Oil prices stagnated this week as traders confront bearish trends including rising US stockpiles and a rebound in demand that has not lived up to expectations.
US crude inventories have grown by almost 24 million barrels in the past two weeks, adding to an already oversupplied market. Diesel prices also hit their lowest since pre-war levels as inventories rise and Russia finds ways to export significant amounts of the fuel, said Dennis Kissler, senior vice president of trading at BOK Financia ....

27 Feb 2023
Cenkos: Oil & Gas Sector -- Wentworth Resources, Impact Oil & Gas, Gran Tierra Energy, Serica Energy, IGas Energy, Panoro Energy, Arrow Exploration, Santos, Eni, Wintershall Dea
Falcon Oil & Gas Ltd. (FOG:LON), 9.2 | 88 Energy Limited (88E:LON), 0.4 | Chariot Limited (CHAR:LON), 14.8 | Diversified Energy Company PLC (DEC:LON), 90.3 | Empyrean Energy PLC (EME:LON), 0.8 | GETECH Group plc (GTC:LON), 13.2 | Trinity Exploration & Production Plc (TRIN:LON), 79.0 | Wentworth Resources PLC (WEN:LON), 30.2
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James McCormack
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7 pages
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Cenkos: Oil & Gas Sector -- Wentworth Resources, Impact Oil & Gas, Gran Tierra Energy, Serica Energy, IGas Energy, Panoro Energy, Arrow Exploration, Santos, Eni, Wintershall Dea
Falcon Oil & Gas Ltd. (FOG:LON), 9.2 | 88 Energy Limited (88E:LON), 0.4 | Chariot Limited (CHAR:LON), 14.8 | Diversified Energy Company PLC (DEC:LON), 90.3 | Empyrean Energy PLC (EME:LON), 0.8 | GETECH Group plc (GTC:LON), 13.2 | Trinity Exploration & Production Plc (TRIN:LON), 79.0 | Wentworth Resources PLC (WEN:LON), 30.2
- Published:
27 Feb 2023 -
Author:
James McCormack -
Pages:
7 -
Oil prices stagnated this week as traders confront bearish trends including rising US stockpiles and a rebound in demand that has not lived up to expectations.
US crude inventories have grown by almost 24 million barrels in the past two weeks, adding to an already oversupplied market. Diesel prices also hit their lowest since pre-war levels as inventories rise and Russia finds ways to export significant amounts of the fuel, said Dennis Kissler, senior vice president of trading at BOK Financia ....