oil price


All posts for oil price

Don't Hold Your Breath For Deeper OPEC Cuts

The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought. A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, and a recognition that the nine- ...

Oilprice Staff


Posted 16 days agoOpinion > oil priceOPEC

Is There Still Hope For Higher Oil Prices?

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to a period of “lower for longer” for oil prices, a refrain that is all too familiar to those in the industry. WTI dipped be ...

Oilprice Staff


Posted 27 days agoOpinion > oil priceOPEC

Paper-intensive processes are proving to be a massive expense for the Oil and Gas industry – and a colossal waste of resources

Read on to discover how TouchstoneEnergy are streamlining financial operations for energy industry & keeping the Oil flowing..! A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly fighting margin pressures. Inefficien ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneHurricane EnergyExploration and Production +8

Relief in Vienna as Nigeria takes a step back from the brink

OPEC has agreed to extend cuts in oil production by nine months to March 2018, following their meeting on Thursday in Vienna. Exempting Nigeria from the cuts may have avoided political meltdown in West Africa. Nigeria and Libya were once against exempt from making any such cuts, as they recover fro ...

Bayo Okoya - Delta Analytics Lagos


Posted 1 month agoOpinion > OPECNigeriaoil price

U.S. Shale Is Immune To An Oil Price Crash In 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect ...

Oilprice Staff


Posted 2 months agoOpinion > oil priceShale GasCrash +1

Linking finance and operations with a single view for Upstream Oil and Gas Companies

TouchstoneEnergy has carried out more than 200 successful upstream oil and gas projects in 40 countries across 5 continents TouchstoneEnergy's dedicated consultancy professionals have more than 400 man year's experience in the upstream oil and gas sector. They are able to bring industry knowledge ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > Touchstoneoil priceexploration +8

Will rebounding oil prices encourage talent to pick up again?

Many industries experience highs and lows, but it has been a particularly turbulent journey for the oil and gas  industry in recent years. Since the start of the oil price downturn in 2014, just short of 300,000 energy jobs have been lost worldwide – but will rebounding oil prices encourage talent ...

Anna Jones


Posted 2 months agoPress > oil priceTalent Management

TouchstoneEnergy on location in West Africa analysing and documenting requirements for a Spend Control System

This is how Oil and Gas Companies are extracting savings from their Purchase Authorisation and Accounts Payable processes Following on from our recent feature: Spotlight on Reducing Spend in the Energy Industry , TouchstoneEnergy staff were exchanging anecdotes about other favourite experiences ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoPress > TouchstoneNigeriaoil price +9

Oil Prices Plunge To Where They Should Be

WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based supply, demand and inventory fundamentals. Figure 1. Oil Prices Are Testing a $45 Floor. Source: EIA, CBOE, Bloomberg and Labyrinth Consulting Services, Inc. Ana ...

Art Berman - The Petroleum Truth Report


Posted 2 months agoOpinion > Art BermanThe Petroleum Truth Reportoil price

What Brexit means for Nigeria

Speaking in Nigeria last week, the British High Commissioner to Nigeria, Paul Thomas Arkwright , was very keen to remind us of what Britain had done – and continues to do – with Nigeria. As Britain begins to negotiate a messy exit from the European Union, what seemed in part as a sales pitch to the ...

Bayo Okoya - Delta Analytics Lagos


Posted 3 months agoOpinion > BrexitNigeriaEmbassy +4

How are Upstream Oil & Gas companies succeeding in this volatile and highly competitive environment?

The ‘lower for longer' oil price has forced upstream Oil & Gas companies to look hard at their costs. Every industry faces pressure to transform and we all know that transformation begins by aligning an organisation for greater effectiveness. We also know that this can largely be achieved by pla ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoOpinion > TouchstoneSOCO Internationaloil price +6

Why Oil & Gas Companies should be conducting yearly process reviews

Don't let another year go by without taking action to improve your existing financial and business processes During the initial stages of many software implementations and software review projects, TouchstoneEnergy frequently recommends that our clients & prospects engage in a Business & Systems ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > TouchstoneExploration and ProductionBusiness Process +7

Seven Energy International streamlines their process controls with the help of TouchstoneEnergy

Manual Business Processes Slowing Business Expansion Less than half of all international Oil & Gas companies are using automated business processes. Why..? Because most Finance and IT leaders are unable to deliver automation due to a lack of investment in enterprise systems and a reluctance to ...

Marcus Kelly - TouchstoneEnergy


Posted 4 months agoPress > TouchstoneexplorationProduction +7

Oil price, Rockhopper, Sound Energy, And finally…

Oil price A mixed day yesterday, it might have been worse as the EIA inventory stats were worse than forecast at a build of 4.95m barrels against expectations of +1.77m. Crude did stage a late comeback which saved the day to a certain extent. More on the OGA licences later when I have looked at th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 months agoOpinion > Malcy's BlogRockhopper ExplorationSound Energy +1