Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus strain sparked fears that renewed lockdowns will hurt global demand. The crash, the 7th largest ever for Brent crude, the global oil benchmark, may prompt the OPEC+ cartel to re-consider its policy when it meets next week, with the group increasingly leaning toward pausing its output hikes. The sell-off was amplified by low liquidity on a festive day in the US, the breach of s ....
29 Nov 2021
Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, United Oil & Gas, 88 Energy, Jersey Oil & Gas, Savannah Energy, Zephyr Energy, Deltic Energy, Serica Energy, Parkmead Group, Eco (Atlantic) Oil & Gas, President Energy, Woodside Petroleum, Jades
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Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, United Oil & Gas, 88 Energy, Jersey Oil & Gas, Savannah Energy, Zephyr Energy, Deltic Energy, Serica Energy, Parkmead Group, Eco (Atlantic) Oil & Gas, President Energy, Woodside Petroleum, Jades
Falcon Oil & Gas Ltd. (FOG:LON), 7.2 | 88 Energy Limited (88E:LON), 0.3 | Diversified Energy Company PLC (DEC:LON), 946 | Empyrean Energy PLC (EME:LON), 0.6 | GETECH Group plc (GTC:LON), 9.0 | Trinity Exploration & Production Plc (TRIN:LON), 40.0
- Published:
29 Nov 2021 -
Author:
James McCormack -
Pages:
7
Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus strain sparked fears that renewed lockdowns will hurt global demand. The crash, the 7th largest ever for Brent crude, the global oil benchmark, may prompt the OPEC+ cartel to re-consider its policy when it meets next week, with the group increasingly leaning toward pausing its output hikes. The sell-off was amplified by low liquidity on a festive day in the US, the breach of s ....