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Sky Quarry Targets Up To $50M Third-Party Investment In Nevada Producers Without Issuing Additional Common Equity
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Shares of oil and gas companies are trading higher amid a rise in crude after reports suggesting that Saudi Aramco deferred and cancelled some September crude cargoes meant for European refiners after the closure of its East-West pipeline to the Red Sea. Also, ongoing Saudi strikes on Yemen's Houthi rebels and a tight global diesel market are helping to support crude prices.
Sky Quarry Stock Surges Thursday: What's Happening?
Shares of Sky Quarry are surging Thursday as energy micro-caps catch strong buying interest driven by a rally in benchmark crude oil.
Shares of oil and gas-related companies are trading higher as crude prices climb higher above $100 per barrel after an OPEC report indicated that Saudi Arabia's August oil production fell to the lowest level since 1990. Also, Houthi rebel advances in Yemen may also be viewed as a risk to marine energy transport in the Red Sea.