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Oil Dips on Covid Fears As Attention Turns To Earnings Reports

Oil Dips on Covid Fears As Attention Turns To Earnings Reports by Ship & Bunker News Team Monday July 26, 2021 Meanwhile, Brazil defies global trend by planning to pump all-out: File Image/Pixabay With media hype over Covid variant cases climbing in some parts of the world reaching fever pitch, crude prices on Monday suffered a dip, albeit slightly better than the 1 percent drop incurred shortly after the beginning of the session. Vanda Insights said in a note, With daily new Covid cases in the U.S. continuing to rise, oil demand uncertainty was the main driver of market sentiment. Peter McNally, global head of industrials, materials and energy at

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What to expect as Big Oil reports second-quarter earnings

What to expect as Big Oil reports second-quarter earnings Source: Reuters The expected upswing would build on a surprisingly strong showing in the first quarter and lend further support to the oil and gas industry’s efforts to pay down debt and reward investors. “Big Oil” companies, referring to the world’s largest oil and gas majors, still face significant challenges and uncertainties, however. These include the remarkable success of shareholder activism in recent months, a “tremendous degree” of ongoing investor skepticism and intensifying pressure to massively reduce fossil fuel use in order to meet the demands of the climate emergency.

New yorkUnited statesBard collegeCity ofUnited kingdomMorgan stanleyKathy hippleClark williams derryRene santosUs energy information administrationBig oilRoyal dutch shellInternational energy agencyWall streetNorth americaInformation administration

What to Expect as Big Oil Reports Second-Quarter Earnings

Big Oil companies, referring to the world s largest oil and gas majors, still face significant challenges and uncertainties, however. These include the remarkable success of shareholder activism in recent months, a tremendous degree of ongoing investor skepticism and intensifying pressure to massively reduce fossil fuel use in order to meet the demands of the climate emergency. Europe s integrated oil sector already enjoyed surprisingly strong earnings in 1Q, but 2Q is set to show further improvement as commodity prices took another step up, analysts at Morgan Stanley said in a research note. International benchmark Brent crude futures rose to an average of $69 a barrel in the second quarter, the Wall Street bank said, up from an average of $61 in the first three months of the year. The oil contract was last seen trading at around $73.57.

New yorkUnited statesBard collegeCity ofUnited kingdomMorgan stanleyKathy hippleClark williams derryRene santosUs energy information administrationBig oilRoyal dutch shellInternational energy agencyWall streetPacific northwestNorth america

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الرائد يعزز صفوفه بضم الغاني أتسو قادما من نيوكاستل الإنجليزي

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