04 Apr 2022

Cenkos: Oil & Gas Sector -- 88 Energy, Falcon Oil & Gas, Chariot, Empyrean Energy, Getech Group, Westmount Energy, Gulf Keystone Petroleum, Hurricane Energy, Touchstone Exploration, Canadian Overseas Petroleum, CNOOC, Helium One, IOG, Savannah Energy, Pant

Falcon Oil & Gas Ltd. (FOG:LON), 7.0 | 88 Energy Limited (88E:LON), 0 | Chariot Limited (CHAR:LON), 18.0 | Diversified Energy Company PLC (DEC:LON), 111 | Empyrean Energy PLC (EME:LON), 1.0 | GETECH Group plc (GTC:LON), 22.0 | Trinity Exploration & Production Plc (TRIN:LON), 98.0 | Wentworth Resources PLC (WEN:LON), 24.0

- James McCormack
- 9 pages

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Oil posted its biggest weekly loss in more than 10 years after the Biden administration ordered an unprecedented release of US strategic reserves to tame rampant prices. West Texas Intermediate dropped 1% on Friday and over $14 this week, the most since 2011. The US plans to release 1 million barrels a day for six months. IEA nations also agreed to release another round of crude stockpiles, with volumes to be decided later. US President Joe Biden expects allies to release an additional 30 mil ....

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Cenkos: Oil & Gas Sector -- 88 Energy, Falcon Oil & Gas, Chariot, Empyrean Energy, Getech Group, Westmount Energy, Gulf Keystone Petroleum, Hurricane Energy, Touchstone Exploration, Canadian Overseas Petroleum, CNOOC, Helium One, IOG, Savannah Energy, Pant

Falcon Oil & Gas Ltd. (FOG:LON), 7.0 | 88 Energy Limited (88E:LON), 0 | Chariot Limited (CHAR:LON), 18.0 | Diversified Energy Company PLC (DEC:LON), 111 | Empyrean Energy PLC (EME:LON), 1.0 | GETECH Group plc (GTC:LON), 22.0 | Trinity Exploration & Production Plc (TRIN:LON), 98.0 | Wentworth Resources PLC (WEN:LON), 24.0

Published: 04 Apr 2022
Author: James McCormack
Pages: 9

Oil posted its biggest weekly loss in more than 10 years after the Biden administration ordered an unprecedented release of US strategic reserves to tame rampant prices. West Texas Intermediate dropped 1% on Friday and over $14 this week, the most since 2011. The US plans to release 1 million barrels a day for six months. IEA nations also agreed to release another round of crude stockpiles, with volumes to be decided later. US President Joe Biden expects allies to release an additional 30 mil ....

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