Oil rose after OPEC+ signaled that it’ll pause output increases next quarter, following a modest hike for next month. The Organization of the Petroleum Exporting Countries and allies said on Sunday they would raise output by 137,000 barrels a day in December, matching expectations. The group will then take a January-to-March hiatus. Geopolitical tensions also weighed on crude, following Donald Trump’s comments on possible US military action in OPEC cartel members Venezuela and Nigeria.
BP agreed to divest stakes in US shale assets to Sixth Street for $1.5 billion. Funds managed by the US investment firm will purchase non-controlling interests in the Permian and Eagle Ford midstream assets, BP said in a statement. Elsewhere in markets, Ryanair slipped despite a quarterly profit beat after a prolonged rally this year.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta, Guy Johnson and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:00:43 – Oil Gains Again
00:04:02 – European Earnings This Week
00:05:25 – Trump, Xi Reach Truce
00:07:14 – Oil Price, OPEC+ Pauses Output Hike
00:09:23 – Berkshire Hathaway Cash Pile
00:09:54 – French Budget
00:10:00 – Reeves Eyes Taxes on Rich
00:13:42 – BP Sells Stake in Permian, Eagle Ford Assets
00:16:07 – S&P Futures, Investor AI Exposure
00:24:32 – Bond Yields
00:30:40 – Powell on December Fed Cut
00:35:03 – RyanAir CEO on Passenger Traffic Goal
00:36:47 – Peak in Oil Price is Not Good for Society: Eni CEO
00:39:19 – Dollar Rebound
00:46:38 – Stocks to Watch: RyanAir, BP, Nestle
01:03:36 – RyanAir Stock
01:06:50 – Series Shanghai Stock Surges
01:09:21 – Tesla Complaints Rise
01:16:28 – Oil Market Risk of Oversupply
01:24:08 – Copper price
01:30:23 – Novo Nordisk Reports Wednesday
01:34:06 – US Government Shutdown Risks
——–
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