AuthorLesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

BP to sell North Sea assets

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The British oil and gas group BP wants to sell assets in the North Sea to its counterpart Premier Oil. The latter party counts 625 million dollars for that, the companies have agreed. It concerns interests of 50 percent to 100 percent in five oil fields in the Andrew Area and an interest of nearly 28 percent in the Shearwater oil field. In addition, Premier Oil wants to buy an additional 25...

Gold and oil prices are growing after US assassination of Iranian war leader

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The price for a barrel of Brent oil was 2.4 percent higher at $ 70.26. Tensions increased further during the weekend. US President Donald Trump threatened retaliation if Iran “did something.” Iran vowed to take revenge again for the deadly attack on Soleimani. Attacks on Saudi oil fields could seriously disrupt the oil supply. There is also a fear that Iran will attack oil tankers in...

Shell lags behind in the greenwashing campaign

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Oil and gas group Shell is lagging behind with its intended investments in green energy. Shell will have to invest twice as much in renewable energy this year as in the past three years if it is to achieve its own sustainability goals. The Dutch-British group promised to invest between 1 billion and 2 billion dollars in sustainable projects such as solar parks and wind turbines at sea in the...

Nikkei fell 0.2 percent on low volumes

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The stock market in Japan is closed somewhat lower on Wednesday. The trading session was very quiet due to the holidays. Many international financial markets are closed for Christmas. The Nikkei index finished 0.2 percent in the minus at 23,782.87 points. The stock market in Shanghai also saw a small minus. Nissan was a striking fall. The car manufacturer sees one of his top drivers leave. Jun...

OPEC is approaching further production limitation deal

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OPEC oil cartel is approaching a deal for a further production limitation of 500,000 barrels per day. Delegates from different delegations report this. The OPEC countries and their allies such as Russia are likely to formally announce the agreements made on Friday. A reduction in production with 500,000 barrels per day would barely move oil prices, experts say. Such a step would simply be a...

An attempt to merge Mediaset and Vivendi failed

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Media companies Mediaset and Vivendi were unable to settle their argument about a controversial reshuffle of the corporate structure at that first party on Friday. The two companies are now fighting their confrontation in court. Vivendi, the second largest shareholder in the media company of former Prime Minister Silvio Berlusconi, is strongly opposed to a merger of the Italian and Spanish...

Sale of branches propelled Rémy Cointreau profits

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Cognac producer Rémy Cointreau closed the first half of its broken financial year with a higher profit. This was mainly due to the sale of certain business units in Eastern Europe. Without those one-off revenues, the result was actually lower. The company behind luxury beverage brands such as Rémy Martin and Louis XIII achieved a profit of 90.5 million euros, an increase of 3.5 percent compared...

Unilever recalls US products because of listeria contamination

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Food producer Unilever is recalling products in the United States because of a possible infection with the listeria bacteria. It concerns products such as chicken broth and soup from the Lipton, Knorr and LeGoût brands. The recall is the result of a similar promotion from a Unilever follow-on supplier. The company warned authorities about possible listeria. There are no known cases of disease so...

Steel companies in the US raise prices

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Large steel companies in the United States are raising their prices after having offered substantial discounts earlier this year in order to attract customers. These are, for example, Nucor, ArcelorMittal and U.S. Pat. Steel. Steel prices in the US have fallen by 32 percent since the beginning of this year, putting pressure on the profitability of steel producers. Furthermore, the demand for...

OPEC: lower market share in the coming years

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Oil cartel OPEC expects to have to pump up considerably less oil in the coming years. The market share of the organization for oil-exporting countries will therefore fall to around 2025. The reason for the lower oil production of the OPEC countries is the large amount of American shale oil that is flooding the market. The amount of shale oil that the Americans produce is rising faster than what...

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