Volatile day for the overall equities markets today as major indices each fall over 1% with renewed stress on tech stocks, NASDQ down over 1.75%. Conflicting COVID-19 vaccine news amid stalled stimulus 2.0 also weighed on investors today. First-time claims for unemployment insurance totaled 860,000 in the week ending Sept.12, versus an estimate of 875,000, according to economists polled by Dow Jones.
Crude oil prices were supported by fallout from Hurricane Sally, finsing above $41 for the afternoon session. Natural Gas prices drop over 10% to around $2 off EIA show 89 BCF build in natural gas stocks.
US Shale News
- DOE Natural Gas inventories: stock draw and production gains
- Hurricane Sally Update
- EQT bids for Chevron’s Appalachia assets
- Whiting Petroleum provides 2H 2020 under new regime
International
- Iraq appoints oil minister as head of NOC
360 News Desk: https://www.oilandgas360.com/eenfp/newsdesk/
Email the show mtanner@enercominc.com
Show Note Articles:
Bloated diesel stocks weigh down global oil market: Kemp
U.S. energy firms tally damages from Hurricane Sally, begin restarts
OPEC and non-OPEC allies to review oil production cuts after dire demand warnings
Occidental’s Low Carbon Ventures secures DOE grant to further develop carbon capture technology
Oil falls as crews return to U.S. Gulf rigs, economic recovery stalls
Whiting Petroleum provides 2H 2020 guidance under new regime
Weekly Gas Storage: Inventories increase by 89 Bcf
Iraq appoints oil minister as head of national oil company – maybe capitalism does work
OPEC and non-OPEC allies to review oil production cuts after dire demand warnings – BP adds that oil demand will peaked in 2019
Aramco, ZPC pursue delayed China refinery investment
Bloated diesel stocks weigh down global oil market: Kemp
U.S. energy firms tally damages from Hurricane Sally, begin restarts
OPEC and non-OPEC allies to review oil production cuts after dire demand warnings
Occidental’s Low Carbon Ventures secures DOE grant to further develop carbon capture technology
Oil falls as crews return to U.S. Gulf rigs, economic recovery stalls
Whiting Petroleum provides 2H 2020 guidance under new regime
Weekly Gas Storage: Inventories increase by 89 Bcf
Iraq appoints oil minister as head of national oil company – maybe capitalism does work
OPEC and non-OPEC allies to review oil production cuts after dire demand warnings – BP adds that oil demand will peaked in 2019
Aramco, ZPC pursue delayed China refinery investment
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