FlowBank
en

975 days ago

BP is increasing buybacks and dividends in line with its peers in the oil industry

The oils majors are hiking returns as they express confidence that the worst of the coronavirus pandemic's collapse has passed. Their goal is to entice investors who are becoming concerned about the future of fossil fuels in the face of climate change. BP plans to increase their resilient dividend by 4% per ordinary share and start a $1.4 billion buyback program from first-half surplus cash flow. Source: Bloomberg

#Commodities

976 days ago

Lithium-ion batteries used in EV face a soaring demand

With EV becoming more popular, electric car sales are expected to grow from 4% to 24-34% in 2030, thus creating a surging demand for battery metals such as lithium. Recycled materials could help ease supply concerns, but analysts believe it will only be enough to cover 20% of demand at most over the next decade. Source: Financial Times

#Commodities

976 days ago

Bloomberg Commodity Price Index reaches DECADE high

Bloomberg’s broad commodity index hit the highest level in a decade.

#Commodities
Bloomberg Commodity Price Index reaches DECADE high

976 days ago

Oil prices are falling due to concerns about China's economy and increased crude output

Oil prices dipped as investors worried about China's economy after a survey revealed that manufacturing activity in the world's second-largest oil user had fallen substantially, with anxieties heightened by OPEC producers' increased supply. Brent crude oil futures slid by 1% to $74.65 a barrel. Source: Reuters

#Commodities

979 days ago

Exxon and Chevron profits have returned to pre-pandemic levels

Exxon Mobil Corp. and Chevron Corp. both made their best earnings since before the epidemic, thanks to rising demand for plastics and energy prices. Exxon reported $4.69 billion in profit, the best quarter since late 2019. Whereas Chevron's $3.1 billion second-quarter net income was its strongest since the start of 2020. Source: Bloomberg 

#Commodities
More live news
bg_newsletter

Client Positioning


CFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. You should consider whether you understand how CFDs work. Please see our Risk Disclosure Notice so you can fully understand the risks involved and whether you can afford to take the risk.


This website is owned and operated by FlowBank S.A, a company regulated by the Swiss Financial Market Supervisory Authority (FINMA) and a member of esisuisse. The list of banks and securities firms authorized by FINMA can be accessed here. Depositor protection in Switzerland is provided by esissuisse for a maximum of CHF 100,000.- per client. Details concerning this protection system are explained at www.esisuisse.ch/en

FlowBank is affiliated with the Swiss Banking Ombudsman. Therefore, if you wish to initiate a mediation procedure with the Swiss Banking Ombudsman after your complaint to FlowBank, please contact the Ombudsman according to the instructions provided on its website: https://bankingombudsman.ch/en/

 

The information on this site is not directed at residents of the United States, Belgium, Canada, or any person in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.

 

Trading Forex and other leveraged products carries high risks and may not be apt for everyone. Before you consider trading these instruments please assess your experience, goals, and financial situation. You could lose your initial investment, so don't use funds you can't afford to lose or that are essential for personal or family needs. You can consult a licensed financial advisor and ensure you have the risk tolerance and experience.


Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

FlowBank S.A, Esplanade de Pont-Rouge 9, 1211 Geneva 26, Switzerland
FlowBank S.A, Seidengasse 20, 8001 Zurich, Switzerland