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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 475 GBX | +0.45% |
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+2.78% | +0.61% |
| Apr. 18 | Rio Tinto plc : Back on track |  |
| Apr. 18 | Governments must broker local support for mines, industry group says | RE |
CAPE TOWN (Reuters) - Oil cartel OPEC's decision to defend market share to counter a U.S. shale boom was "completely rational" and a sustained period of low prices was on the cards, Glencore's Chairman Tony Hayward said on Tuesday.
Hayward said low prices had stimulated demand - expected this year to be 2 million barrels a day of incremental increases over 2014 - but Iran and Libya were wild cards that could affect global supply and demand dynamics.
"I think we do need to be prepared for a period of sustained low prices absent any form of intervention," he told an African oil and gas conference in Cape Town.
(Reporting by Wendell Roelf and Ed Stoddard; Editing by James Macharia)
| 1st Jan change | Capi. | |
|---|---|---|
| +0.61% | 71.95B | |
| -11.76% | 147B | |
| -8.06% | 115B | |
| +13.29% | 54.1B | |
| +8.55% | 46.46B | |
| +10.73% | 32.99B | |
| +17.37% | 24.77B | |
| +26.65% | 20.47B | |
| +50.66% | 17.88B | |
| +49.66% | 17.26B |
GLENCORE PLC 
