Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

magazine

15 year breakthrough for oil

Major step forward in effort to curb production

For the first time since 2001 OPEC has agreed coordinated action with non-member oil producers to support the oil price.

The deal between the production cartel and a number of other countries, including Russia, Kazakhstan and Oman, is for a production cut of 558,000 barrels of oil and helped lift the oil price to its highest level since July 2015.

The Brent benchmark traded within touching distance of $60 per barrel which is a level that both Royal Dutch Shell (RDSB) and BP (BP.) have signalled they could fund capex and dividends from organic free cash flow.

‹ Previous2016-12-15Next ›


15 Dec 2016

Download PDF

Page flip version

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team
Disclaimer

Issue contents

Big News

Editor's View

Feature

Funds

Great Ideas

Great Ideas Update

Investment Trusts

Larger Companies

Main Feature

Money Matters

Smaller Companies

Story In Numbers

Talking Point

Under The Bonnet

Magazine archive


25 Apr 2024
18 Apr 2024
11 Apr 2024

4 Apr 2024
28 Mar 2024
21 Mar 2024

14 Mar 2024
7 Mar 2024
29 Feb 2024