Oil fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China's economic growth.
Futures in New York slid 2% Friday but notched a 13% increase for the week. Major producers continue to scale back production. US explorers laid down another 21 oil rigs, bringing the total to the lowest since 2009. Beijing abandoned its economic growth target for this year due to “great uncertainty” over the coronavirus, triggering concerns over a demand reco ....
26 May 2020
Cenkos: Oil & Gas Sector -- Diversified Gas & Oil, 88 Energy, Empyrean Energy, Hurricane Energy, EnQuest, Energean Oil & Gas, Total SA, SDX Energy, Jersey Oil & Gas, Africa Oil Corp, Nostrum Oil & Gas, Petrobras, ExxonMobil, Prospex Oil & Gas
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Cenkos: Oil & Gas Sector -- Diversified Gas & Oil, 88 Energy, Empyrean Energy, Hurricane Energy, EnQuest, Energean Oil & Gas, Total SA, SDX Energy, Jersey Oil & Gas, Africa Oil Corp, Nostrum Oil & Gas, Petrobras, ExxonMobil, Prospex Oil & Gas
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,079 | Empyrean Energy PLC (EME:LON), 0.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
26 May 2020 -
Author:
James McCormack -
Pages:
6
Oil fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China's economic growth.
Futures in New York slid 2% Friday but notched a 13% increase for the week. Major producers continue to scale back production. US explorers laid down another 21 oil rigs, bringing the total to the lowest since 2009. Beijing abandoned its economic growth target for this year due to “great uncertainty” over the coronavirus, triggering concerns over a demand reco ....