On Monday, Shares of Transocean Ltd. (NYSE:RIG), lost -4.30% to $14.92, as oil prices plunged nearly 8% and broke below $53 a barrel on Monday, the deepest plunge for crude oil since early February.
American drivers may have even lower prices to smile about in the future, especially if an Iran nuclear deal is in place by this week’s deadline. The national average gas price could return to nearly $2 a gallon later this year, said Tom Kloza, chief oil analyst at the Oil Price Information Service. The national average is presently sitting at $2.77.
For now all eyes are on Iran, which has the fourth biggest oil reserves in the world. A big part of the nuclear deal is that the West will lift sanctions on Iran, allowing it to enhance its oil exports. That could be a game changer by deepening the oversupply of oil and sending prices down even further.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Shares of Infosys Ltd. (NYSE:INFY), declined -0.50% to $15.88, during its last trading session.
Infosys Limited, will declare the results for its first quarter ended June 30, 2015 on Tuesday, July 21, 2015 at 8:45 a.m. Indian Standard Time (IST) ( 11:15 p.m. US ET on July 20, 2015 ; 08:15 p.m. PST on July 20, 2015 ; 4:15 a.m. London time; 11:15 a.m. Singapore / Hong Kong time). The results will also be accessible on www.infosys.com.
Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally.
Finally, Unilever plc (NYSE:UL), ended its last trade with -1.19% loss, and closed at $42.44.
Unilever PLC, declared that it has signed a contract to acquire Murad, a leading clinical skincare brand. This follows the recent acquisitions of Dermalogica, Kate Somerville and REN, which jointly position Unilever as a key player in the personal care prestige segment.
Paul Polman, Unilever CEO, said: “We are delighted to welcome Murad to our portfolio of Prestige personal care brands. As an expert ‘Doctor brand’, Murad offers products in a differentiated clinical and holistic well-being segment. It has a loyal following that gives it excellent potential for expansion, and wonderfully complements the brands recently attained. We look forward to working with Dr Murad and his team to continue to grow the brand.”
Dr Howard Murad added: “We’ve always looked for opportunities to reach more people with our message of Inclusive Health and to touch more lives with our targeted, high-performance products. With Unilever, we can broaden our reach and significantly grow our brand while remaining faithful to the founding principles of Murad. There is a very bright path ahead and I am excited to work with Unilever to share our products with the world—together we can inspire every person that the Murad brand touches to live life beautifully.”
Unilever PLC operates in the fast-moving consumer goods market in the Americas, Europe, Asia, Australasia, Africa, the Middle East, Turkey, the Russian Federation, Ukraine, and Belarus. The company operates through Personal Care, Foods, Refreshment, and Home Care segments.
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