(The status is updated continuously throughout the stock exchange day)
Oslo Poor’s opened on Wednesday. Three quarters of an hour after the opening, the main index rose 1.25 percent to 1,241.65.
The moves follow declines in both Asia and the United States yesterday, but European stock exchanges show resilience. The DAX is up 0.9 percent since the start, the CAC 40 is up 1.1 percent, the FTSE 100 is up 0.7 percent, and the European collective Stoxx 600 is up 0.7 percent.
The price of oil suffered a setback since the closing of the Oslo Poor’s on Tuesday, when the price of a barrel of North Sea oil reached $84.45. On Wednesday morning, the price of a barrel was $85.95, which gives an increase of 1.7 percent. US shale oil (WTI) rose nearly 2% in the same period to $82.70 a barrel.
So the price of oil is at its highest level in four months and we have to go back to mid-April, the last time it was this high.
In the aftermath of this weekend’s drone attack on a Russian oil tanker, Ukrainian President Volodymyr Zelensky stated that Ukraine would strike back to prevent Russia from “closing our waters”. As a result, there is an increased focus on Russia’s oil supplies, which pass through the perilous Black Sea.
– Analyst Ole-Rikard Hammer told Finansavisen a few days ago that it will undoubtedly lead to an increase in the price of oil.
Read the full explanation of oil and what affects movements here.
Shelf digging It reiterates its guidance on adjusted EBITDA of $310 million to $345 million for 2023, the company announced in its quarterly earnings report on Wednesday.
Norwegian He was awarded a four-year contract with the Norwegian Armed Forces. The contract will enter into force from the first quarter of 2024 and has a total estimated value of approximately NOK 1 billion. The share has risen 3.5 percent since the start.
John Frederiksen Drilling Company Noram for drilling It achieved a lower average rate in July than the previous month. The company will continue to pay NOK 0.93 per share of the dividend, a total of NOK 40 million, for the month of August. Noram shares fell 1.3 percent on Wednesday.
DNO An agreement on the concept of rapid development of oil and gas discovery in the Bras field has been concluded with the Bras Company OK.
“In order to reduce costs and increase synergies with Brage, it has been agreed that operator responsibility for Brasse will be transferred to OKEA as of September 1,” OKEA wrote in its letter.
Versal stock is up 1.3 and 3 percent, respectively, today.
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