Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York plunge below zero for the first time in history.
West Texas Intermediate for June delivery rose 2.7% Friday, closing the curtain on a tumultuous week of wild price swings. US operators have started to shut old wells and halt new drilling, actions that could reduce output by 20%. Russia's seaborne exports from the Baltic will fall to a 10-year low in May, while Kuwait and Alge ....
27 Apr 2020
Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, 88 Energy, Tullow Oil, Jadestone Energy, Serica Energy, Gulf Keystone Petroleum, PetroTal Corp, SDX Energy, Sound Energy, Coro Energy, Empyrean Energy, Egdon Resources, Zenith Energy
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Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, 88 Energy, Tullow Oil, Jadestone Energy, Serica Energy, Gulf Keystone Petroleum, PetroTal Corp, SDX Energy, Sound Energy, Coro Energy, Empyrean Energy, Egdon Resources, Zenith Energy
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,084 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
27 Apr 2020 -
Author:
James McCormack -
Pages:
8
Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York plunge below zero for the first time in history.
West Texas Intermediate for June delivery rose 2.7% Friday, closing the curtain on a tumultuous week of wild price swings. US operators have started to shut old wells and halt new drilling, actions that could reduce output by 20%. Russia's seaborne exports from the Baltic will fall to a 10-year low in May, while Kuwait and Alge ....