Page 22 - Refinitiv Eikon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month…

A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say. Analysts point to receding recession concerns and the prospect of a less aggressive policy stance from the U.S. Federal Reserve as factors fuelling hopes for a broader market rally. About 67% of consumer discretionary sector firms exceeded consensus net income expectations, primarily due to robust consumer spending.

OPEC oil output experiences an 840,000 bpd decline in July, according to a recent Reuters survey by Naija247news. The drop was primarily attributed to Saudi Arabia's substantial reduction of 860,000 bpd, the most significant decrease within the group. Additionally, Nigerian supply was affected by an outage at the Forcados export terminal, leading to further output |

OPEC oil output has fallen in July after Saudi Arabia made an additional voluntary cut as part of the OPEC+ producer group's latest agreement to support the market and an outage curbed Nigerian...

The Saudi move, which Energy Minister Prince Abdulaziz bin Salman called a "Saudi lollipop," came on to top of earlier voluntary cuts that Riyadh and several other members of OPEC+ had announced, and added to reductions made under a late 2022 OPEC+ agreement. OPEC's output is still undershooting the targeted amount by almost 1 million bpd partly because Nigeria and Angola lack the capacity to pump as much as their agreed level.