Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze.
Crude futures in New York plunged $1.28 on Friday, its biggest decline in dollar terms since late December. Producers including Marathon Oil Corp are using restored power from grids or generators to resume output that was halted by the frigid weather this week in the Eagle Ford shale basin. ....
22 Feb 2021
Cenkos: Oil & Gas Sector -- United Oil & Gas, 88 Energy, Pantheon Resources, Genel Energy, Gulf Keystone Petroleum, FAR, Woodside Petroleum, Repsol SA, ENI SpA, PetroTal Corp
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Cenkos: Oil & Gas Sector -- United Oil & Gas, 88 Energy, Pantheon Resources, Genel Energy, Gulf Keystone Petroleum, FAR, Woodside Petroleum, Repsol SA, ENI SpA, PetroTal Corp
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,082 | Empyrean Energy PLC (EME:LON), 0.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.5
- Published:
22 Feb 2021 -
Author:
James McCormack -
Pages:
7
Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze.
Crude futures in New York plunged $1.28 on Friday, its biggest decline in dollar terms since late December. Producers including Marathon Oil Corp are using restored power from grids or generators to resume output that was halted by the frigid weather this week in the Eagle Ford shale basin. ....