Oil Search launches $1.2b capital raising

Oil Search launches $1.2b capital raising

ASX-listed energy producer Oil Search is tapping investors for $US1.16 billion ($A1.90 billion) in order to withstand a prolonged period of low oil prices. The Papua New Guinea and Alaska-focused firm says its $US700 million raising will be conducted at $2.10 per...
Oil Search launches $1.2b capital raising

Gold jumps on COVID-19 stimulus measures

Gold prices surged over 2.0 per cent to a more than three-week high on Monday on expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus. Spot gold was up 2.3 per cent at $US1,653.35 per ounce, having hit...
Oil Search launches $1.2b capital raising

Copper up on slowing COVID-19 infections

Copper has risen, supported by a slowdown in the death toll from coronavirus in some European countries and falling inventories, though fears of recession continued to weigh on prices. Benchmark copper on the London Metal Exchange was up 1.1 per cent at $US4,891 a...
Oil Search launches $1.2b capital raising

Oil dips after delays in Saudi-Russia meet

Oil prices have slumped, pulling back from last week’s gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand. The global oil market rebounded over 35 per...
Oil Search launches $1.2b capital raising

Wall St jumps as coronavirus deaths slow

The S&P 500 was on track to recoup about $US1 trillion ($A1.6 trillion) in market value in a frantic rally after New York, the biggest US coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level off soon. All three main...