Oil rally pauses as rising COVID cases, downbeat consumption forecasts overshadow vaccine optimism

Oil futures take a pause as concern over rising COVID-19 cases overshadow optimism over a vaccine against the disease. 


 
Oil-Demand Recovery Unlikely for Months Despite Vaccine Hopes

Global oil markets may have rallied on the latest positive vaccine trial results, but they are unlikely to feel any significant economic benefits until well into next year, the IEA said. 


 
RWE Confirms Outlook as Profits Rise

RWE posted a 13% rise in its core earnings for first nine months of the year, and confirmed its guidance and planned dividend increase for 2020. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
OPEC Deepens Forecast for Drop in Global Oil Demand

Coronavirus lockdowns in Europe and weakening consumption in the Americas will result in global oil demand taking a larger hit in 2020 than previously expected, the Organization of the Petroleum Exporting Countries said. 


 
Iran's Enriched Uranium Stockpile Is 12 Times Accord's Cap-U.N.  Agency

Iran is continuing to build up its stockpile of low-enriched uranium and now holds more than ten times the amount permitted under the 2015 nuclear agreement, the United Nations Atomic Agency said in a report. 


 
Analysts Expect 2 Billion Cubic-Foot Decline in Natural- Gas Storage

U.S. government natural-gas data due Friday are expected to show inventories decreased last week by 2 billion cubic feet as cold weather in the early part of the week boosted demand and production levels remained relatively low. 


 
U.S. Crude-Oil Stockpiles Likely to Fall in Latest Week

U.S. crude-oil stockpiles are expected to decrease by 700,000 barrels while gasoline stockpiles are expected to be unchanged in data due Thursday from the Energy Department, according to a survey of analysts and traders. 


 
Biden Presidency Imperils Key Oil Pipelines

The president-elect's campaign pledge to phase out oil is probably bad news for the Keystone XL oil pipeline and another major crude conduit known as Dakota Access. 


 
E.ON Seen Boosted by Faster Market Recovery

E.ON said its operating performance was solid in the third quarter, helped by a rapid market recovery, and confirmed its outlook for the full-year.

(END) Dow Jones Newswires

11-12-20 1115ET