Oil advanced as a brewing hurricane shuts Gulf of Mexico crude production while the Federal Reserve reinforced its support to begin tapering stimulus by the end of the year.
Futures in New York rose 2% on Friday to post the biggest weekly gain in more than a year. Oil producers in the U.S. Gulf of Mexico have begun shutting production ahead of Hurricane Ida, which may make landfall in the New Orleans area in the next few days as a Category 3 hurricane.
Meanwhile, Federal Reserve Chair Jero ....
31 Aug 2021
Cenkos: Oil & Gas Sector - Westmount Energy, Empyrean Energy, Falcon Oil & Gas, CGX Energy, Neptune Energy, PetroTal Corp, IOG, Panoro Energy, President Energy, Oil Search, Southern Energy Corp, John Wood Group, Helium One Global, Challenger Energy Group,
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Oil & Gas Sector - Westmount Energy, Empyrean Energy, Falcon Oil & Gas, CGX Energy, Neptune Energy, PetroTal Corp, IOG, Panoro Energy, President Energy, Oil Search, Southern Energy Corp, John Wood Group, Helium One Global, Challenger Energy Group,
Empyrean Energy PLC (EME:LON), 0.5 | Molecular Energies PLC (MEN:LON), 11.0 | Falcon Oil & Gas Ltd. (FOG:LON), 6.7
- Published:
31 Aug 2021 -
Author:
James McCormack -
Pages:
9
Oil advanced as a brewing hurricane shuts Gulf of Mexico crude production while the Federal Reserve reinforced its support to begin tapering stimulus by the end of the year.
Futures in New York rose 2% on Friday to post the biggest weekly gain in more than a year. Oil producers in the U.S. Gulf of Mexico have begun shutting production ahead of Hurricane Ida, which may make landfall in the New Orleans area in the next few days as a Category 3 hurricane.
Meanwhile, Federal Reserve Chair Jero ....