Articles by admin

BP will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels. Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in oil demand due to the pandemic. The move comes as Chief Executive Bernard Looney prepares to outline his strategy in September to “reinvent” BP including a reduced focus on oil and gas and …read more […]

The put-call volume ratio of bitcoin options suggests Monday’s price decline could be short-lived. However, the cryptocurrency remains vulnerable to a sell-off in stocks …read more […]

Top news and what to watch in the markets on Monday, June 15, 2020. …read more […]

Does the June share price for Apple Inc. (NASDAQ:AAPL) reflect what it’s really worth? Today, we will estimate the… …read more […]

(Bloomberg) — European equities slid again after slumping the most since March last week on lingering concerns about a second wave of infections and the pace of economic recovery.The Stoxx Europe 600 Index declined 1% as of 10:30 a.m. in London, paring an earlier drop of as much as 2.6%. Cyclical sectors such as travel, miners and oil sectors led losses, while defensives including health-care shares outperformed.The rally that saw European stocks rise more than 30% from March lows came to a halt last week as Covid-19 cases picked up in more than 20 U.S. states. Value and cyclical stocks …read more […]

With large gatherings limited during the coronavirus pandemic, artists are experimenting with new ways to perform, and some of these shows are already attracting millions of fans globally. WSJ explains. Image: Epic Games …read more […]

(Bloomberg) — Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude.Buckeye Partners LP expects to start loading ships with oil for export in the second half of July, after receiving crude at its South Texas Gateway terminal in the Port of Corpus Christi about a month earlier than planned.At least 15 other terminals have started exporting U.S. crude in recent years, encouraged by record shale production and growing demand for barrels in Asia. In April, Mercuria Energy Group-backed Pin Oak Terminals became one of the latest to start …read more […]

The firm expects prices to be lower as plans to cut carbon emissions are sped up in the wake of coronavirus. …read more […]

“China Unicom has chosen Nokia to support the buildout ofits 5G SA Core network in China, marking an expansion of Nokia’s existing 4G working relationship with the Chinese communication service provider,” Nokia said in a statement, adding the deal corresponded to a 10% share. At the end of April, Nokia’s Suri told Reuters in an interview that Nokia had won a 10% share of China Unicom’s 5G core network, alongside rivals Huawei and ZTE. …read more […]

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