Oslo Stock Exchange fluctuated between plus and minus in opening trade, but since it became worse. At 15 o’clock was the main index as low as 527, which corresponds to a fall of 2.7 percent. The market recovered towards the end, partly as a result of Statoil opened higher in the US than in Norway.
The main index ended at 535.64, down 1.2 percent, while turnover was 4.7 billion .
Oil prices plummet
Oil prices fell sharply on Friday morning. During Friday they fell even more.
Brent March oil pulls down 4.0 percent to $ 29.66 a barrel, while the American WTI oil goes back 5.0 per cent to 29.63 barrel. Brent oil has not been lower in 12 years.
When the Oslo Stock Exchange closed yesterday, stood front contracts for Brent and WTI respectively around 30.85 and $ 31.40.
Reuters reported Friday that Western sanctions against Iran expected rescinded within days.
– This is three or four months earlier than what the market thought last year, so this is more fuel to the fire, said risk manager for oil Tony Nunan at Mitsubishi Corp. in Tokyo news agency.
Iran should have removed the sensitive core of the key nuclear reactor Arak, which UN inspectors were scheduled to verify on Thursday, according to Iranian state TV.
Lundin is not for sale
Any additional oil from Iran will increase the supply side of a market already awash with oil.
– Iran will return to the oil market on error time, both the market and probably itself. There had been so much more ideal to return if oil prices were 100 dollars, writes Phillip Futures told Reuters in a note Friday.
Statoil rescued in the last second
> Statoil opened up, but was Friday all the way down to 100.40 million, the lowest rate since 2008. The stock rebounded much as US trade began. After a hectic closing auction was plussen saved. The closing price of sounds at 103.40 million, up 0.2 percent.
The company took a gulp Thursday of Lundin Petroleum, but the owner Lundin family dismisses all speculation that Statoil is going to engulf the entire Swedish oil company.
– Oil prices will return to significantly higher levels. For us this is the worst possible time to sell, says Ian Lundin to di.se.
Seadrill under 20
Seadrill continued down. The closing price was at 19.80 million, down 7.9 percent. There are new historic lows.
A gloomy Seadrill CEO Per Wullf notified in tough times out in 2017.
– We are forced to conclude contracts under breakeven level, which means that we enter into contracts we are losing money, proceeding Wullf and projected towards Reuters that this could happen as early as Q1 2016.
Otherwise, the oil and oil services we note that DNO was down 5 , 6 percent, while PGS and Subsea 7 fell about four percent.
Aker Solutions takes action
Aker Solutions has today informed its MMO-employees that the company streamlines business into one regional unit, from four previously, which will affect the management and other employees from Tromso to Stavanger.
Depending on future activity levels will adaptations could affect up to 900 permanent jobs at facilities in Stavanger, Bergen , Kristiansund, Trondheim, Tromsø and Sandnessjøen, as well as offshore, it says.
The stock fell 1.6 percent to 24.30 million, for a greater fall earlier in the day.
plunged 80 percent
When WR Entertainment opened trading on the Oslo Stock Exchange-driven Mercury Market Wednesday was heading 14.90 kroner. Board and auditor thought the value was 0.024 million, writes Finansavisen.
Who acted WR Entertainment shares to 750 times their fair value is not known Finansavisen, but given that the company has not made any proliferation issue ahead of listing, must at least salespeople be some of the old shareholders around the company.
Friday plunged 79.9 percent share to 3 million, which is still well above “fair” value
No comments:
Post a Comment