Oil posted its fifth straight weekly gain, the longest winning streak since December, as demand recovers, and supplies continue tighten in the US and China.
Futures in New York rose 3.4% this week to the highest level since October 2018. Demand continues to rebound while the market expects output will only get a modest increase from the OPEC+ alliance, which meets next week to discuss supply policy.
Stockpiles are draining rapidly as fuel consumption rebounds in key regions including the U ....
28 Jun 2021
Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, 88 Energy, Var Energi, Helium One Global, Harbour Energy, TransGlobe Energy, Mosman Oil & Gas, Touchstone Exploration, Chariot Limited, Petro Matad, Block Energy, San Leon Energy, Prospex Energy
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Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, 88 Energy, Var Energi, Helium One Global, Harbour Energy, TransGlobe Energy, Mosman Oil & Gas, Touchstone Exploration, Chariot Limited, Petro Matad, Block Energy, San Leon Energy, Prospex Energy
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,070 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5
- Published:
28 Jun 2021 -
Author:
James McCormack -
Pages:
8
Oil posted its fifth straight weekly gain, the longest winning streak since December, as demand recovers, and supplies continue tighten in the US and China.
Futures in New York rose 3.4% this week to the highest level since October 2018. Demand continues to rebound while the market expects output will only get a modest increase from the OPEC+ alliance, which meets next week to discuss supply policy.
Stockpiles are draining rapidly as fuel consumption rebounds in key regions including the U ....