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The Oslo Stock Exchange opens on Monday.
After more than 20 minutes of trading, the main index is 847.97, up 1.29%, and the shares were traded for 298 million.
oil prices
Brent oil is up 2.14% to 60.06 billion dollars, while WTI oil is up 1.59% to 51.22 dollars a barrel.
In comparison, a barrel of oil from the North Sea was traded Friday for a $ 59.21 bar on the Oslo Stock Exchange.
Analysts point out, according to TDN Direct, that short-term prospects seem "bearish".
"It seems likely that a new period of weakness in the oil market is announcing this week as investors follow talks between Saudi Arabia and Russia at the G20 summit," said ANZ analysts in a customer information published by the news agency.
"However, there is hope that things can stabilize." Khalid al-Falih and Alexander Novak, Minister of Petroleum of Saudi Arabia and Russia, will attend the meeting and will be asked to submit proposals aimed at to put an end to the recent price decline, "added ANZ.
Friday afternoon, oil prices fell sharply and Brent oil was shortly after the closing of the Oslo Stock Exchange, according to TDN Directly quoted at 58.50 dollars a barrel. Analysts believe that 2019 will be a turbulent year for the oil market.
"Questions on the prospect of a slowdown in the global economy as well as an oversupply are expected to increase," according to Fitch Solutions analysts, according to the news agency .
According to analysts, even an expected reduction in offers conducted by Opec after the official meeting on December 6 "may not be enough to counter the downside."
Equinor rises 1.65% to 197.20 dollars and Aker BP 1.79% to 227.80 crowns.
Post offers
DNO reports Monday that they are now submit an offer for all Faroe Petroleum shares. The share of DNO increases of 2,85% to 13,34 crowns.
The offer is 152 pence per share in cash, which gives the company a value of about 607.9 million pounds, or about 6.7 billion.
DNO already holds 105,247,866 Faeroé shares, which corresponds to 28.22% of the company.
Extends agreement on the North Sea
Subsea 7 was received on Monday a three-year extension of an existing framework agreement with seven customers in the North Sea.
The agreement is a preamble to the original Framework Agreement signed in 2009 and last extended in 2016.
The submarine 7 climbs 2.74% to 88.50 NOK.
ascend
Drilling drilling fell 7.14 percent to 26.0 crowns and a new record low. The share had fallen by 23.70% since the New Year.
On Monday, Borr's share rose by 2.31% to 26.60 crowns.
The company announced Friday night that it had bought back 200,000 of its own shares at an average price of 26.77 NOK.
Remove the application
Element Council was informed that PwC withdraws its candidacy for the election of a new auditor in the company.
In addition, it was known before the weekend that Chief Financial Officer Kim Andre Evensen had decided to look for new challenges outside the company and that DN could report that President Lars Christian Beitnes had been informed of 39, a possible claim for damages from the Swedish pension authorities.
Element falls Monday at 3.78% to NOK 1.15 on Oslo Børs.
Winners and losers
With the exception of Norway Royal Salmon, which lost 1.12% to reach NOK 194.80, all of the most traded stocks climbed Monday morning.
Marine Harvest increases by 0.66%, DNB by 2.07% and Yara by 2.05%. Telenor and Norsk Hydro increased by 0.68 and 1.29% respectively.
Nordic Nanovector trades for 18 million crowns and is abnormally high on the list of volumes. It increases by 3.19% to 80.80 crowns.
Avocet Mining is the main winner of the Oslo Stock Exchange with an increase of 20.00%, while Philly Shipyard is currently leading the losing list with a drop of 12.33%.
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