Tullow Oil Share Discussion Threads

[waldron] 25/6/2020 06:32

European markets head for negative open after IMF slashes economic forecasts again

Published Thu, Jun 25 20201:13 AM EDT

Holly Ellyatt
@HollyEllyatt

Key Points

London’s FTSE is seen opening 31 points lower at 6,100, Germany’s DAX is expected to open 11 points lower at 12,107, France’s CAC 40 down 15 points at 4,862 and Italy’s FTSE MIB 24 points lower at 7,172, according to IG.

On Wednesday, the IMF released its latest outlook in which it forecast a contraction of 4.9% in global gross domestic product in 2020, lower than the 3% fall it predicted in April.

[sbb1x] 24/6/2020 20:18

#OOTT #OIL #EIA Crude +1.44MM, Exp. 1.5MMGasoline -1.67MMDistillate +249KCushing -991K https://t.co/HqH5YOpG5D

[umitw] 24/6/2020 20:05

Precisely, they did not care much for the infected. Whereas we in the UK took it more seriously. They have to suffer the consequences.We can't all base the world stock markets on one country alone. China is also a major player, but they take it more seriously. US had millions of people rioting etc. They have to pay the price now.

[bearnecessities] 24/6/2020 18:57

I agree.Add to that the America's absolute botch job of dealing with the pandemic, allowing mass protests and rallies, as well as having Trump and his fat gob......and you have the perfect storm.

[umitw] 24/6/2020 18:26

All this is a game by the hedge funders, nothing concrete about the second wave, there is a possibility, but making the markets volatile it's in the interest of those who play the markets with deep pockets.Some small punters bare the misfortune.I may die tomorrow, (not from Covid) now that's a possibility as well. :-)

[waldron] 24/6/2020 17:24

Brent Crude Oil NYMEX 39.70 -6.87%
Gasoline NYMEX 1.20 -7.29%
Natural Gas NYMEX 1.69 +0.06%
WTI 37.635 USD -6.21%

FTSE 100
6,123.69 -3.11%
Dow Jones
25,374.47 -2.99%
CAC 40
4,871.36 -2.92%
SBF 120
3,875.07 -1.73%
Euro STOXX 50
3,201.18 -3.07%
DAX
12,093.94 -3.43%
Ftse Mib
19,206.65 -3.20%




Eni
8.472 -4.77%


Total
34.93 -3.47%



Engie
11.125 -0.80%

Orange
10.47 -0.43%


Bp
307.35 -4.39%

Vodafone
125.04 -3.17%

Royal Dutch Shell A
1,324.8 -4.68%



Royal Dutch Shell B
1,268 -4.73%

TULLOW OIL
Price (GBX)31.65 -5.18%

[waldron] 24/6/2020 16:52

Dow plunges more than 800 points as Florida sees record jump in coronavirus cases

Published Tue, Jun 23 20206:04 PM EDT

Updated Moments Ago

Fred Imbert
@foimbert

Thomas Franck
@tomwfranck

[kulvinder] 24/6/2020 16:31

Amazing how the decline always coincides with pay week, it all about taking the small punter to the cleaners.

[1crackupboom] 24/6/2020 16:18

That was a timely post. Oil collapsing. Oil headed to 5 dollars a barrel

[waldron] 24/6/2020 15:44

Oil Falls Below $40 On Fears Of Rising Crude Stocks
By Tsvetana Paraskova - Jun 24, 2020, 9:00 AM CDT

Oil prices, after swinging from loses to gains and back in the morning, finally settled in a modest decline.
The decline in oil prices on Wednesday also reflected fears among market participants that a second wave of COVID-19 infections could continue to hamper recovery in oil demand.

Oil prices dropped early on Wednesday, with WTI Crude sliding below $40 a barrel, after the API reported a larger-than-expected crude inventory build on Tuesday and the market reflected fears of a second wave of coronavirus infections in many countries, including in the United States.



As of 9:10 a.m. EDT on Wednesday, before the EIA’s weekly inventory report, WTI Crude was trading down 1.39 percent at $39.85, and Brent Crude was down 1.17 percent on the day at $42.14.



On Tuesday, the American Petroleum Institute (API) estimated another build in crude oil inventories, this time of 1.749 million barrels for the week ending June 19, compared to analyst projections of a smaller inventory build of 299,000 barrels.



Despite the fact that oil production in the United States has now fallen from 13.1 million bpd on March 13 to 10.5 million bpd for June 12, according to the Energy Information Administration, inventories continue to rise as demand remains at low levels given the pandemic and the resulting lockdown.



The decline in oil prices on Wednesday also reflected fears among market participants that a second wave of COVID-19 infections could continue to hamper recovery in oil demand.



“Crude oil’s rally to the highest levels since early March has paused with the technical outlook beginning to look more challenging. The attention has for now turned from OPEC+ and successful production cuts to concerns that a renewed spike in COVID-19 cases may slow the process towards a further recovery in global demand,” Ole Hansen, Head of Commodity Strategy at Saxo Bank, wrote in a note on Wednesday.



“And while governments will use lockdowns measures as a very last resort due to the destructive impact on already reeling economies, these developments may still impact how we collectively behave in the public space,” Hansen noted.



Refinery margins have slightly increased recently in northwest Europe and Singapore, but “margins are still historically weak, remaining below pre-Covid-19 levels, and it is difficult to see significant upside until refined product stocks are brought down to more manageable levels,” ING strategists Warren Patterson and Wenyu Yao said today.


By Tsvetana Paraskova for Oilprice.com

[cool hand kev] 24/6/2020 15:39

Alfiex : Only one week till new ceo and trading update 29th July

Are you in the future ?

Did everyone manager to get a nice Top up Below 32p?

[mccracken227] 24/6/2020 15:24

An awful lot of single shares going through today, surely with dealing fees it must make a loss?

[alfiex] 24/6/2020 14:41

Only one week till new ceo and trading update 29th July

[umitw] 24/6/2020 11:00

Whole markets are spooked due to higher virus death and infection numbers.They are worried that second wave is on the way as the countries open to restaurants and bars.

[mccracken227] 24/6/2020 10:59

Thanks for help umitw, I've had war and peace with them,but at least they are adding my vote.

[umitw] 24/6/2020 10:53

Sorry about that but your broker is at fault. My broker advised me yesterday.

[mccracken227] 24/6/2020 10:32

Thanks umitw, an hour wasted on web chat to resolve it, as no notifications on corporate.

[justthemoney] 24/6/2020 10:06

The whole market (including OIL) is overinflated and it'll sell off on a single negative news. Once a sell-off starts there'll be a domino effect of profit taking, stop losses and new shorts. TLW will most likely follow general market in the short term.

[la forge] 24/6/2020 09:50

European markets lower as surge in coronavirus cases spooks investors
Published Wed, Jun 24 20201:11 AM EDTUpdated 7 min ago
Chloe Taylor
@ChloeTaylor141
Holly Ellyatt
@HollyEllyatt
Key Points

The pan-European Stoxx 600 was down 0.4% after the opening bell, with all major bourses in negative territory.
White House health advisor Dr. Anthony Fauci warned Tuesday that parts of the U.S. are beginning to see a “disturbing surge” of Covid-19 cases.

[jm65] 24/6/2020 09:41

Yes, thank you for the cheaper shares I just picked up.

[spirito] 24/6/2020 09:37

They can shake all they want, they aren't having my shares

[cool hand kev] 24/6/2020 09:30

This weeks trading range 32-34

[sbb1x] 24/6/2020 09:12

Grabbed a few

[umitw] 24/6/2020 08:48

You have to log in to your account and read the messages saying corporate event. And vote there.