Malcy's Blog


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Oil price, Victoria Oil & Gas, Trinity, Sundry-Thalassa-EnQuest/Cairn-Touchstone-UKOG- And finally…

Oil price Those strange bedfellows of the USA, Nigeria and Libya continue to combine and spook the market and their increased production is making investors wobble. The rig count showed another 11 units on last week and the CFTC data showed a huge cut of 55m barrels to 160m barrels by the ‘money m ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 hours agoOpinion > Malcy's BlogVictoria Oil & GasTrinity Exploration & Production +5

Oil price, Echo Energy, Cairn/FAR, Sundry-Ophir-Faroe-Various broadcasts- And finally…

Oil price Momentum seems to be the watchword in what is a particularly lethargic market at the moment, general blaming of Opec and Non-Opec production from Nigeria, Libya and the US is deemed to cover the situation. Whilst on those organisations it seems that Opec compliance in May was 108% and No ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > Malcy's BlogEcho EnergyCairn Energy +3

Oil price, Sound Energy, Rockhopper, President, Sundry-Enteq-Bahamas Petroleum- And finally...

Oil price The oil price rallied yesterday on no particular reason, Opec production was up a little but mainly due to Nigeria and Libya who are outside the agreement. The API stats which come out after the close were poor showing a build of 2.8m barrels of crude and prices have dropped modestly thi ...

Malcolm Graham-Wood - Malcy's Blog


Posted 11 days agoOpinion > Malcy's BlogSound EnergyRockhopper Exploration +3

Oil price, Faroe, Wentworth, Sundry-Petrofac-Echo-SOCO-Touchstone-Chariot-Sirius- And finally...

Oil price A quiet day in the markets according to my man at the bourse, oil gained modestly as reports of the Saudi export cutbacks to the USA and Far Eastern clients via price rises and restrictions fed through to markets. As we enter the peak of summer in the Gulf, with its highest domestic use ...

Malcolm Graham-Wood - Malcy's Blog


Posted 13 days agoOpinion > Malcy's BlogFaroe PetroleumWentworth Resources +6

Oil price, Amerisur, President, Echo/Rockhopper, Sound, Sundry-EOG-Trinity- And finally…

Oilprice A poor week for oil as well documented supply issues took the best part of 4% off the prices. Friday recovered slightly as Nigeria suffered a pipeline incident and the outage ensured that Shell played hard ball. The rig count grew again, overall the count was up 11 units at 927, in oil it ...

Malcolm Graham-Wood - Malcy's Blog


Posted 14 days agoOpinion > Malcy's BlogAmerisur ResourcesPresident Energy +5

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 17 days agoOpinion > Malcy's BlogProvidence Resources

Oil price, Rockhopper/Northern, Hurricane, FAR, Savannah, And finally…

Oil price A short blog this afternoon, I have been meeting with companies and recording an Interactive Investor's video today. I will update most of these stories in greater detail in the next few days. The oil price crashed yesterday after the EIA stats showed a 3.3m build in stocks against expe ...

Malcolm Graham-Wood - Malcy's Blog


Posted 18 days agoOpinion > Malcy's BlogRockhopper ExplorationNorthern Petroleum +3

Oil price, Genel, Ascent Resources, President, And finally…

Oil price Another down day although the complex moved up quite strongly  initially as traders thought that the Qatar problem might lead to geo-political grief in the Gulf. They soon realised that it may only cause the Opec production agreement to fall apart even though Qatar's quota is only a 30/- ...

Malcolm Graham-Wood - Malcy's Blog


Posted 20 days agoOpinion > Malcy's BlogGenel EnergyAscent Resources +1

Oil price, Chariot, Cape, Plexus, And finally...

Oil price Not a good week for oil prices, WTI was down $2.14 and Brent $2.20, Friday saw disappointing data from the rig count, oil up 11 to 733 units, and the Non-farm-payroll was way less than expected at 138/-. This weakened the greenback which might have given a modicum of support but better ( ...

Malcolm Graham-Wood - Malcy's Blog


Posted 21 days agoOpinion > Malcy's BlogChariot Oil & GasPlexus Group +1

Oil price, President Energy, SDX Energy, Northern Petroleum, Echo Energy. And finally…

  Oil price The oil price rallied hard yesterday on the back of the inventory stats but had lost most of it by the end of the day and again this morning after the US leaving the Paris accord led to thoughts of even more drilling. However those EIA stats were pretty impressive if easy to call f ...

Malcolm Graham-Wood - Malcy's Blog


Posted 24 days agoOpinion > Malcy's BlogPresident EnergySDX Energy +2

Oil price, Lamprell, SDX, Amerisur, Echo Energy, Sundry-IGas-Faroe-EOG-Petrofac-Touchstone- And finally…

Oil price Watching from afar it looked like that all sorts of panic was around in the oil market during and after the Opec meeting but prices are only off less than a dollar from when I left and that includes Brent expiring. From what I could read the meeting was a success but the marché suffered ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > Malcy's BlogLamprellSDX Energy +6

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 1 month agoOpinion > Malcy's BlogPantheon ResourcesPremier Oil +3

Oil price, SDX Energy, Plexus Holdings, Solo, And finally…

Oil price Bear with me today if you will, I have had a breakdown in communications and am not able to retrieve much in the way of news. The oil price remains firm ahead of next week's meetings, as I write WTI is up another 61 cents and knocking on the door of $50, Brent is up 67c and has cleared ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogSDX EnergyPlexus Holdings +1

Oil price, Hurricane, Cairn/FAR, Sound, Tullow, Sundry-Petrofac-Cycles analysis- And finally...

Oil price Another up day yesterday as the market's eyes turned to the EIA inventory stats following the rather disappointing API numbers the night before. Whilst the draw of 1.8m barrels was short of the 2.5m whisper it was enough to keep the bears at a distance. It will be worth watching the net ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogHurricane EnergyCairn Energy +4

Oil price, Plexus Holdings, Links to Premier, SDX and Jersey O&G. And finally…

Oil price The only news in town is the Saudi/Russian rapprochement and the oil price is rising, albeit slowly as it takes on board the ramifications of the deal. Should it go ahead then the oil price hasn't risen enough although both are about 40 cents better again this morning, clearly a modicum ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogPlexus HoldingsPremier Oil +2