Indices remain flat as hopes of a stimulus agreement before the election were dashed by poor sentiment and a tweet from President Trump.
“We’ve offered compromises, the speaker on a number of issues is still dug in,” said Treasury Secretary Steven Mnuchin. “If she wants to compromise, there will be a deal. But we’ve made lots of progress in lots of areas, but there’s still some significant areas that we’re working through.”
- S&P 500: +.10%
- Nasdaq: -0.06%
- Dow Jones: -0.25%
Oil and Gas News Today
Crude oil prices fall amid stimulus talks going nowhere and the prospect a weak dollar hamper oil markets. Crude oil prices currently trading around $39.80, 2% off session highs. Natural gas prices stay fairly flat from a bearish weekend weather report, but the fundamental picture from Thursday remains unchanged. Natural gas prices down 1% to $2.971
North American Shale News
- $EQT rumored to be buying $CNX
- US rig count climbs 5
- $REI gives away another $18 million in stock
International
- Turkey working with foreign firms to develop Sakarya gas field
- 2nd COVID wave adds to European refiners woes
- Sudan joining UAE in recognizing oil prices
- PetroChina expects higher natural gas imports in 2020
Email the show: mtanner@enercominc.com
New Desk: https://www.oilandgas360.com/eenfp/newsdesk/
Show Note Articles:
Putin leaves door open for Opec+ cuts extension
Kinder Morgan reports $455M profit in 3Q 2020
U.S. rig count increased by 5 this week, at 287
EQT seeks to acquire CNX Resources – Bloomberg
Sudan to join UAE, Bahrain in recognizing Israel – Another step in stabilizing oil prices through peace.
Turkey could work with foreign firms to develop Sakarya gas field
Second Covid-19 wave adds to European refiners’ woes
Trump, Biden clash over climate, oil industry in final debate
PetroChina expects higher natural gas imports in 2020
Rystad Energy Report indicates: Oil production costs reach new lows, making deepwater one of the cheapest sources of novel supply
Putin leaves door open for Opec+ cuts extension
Kinder Morgan reports $455M profit in 3Q 2020
U.S. rig count increased by 5 this week, at 287
EQT seeks to acquire CNX Resources – Bloomberg
Sudan to join UAE, Bahrain in recognizing Israel – Another step in stabilizing oil prices through peace.
Turkey could work with foreign firms to develop Sakarya gas field
Second Covid-19 wave adds to European refiners’ woes
Trump, Biden clash over climate, oil industry in final debate
PetroChina expects higher natural gas imports in 2020
Rystad Energy Report indicates: Oil production costs reach new lows, making deepwater one of the cheapest sources of novel supply
Putin leaves door open for Opec+ cuts extension
Kinder Morgan reports $455M profit in 3Q 2020
U.S. rig count increased by 5 this week, at 287
EQT seeks to acquire CNX Resources – Bloomberg
Sudan to join UAE, Bahrain in recognizing Israel – Another step in stabilizing oil prices through peace.
Turkey could work with foreign firms to develop Sakarya gas field
Second Covid-19 wave adds to European refiners’ woes
Trump, Biden clash over climate, oil industry in final debate
PetroChina expects higher natural gas imports in 2020
Rystad Energy Report indicates: Oil production costs reach new lows, making deepwater one of the cheapest sources of novel supply
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