Wednesday, May 27, 2026
Oil slides on COVID-19 resurgence and strong dollar- oil and gas 360

Oil slides on COVID-19 resurgence and strong dollar

Reuters LONDON – Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel consuming regions, while a stronger U.S. dollar also pressured prices. Brent crude futures for December LCOc1 were down 73 cents, or 1.7%, at $42.43 a barrel by 1226

Exclusive: OPEC+ fears second virus wave could lead to oil surplus in 2021- oil and gas360

Exclusive: OPEC+ fears second virus wave could lead to oil surplus in 2021

Reuters MOSCOW – OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a gloomier outlook than just a month ago. A panel of officials from OPEC+ producers, called the Joint Technical Committee, considered

Gulfport Energy Corporation Appoints Alvin Bledsoe to its Board of Directors and gas 360

Gulport Energy misses interest payment, enters 30 day grace period

OAG360 Publishers Notes: Gulfport skips 17.39 MM bond payment, entering a 30-day grace period…OAG360 analysts expect an announce shortly Chp.11 restructuring. Bloomberg ___ Gulfport Energy didn’t make a payment due Oct. 15 on some of its debt while it continues to negotiate with lenders over a possible restructuring, the company said in a filing Friday. More details: The oil and gas producer skipped