Oil is set for a weekly loss after choppy trading in which concerns over a demand-sapping slump clashed with signals of tight supply.
West Texas Intermediate was below USD 103 a barrel, putting the US benchmark on course for a weekly fall about 5%. Prices have swung in a range of more than USD 16 this week, which saw both WTI and Brent briefly drop below USD 100.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Norway's energy minister sets plan for mitigating nation's energy crisis
The Norwegian ministry of oil and energy presents a timetable for launching initiatives to help the country weather the energy crisis – starting this autumn.
Vår Energi buys stake in Norwegian North Sea licenses
The Norwegian oil company has purchased 30% interest in two licenses north of the Balder field in the Norwegian North Sea.
Scatec secures funding for hydrogen plans in Africa
A Norwegian development fund has awarded its first-ever hydrogen funding to Scatec, which plans to establish green hydrogen production in Africa.
Saudi Aramco prepares for gigantic gas project
The oil and gas giant presents a development plan for a record field and plans to invest around USD 100bn in the project.
Nordex wins home market orders of 100MW in July
The German manufacturer kicks off this year’s third quarter with ten new orders totaling 102MW from the group’s domestic market.
Lead Commercial Analyst 
Responsible Technical Support Manager for new function in eMobility Delivery in Norlys Energi 
Business analyst / Product owner with a passion for making decarbonizing energy easy 
A lawyer (chief consultant) is wanted for People & Culture 
HV Specialist for newly created position 
Curious about work environment coordination and safety? 
Tender consultant for strategic purchasing 
Senior Project Manager for the offshore wind industry 
Senior Transaction Manager, M&A and Project Financing 
GMP Compliance Consultant to Eltronic in Ballerup 
Green Power Denmark is looking for a financial consultant to work for the green transition and good framework conditions for Denmark's green energy sector 
Director of the European Joint Undertaking for ITER and the Development of Fusion Energy 
Senior Reservoir Engineer 
Senior Project Manager 
Heat pump Consultant and Coordinator