Retail sales save the week as major industries turn green off the back of strong September retail sales information. The Dow Jones traded 242 points higher, or 0.8%. The S&P 500 gained 0.5% and the Nasdaq advanced 0.4%. Retail sales for September jumped 1.9%, topping analysts expectations of .7%. Meanwhile, Europe’s regulator said Boeing’s 737 Max jet is safe to fly again. Boeing shares rose 5%.
Oil and Gas News Today
Crude oil prices stay relatively flat amid a huge run up in rigs (+13). Crude oil prices currently trading at $40.85 around 1 PM MST. Natural gas prices all amid both a shifting of the overnight weather patterns and LNG terminal showing feedgas into most major US LNG terminals. Natural gas prices fell to $2.71.
North American Shale News
- $PE CEO supports democrat for TRRC position
- $SLB drops earnings…
- Gulfport Energy enters forbearance
- US Rig count +13
International
- Saudi Aramco/ADNOC commits to $44 billion west coast refinery
- $BP cuts jobs officially
- OPEC+ stress tests second wave of the virus
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New Desk: https://www.oilandgas360.com/eenfp/newsdesk/
Show Note Articles:
Analysts sharply raise EU carbon price forecasts on tougher climate goals
German shipbroker becomes ship finance boutique for offshore renewables
U.S. rig count increased by 13 this week, at 282
Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary
Oil slides on COVID-19 resurgence and strong dollar
Exclusive: OPEC+ fears second virus wave could lead to oil surplus in 2021
Gulport Energy misses interest payment, enters 30 day grace period
Schlumberger drops Q3 earnings, posts 3rd straight quarterly loss
Saudi Aramco, Adnoc committed to $44 bn west coast refinery project: IOC Chairman
Don’t have an opinion, have a number with EnerCom Analytic
Analysts sharply raise EU carbon price forecasts on tougher climate goals
German shipbroker becomes ship finance boutique for offshore renewables
U.S. rig count increased by 13 this week, at 282
Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary
Oil slides on COVID-19 resurgence and strong dollar
Exclusive: OPEC+ fears second virus wave could lead to oil surplus in 2021
Gulport Energy misses interest payment, enters 30 day grace period
Schlumberger drops Q3 earnings, posts 3rd straight quarterly loss
Saudi Aramco, Adnoc committed to $44 bn west coast refinery project: IOC Chairman
Don’t have an opinion, have a number with EnerCom Analytic
Analysts sharply raise EU carbon price forecasts on tougher climate goals
German shipbroker becomes ship finance boutique for offshore renewables
U.S. rig count increased by 13 this week, at 282
Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary
Oil slides on COVID-19 resurgence and strong dollar
Exclusive: OPEC+ fears second virus wave could lead to oil surplus in 2021
Gulport Energy misses interest payment, enters 30 day grace period
Schlumberger drops Q3 earnings, posts 3rd straight quarterly loss
Saudi Aramco, Adnoc committed to $44 bn west coast refinery project: IOC Chairman
Don’t have an opinion, have a number with EnerCom Analytic
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