Oil declined Friday but still posted a weekly gain as traders weighed the prospects of higher demand this winter against the potential for Iranian supply to return.
West Texas Intermediate futures ended the week 3.5% higher after losing 2.4% Friday. Iran said it could accept a European Union-brokered nuclear deal if it receives certain guarantees. The prospect of more oil supply wiped out all gains earlier in the session.
Crude has been whipsawed by a flurry of both bearish and bullish hea ....
15 Aug 2022
Cenkos: Oil & Gas Sector --88 Energy, Diversified Energy, Tethys Oil, Neptune Energy, Gran Tierra Energy, Touchstone Exploration, Vaalco Energy, TransGlobe Energy, Kosmos Energy, Petrofac, Lamprell, Sound Energy, Echo Energy, Jadestone Energy, Hurricane En
Falcon Oil & Gas Ltd. (FOG:LON), 6.7 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.8 | Diversified Energy Company PLC (DEC:LON), 1,084 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Tethys Oil AB (TETY:OME), 0
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Cenkos: Oil & Gas Sector --88 Energy, Diversified Energy, Tethys Oil, Neptune Energy, Gran Tierra Energy, Touchstone Exploration, Vaalco Energy, TransGlobe Energy, Kosmos Energy, Petrofac, Lamprell, Sound Energy, Echo Energy, Jadestone Energy, Hurricane En
Falcon Oil & Gas Ltd. (FOG:LON), 6.7 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.8 | Diversified Energy Company PLC (DEC:LON), 1,084 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Tethys Oil AB (TETY:OME), 0
- Published:
15 Aug 2022 -
Author:
James McCormack -
Pages:
10
Oil declined Friday but still posted a weekly gain as traders weighed the prospects of higher demand this winter against the potential for Iranian supply to return.
West Texas Intermediate futures ended the week 3.5% higher after losing 2.4% Friday. Iran said it could accept a European Union-brokered nuclear deal if it receives certain guarantees. The prospect of more oil supply wiped out all gains earlier in the session.
Crude has been whipsawed by a flurry of both bearish and bullish hea ....