Oil posted its second straight weekly decline as signals of additional crude supplies and a deteriorating global demand outlook loomed over a string of thinly traded sessions.
The narrative of tight supplies that has driven crude's rally since June has faded amid prospects that the US will ease sanctions on Iran and Venezuela. Meanwhile, faltering growth in China and abysmal economic data in Europe have dimmed the outlook for demand. In the physical market, Marathon Petroleum Corp. is shutti ....
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29 Aug 2023
Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Ithaca Energy, Harbour Energy, Deltic Energy, John Wood Group, Woodside Energy, Santos, Nostrum Oil & Gas -- Touchstone Exploration, Panoro Energy, Hunting.
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Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Ithaca Energy, Harbour Energy, Deltic Energy, John Wood Group, Woodside Energy, Santos, Nostrum Oil & Gas -- Touchstone Exploration, Panoro Energy, Hunting.
Falcon Oil & Gas Ltd. (FOG:LON), 6.2 | Ithaca Energy PLC (ITH:LON), 126 | John Wood Group PLC (WG:LON), 0 | Woodside Energy Group Ltd (WDS:LON), 0 | Santos Limited (STO:ASX), 0 | Touchstone Exploration Inc (TXP:LON), 30.5 | Panoro Energy ASA (0N08:LON), 0
- Published:
29 Aug 2023 -
Author:
James McCormack -
Pages:
8 -
Oil posted its second straight weekly decline as signals of additional crude supplies and a deteriorating global demand outlook loomed over a string of thinly traded sessions.
The narrative of tight supplies that has driven crude's rally since June has faded amid prospects that the US will ease sanctions on Iran and Venezuela. Meanwhile, faltering growth in China and abysmal economic data in Europe have dimmed the outlook for demand. In the physical market, Marathon Petroleum Corp. is shutti ....