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0 0 0 0 0.00136518771331055 0.00477815699658705 0.00682593856655288 0.0109761092150171
Stock impact report

Venture Global (VG) Loses Steam from US-Iran Ceasefire, Falls 9.7% [Yahoo! Finance]

Venture Global, Inc. Class A common stock (VG) 
Last venture global, inc. class a common stock earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vonage.com
Company Research Source: Yahoo! Finance
Venture Global ended two straight days of gains on Wednesday, shedding 9.69 percent to close at $14.44 apiece, as investors sold off positions in oil and gas companies after the easing tensions between the US and Iran. Late on Tuesday, President Donald Trump announced that the US and Iran have agreed to a two-week ceasefire on condition of the latter reopening the Strait of Hormuz. VG Venture Global's Plaquesmine facility. Photo from Venture Global website The strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping giants were forced to look for alternative paths to transport the said commodities. For weeks, oil and gas companies, including Venture Global Inc. (NYSE:VG) have benefitted from the war amid the supply disruptions that sent prices soaring. In other news, Venture Global Inc. (NYS Show less Read more
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