oil price


All posts for oil price

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 1 month 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 2 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 2 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 2 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 2 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 2 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 2 months agoOpinion > MalcyMalcysMalcy's +7

Oil Price, President, Sound, Ophir, Premier, Tower and Finally…

WTI $51.49 -$1.40, Brent $60.06 -$1.50, Diff $8.57 -10c, NG $4.33 -14c Oil Price Markets don't like uncertainly and that is what they are getting at the moment. Opec met yesterday and unusually didn't have an agreement ready to go partly as they couldn't agree exactly what to say. Today Opec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > MalcyMalcysMalcy's +7

Rystad Energy: All Eyes on Vienna

The OPEC + countries must cut 2019 supply growth by 1.5 million bpd if they want oil prices back above $70 next year. US production at $50 WTI levels would remove only 0.4 million bpd of the looming 1.5 million bpd surplus in the balances that Rystad Energy forecasts for 2019 in a status quo scena ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > Rystad EnergyOPECVienna +2

Oil Price, Rose Petroleum, and Finally…

WTI $52.89 -36c, Brent $61.56 -52c, Diff -$8.67 -16c, NG $4.47 +1c Oil Price The day of the Opec+ meeting has arrived with seemingly little consensus but for a general agreement that production cuts are necessary. I suspect that this will be one of those meeting outcomes that will be some sor ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > oil priceRose PetroleumMalcy +3

The Saudi Dilemma: To Cut Or Not To Cut

By Irina Slav for Oilprice.com To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels d ...

Oilprice Staff


Posted 2 months agoOpinion > oilpriceKingdom of Saudi ArabiaSaudi Arabia +4

Pipeline Constraints, Refinery Maintenance Push Western Canadian Crude Oil Prices Lower

Source: U.S. Energy Information Administration, based on Bloomberg L.P. Planned maintenance at several large refineries in the Midwest has decreased the volume of crude oil processed in the region, which has resulted in lower prices of Western Canadian Select (WCS), a crude oil typically pro ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIApipeline +8

Oil Price, Reabold, DGO, Lekoil, and Finally…

WTI $50.93 -52c, Brent $58.71 -80c, Diff -$7.78 -28c, NG $4.61 -3c Oil Price Friday was listless, no news had started to come out of G20 so no positions were taken as a result. All is different this morning though as risk is being taken off in most markets. This is for two reasons, firstly th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > oil priceReabold ResourcesDGO +6

Oil Price, Tullow/Eco, Providence Resources, and Finally…

WTI $51.45 +$1.16, Brent $59.51 +75c, Diff -$8.06 -41c, NG $4.65 -5c Oil Price A better day yesterday although my trading friends say that to start with it looked like another melt, WTI traded sub $50 and looked dead and buried until someone found a quote from a sundry Russian saying that the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > MalcyMalcysMalcy's Blog +6

Stronger Oil and Natural Gas Prices Combined with Development of Shales and Low Permeability Formations Lift U.S. Crude Oil and Natural Gas Proved Reserves to Record Levels in 2017

Stronger oil and natural gas prices combined with development of shales and low permeability formations lift U.S. crude oil and natural gas proved reserves to record levels in 2017 Proved reserves of crude oil in the United States increased 19.5% from year-end 2016, rising to 39.2 billion barre ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > Oilnatural gasoil price +5