Oil posted its sixth straight weekly gain, the longest winning streak since December, as the standoff between OPEC+ ministers over output dragged on at the alliance's full meeting on Friday. Futures in New York rose 1.7% this week. Most members of the alliance backed a proposal to increase supply and extend the deal into later next year, but United Arab Emirates remains opposed, according to delegates. The ongoing dispute leaves open the possibility of a supply deficit in the global oil market o ....
05 Jul 2021
Cenkos: Oil & Gas Sector - Getech Group, 88 Energy, Eco (Atlantic) Oil & Gas, San Leon Energy, Caspian Sunrise, Lamprell, Hunting, Aminex, Zoltav Resources, Victoria Oil & Gas, SDX Energy, Energean, i3 Energy, Serinus Energy, Petrofac, Empire Energy, UK Oi
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Cenkos: Oil & Gas Sector - Getech Group, 88 Energy, Eco (Atlantic) Oil & Gas, San Leon Energy, Caspian Sunrise, Lamprell, Hunting, Aminex, Zoltav Resources, Victoria Oil & Gas, SDX Energy, Energean, i3 Energy, Serinus Energy, Petrofac, Empire Energy, UK Oi
- Published:
05 Jul 2021 -
Author:
James McCormack -
Pages:
9
Oil posted its sixth straight weekly gain, the longest winning streak since December, as the standoff between OPEC+ ministers over output dragged on at the alliance's full meeting on Friday. Futures in New York rose 1.7% this week. Most members of the alliance backed a proposal to increase supply and extend the deal into later next year, but United Arab Emirates remains opposed, according to delegates. The ongoing dispute leaves open the possibility of a supply deficit in the global oil market o ....