Post Tagged with: "Brexit"

Source: Reuters

Oil nears three-month high as trade hopes, UK election lift sentiment

Reuters


NEW YORK – Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.

China’s Vice Finance Minister said the first …

December 13, 2019 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, International, OPEC
Oil falls but losses limited by new Brexit deal

Oil falls but losses limited by new Brexit deal

Source: Reuters


LONDON (Reuters) – Oil prices fell on Thursday as industry data showed a larger-than-expected increase in U.S. inventories but losses were limited after Britain and the European Union announced they had reached a deal on Brexit.

Global benchmark …

Source: Reuters

Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint

Source: Reuters


NEW YORK (Reuters) – Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are possible, but prices remained under pressure from U.S.-China …

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

From Reuters


Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.

Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …

Courtesy of Chesapeake

Oil Steadies as Hopes of Easing Trade Tensions Lend Support

From Reuters


Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.

Brent crude LCOc1 …

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

From Reuters


Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a …

Oil Deepens Slide on Recession Fears, China’s Trade Threats

Oil Deepens Slide on Recession Fears, China’s Trade Threats

From Reuters


Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.

In a sign of investor concern that the world’s biggest economy …

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

From Reuters


Oil prices shed 3% on Wednesday after fresh Chinese and European economic data revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.

Brent crude LCOc1 settled at $59.48 a barrel, …

U.K. Parliament Votes Down May’s Brexit Deal

U.K. Parliament Votes Down May’s Brexit Deal

From The Wall Street Journal

British lawmakers rejected Prime Minister Theresa May’s Brexit divorce deal for a second time, making a delay in the U.K.’s scheduled March 29 departure from the European Union all but inevitable and intensifying political turmoil …

March 12, 2019 - 5:18 pm Closing Bell Story‎, Energy News
EU Expresses Horror at Brexit Vote, Refuses to Reopen Deal

EU Expresses Horror at Brexit Vote, Refuses to Reopen Deal

From Bloomberg

The European Union said it was horrified by the massive scale of the U.K. Parliament defeat of the Brexit deal agreed to with Prime Minister Theresa May but said there was no option to renegotiate.

Diplomats said they …

January 16, 2019 - 5:00 pm Closing Bell Story‎, Energy News
Source: HRW.org

PM’s Brexit Deal Defeated in Parliament; Opposition to Table Non-Confidence Vote

LONDON – REUTERS / GLOBE AND MAIL

British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to …

January 15, 2019 - 4:57 pm Closing Bell Story‎, Energy News, Trade
Brexit or Not, Britain’s Oil and Gas Business Is Booming

Brexit or Not, Britain’s Oil and Gas Business Is Booming

From The Wall Street Journal

Norwegian oil giant Equinor AS is doing something few companies have dared to do ahead of the U.K.’s planned exit from the European Union. It’s investing in Britain.

The state-backed energy company formerly known as

December 13, 2018 - 6:00 am Closing Bell Story‎, Energy News
What Investors Should Watch as Brexit Talks Heat Up

What Investors Should Watch as Brexit Talks Heat Up

From Pimco

As we enter another period of accelerated Brexit negotiations, how can investors best navigate the next few weeks and months? Our assessment is that a number of U.K. assets have already priced in a significant chance of a …

October 15, 2018 - 11:15 am Closing Bell Story‎, Energy News, Politics & Opinions
UK Will Consider Imposing Sanctions on Russian Gas Post Brexit: Johnson

UK Will Consider Imposing Sanctions on Russian Gas Post Brexit: Johnson

Nord Stream 2 at issue

From UK Breaking News

UK Foreign Secretary Boris Johnson has told MPs that the UK will “consider” imposing sanctions on Russian gas post Brexit.

European Union sanctions on Russia currently exclude oil and gas, but …

May 17, 2018 - 7:10 pm Closing Bell Story‎, Energy News, International
The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

PM Theresa May’s snap election backfires in the U.K., weakening the pound; dollar strengthens; oil drops

A snap election in the U.K resulted in a hung parliament, weakening the governing Conservative’s position ahead of Brexit. Conservatives won 318 seats with …

U.K. House of Commons Approves Brexit Bill

From Stratfor

British Prime Minister Theresa May secured a major victory Feb. 8, when the House of Commons approved a bill to authorize the government to start formal negotiations to leave the European Union. After three days of debate, the …

February 10, 2017 - 12:30 pm Closing Bell Story‎, Energy News

$5.5 Billion IPO Pulled As Brexit Effect Spooks UK Capital Markets

From Law.com

Less than two weeks after acting on the cancelled initial public offering of the U.K.’s largest private gym chain, capital markets lawyers at Freshfields Bruckhaus Deringer have once again seen their work go to waste with software company …

October 27, 2016 - 11:49 am Capital Markets, Closing Bell Story‎, Energy News
Royal Dutch Shell Divests GOM Assets

Royal Dutch Shell Divests GOM Assets

In exchange for $425 million in cash, Royal Dutch Shell (ticker: RDS) has sold off the company’s stake in assets held in the Gulf of Mexico, the transaction is expected to close in October. The sale agreement bodes well for …

Oil Price Falls Hard on Inventory Report

Oil Price Falls Hard on Inventory Report

Oil started the day on a slight upswing, but following today’s Petroleum Weekly Status Report issued by the EIA, the price began to plummet, ending the day down 4.76%. Initial reports coming last night from the American Petroleum institute (API) …

Could the Reaction to a Strong Yen Push Oil Lower?

Eyes of the World Should be on the BOJ

As the markets tread into the ‘post-Brexit’-world after the UK voters cast in favor of the United Kingdom leaving the European Union, the chips are beginning to fall and countries half …

Strong Dollar Following Brexit Vote Pushes Down Oil

Strong Dollar Following Brexit Vote Pushes Down Oil

Markets see the largest single-day selloff in history following the Brexit, currencies react

The surprise decision by the United Kingdom to leave the European Union triggered the largest single-day selloff in history, according to Standard & Poor’s Dow Jones Indices. …

Source: HRW.org

U.K. Pulls the Rug Out from Under Markets, Votes Yes on Brexit

Markets take a dive as U.K. votes to leave the European Union

In a referendum that essentially split the country, the United Kingdom voted to leave the European Union Thursday, a move most market experts did not believe would take …

How will an EU Brexit Affect International Relations, Politics and Oil?

How will an EU Brexit Affect International Relations, Politics and Oil?

The UK Votes Tomorrow whether to Exit or Stay in the EU; UK Polls are Split Down the Middle 

In less than 24 hours, the UK will vote whether or not to stay in the European Union or exit the …

Oil Drops for Sixth Straight Day on Brexit Concerns, Smaller Inventory Draw than Economists Expected

Oil Drops for Sixth Straight Day on Brexit Concerns, Smaller Inventory Draw than Economists Expected

WTI and Brent crude oil prices down 4.1% and 3.9%, respectively, today

Oil prices continued to fall for a sixth consecutive day, today, while concerns over the possible exit of U.K. from the European Union pulled markets down.

Concerns over …