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Pin to quick picksTullow Oil Share News (TLW)

Share Price Information for Tullow Oil (TLW)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 36.08
Bid: 35.88
Ask: 35.98
Change: 0.98 (2.79%)
Spread: 0.10 (0.279%)
Open: 35.02
High: 36.08
Low: 35.00
Prev. Close: 35.10
TLW Live PriceLast checked at -

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Wednesday preview: US oil inventories, Fevertree in focus

Tue, 21st Apr 2020 16:13

(Sharecast News) - Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.
They will also be scrutinising the news headlines out overnight for any policy initiatives out of Washington or regulators to alleviate the shortage of storage space or to curb production.

Among other details of that report, said analysts at DWS, traders would be looking for signs of lower refinery activity on the back of stil depressed demand from the transportation sector, which could add to the glut of oil and hence to the downwards pressure on prices.

Nonetheless, looking out to beyond the next couple of months, they said: "U.S. supply might well decline faster than it otherwise would have, resulting in a strong price recovery in late 2020 and early 2021, once the worst of the Covid-19 crisis is behind us."

On home shores, consumer price data for March are only expected to reveal a slight slowing in inflation.

The year-on-year rate of increase in both headline and core CPI are seen slowing from a 1.7% in February to 1.5% for March.

However, economists are unanimous that the impact of the lockdown measures which began during the previous month would not start coming through in the data until April.

Across the Channel meanwhile, a survey of French business confidence in April is due out.

Further afield, rate-setters in Turkey are set to meet to decide on policy.

On the corporate front meanwhile, carbonated mix maker Fevertree is scheduled to publish its latest full-year numbers.

According to Michael Hewson, chief market analyst at CMC Markets UK, investors will be trying to better gauge the outlook for the firm's margins.

"In some respect it has become a victim of its own success, being the leader in most of its market's investors are looking at what comes next," Hewson said.

"Recent events in the global economy haven't helped either and while the tonics market remains a resilient one it remains to be seen as to whether the types of margins that the company was able to achieve a year ago can be sustained in the face of an upcoming global recession."

Wednesday 22 April

FINALS

Boohoo Group, JTC, FEVERTREE DRINKS, XLMedia, RTW Venture Fund Limited NPV

INTERIMS

AB Dynamics, WH Smith

TRADING ANNOUNCEMENTS

CRH

AGMs

EP Global Opportunities Trust, Premier Global Infrastructure Trust, Glanbia, Drax Group

EGMs

Arkle Resources

ANNUAL REPORT

RTW Venture Fund Limited NPV

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Retail Price Index (07:00)

Producer Price Index (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)
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7 Sep 2022 15:53

UK earnings, trading statements calendar - next 7 days

Thursday 8 September 
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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LONDON MARKET MIDDAY: FTSE 100 shades green; US returns from holiday

(Alliance News) - The FTSE 100 was being boosted by housebuilders at midday on Tuesday, while a raft of UK consumer stocks were enjoying a rally on the hopes that the new prime minister, Liz Truss, will help soften the blow of surging energy bills.

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6 Sep 2022 11:33

Capricorn explores other deals as Tullow merger faces backlash

Sept 6 (Reuters) - Capricorn Energy, whose planned merger with rival Tullow Oil has faced investor backlash, said on Tuesday it was exploring alternative deals after unnamed parties expressed interest.

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6 Sep 2022 09:43

TOP NEWS: Capricorn Energy considering alternatives to Tullow merger

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23 Aug 2022 17:21

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Key investor Madison Ave says Capricorn worth more than planned Tullow deal

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9 Aug 2022 10:44

Capricorn should ditch Tullow merger deal, Palliser says

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9 Aug 2022 10:04

Palliser calls for Capricorn Energy to withdraw from Tullow merger

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Capricorn investor Palliser calls on management to ditch Tullow deal

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Shareholder Palliser urges Capricorn to call off Tullow deal

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Tullow Oil abandons Guyana well after dismal drilling results

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