Articles by Rebecca Torres
Occidental Petroleum Surges on Oil Price Spike, Bond Tender in Focus
Occidental Petroleum shares rallied sharply in premarket trading Monday, mirroring a surge in oil prices driven by escalating Middle East tensions. Investors are also focused on an early tender deadline for the company's debt buyback offer.
Chevron Rises on Supply Fears as Middle East Attacks Disrupt Oil, Gas Output
Chevron shares advanced roughly 4% in premarket trading Monday after fresh attacks on Middle Eastern energy infrastructure sent crude prices soaring and heightened supply concerns.
Chevron Gains as Middle East Attacks Drive Oil Price Surge
Chevron shares advanced approximately 4% in Monday's premarket session as Brent crude surged up to 13% following attacks on Middle Eastern energy facilities and shipping routes, raising supply concerns.
Fresnillo Stock Climbs Despite Valuation Concerns Ahead of Earnings
Fresnillo shares gained 1.1% in early London trading, continuing a strong 2024 rally. Valuation models suggest the stock may be significantly overvalued as investors await full-year results.
Rio Tinto Gains in London Despite Iron Ore Weakness Ahead of China Policy Meetings
Rio Tinto's London-listed shares advanced 0.6% to 7,379 pence, even as iron ore futures declined in Asia. Market attention is centered on China's upcoming policy meetings and Rio's ex-dividend date on March 5.
Shell Shares Near 52-Week High as Hormuz Disruption Sends Oil Soaring
Shell shares closed at 3,073.5 pence, up 1.6% and near a 52-week high, as Brent crude jumped up to 13% after attacks disrupted shipping in the Strait of Hormuz. OPEC+ agreed to a modest April output increase.
Shell Shares Near High as Strait of Hormuz Disruption Sends Oil Soaring
Shell shares gained 1.6% to 3,073.5 pence, nearing a 52-week high, as Brent crude jumped up to 13% following attacks disrupting shipping in the Strait of Hormuz. FTSE futures declined 0.6% in early trading.
Northern Star Surges on Gold Rally, Dividend Date Looms
Northern Star Resources climbed 4.8% as gold rallied on safe-haven demand. Investors now focus on the March 4 ex-dividend date for a $0.25 payout.
Northern Star Surges on Gold Rally, Dividend Date Looms
Northern Star Resources Ltd rallied 4.8% to A$31.73 as gold prices surged following military strikes in the Middle East. Investors now focus on the March 4 ex-dividend date for a A$0.25 interim payout.
Woodside Energy Surges on Oil Price Spike Amid Hormuz Tensions
Woodside Energy Group Ltd shares surged 6.8% to close at A$30.24 on Monday, driven by a sharp rally in oil prices due to escalating Middle East tensions threatening supply routes. The stock traded 14.5 million shares ahead of its March 5 ex-dividend date.
Woodside Energy Surges on Oil Price Spike Amid Hormuz Tensions
Woodside Energy Group Ltd shares surged 6.8% to A$30.24 on Monday, driven by a sharp rally in oil prices following escalating tensions in the Middle East that threaten supply routes through the Strait of Hormuz.