Energy News Results

  • Oil takes breather after vaccine rally as stockpiles rise

    U.S. oil edged lower on Wednesday, after an industry report showed crude stockpiles in the United States rose against expectations, tempering a rally driven by news that another vaccine against COVID-19 had proved effective in trials. West Texas Intermediate crude was down 14 cents, or 0.3%, at $44.77 a barrel by 0035 GMT, after rising more than 4% on Tuesday.

  • BRIEF-Contango Oil & Gas Co Files For Shelf Of Up To 26.7 Million Shares Of Common Stock By Selling Stockholders

    Contango Oil & Gas Co (MCF): * CONTANGO OIL & GAS CO FILES FOR SHELF OF UP TO 26.7 MILLION SHARES OF COMMON STOCK BY SELLING STOCKHOLDERS - SEC FILING Source: [ID:https://bit.ly/3pXt50f] Further company coverage:

  • Accelerating Rally in Oil Prices Signals Optimism About Global Growth

    A recent rise in oil prices continued on Tuesday, sending crude to its highest level since early March with investors wagering on a brighter economic outlook and higher demand for fuel. U.S. crude-oil futures for January delivery advanced 4.3% to $44.91 a barrel, rallying for the sixth time in seven sessions and eclipsing their peak closing level from late August. Oil started the year above $60, briefly tumbled below $0 for the first time ever in April as coronavirus shutdowns...

  • COLUMN-Left in the dark about WTI crude price plunge: Kemp

    By John Kemp. The U.S. Commodity Futures Trading Commission report on volatility in WTI oil futures, published on Monday, has already been criticised for not probing deeply enough into how and why prices plunged into negative territory for one day in April and then rebounded sharply the next day. For at least one CFTC commissioner, the report does not go far enough.

  • Accelerating Rally in Oil Prices Signals Optimism About Global Growth

    A recent rise in oil prices continued Tuesday, putting crude on track for its highest close since early March with investors wagering on a brighter economic outlook and higher demand for fuel. U.S. crude-oil futures for January delivery advanced 2.9% to $44.32 a barrel, rallying for the sixth time in seven sessions and eclipsing their peak closing level from late August. Oil started the year above $60, briefly tumbled below $0 for the first time ever in April as coronavirus...

  • Oil hits highest since March on vaccine trials, Biden transition

    * Biden transition given formal nod. * OPEC experts meet ahead of next week's ministerial gathering. * U.S. crude stocks seen up 127,000 bbls last week - poll. * Coming Up: API inventory report at 4:30 p.m. ET/2130 GMT. By Laila Kearney.

  • Oil prices settle up over 2% on COVID-19 vaccine news

    * U.S. vaccinations swiftly after regulatory approval. * Investors await OPEC+ meeting at end of the month. By Laura Sanicola. Oil prices settled up more than 2% on Monday, extending last week's gains as the latest report of encouraging coronavirus vaccine trials had traders anticipating a recovery in demand.

  • Oil prices extend gains on COVID vaccine hopes

    * Market eyes OPEC+ meeting at month-end. * Russia's small oil producers struggle with output cuts. By Jessica Jaganathan. Oil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdowns in several countries.

  • WPX Energy sees oil supply and demand balancing in second half of 2021

    Oil supply and demand, hard hit by the COVID-19 pandemic, will not come back into balance until the second half of 2021, WPX Energy CEO Rick Muncrief forecast on Friday at a Federal Reserve Energy Conference. Prices could see some uplift in the second half of the coming year as supply and demand balance, Muncrief added. U.S. oil futures were trading around $42.44 on Friday.

  • U.S. oil & gas rig count falls for first week in 10 - Baker Hughes

    U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in 10 weeks even as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid June.

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