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Markets - 2020-10-17
Energy

Oil prices edge lower

NEW YORK: Oil prices edged lower on Friday, dragged down by concerns that a spike in Covid-19 cases in the United...
Published 17 Oct, 2020 03:08am
US oil and gas rig count rises by most since January: Baker Hughes
Energy

US oil and gas rig count rises by most since January: Baker Hughes

  • The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, energy services firm.
  • The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, while oil rigs alone fell to a 15-year low at 172 in the same week.
Published 17 Oct, 2020 12:36am
Oil dips on COVID-19 resurgence, fears of more supply
Energy

Oil dips on COVID-19 resurgence, fears of more supply

  • Both benchmarks a shade firmer for the week.
  • Some European countries revive coronavirus curfews.
  • OPEC+ fears second virus wave could lead to oil surplus in 2021.
  • US oil and gas rig count rises by most since January.
Published 17 Oct, 2020 12:32am