Oil rose this week with Saudi Arabia's warning that supply cuts may be warranted overshadowing multiple bearish developments.
West Texas Intermediate futures settled at $93.06 a barrel on Friday for a 2.5% weekly gain. Prices have been buoyed since the Saudi oil minister said the OPEC+ alliance may limit production to stabilise a volatile market. Meanwhile, the US central bank probably will continue raising interest rates to combat inflation, Federal Reserve Chair Jerome Powell signalled. Hig ....
30 Aug 2022
Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Harbour Energy, IOG, PetroTal, Coro Energy, i3 Energy, Empire Energy Group, Southern Energy, Deltic Energy, Eco (Atlantic) Oil & Gas, Hunting, Pantheon Resources, Arrow Exploration, Eni SpA, APA Corp, John Wood
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Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Harbour Energy, IOG, PetroTal, Coro Energy, i3 Energy, Empire Energy Group, Southern Energy, Deltic Energy, Eco (Atlantic) Oil & Gas, Hunting, Pantheon Resources, Arrow Exploration, Eni SpA, APA Corp, John Wood
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.8 | Diversified Energy Company PLC (DEC:LON), 1,089 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.6 | Trinity Exploration & Production Plc (TRIN:LON), 39.0
- Published:
30 Aug 2022 -
Author:
James McCormack -
Pages:
9
Oil rose this week with Saudi Arabia's warning that supply cuts may be warranted overshadowing multiple bearish developments.
West Texas Intermediate futures settled at $93.06 a barrel on Friday for a 2.5% weekly gain. Prices have been buoyed since the Saudi oil minister said the OPEC+ alliance may limit production to stabilise a volatile market. Meanwhile, the US central bank probably will continue raising interest rates to combat inflation, Federal Reserve Chair Jerome Powell signalled. Hig ....