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European Equities Traded in the US as American Depositary Receipts Flat in Monday Trading
European equities traded in the US as American depositary receipts started the week off on a flat note late Monday morning, nudging 0.002% higher to 1,452.10 on the S&P Europe Select ADR Index.From co
The four major energy giants will share 40% equity in the Ruwais LNG project owned by ADNOC, and fuel production in the UAE will double and soar.
According to insider sources, ADNOC has decided to distribute 40% of its shares in the Ruwais LNG project to the world's four major energy giants.
Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Crude oil product analysis at noon: Brent crude oil futures prices fell, with limited impact from the storm.
Hurricane Beryl is expected to make landfall in Texas, but the projected path suggests it may not have a significant impact on the oil refining and export industry in the Corpus Christi area. Chevron has begun sending non-essential personnel back to offshore facilities.
The driving force behind oil prices? Tropical storms hit Texas and oil ports are closed.
Tropical storm 'Beryl' advances into Texas, and some of the largest oil export hubs in the United States are closed.
What the U.K. Election Means for Oil Stocks and Other Sectors -- Barrons.com
By Brian Swint U.K. voters gave the biggest election victory to the Labour Party since former Prime Minister Tony Blair's landslide win in 1997. If history is anything to go by, that could be a boon