However, after two days of significant declines, oil prices have rallied since the previous close, supported by dollar weakness, while gains are capped by demand concerns. Poor liquidity at the start of the year also contributed to high volatility in oil futures contracts, Bloomberg notes.
An increase in COVID-19 cases across China is dampening demand in the short term, clouding optimism that raw material consumption in the world’s largest oil importer will eventually pick up again.
Signs of a global recession, poor catch-up in China as COVID-19 cases surge, and muted sentiment towards risk are all motivating factors to keep oil prices in check, Jun Rong Yip, market strategist at IG Asia, told Bloomberg.
Read the full review of the oil here.
movements
The impact of lower demand after the pandemic and the impact of the macroeconomic environment on labor turnover ArcticZymes Technologies , the company is unable to meet the directives. The stock has been collapsing from the start on the Oslo BORSE and is down about 24 percent when trading starts.
More than 40 percent of the passengers flew along Norwegian In December 2022 compared to December 2021. 1.3 million passengers were carried for the previous month and Christmas traffic returned to the level of 2019. Investors thus increased the stake by 1.5 percent.
Yara He will rebuild ammonia plants in Germany. This would provide an increased import capacity for ammonia, which is equivalent to 530,000 tons of hydrogen. The share rose 0.2 percent.
The price of ultrapure silicon for the solar industry is declining. This does not prevent lead investor Eric Most from buying up to Silicon REC 15 largest shareholder. However, REC’s stake responded by 2 percent from the start in Oslo Poor’s on Thursday. Inventory has roughly halved since August 2022.
Rana Grouper It produced 460,000 tons of concentrate in the last quarter of 2022, compared to 469,000 tons in the third quarter of 2022.
Adgell for drilling on behalf of Cimc Offshore, has accepted a contract with PGNiG Upstream Norway for the use of the Deepsea Yantai drilling rig.
“Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff.”
