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S&P/ASX 200 lifts 0.65% as consumer confidence rises to 19-month high
Companies
S&P/ASX 200 lifts 0.65% as consumer confidence rises to 19-month high
Brent crude oil futures for July gained 2.9% to US$68.40 a barrel after a new deal to lift sanctions against Iran became less likely than it was last week. Mizuho’s Bob Yawger said, “The Iranians and western powers cannot get the details worked out that will get this deal signed and delivered.”
S&P/ASX 200 (INDEXASX:XJO) has lifted 0.65% to 7091.7 points by about 1 pm following a strong lead from Wall Street.
The mood is upbeat as the weekly ANZ-Roy Morgan consumer confidence rating rose by 1.5% to a 19-month high of 114.2 (long-run average since 1990 is 112.6).
Triangle Energy and Pilot formalise WA-481-P and Cliff Head Wind and Solar joint ventures
The transaction creates alignment across the oil and gas exploration project (WA-481-P), the adjacent oil production project (Cliff Head Oil project) and the renewables joint venture. Triangle managing director Robert Towner said the transaction marks a new era for the Mid-West energy sector and Perth Basin.
Triangle Energy (Global) Ltd (ASX:TEG) and Pilot Energy Ltd (ASX:PGY) have executed joint venture agreements and access deeds formalising the WA-481-P upstream joint venture and the Cliff Head Wind and Solar joint venture.
WA-481-P is immediately adjacent to, contiguous with and surrounds the Triangle-operated offshore Cliff Head Oil Field.
S&P/ASX 200 rises even as health and technology stocks continue to lag
Companies
S&P/ASX 200 rises even as health and technology stocks continue to lag
Oil prices slipped on Thursday, reversing early gains under pressure from rising COVID-19 infections in India and other Asian countries. Top gainers
S&P/ASX 200 (INDEXASX:XJO) has gained 0.29% to 7,082.5 points by 12.55 pm with the major banks, mining and energy firms helping the index move higher.
Health and technology stocks continued to lag, with the information technology sector declining 2.91%.
Afterpay tumbles
Buy now, pay later firm Afterpay (ASX:APT) continued its fall today, slipping another 7.4% to hit a new seven-month low of $92.18.
Triangle Energy considering oil marketing opportunities for its Cliff Head oil field
Triangle Energy (Global) Ltd s (ASX:TEG) Rob Towner speaks to Proactive s Andrew Scott soon after announcing they ve reached an agreement with BP PLC (LON:BP) (NYSE:BP) (FRA:BPE5) to store crude oil at BP’s Kwinana facility in Western Australia. The storage agreement is for one year and brings to an end a period of uncertainty regarding the storage of oil from Triangle Energy’s flagship Cliff Head Oil Field in the Perth Basin.
Quick facts: Triangle Energy (Global) Ltd
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