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Top related persons:
Charles Eddie - 1 Brent - 1 Goldman Sachs - 1 Goldman - 1 Levi Strauss - 1 Philips — - 1 ResMed - 1 Tesla - 1
Top related locs:
Belgian Suez Ismailia Egypt The Eastern Europe Ukraine Dutch
Top related orgs:
Euronav SA - 1 The West Texas Intermediate - 1 Resources - 1 Street Journal - 1 Exxon Mobil - 1 Exxon - 1 Philips - 1 U.S . Food - 1

Search resuls for: "Euronav SA"


3 mentions found


☆ Oil holds steady as Ukraine drone strikes, Red Sea crisis cause disruptions
  + stars: | 2024-03-26 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +1 min
The Charles Eddie, a crude oil tanker owned by Euronav SA, a Belgian shipping company, sails northbound on the Suez Canal in Ismailia, Egypt. Crude oil futures held steady on Tuesday as the wars in Eastern Europe and the Middle East disrupt supplies. Ukraine has escalated its drone strikes against Russian oil refineries, knocking an estimated 900,000 barrels per day of capacity offline, according to Goldman Sachs. The disruptions' impact on crude prices will likely be mixed, with a decline in refinery demand bearish while a potential reduction in Russian oil exports bullish, Goldman noted. The Red Sea disruptions combined with Russian shipping frictions has given crude prices up to a $4 boost per barrel due to larger than expected draws from commercial stocks, according to Goldman.
Persons: Charles Eddie, Brent, Goldman Sachs, Goldman Organizations: Euronav SA, The West Texas Intermediate Locations: Belgian, Suez, Ismailia, Egypt, The, Eastern Europe, Ukraine
☆ Stocks making the biggest premarket moves: Pioneer Natural Resources, Levi Strauss, Tesla, Philips and more
  + stars: | 2023-10-06 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Check out the companies making the biggest moves in premarket trading:Pioneer Natural Resources — The energy stock soared nearly 10% in premarket trading after The Wall Street Journal reported Pioneer was close to reaching a deal to be bought by Exxon Mobil for about $60 billion. Levi Strauss — The denim apparel maker shed 1.3% after cutting its full-year sales forecast. Apellis Pharmaceuticals — Shares of the biopharmaceutical company rose 5.5% after Apellis reported growing sales for its Syfovre drug in August. Aehr Test Systems — Shares fell more than 11% despite Aehr Test Systems reporting an earnings and revenue beat for its first quarter. Frontline — The shipping stock shed 4.8% in premarket trading after Euronav said its second shareholder, Compagnie Maritime Belge, would acquire Frontline's shares in Euronav for $18.43 per share.
Persons: Levi Strauss, Philips —, ResMed, Tesla, Euronav, Macheel, Jesse Pound Organizations: Resources, Street Journal, Exxon Mobil, Exxon, Philips, U.S . Food, Drug Administration, FDA, U.S, Apellis Pharmaceuticals, JPMorgan, Aehr, Systems, Compagnie Maritime Belge Locations: Dutch, U.S, Euronav
☆ Sunken oil tanker merger leaves CEO adrift
  + stars: | 2023-01-10 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Jan 10 (Reuters Breakingviews) - Promising to lock his main shareholder in a “gilded prison” may not have been the best way to win support for a controversial merger. So now Euronav (EUAV.BR) Chief Executive Hugo De Stoop will not head the $6 billion oil tanker empire that would have resulted from a deal with rival Frontline (FRO.OL). The slightly smaller suitor on Monday called off an all-share deal that dated back to last April, when the parties agreed to merge. Investors’ apparent surprise came even though Euronav’s main shareholder, family-controlled Compagnie Maritime Belge, increased its stake to more than 25%, with the apparent goal of crippling the deal. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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