Oil posted its worst week in three amid concerns that rising global coronavirus cases are slowing the economic recovery.
West Texas Intermediate futures ended the week down 3.5%, the biggest weekly loss since mid-March. With the Organisation of Petroleum Exporting Countries and its allies planning to start raising output, markets are now focused on whether the demand recovery will be enough to absorb growing supplies.
While consumption is climbing in India and the US, rising virus cases an ....
12 Apr 2021
Cenkos: Oil & Gas Sector -- United Oil & Gas, 88 Energy, Argos Resources, Diversified Gas & Oil, Pharos Energy, IGas Energy, PetroTal Corp, Block Energy, Pantheon Resources, Hurricane Energy, Enwell Energy, Caspian Sunrise, Ithaca Energy
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Cenkos: Oil & Gas Sector -- United Oil & Gas, 88 Energy, Argos Resources, Diversified Gas & Oil, Pharos Energy, IGas Energy, PetroTal Corp, Block Energy, Pantheon Resources, Hurricane Energy, Enwell Energy, Caspian Sunrise, Ithaca Energy
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:
12 Apr 2021 -
Author:
James McCormack -
Pages:
8
Oil posted its worst week in three amid concerns that rising global coronavirus cases are slowing the economic recovery.
West Texas Intermediate futures ended the week down 3.5%, the biggest weekly loss since mid-March. With the Organisation of Petroleum Exporting Countries and its allies planning to start raising output, markets are now focused on whether the demand recovery will be enough to absorb growing supplies.
While consumption is climbing in India and the US, rising virus cases an ....