Oil in London plunged the most since 2008 on signs of a breakdown in the global producer alliance that helped engineer crude's recovery from the worst crash in a generation. Futures plummeted more than 9% in London as talks between members of the OPEC+ group collapsed in Vienna. Producers in the alliance are free to pump at will starting next month, after Russia refused to bend to Saudi Arabia's wish for output cuts aimed at offsetting the coronavirus crisis's impact on demand.
The end of the ....
09 Mar 2020
Cenkos: Oil & Gas Sector -- 88 Energy, Premier Oil, Equinor ASA, Total SA, Premier Oil, Hurricane Energy, Echo Energy, Touchstone Exploration, ExxonMobil Corporation, SDX Energy, Solo Oil, Tower Resources, Angus Energy
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Oil & Gas Sector -- 88 Energy, Premier Oil, Equinor ASA, Total SA, Premier Oil, Hurricane Energy, Echo Energy, Touchstone Exploration, ExxonMobil Corporation, SDX Energy, Solo Oil, Tower Resources, Angus Energy
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | Diversified Energy Company PLC (DEC:LON), 1,079 | Empyrean Energy PLC (EME:LON), 0.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | 88 Energy Limited (88E:LON), 0.2 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
09 Mar 2020 -
Author:
James McCormack -
Pages:
8
Oil in London plunged the most since 2008 on signs of a breakdown in the global producer alliance that helped engineer crude's recovery from the worst crash in a generation. Futures plummeted more than 9% in London as talks between members of the OPEC+ group collapsed in Vienna. Producers in the alliance are free to pump at will starting next month, after Russia refused to bend to Saudi Arabia's wish for output cuts aimed at offsetting the coronavirus crisis's impact on demand.
The end of the ....