to ease supply caps -- and its oil companies generate record cash.
Eni and Lukoil have signed a farm-out deal to transfer participating interests in three shallow-water exploration licenses offshore Mexico, Eni reported.
Russia and Uzbekistan began preliminary work on Friday on the first Uzbek nuclear power plant, a project Moscow estimates will cost $11 billion. The plant, to be largely financed by a soft loan from Russia, will allow Uzbekistan to use more of its natural gas for other purposes such as chemicals production or export. Russian President Vladimir Putin and Uzbek President Shavkat Mirziyoyev pressed a symbolic button together at a ceremony in a conference hall in Tashkent to mark the start of geological surveying to decide on a location for the facility.
TASHKENT (Reuters) - Russian oil company Lukoil has signed a two-year agreement with Uzbek state-run energy firm Uzbekneftegaz to study an area of northern Uzbekistan, the firm's chief executive said on ...
Caspian Pipeline Consortium plans to increase crude shipments to more than 65 million tonnes next year from this year's expected 60-61 million tonnes, CPC chief executive Nikolai Gorban said on Wednesday. ...
Russia's No.2 oil producer Lukoil (LKOH.MM) has started the first stage of the $3 billion (2.28 billion pounds) share buyback programme it announced earlier this year, acquiring an initial 390,816 shares, the company said on Tuesday. Lukoil plans to spend at least $1 billion acquiring its own stock by the end of next year, with the full buyback programme running until the end of 2022. The company said that in the first stage of the programme it had bought depositary receipts between Sept. 12 and Sept. 14 for $67.96 per receipt, spending a total of $26.56 million on the London Stock Exchange and CBOE Europe.
Protesters peacefully left a water treatment facility linked to Iraq's West Qurna 2 oilfield, managed by Russia's Lukoil, and released two Iraqi employees they had held hostage, a Lukoil source and a source with Basra's police said. Protesters held the facility for about an hour. Production was not disrupted, a manager at the oilfield said.
This article is intended for those of you who are at the beginning of your investing journey and want to learn about Return on Equity using a real-life example. PJSCRead More...
The U.S. Administration has underestimated the ability of major Russian oil and gas companies to dodge sanctions and benefit from recent depreciation of the ruble on the back of emerging markets slowdown and escalation of China-U.S. trade wars. Major oil companies like Rosneft, which trades on the London exchange under symbol ROSN, have posted record 2Q earnings on increasing production and this trade is likely to continue towards year's end. If there's a "long Russia" trade to make, it's Rosneft shares.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More...
Oil giants are fleeing Iran on the threat of U.S. sanctions despite previous promises to maintain their business ties with Tehran following the nuclear deal fiasco
French oil major Total has two months to seek exemption from U.S. sanctions after Washington's withdrawal from the international nuclear deal, Iran's oil minister told state news agency SHANA on Wednesday. The minister, Bijan Zanganeh, added that failure to secure an exemption would mean that China’s state-owned CNPC could take over Total's stake in the South Pars gas project, lifting its own interest from 30 percent to more than 80 percent.
PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas. PJSC LUKOIL’s insiders have invested 158,482 shares in the large-cap stocks withinRead More...
Iraq expects to receive bids for exploration and development contracts from international energy companies on April 26, the oil ministry said in a statement on Monday. Iraq is offering 11 new blocks for ...