Oil prices ticked up on Wednesday as a massive drawdown in U.S. crude inventories countered persistent concerns about the coronavirus pandemic continuing to hurt fuel demand.
U.S. crude oil stocks dropped by nearly 10 million barrels last week to their lowest since March at 476.7 million barrels due to a sharp drop in imports, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll for a build.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.