The arrows still point upwards at lunchtime on the Oslo Stock Exchange.
The main index is writing in 620.60, after an increase of 0.17 percent. The recovery has thus calmed somewhat from morning plus 0.6 percent.
devel happens in the wake of rise in New York yesterday and mostly rising stock exchanges in Asia earlier today.
Read also: China shares up 16 percent
Fearing Iranian oil shock
Oil prices fall Tuesday morning.
Brent May oil pulls down 1.53 percent to $ 55.43 a barrel, while WTI spot returns 2.63 percent to $ 47.40 a barrel.
The so-called 5 + 1 group (the US, UK, France, Germany, Russia and China) negotiations with Iran about its nuclear program is at a critical phase, as the deadline for reaching agreement approaches.
The deadline to be agreed on a political framework for a final agreement is by parties sat until midnight Tuesday. 5 + 1 group will exchange a guarantee Iran’s peaceful intentions towards a gradual easing of sanctions.
If Iranian oil dropped back on the market, is expected to provide a powerful downward pressure on oil prices.
– Iran has built up substantial oil stocks and can immediately increase exports if sanctions are repealed, writes analysts ANZ Reuters in a note.
Shipping sources informs news agency that Iran save at least 30 million barrels of oil on its fleet of supertankers.
On the Oslo Stock Exchange rises Statoil 0.07 to 143 million.
Read also: – Iran deal could easily push oil prices down in $ 20
DNO fall in Yemen arrest
The impact among the heavyweights are generally modest.
DNO excels most, but on the negative side. Stock thundering down 6.82 percent to 10.39 kroner after today’s announcement that full production shutdown in Yemen due to the deteriorating security situation in the country.
– The company states in the message that production before the shutdown was 950 barrels per day, only 34 percent of the level in Q4. It indicates that production in the 1st quarter has been lower than expected, writes Swedbank analyst Teodor Sveen Nilsen told Reuters in an update.
John Fredriksen duo Seadrill and Frontline pulls down respectively. 2.20 percent to 75.40 million and 3.24 percent to 17.90 dollars.
Shares in heavy trade going up include RCCL and Opera – up respectively. 1.41 percent to 649 million and 1.16 percent to 65.65 dollars.
Storebrand put on 1.45 percent to 29.42 dollars.
Extension Solstad contract
Subsea 7 has declared an option to extend the contract for the construction vessel (CSV) “Normand Seven” with one year from September 2015.
It is stated in the announcement made by Solstad Offshore Tuesday.
This is the first of five annual options. The extension is made on existing conditions.
Solstad rising 2.17 per cent to 47 million. Subsea 7 is down 1.35 percent to 69.60 dollars.
Asetek to top
winners topped by Asetek, which rises 5.85 percent to 10.85 respectively.
Taper list is topped by Noreco, which falls 13.56 percent to 0.51 million.
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