Oil and Gas

Royal Dutch Shell has cut its dividend for the first time since World War Two, following a coronavirus pandemic-engendered halving of quarterly earnings. Net income adjusted for cost of supply dropped to $2.9bn (£2.3bn, €2.7bn) in the three months to March 31 compared with $5.3bn in the same period the previous year. Analysts had estimated $2.3bn. […]

Austrian energy group OMV posted a net loss for the first quarter due to high inventory costs. It has also lowered its production target and crude price forecasts in response to the fall in oil demand. OMV said it lost €68 million ($74 million) in the three months to the end of March after making […]

Alexander Novak argues consortium should concentrate on its market share when oil demand recovers Russia’s energy minister, Alexander Novak, has called for the Organisation of the Petroleum Exporting Countries (OPEC) and its allies to concentrate on their market share as demand for oil slowly picks up. Novak said: “Stocks, supply and demand balance should be […]

Texas headquartered Diamond Offshore Drilling has filed for bankruptcy with debts of more than $2.6bn (€2.36bn, £2.06bn), due to the “unprecedented” impact of an oil price war and the global coronavirus outbreak. The collapse of the company comes 12 days after it missed an interest payment on $500m worth of bonds and said it was working with advisers […]

USDWTI Price Analysis – April 27 Oil prices started on a sour note in the last week of April, dropping over 8 percent during Monday’s session on sustained over-supply fears. A barrel of the North American benchmark, West Texas Intermediate (WTI), is losing value close to $14.50 level, marking an 8.85 percent decline on the day. […]

Brent Crude oil prices remain under pressure, and yesterday the future slid by 8.72% as traders are disappointed with the latest OPEC+ deal, stockpiles are increasing rapidly, and US economic indicators for March were shockingly weak. Brent Crude oil prices have now given up 61.8% of their 68.6% gain from the 2020 low of $21.58. […]

Commodity trading is the oldest form of trading there is. It has been around for centuries, and it is rooted in agricultural trading, such as the buying, selling and exchanging of grain and animals. Other commodities include precious metals or natural resources such as silver, copper, cotton and aluminium. Those wanting to invest in commodities […]

USDWTI Price Analysis – March 9 WTI oil futures for April delivery is in free fall mode on Monday after a price war between Saudi Arabia and Russia caused by last week’s OPEC+ meeting. On Monday, the oil price opened 11 percent lower and trading at a $27.40 level multi-year low, though not far from […]

Europa Oil and Gas shares (LSE:EOG) has started a strong rally in the context of an uptrend and that may result in a Golden Cross, i.e. when price crosses the EMA 200 to the upside. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands […]

All of you are surely aware of the fact the UK exit from the EU has recently got delayed by three more months. As things stand now, the new Brexit deadline has been set on January 31, 2020. In this brief discussion, let us try to figure out how this transition may impact the different […]