oil price


All posts for oil price

How changes to the oil industry impact the construction industry

Thanks to worldwide changes in demographics, attitudes, and costs, the construction industry has to adapt and evolve constantly to stay ahead of the game. The availability of oil is a crucial factor in this. With the cost of oil fluctuating unpredictably, those in the construction industry need to ...

stephen avv


Posted 10 days agoOpinion > oil industryConstruction IndustryFossil Fuels +7

Geopolitical Tensions Overshadow a Year of Big Discoveries

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 13 days agoLink > IranWaroil price +6

Q319 Financials: Weaker Oil Prices, Weakened Profits

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 1 month agoLink > oil priceShaleUSA +5

Ecuador Exits OPEC

Citing a need to boost oil revenues by being ‘honest about its ability to endure further cuts', Ecuador is prioritising crude production and welcoming new oil investment (free from production constraints) as President Lenin Moreno pursues more market-friendly economic policies. Indonesia did rejo ...

Hui Shan


Posted 1 month agoLink > OPECsaudiRussia +4

The Strait of Hormuz and Oil Prices

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 4 months agoLink > IranWaroil price +7

The Winds of War and Oil Markets

Financial sanctions came first, then sanctions on crude oil exports from Iran. But the situation was diffused when the US introduced waivers for 8 major importers of Iranian crude in November 2018, calming the markets. Not just because the extension of the current OPEC+ deal could be scuppered, ...

Hui Shan


Posted 5 months agoLink > IranMiddle Eastoil price +3

Upcoming OPEC Meeting: What to Expect

With Russian Finance Minister Anton Siluanov suggesting that there was a risk that oil prices could fall as low as US$30/b and the Saudi Arabia-Russia alliance preparing for a US$40/b oil scenario, it looks more and more likely that the production deal will be extended to the end of 2019. The maj ...

Hui Shan


Posted 5 months agoLink > OPECoil priceShale +3

Is The Saudi - Russia Oil Bromance Souring?

Prior to the meeting, Saudi Arabia had gone on record to state that the Kingdom believed that OPEC's job in rebalancing the oil market was far from over and that output cuts were necessary to continue into the second half of 2019. In the past, Saudi Arabia would most likely to be able to bully it ...

Hui Shan


Posted 8 months agoLink > OPECsaudiRussia +3

Building on 2018

“As the oil price is steadily rising towards pre-collapse levels, the outlook is positive,” PwC said in its annual Africa Oil & Gas Review released in November 2018. By June 2018, more than $110 billion in global oil and gas projects had been approved since 2017 — a more than 100 percent increase ...

Aydanur Akkurt - Africa Oil & Power


Posted 11 months agoLink > Oil and Gas Productionoil priceOffshore Drilling +10

Oil Price, Savannah, Range, Pantheon, and Finally…

WTI $45.88 -$2.29, Brent $54.35 -$2.89, Diff -$8.47 -$1.57, NG $3.58 -14c Oil Price Whether you call it a risk off moment after the Fed and others warned about the economy next year or just a supply worry that Opec+, ie Russia won't cut production next year the oil price retreated and will li ...

Malcolm Graham-Wood - Malcy's Blog


Posted 11 months agoOpinion > oil priceSavannah PetroleumSVP +6

Oil Price, Faroe, President, Range, Wentworth, and Finally…

WTI $47.20 +96c, Brent $57.24 +98c, Diff -$10.04 +2c, NG $3.73 -11c Oil Price A rally yesterday after a handy set of inventory numbers but oil is down again today after world markets did not like the rate rise from the Fed. The EIA announced a crude draw of around half a million barrels which ...

Malcolm Graham-Wood - Malcy's Blog


Posted 11 months agoOpinion > oil priceFaroe PetroleumPresident Energy +6

Oil Price, Reabold, Angus, IOG, and Finally…

WTI $46.24 -$3.64, Brent $56.26 -$3.35, Diff -$10.02 +29c, NG $3.84 Oil Price Another very bad day for oil yesterday and whilst news is still not good it is certainly not as bad as this price suggests. Today is Fed decision day and we are led to believe that another rise is on the cards but f ...

Malcolm Graham-Wood - Malcy's Blog


Posted 11 months agoOpinion > oil priceReabold ResourcesAngus Energy +6

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 11 months agoOpinion > MalcyMalcysMalcy's Blog +5

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 11 months agoOpinion > oil pricefrontera resourcesSolo Oil +7

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 11 months agoOpinion > MalcyMalcysMalcy's +7