|Day Low/High||26.74 / 26.96|
|52 Wk Low/High||16.18 / 27.48|
CNOOC paid almost five times more than needed for one block, while Chevron, ExxonMobil and Total also coughed up for currently unprofitable deepwater reserves.
The integrated oil majors should see some upstream segment improvement despite sequentially flat oil prices, as they put negative one-time factors from the second quarter behind them.
An unexpected loss from the Norwegian producer bodes badly for European oil companies' quarterly reporting season.
Nokia falls 7% as the CFO quits and third-quarter mobile equipment weakness echoes Ericsson woes.
Statoil, Eni, Galp and Total all release third-quarter results this week with the focus likely to be on cost control and dividend coverage.
The agency says 3 million barrels of U.S. crude were depleted this week, and reports show 33 million barrels of global capacity could be shut in due to the storm.
Energy stocks rise even as oil prices give up initial gains.
The oil cartel will reduce energy output at its next meeting in November, according to reports.
These stocks could be toxic to your portfolio in the month ahead.
Oil bounces back, German producer price data point to a continued low inflation outlook.
Oil prices fall, taking shares in the sector down with them, while German producer price data point to a continued low inflation outlook.
Outsourced services group Mitie plunges after a profit warning but Apple suppliers including Imagination Technologies and Infineon rise on evidence of strong sales of the new iPhone 7 and 7-Plus.
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