(Bloomberg) — Black Friday turned red very quickly for global oil markets. The day after Thanksgiving has been choppy before — fewer traders can mean more volatility — but nothing like this year. The prospect of the freshly named Omicron variant of Covid derailing the world’s fight against the pandemic saw an early morning sell-off […]
Read MoreWith the exception of a major breakthrough in the negotiations between Iran and the EU, there is very little downside risk for oil prices this week. Chart of the Week Market Movers – France is rumored to turn against the general European trend of decommissioning nuclear plants and announce the construction of 6 new nuclear […]
Read More(Bloomberg) — The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it. The five supermajors — starting with Royal Dutch Shell Plc and TotalEnergies SE, who release earnings on Thursday — will report about […]
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