Daily Energy Market Summary #121: 9/17/2020 - a podcast by EnerCom Inc. | Oil and Gas 360

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

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