Oil prices surge after OPEC+'s unexpected decision to cut production. The reflections on the Stock Exchanges and the spotlights of Piazza Affari on the main oil stocks
Despite strong pressure from the United States, OPEC+ has announced the largest production cut since 2020 - US newspapers: "Slap in the face of the White House" - Risk of soaring prices
Microsoft complains about the superdollar but stock markets rise and today all eyes are on the new US employment data. Highlights of luxury on European squares
The hypothesis put forward by the US of a Russian oil embargo sends the price of crude oil skyrocketing to highs not seen since the 2008 financial crisis: 124 dollars for Brent and 140 for Wti
Under pressure from activists and while Cop26 is aiming for more stringent targets, the Big Oils are refining their strategy. The search for new deposits is down. Biden asks Opec, in vain, to produce more to ease the pressure…
OPEC+ does not double crude oil production, but gradually increases and oil prices rise again - Stock exchanges fearing a tightening by the Fed are bad - Piazza Affari loses 0,6% but the Nasdaq even 2,5%
Faced with price increases and the shortage of energy, the markets are confident that today's OPEC+ summit can commit to producing 800 more barrels of oil from November - Generali's takeover bid for Cattolica starts in Piazza Affari...
Born to counter the "seven sisters" (i.e. the American majors), the cartel has gradually expanded to increasingly control the price of oil - Since 2016 Russia has also joined the circle and there is talk of Opec+
Texan oil collapses below 15 dollars a barrel, a price not seen since 1999 - US plants close to saturation, OPEC cut is not enough
Donald Trump has convinced Mexico, which resisted the OPEC Plus agreement: 10 million barrels will be cut, an unprecedented cut
Saudi Arabia and Russia sign price truce, but for now the 10 million b/d cuts remain on paper - Prices still down and inventories at the highest - The G20 meeting
The Organization of the Petroleum Exporting Countries' forecasts for the medium to long term have been revised in the release of the latest World Oil Outlook compared to last year's data. Despite the downward estimates, they are traveling in positive territory on Piazza…
Oil prices are rising again after a nightmare November - Qatar leaves OPEC, but the winds of peace arriving from Buenos Aires are behind the rise - Attention now shifts to the OPEC summit…
The agreement on the increase in oil production in OPEC has given impetus to share prices - Piazza Affari gains 1% thanks to the upward leaps of Tenaris, Saipem and Eni and the exploits of Bper for the agreement with Unipol - Instead, they suffer…
OPEC announces increase in daily crude oil production and announces willingness to bring the Republic of Congo into the organization - Oil prices soar and stock exchanges celebrate
The Kingdom has every interest in maintaining a bullish price policy to support the listing of Saudi Aramco and finance economic reforms. According to some sources, the new target would go beyond 80-100 dollars. On April 20 first talks…
US production of tight oil will continue to increase by 8 million barrels per day in the longest growth in oil history - The increase, together with the increasingly significant diffusion of electric vehicles, will keep prices…
Concerns that emerge from the latest edition of the World Oil Outlook 2017 containing forecasts on oil & gas published yesterday, in which it is openly recognized that, in a horizon to 2040, oil demand could decrease due to the proliferation of…
OPEC has raised its estimates of global oil demand growth to 1,42 million barrels a day from 1,37 million expected in August. Global demand will therefore rise to 96,77 million barrels.
Saudi promises to cut output and limit crude oil exports to 6,6 million barrels per day - Wti above $46 a barrel, Brent up sharply.
According to Leonardo Maugeri's brief for Harvard, the cuts decided by the Organization of Exporting Countries will not be enough to counter the excess stocks, but will serve above all as psychological support to prices, which, however, seem destined to fall further, unless…
Such a broad agreement has not been seen since the 70s: the countries responsible for more than 50% of the world's oil supply coordinated.
The announcement that the oil cartel will cut production from January 2017, 1,5 has unleashed a flurry of hikes for the companies' recommended prices, with hikes of up to XNUMX cents - According to Quotidiano Energia the average national price for…
After the announcement of the OPEC agreement, crude oil prices rose by 10% and shook the stock markets, even if fears of rate hikes and the Italian referendum remain - Golden November for Wall Street, Europe in gray, black month for …
The Stock Exchange celebrates the Opec agreement, Prodi says Yes to the referendum: in the FIRSTonline compilation also Trump, the first sentence on Banca Etruria and updates on the Chapecoense tragedy.
Piazza Affari leads the class (+2,23%) on the wings of Saipem, Tenaris and Eni - The oil deal will allow production quotas to be cut: crude oil prices rise - Bpm and Mps recover - Dow Jones at record .
Oil prices rise further after the announcement of the agreement to cut production by 1,2 million barrels per day to 32,5 million barrels. Derogation for Iran
The Nigerian Sanusi Barkindo, secretary general of the oil cartel, has in fact announced that there is an agreement on oil production. Eni and Saipem are up. Milan rises driven by the MPS rise
The OPEC agreement pushes up price lists and boosts purchases of energy stocks. Eni develops renewables in Egypt. Kashagan production restarts
The oil peace is triggered: crude oil production falls, prices rise and oil stocks are inflamed on the Stock Exchange - Wall Street and Asia are tearing to the upside - Draghi defends Qe and attacks the German hawks: "Dear Germany,…
The twin disasters Deutsche Bank and Commerz shake banks and stock exchanges - Today Draghi faces the German hawks in the Bundestag - In the USA, a record confiscation of Wells Fargo - The predictable failure of the OPEC summit hits prices…
Yesterday Eni had already increased petrol and diesel by 2 and 1 cents respectively, while today it was the turn of TotalErg and Ip: the former raised the recommended green and diesel prices by 1 cent and the…
From Wednesday the ECB, which left rates unchanged and raised growth estimates, will also start buying investment-grade corporate bonds - OPEC disappoints but Wall Street goes to a seven-month high - 30% discount for…
The absence of decisions from the OPEC meeting in Vienna on the freezing of oil production quotas weighs on the price of oil and affects the stock exchanges which almost all close the slight decline: Piazza Affari loses 0,2% with bank stocks…
Markets with little movement waiting for news from the Austrian capital where both Opec and the ECB meet - In the middle of the day, Piazza Affari rises by 0,9%, almost 18 thousand and it is the best European stock exchange after that of…
AIAF CONFERENCE - According to Massimo Nicolazzi, head of energy for ISPI, it is possible that we are moving towards a gradual rebalancing between oil production and consumption with effects on prices but only towards the end of 2016 - "But oil…
The former Eni manager, now at Harvard, in the new study "The Global Oil Market: No Safe Haven for Prices" tends to exclude a recovery in prices in 2016. There is still a surplus in supply and demand is not rising enough. Forecasts…
OPEC's bearish strategy is not bearing the hoped-for results: shale oil fields in at least 10 Texas counties could continue to gain even with prices below $30
According to the cartel, this year the production of non-OPEC countries will decrease by 700 barrels a day, "because the cuts in investments" caused by the collapse in quotations "will begin to make themselves felt" - Meanwhile Iran, which has been shortly revoked the…
OPEC (in which Indonesia joins) has kept the production ceiling stable at 30 million barrels per day - Prices are falling, oil companies lose in Piazza Affari.
OPEC predicts large investment cuts - Global demand to grow to six-year high in 2016 as production in non-OPEC countries also slows
According to a report published by Bloomberg, there is a risk that the cartel will run out of time and face the same fate as other pacts on commodities, overwhelmed by market forces and technological innovations - New techniques,…
Despite the collapse of black gold from 115 dollars in June to 71 dollars of current prices (Brent fell by 37% in the period) the price of fuels remains high - Today new adjustments: the green Eni leads the declines…
Eni, Saipem and Tenaris fall in Piazza Affari - Evil in Europe Total, Repsol and BP - Brente is approaching 70 dollars a barrel and WTI is increasingly below 70 dollars.
OPEC does not cut production and the price of oil plummets (-6,38%) and drops below the psychological threshold of 70 dollars a barrel: oil stocks including Eni, Saipem and Tenaris suffer but Piazza Affari closes in progress ( +0,8%)…
Oil prices plunge to their lowest since 2010 in view of today's OPEC summit in Vienna and after the announcement that Arabia and its allies have decided not to cut production: the effects on the markets are very significant…
Oil at its lowest but a last minute agreement with OPEC on production cuts cannot be ruled out - Rates down and today the Bot auction aims for the record lowest yields - Apple superstar: it surpasses the 700 ceiling…
A PROPOSAL BY ALESSANDRO ORTIS, former president of the Electricity and Gas Authority - Against the high price of petrol, it is right to intervene on taxation and on the Italian cost chain, but we also need to think about the upstream and the idea of a European Stock Exchange of oil…
OPEC has published its usual monthly estimates on the trend of the oil market in a press release - Demand will increase by 900 barrels per day - The uncertainty is due to the crisis in the countries of the OECD area, and especially in Europe.
5-year BTP auction: yields soar to 6,47%, a record since 1997 - Good demand: 4,251 billion - The Treasury warns: today the spread is widening, but for technical reasons - Meanwhile Piazza Affari opens lower -…
According to the cartel of the major producing countries, this year the global demand for crude oil will fall below one million barrels per day, to then rise again to 1,19 million in 2012, in any case below previous estimates.
The Organization of the Petroleum Exporting Countries cut its forecast for global crude demand growth this year as the global economic outlook worsens and high prices are holding back consumption in advanced economies.
