Allianz Global Investors prepared to sell Osram stake to AMS if no better option comes
Allianz Global Investors , the biggest shareholder of Osram , is prepared to sell its stake to chipmaker AMS in the course of its 4.3 billion euro ($4.75 billion)takeover attempt if no better bid is made, a source said on Monday.
Biggest oil price surge since 1991 as ‘locked and loaded’ U.S. points finger at Iran for attack
An attack on Saudi Arabia that shut 5% of global crude output triggered the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate.
German petrol prices at pumps stable after Aramco attack: industry group
The attacks against oil refineries in Saudi Arabia have so far had no impact on prices at filling stations in Germany, the country’s Petroleum Industry Association said on Monday.
EU says need to determine Saudi attack facts before establishing blame
The European Commission said on Monday it was important to determine the facts behind the attack on Saudi Arabia’s oil facilities before establishing who was responsible.
U.S. energy secretary says oil market robust after attack on Saudi plants
The oil market is resilient and will react positively to the attack on Saudi Arabia’s oil industry, U.S. Energy Secretary Rick Perry said on Monday, blaming the attack firmly on Iran.
Releasing oil reserves is joint decision of IEA: Germany
The German government said on Monday its supply of oil was not affected by attacks at the weekend against Saudi refineries and any decision to release strategic reserves needed to be made jointly with members of the International Energy Agency (IEA).
Oil prices surge nearly 20% after attack on Saudi facilities
Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom’s production.
Saudi Aramco swaps crude on tanker to heavy from light grade: source
Saudi Aramco has changed the type of crude loading onto a tanker due to go to Asia to Arab Heavy from Arab Light, a source familiar with the matter said.
Oil soars after Saudi supply shock, stocks slide
Oil prices climbed to four-month highs on Monday and world stocks slid after weekend attacks on crude facilities in Saudi Arabia shut about 5% of the world’s supply and fueled worries over the impact of an oil shock on economic growth.
Airbus, French exporters slip as U.S. tariffs loom in subsidy row
Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies.
