Oil prices slip on Sverdrup field restart, geopolitical fears support [Globe and Mail, The (Toronto, Canada)]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Globe and Mail, The
Sverdrup oil field, although investor caution arising from fears of an escalation in the Russia-Ukraine war limited the decline. Equinor has resumed partial production from the oil field, Western Europe's largest, following a power outage. An outage at the North Sea field helped prices to climb by over 3 per cent on Monday. Brent crude futures were down 45 cents, or 0.6 per cent, to $72.85 a barrel by 0915 GMT, while U.S. West Texas Intermediate crude futures slipped by 46 cents, or 0.7 per cent, to $68.70. “I guess the partial restart of the Sverdrup field is the driver of the setback, as well a slightly stronger U.S. dollar,” said Giovanni Staunovo, analyst at UBS. The U.S. dollar edged up on Tuesday to within striking distance of its one-year high. A strong dollar makes commodities like oil more expensive for other currency holders and tends to weigh on prices. Another continuing outage provided support. Kazakhstan's biggest oil field, Tengiz, has reduced oil output by 28
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EQNR
Earnings
- 10/24/24 - Beat
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Sec Filings
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- EQNR's page on the SEC website