Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply.
Governments worldwide may need to follow U.S. President Donald Trump's move to tap emergency oil stockpiles if top exporter Saudi Arabia is unable to quickly repair the damage inflicted by attacks on its energy industry on Saturday.
Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies.
South Korea's LG Display Co Ltd on Monday said it has named LG Chem President Jeong Ho-young as its new chief executive officer.
An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was "locked and loaded" to retaliate.
U.S. Energy Secretary Rick Perry said on Monday he believes the oil market will react positively to the weekend attack on Saudi Arabia's oil industry, which Washington has blamed on Iran.
Oil prices climbed to four-month highs on Monday and world stocks slid after weekend attacks on crude facilities in Saudi Arabia shut about 5% of the world's supply and fueled worries over the impact of an oil shock on economic growth.
Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom's production.
Austrian sensor specialist AMS is actively buying Osram shares and currently holds a stake of almost 3% in the German lighting group, its chief executive said on Monday.
Allianz Global Investors , the biggest shareholder of Osram , is prepared to sell its stake to chipmaker AMS in the course of its 4.3 billion euro ($4.75 billion)takeover attempt if no better bid is made, a source said on Monday.
The attacks against oil refineries in Saudi Arabia have so far had no impact on prices at filling stations in Germany, the country's Petroleum Industry Association said on Monday.
The European Commission said on Monday it was important to determine the facts behind the attack on Saudi Arabia's oil facilities before establishing who was responsible.
The oil market is resilient and will react positively to the attack on Saudi Arabia's oil industry, U.S. Energy Secretary Rick Perry said on Monday, blaming the attack firmly on Iran.
The German government said on Monday its supply of oil was not affected by attacks at the weekend against Saudi refineries and any decision to release strategic reserves needed to be made jointly with members of the International Energy Agency (IEA).
Saudi Aramco has changed the type of crude loading onto a tanker due to go to Asia to Arab Heavy from Arab Light, a source familiar with the matter said.