Any UK firm with employees can apply for the grant provided they had set up a payroll scheme before 28 February 2020. Web-chat services and phone lines are now available to help answer applicants' questions. The government has said the HMRC portal is easy to use and offers a step-by-step application process, and it claims up to 5,000 staff will be manning call centres and an online live chat ser... [Full Article...]
This specific time, negative prices were driven by an unusual circumstance due to an expiring futures contract . Prices turning negative, is an unprecedented phenomenon in the oil markets as traders paid buyers to lower their stock of oil. [Full Article...]
The negative price means oil producers have no more room to store the oil. While US oil prices are trading in negative territory for the first time ever, it is unclear whether that will trickle down to consumers, who typically see lower oil prices translate into cheaper gasoline at the pump. [Full Article...]
What we're watching: Economists generally say that the lower prices are at one point, the higher they will be at some point in the future. The national average price for gallon of gasoline stands at $1.80, per AAA, but several states have prices significantly lower, GasBuddy writes. [Full Article...]
Negative oil prices on Monday were a "quirk", says one market expert. USA crude prices bounced back into positive territory Tuesday, a day after crashing below $0.00 for the first time owing to crippled demand and a storage glut, while the commodity rout sent Asian equities sharply lower. [Full Article...]
Even before Monday's plunge, buyers in Texas were offering as little as $2 a barrel last week for some oil streams. May-expiry US oil futures tumbled below zero on Monday for the first time as traders tried to avoid having to take delivery of the physical product because of low demand and a scarcity of places to store it amid rampant oversupply. [Full Article...]
May delivery for the USA benchmark crude, West Texas Intermediate, is capable of trading at a negative value but never had before Monday's close of the oil market. The consumer sector fell almost 1.8 per cent with shares of Linamar Corp. losing 3.6 per cent and Restaurant Brands International Inc. down 3.3 per cent. [Full Article...]
United Kingdom based HSBC with $598 million and Dutch bank ABN Amro with $299 million are the banks with the largest exposures, according to company filings analysed by S&P Platts. On Friday (17 April), both Hin Leong and Ocean Tankers filed for court protection from creditors as the former is unable to repay its debt. After credit lines were pulled due to financial concerns, reports emerg... [Full Article...]
Any UK firm with employees can apply for the grant provided they had set up a payroll scheme before 28 February 2020. Web-chat services and phone lines are now available to help answer applicants' questions. The government has said the HMRC portal is easy to use and offers a step-by-step application process, and it claims up to 5,000 staff will be manning call centres and an online live chat ser... [Full Article...]
This specific time, negative prices were driven by an unusual circumstance due to an expiring futures contract . Prices turning negative, is an unprecedented phenomenon in the oil markets as traders paid buyers to lower their stock of oil. [Full Article...]
The negative price means oil producers have no more room to store the oil. While US oil prices are trading in negative territory for the first time ever, it is unclear whether that will trickle down to consumers, who typically see lower oil prices translate into cheaper gasoline at the pump. [Full Article...]
What we're watching: Economists generally say that the lower prices are at one point, the higher they will be at some point in the future. The national average price for gallon of gasoline stands at $1.80, per AAA, but several states have prices significantly lower, GasBuddy writes. [Full Article...]
Negative oil prices on Monday were a "quirk", says one market expert. USA crude prices bounced back into positive territory Tuesday, a day after crashing below $0.00 for the first time owing to crippled demand and a storage glut, while the commodity rout sent Asian equities sharply lower. [Full Article...]
Even before Monday's plunge, buyers in Texas were offering as little as $2 a barrel last week for some oil streams. May-expiry US oil futures tumbled below zero on Monday for the first time as traders tried to avoid having to take delivery of the physical product because of low demand and a scarcity of places to store it amid rampant oversupply. [Full Article...]
May delivery for the USA benchmark crude, West Texas Intermediate, is capable of trading at a negative value but never had before Monday's close of the oil market. The consumer sector fell almost 1.8 per cent with shares of Linamar Corp. losing 3.6 per cent and Restaurant Brands International Inc. down 3.3 per cent. [Full Article...]
United Kingdom based HSBC with $598 million and Dutch bank ABN Amro with $299 million are the banks with the largest exposures, according to company filings analysed by S&P Platts. On Friday (17 April), both Hin Leong and Ocean Tankers filed for court protection from creditors as the former is unable to repay its debt. After credit lines were pulled due to financial concerns, reports emerg... [Full Article...]