As businesses started operating after the lockdown demand for oil and gas jumps drastically making revenues of energy companies soar like before the pandemic. Just yesterday Brazilian CEMIG (NYSE: CIG) grew dramatically with daily volume reaching an enormous amount of shares.
On Monday NYSE: LLEX grew to $0.2477 not making daily volume surge above the average. From this morning LLEX soars 83% to $0.46 pushing demand for shares upward. Hence, the daily volume reaches 96.6 million shares.
Recent oil price growth encourages mining and refining companies to continue operating. OPEC (Organization of the Petroleum Exporting Countries) conferences make major decisions that directly impact the market forces of oil and gas.
One may conclude that external factors affect the oil and gas companies seriously while one of them is renewable energy technology.