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FTSE Lower as Oil Sinks

FTSE lower as oil sinks A stronger pound, weak commodity prices and National grid weighed on the FTSE, keeping the index in the red across the day. Even Wall Street rebounding from yesterday's heavy sell off hasn't managed to pull the FTSE out of the doldrums. Oil tumbles to 14 month low With co ...

Fiona Cincotta


Posted 8 months agoOpinion > Oil88 Energy

Petrofac, President, IOG, Infrastrata, IGas, Cairn/Far, Aminex

Petrofac Trading update from PFC this morning, all in line with expectations, indeed I would venture that this is a pretty good update given where company has come from. The $5bn order intake is impressive giving a backlog of $10.2bn and with over $15bn of tenders out the outlook for 1H 2019 is ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 months agoOpinion > PetrofacPresident EnergyIOG +10

Methyl Tertiary Butyl Ether Capacity Will Grow at a CAGR of 16.8% in India Over Next Four Years, says GlobalData

India's Methyl Tertiary Butyl Ether (MTBE) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 16.8% from 0.211 million tons per annum (mtpa) in 2017 to 0.460 mtpa in 2022, according to GlobalData , a leading data and analytics company. The company's report: ‘ Met ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > GlobalDataIndiaMTBE

Russia has Highest Capex on Crude and Natural Gas Projects in Former Soviet Union Over Next Seven Years, says GlobalData

Russia accounts for more than 90% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the Former Soviet Union (FSU) over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘ H2 2018 Prod ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > GlobalDataRussianatural gas +4

Oil Price, DGO, Block Energy, and Finally…

WTI $52.58 +$1.43, Brent $61.45 +1.30, Diff -$8.87 -13c, NG $4.12 -1c Oil Price It looks like the oil price will be roughly even on the week, today it is down a touch on the poor Chinese economic data but the better than expected inventory data from the API, EIA and Genscape have also shown s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 months agoOpinion > MalcyMalcysMalcy's Blog +5

For One Week in November, the U.S. Was a Net Exporter of Crude Oil and Petroleum Products

Source: U.S. Energy Information Administration, Weekly Petroleum Status Report During the week ending November 30, 2018, the United States exported more crude oil and petroleum products than it imported for the first time in weekly data going back to 1991. From November 24–30, the United S ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > USAUnited StatesExporter +4

EPA Finalizes Renewable Fuel Standard for 2019, Reflecting Cellulosic Biofuel Shortfalls

Source: U.S. Energy Information Administration, based on U.S. Environmental Protection Agency's Renewable Fuel Standard program On November 30, 2018, the U.S. Environmental Protection Agency (EPA) issued a final rule for the 2019 Renewable Fuel Standard (RFS) program , with the total U.S. ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > EPAEIAEnergy Information Administration EIA +2

Brazil’s 2019 Bidding Round on Transfer of Rights Areas Expected to Generate an Exceptional Revenue for the Government, says GlobalData

Following discussions in Brazil's congress and government for agreeing on terms of the planned bidding round, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the upstream sector: “The issue right now is to hav ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > BrazilBidding RoundGlobalData +2

South Korea Stopped Importing Condensate From Iran Before Receiving Sanctions Waivers

Source: U.S. Energy Information Administration, based on ClipperData, LLC South Korea, the world's leading importer of condensates , has sought alternatives to partially offset declines in imports of Iranian condensates during the past few months, particularly in light of U.S. sanctions on Ir ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > South KoreaEIAEnergy Information Administration EIA +2

Oil Price, Frontera, Solo, Echo, Reabold, RockRose and Finally…

WTI $51.65 +65c, Brent $60.20 +23c, Diff -$8.55 -42c, NG $4.41 -14c Oil Price A small rally yesterday followed by a larger one this morning. Yesterday there was slightly better news on the US/Sino trade front with better vibes from the White House. With Libya now looking to be 400,000 b/d adr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 months agoOpinion > oil pricefrontera resourcesSolo Oil +7

November U.S. Natural Gas Prices Increased Beyond Previous Market Expectations

Source: U.S. Energy Information Administration, based on Thomson Reuters On November 23, the natural gas spot price at the Henry Hub in Louisiana was $4.70 per million British thermal units (MMBtu), the highest price since a temporary spike in January 2018, and before that, the highest price s ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > United StatesNatural Gas Pricenatural gas +3

Oil Price, Amerisur, Coro, Range, Aminex, Jadestone, and Finally…

WTI $52.61 +$1.12, Brent $61.67 +$1.61, Diff -$9.06 +49c, NG $4.49 +16c Oil Price Well it was at least a deal and one that markets liked, just about. Closing prices were well off the top showing that even 1.2m b/d off the market is no guaranty of returning to recent price levels. It looks lik ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 months agoOpinion > MalcyMalcysMalcy's +7

Oil Price, President, Sound, Ophir, Premier, Tower and Finally…

WTI $51.49 -$1.40, Brent $60.06 -$1.50, Diff $8.57 -10c, NG $4.33 -14c Oil Price Markets don't like uncertainly and that is what they are getting at the moment. Opec met yesterday and unusually didn't have an agreement ready to go partly as they couldn't agree exactly what to say. Today Opec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 months agoOpinion > MalcyMalcysMalcy's +7

Rystad Energy: All Eyes on Vienna

The OPEC + countries must cut 2019 supply growth by 1.5 million bpd if they want oil prices back above $70 next year. US production at $50 WTI levels would remove only 0.4 million bpd of the looming 1.5 million bpd surplus in the balances that Rystad Energy forecasts for 2019 in a status quo scena ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > Rystad EnergyOPECVienna +2

Oil Price, Rose Petroleum, and Finally…

WTI $52.89 -36c, Brent $61.56 -52c, Diff -$8.67 -16c, NG $4.47 +1c Oil Price The day of the Opec+ meeting has arrived with seemingly little consensus but for a general agreement that production cuts are necessary. I suspect that this will be one of those meeting outcomes that will be some sor ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 months agoOpinion > oil priceRose PetroleumMalcy +3
Last fetch 9/15/2019 2:59:04 PM