Providence Resources


All posts for Providence Resources

Oil price, Premier Oil, Thalassa, Ophir, Providence Resources, Sundry-Shell-SDX-Egdon etc-Range Resources-AMFW- And finally…

Oil price The EIA inventory stats followed the API numbers and reported a healthy draw of 7.6m barrels as predicted here but not by the goons on the Street who had crayoned in 2.3m barrels. Mixed news though with production still high, Libya up again and the KSA slightly exceeding quotas, (but onl ...

Malcolm Graham-Wood - Malcy's Blog


Posted 10 days agoOpinion > Malcy's BlogPremier OilThalassa Holdings +5

Oil price, Victoria Oil & Gas, Providence, Tullow, President, Sundry-Petrofac-Echo-Ascent-Northern/Cabot-InfraStrata- And finally...

Oil price Another up day for crude, whatever next? Well actually a down day probably as the API stats which came out after the closing bell were rather disappointing showing a build of 851/- barrels when the scribblers had forecast a draw of 2.6m barrels. Gasoline built too, by 1.4m barrels so tod ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > Malcy's BlogVictoria Oil & GasProvidence Resources +8

Oil price, Providence Resources, And finally…

Oil price The oil price did rally yesterday for a while as the market rather enjoyed the Chinese import data which showed that May was the second highest month ever and that demand was picking up. Later in the day though, the market drifted on nothing much apart from gossip about Nigerian producti ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogProvidence Resources

Oil price, Pantheon, Sundry- Premier-Echo Energy- Wood Group- Providence Resources- And finally…

Oil price With the Opec and Non-Opec meetings due this week, culminating on Thursday with what should be a straightforward  discussion about whether to extend by 6 or 9 months the only change appears to be around deepening the cuts. I suspect that anything of that order will be discussed but proba ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > Malcy's BlogPantheon ResourcesPremier Oil +3

Oil price, Providence Resources, Hunting, Thalassa, Enteq Upstream, And finally…

Oil price Well, it doesnt get much better than this at the moment and unless the EIA stats rain on oil's current parade tonight then all should remain in an upward trajectory. Yesterday saw both the Russians and the Saudis giving genuinely positive information out. The Russian Oil Minister called ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 months agoOpinion > Malcy's BlogProvidence ResourcesHunting +2

Oil price, Cairn, Sound Energy, Providence, Sundry-EOG-Aminex-Northern Petroleum- And finally...

Oil price Still not much going on, the Saudi Oil Minister said that he sees the oil market ‘improving' but then he would, wouldn't he? The market is waiting on more Chinese data today and on the subject of data the API inventory stats showed a substantial build of 11.6m barrels which should that b ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 months agoOpinion > oil priceCairn EnergySound Energy +4

Oil price, Lamprell, Thalassa Holdings, Sundry-Genel/GKP- Providence- Cairn/Far- And finally...

Oil price Very little change last week, indeed this time last week you could have closed the book and taken the week off. The usual voices pushing either way had no ammunition although the bears had a go on Friday after the rig count numbers to no avail, with oil units up 29 to 551 one might have ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 months agoOpinion > Malcy's Blogoil priceLamprell +5

Oil price, Sound Energy, Providence Resources, Faroe Petroleum, CEO Interview, And finally...

WTI $47.96 -7c, Brent $48.95 -17c, Diff -$0.99 -10c, NG $3.03 +4c Oil price A very Happy Thanksgiving to the many readers over the pond.... If I had written a blog yesterday the oil price piece might have said that the Opec technical committee had proposed that a 4-4.5% cut excluding Nigeria ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceSound EnergyProvidence Resources +2