Posts in tag

Crude Oil/Natural Gas Upstream Operations


U.K. stocks returned on Tuesday from a three-day break with strong gains, as commodity plays surged, with oil prices at a more than two-year high. Miners including Rio Tinto RIO, +3.76% and Anglo American AAL, +4.50%, and energy producers BP BP, +2.17% and Royal Dutch Shell RDSB, +1.73%, helped the FTSE 100 UKX, +1.12% jump …

A split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as renewed concerns about the coronavirus pandemic are weighing down crude prices. But gas-focused drillers are …