Oil posted the biggest weekly gain since late September as Saudi Arabia's plan to slice output spurred a surge in physical crude buying.
Futures in New York advanced $3.72 this week and Brent oil topped $55 a barrel for the first time since February. Saudi Arabia's pledge earlier this week to cut production by 1 million barrels a day in February and March has made for a tighter supply outlook sooner than anticipated. Meanwhile, prospects for additional stimulus under a Biden administration sp ....
11 Jan 2021
Cenkos: Oil & Gas Sector -- Westmount Energy, United Oil & Gas, 88 Energy, Getech Group, Tethys Oil, Jersey Oil & Gas, SDX Energy, Egdon Resources, PetroTal Corp, Bahamas Petroleum, i3 Energy, Repsol SA, Canadian Overseas Petroleum, Nostra Terra Oil & Gas
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Cenkos: Oil & Gas Sector -- Westmount Energy, United Oil & Gas, 88 Energy, Getech Group, Tethys Oil, Jersey Oil & Gas, SDX Energy, Egdon Resources, PetroTal Corp, Bahamas Petroleum, i3 Energy, Repsol SA, Canadian Overseas Petroleum, Nostra Terra Oil & Gas
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 | Trinity Exploration & Production Plc (TRIN:LON), 40.0 | Tethys Oil AB (TETY:OME), 0 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
11 Jan 2021 -
Author:
James McCormack -
Pages:
7
Oil posted the biggest weekly gain since late September as Saudi Arabia's plan to slice output spurred a surge in physical crude buying.
Futures in New York advanced $3.72 this week and Brent oil topped $55 a barrel for the first time since February. Saudi Arabia's pledge earlier this week to cut production by 1 million barrels a day in February and March has made for a tighter supply outlook sooner than anticipated. Meanwhile, prospects for additional stimulus under a Biden administration sp ....