Fiona Cincotta

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FTSE Lower as Oil Sinks

FTSE lower as oil sinks A stronger pound, weak commodity prices and National grid weighed on the FTSE, keeping the index in the red across the day. Even Wall Street rebounding from yesterday's heavy sell off hasn't managed to pull the FTSE out of the doldrums. Oil tumbles to 14 month low With co ...

Fiona Cincotta


Posted 4 months agoOpinion > Oil88 Energy

Petrofac: Earnings Release

Petrofac's profits are down as expected after it offloaded unwanted assets at a loss to get is balance sheet back in shape. What the market was really looking for today was project wins and Petrofac has come up with the goods with the new Algeria contract. New order intake is now at a level that can ...

Fiona Cincotta


Posted 7 months agoOpinion

Global Indices Gain From Oil

The FTSE soared over 1.1% on Wednesday as the rally in oil lifted heavyweight oil majors such as Shell and BP, whilst more M&A activity also boosted sentiment. The FTSE outperformed most of its European counterparts closing at 7651. The price of oil continued its rally on Wednesday, lifted primarily ...

Fiona Cincotta


Posted 11 months agoPress > 2017 Oil industry Predictions

Brent Above $65 Market Update

Brent above $65 Brent has continued to charge northwards this morning, adding to yesterday's impressive gains and pushing the black stuff over $65 the barrel for the first time since 2015. This is Brent's fourth straight positive session, which has seen Brent climb over $4.5 dollar since last Thursd ...

Fiona Cincotta


Posted 1 year agoOpinion > United Kingdom

Rising Oil Prices Lift BP's Fortunes

Fiona Cincotta, a senior market analyst at www.cityindex.co.uk The rising oil price has certainly lifted BP's fortunes, though the extent of this bumper profit increase is testament to the company's cost-cutting efforts.  Getting its break-even cost down to $49 a barrel is no mean feat and has hel ...

Fiona Cincotta


Posted 1 year agoOpinion > BP
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