Centrica Expands to New York With Build-Out of Gas Trading Unit
Centrica Plc is opening a trading office in New York.
Centrica Plc is opening a trading office in New York.
Oil slipped slightly after volatile trading sparked by conflicting messages from Trump about trade talks with China.
Eight key members of the Organization of the Petroleum Exporting Countries and its partners, led by Saudi Arabia, are due to hold a video conference on Saturday to discuss output policy.
Two of Wall Street's top investment banks cautioned that the impact of a court ruling striking down many of President Donald Trump's tariff measures may prove limited.
Oil prices dipped Thursday as soft U.S. economic data and OPEC+ output concerns dampened earlier gains.
'Don't expect the national average to rise above $3.30 per gallon, nor drop much below $3 for now', Patrick De Haan, GasBuddy's head of petroleum analysis, said.
'Adding a further 411,000 barrels per day to targets for July would bring the cumulative unwinding over four months to 1.4 million barrels per day', analysts at Standard Chartered Bank said.
OPEC+ ratified group-wide production quotas for this year and next.
Threats to Iran talks and OPEC+ output uncertainty fueled bullish sentiment, despite lingering oversupply concerns.
The Trump administration issued a stripped-down license to Chevron Corp. to remain in Venezuela.