Oil logged its biggest weekly drop since August as Europe's worsening Covid-19 crisis renewed the prospect of lockdowns just as key consuming nations look to add emergency supply to the market.
West Texas Intermediate for January delivery tumbled 3.2%, while the expiring December contract lost 3.7%. Europe's Brent skidded 2.9%. The wave of infections in Europe is growing, once again raising the prospect of mobility restrictions that would hit oil demand. Austria imposed a lockdown while Germa ....
22 Nov 2021
Cenkos: Oil & Gas Sector -- GETECH Group, Diversified Energy, Wentworth Resources, Kistos, Neptune Energy, SDX Energy, PetroTal Corp, EnQuest, APA Corp, TotalEnergies, Tullow Oil, Pharos Energy, Hurricane Energy, Canadian Overseas Petroleum, Nostrum Oil &
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Cenkos: Oil & Gas Sector -- GETECH Group, Diversified Energy, Wentworth Resources, Kistos, Neptune Energy, SDX Energy, PetroTal Corp, EnQuest, APA Corp, TotalEnergies, Tullow Oil, Pharos Energy, Hurricane Energy, Canadian Overseas Petroleum, Nostrum Oil &
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,098 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5
- Published:
22 Nov 2021 -
Author:
James McCormack -
Pages:
9
Oil logged its biggest weekly drop since August as Europe's worsening Covid-19 crisis renewed the prospect of lockdowns just as key consuming nations look to add emergency supply to the market.
West Texas Intermediate for January delivery tumbled 3.2%, while the expiring December contract lost 3.7%. Europe's Brent skidded 2.9%. The wave of infections in Europe is growing, once again raising the prospect of mobility restrictions that would hit oil demand. Austria imposed a lockdown while Germa ....