Oil pared its weekly loss as Saudi Arabia cranked up prices for its global crude exports and the US demurred on a potential release of oil from the strategic reserve.
Crude in New York shaved its weekly loss to 2.8%, rising sharply late in the session Friday after Saudi Arabia raised the official selling price of all the nation's crudes to buyers around the globe. The Kingdom boosted its prices just days after refusing to concede to US pressure to pump more oil. With the cartel unanimously ag ....
08 Nov 2021
Cenkos: Oil & Gas Sector -- Westmount Energy, Eco (Atlantic) Oil & Gas, Empyrean Energy, Gran Tierra Energy, BP, Saudi Aramco, Vaalco Energy, Genel Energy, TransGlobe Energy, Energean, Victoria Oil & Gas, Egdon Resources, Challenger Energy Group, Zenith En
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Cenkos: Oil & Gas Sector -- Westmount Energy, Eco (Atlantic) Oil & Gas, Empyrean Energy, Gran Tierra Energy, BP, Saudi Aramco, Vaalco Energy, Genel Energy, TransGlobe Energy, Energean, Victoria Oil & Gas, Egdon Resources, Challenger Energy Group, Zenith En
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:
08 Nov 2021 -
Author:
James McCormack -
Pages:
7
Oil pared its weekly loss as Saudi Arabia cranked up prices for its global crude exports and the US demurred on a potential release of oil from the strategic reserve.
Crude in New York shaved its weekly loss to 2.8%, rising sharply late in the session Friday after Saudi Arabia raised the official selling price of all the nation's crudes to buyers around the globe. The Kingdom boosted its prices just days after refusing to concede to US pressure to pump more oil. With the cartel unanimously ag ....