Oil prices rise today

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Valeura Energy

More articles like this

Valeura Energy

Oil nears $70

Oil prices rose for a third day on Wednesday as the easing of lockdowns in the United States and parts of Europe heralded an increase in fuel demand over the summer months and offset concerns about rising COVID-19

Valeura Energy

Valeura Energy virtual AGM to be held May 13, 2021

Valeura Energy Inc (LON:VLU), an upstream oil and gas company with assets in the Thrace Basin of Turkey, has announced revised arrangements for its 2021 Annual and Special Meeting of Shareholders and provides notice of its first quarter

Valeura Energy

Oil rises today

Oil prices edged higher on Tuesday as OPEC, Russia and their allies agreed to stick to plans to raise output slightly from May 1, suggesting they don’t see a lasting impact on demand from India’s coronavirus crisis. OPEC+,

Valeura Energy

Oil rises to $68 a barrel

Oil rose to $68 a barrel and hit its highest in a month on Tuesday, supported by a disruption to Libyan exports and expectations of a drop in U.S. crude inventories, although rising coronavirus cases in Asia limited

Valeura Energy

Oil price up to fresh 4-week highs

Oil prices edged up to fresh four-week highs on Thursday on positive U.S. economic data and higher demand forecasts from the International Energy Agency (IEA) and OPEC as countries start to recover from the COVID-19 pandemic. After rising

Valeura Energy

Oil prices tick up after robust China data

Oil prices ticked up on Tuesday after strong Chinese import data but markets broadly shrugged off Middle East tensions which have so far not disrupted oil supply. Brent crude oil futures were up 25 cents, or 0.4%, at

Valeura Energy

Oil climbs on weaker dollar

Oil prices rose early on Tuesday as a drop in the U.S. dollar made crude a more attractive buy, paring losses of more than 4% incurred overnight on the prospect of producers returning more than 2 million barrels