Malcy's Blog


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Oil Price, Genel, Providence, and Finally…

WTI $69.46 +70c, Brent $72.58 -32c, Diff -$3.12 -$1.02, NG $2.77 +5c Oil Price More flip flopping around yesterday as a good start, prompted by the Saudi Opec Governor's comments that exports may fall back by around 100/- next month, was swiftly punctured by the end of the Norwegian strike wh ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > MalcyMalcy'sMalcy's Blog +4

Oil Price, Frontera Resources, DGO, Echo Energy Link, and Finally…

WTI $68.76 +68c, Brent $72.90 +74c, Diff -$4.14 +6c, NG $2.72 -2c Oil Price Computers work fast and do not differentiate between news as proved yesterday when the EIA inventory stats came out. The initial build in crude stocks of 5.8m barrels sent the oil deck sprawling but soon enough the pr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 days agoOpinion > oil pricefrontera resourcesDGO +5

Oil Price, Genel Energy, Independent Oil & Gas, and Finally…

WTI $68.06 -$2.95, Brent $71.84 -$3.49, Diff -$3.78 -54c, NG $2.76 +1c Oil Price Yesterday prices fell sharply with the usual combination of factors, mainly on supply this time weighing down on crude oil. Maybe it was the blog ‘wot did it' as I read this morning that there are worries that th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 days agoOpinion > MalcyMalcy'sMalcy's Blog +4

Oil Price, SDX Energy, Zenith Energy, Pantheon Resources, and Finally...

WTI $71.01 +68c, Brent $75.33 +88c, Diff -$4.32 +20c, NG $2.75 -4c Oil Price With the rally of some sort at the end of the week, crude posted only modest falls after black thursday. WTI fell $2.79 and Brent $1.78, it could have been worse but conflicting pressures remain obstinate even confus ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > oil priceSDX EnergyZenith Energy +4

Oil Price, Savannah Petroleum, Sound Energy, Providence, Aminex, and Finally…

WTI $74.11 +26c, Brent $78.86 +79c, Diff -$4.75 +53c, NG $2.79 -4c Oil Price Yesterday wasnt so bad for oil bulls, the Norway strike meant some shortage appearing and after the close the API stats showed a 6.8m draw in crude and  1.6m  in gasoline even if distillates did build by 2m barrels. ...

Malcolm Graham-Wood - Malcy's Blog


Posted 10 days agoOpinion > oil priceSVPSavannah Petroleum +6

Oil Price, Petro Matad, IOG, and Finally…

WTI $73.85 +5c, Brent $78.07 +96c, Diff -$4.22 +91c, NG $2.83 -3c Oil Price Yesterday it was Brent's time to shine primarily as the Libyan NOC chairman stated that his country's production was ‘falling every day'. With little signs of this impasse being settled it is another blow to world sup ...

Malcolm Graham-Wood - Malcy's Blog


Posted 11 days agoOpinion > oil pricePetro MatadIOG +4

Oil Price, Echo Energy, Cairn Energy, and Finally…

WTI $73.80 +86c, Brent $77.11 -28c, Diff -$3.31 -$1.56, NG $2.66 +2c Oil Price Oil price diverged on Friday as Brent eased with a bit more crude on international markets but WTI strengthened as continued distribution difficulties and of course Syncrude not helping matters. The rig count moved ...

Malcolm Graham-Wood - Malcy's Blog


Posted 12 days agoOpinion > oil priceEcho EnergyCairn Energy +3

Oil Price, Hurricane Energy, Echo Energy, Links, and Finally…

WTI $73.19 -95c, Brent $78.06 -18c, Diff -$4.87 +77c, NG $2.85 +1c Oil Price Oil drifted yesterday led by WTI after the EIA inventory figures disappointed (compared to API) although they were a bit mixed. Crude built 1.245m barrels as opposed to scribblers guesses of a draw of 5.2m but stocks ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > oil priceHurricane EnergyEcho Energy +3

Rockhopper, Amerisur, SDX Energy

Rockhopper The main news this morning fron RKH is the confirmation that Standard Chartered bank has been appointed to lead the work on the senior debt for Sea Lion. This is another welcome tick in the box as Premier and Rockhopper move towards sanctioning a project that as I said in my bucket li ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > Rockhopper ExplorationAmerisur ResourcesSDX Energy +3

Oil Price, BP, Tullow, Links, and Finally…

WTI $74.14 +20c, Brent $77.76 +46c, Diff -$3.62 +26c, NG $2.87 +1c Oil Price With the US markets closed for Independence Day today the chance for traders to have a mash up was too good an opportunity to miss and according to my spy, WTI in particular was all over the place. Up before a crash ...

Malcolm Graham-Wood - Malcy's Blog


Posted 17 days agoOpinion > oil priceBPTullow Oil +3

Oil Price, Savannah Petroleum, Echo Energy, and Finally…

WTI $73.94 -21c, Brent $77.30 -$2.14, Diff -$3.36 -$1.93, NG $2.86 -6c Oil Price There was little change in the market fundamentals although the differential closed up with August Brent expiring making all look worse than it was, both crudes are up this morning. The market could have been for ...

Malcolm Graham-Wood - Malcy's Blog


Posted 18 days agoOpinion > oil priceSavannah PetroleumSVP +4

Oil Price, Sound Energy, Zenith Energy, Wentworth Resources, Columbus E R, and Finally…

WTI $74.15 +70c, Brent $79.44 +$1.59, Diff -$5.29 +89c, NG $2.92 -2c Oil Price A good week for oil with WTI up $5.57 and Brent up $3.89 for all the reasons written about at the time. As we head into July some supply shortages remain, Venezuela of course but Libya is increasingly worrying with ...

Malcolm Graham-Wood - Malcy's Blog


Posted 19 days agoOpinion > oil priceSound EnergyZenith Energy +5

Oil Price, Sound, Faroe, Frontera, DGO, UOG, Echo, RockRose, Eco (Atlantic), Hurricane, and Finally…

WTI $73.45 +69c, Brent $77.85 +23c, Diff -$4.40 -46c, NG $2.94 -4c Oil Price Oil appreciated yesterday but I can add little, all is going as expected with a few twists. Supply is under pressure from all sides, WTI is being squeezed as Canadian imports fall as do inventories with refinery capa ...

Malcolm Graham-Wood - Malcy's Blog


Posted 22 days agoOpinion > oil priceMalcyMalcy's +14

Oil Price, Petrofac, Victoria Oil & Gas, and Finally…

WTI $68.08 -50c, Brent $74.73 -82c, Diff -$6.65 -32c, NG $2.92 -2c Oil Price A slight drift yesterday as the market considered the opec and Non-Opec meetings and fretted about a potential 1m b/d of extra oil. Now let's be sure about this, any weakness in the oil price in the second half will ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > oil priceMalcyMalcy's +4

Oil Price, Trinity, Eco Atlantic, Zenith, Wentworth, Soco, and Finally…

WTI $68.58 +$3.o4, Brent $75.55 +$2.50, Diff -$6.97 -54c, NG $2.94 -3c Oil Price The Opec and Non-Opec meetings on Friday and Saturday can best be described as trying to please everyone, a strategy that rarely works but the road is paved with good intentions. As it happens the agreement was a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 26 days agoOpinion > oil priceTrinityTrinity E&P +10