oil price


All posts for oil price

Oil Price, Wentworth Resources, Egdon/Union Jack/EOG And Finally…

WTI $63.97 +24c, Brent $69.38 +23c, Diff -$5.41 -1c, NG $3.23 +10c Oil Price Oil rallied a touch yesterday after the previous day's technical drop ahead of the weekend meeting of Opec and Russia in Muscat. After the close the API stats were very positive with crude stocks drawing by 5.12m bar ...

Malcolm Graham-Wood - Malcy's Blog


Posted 13 hours agoOpinion > MalcysMalcy's Blogoil price +5

Oil Price, BP, Zenith, Faroe, Gulfsands, Empyrean, Ophir, Amerisur, Links And Finally…

WTI $63.73 -$1.09, Brent $69.15 -$1.11, Diff -$5.42 -2c, NG $3.13 -7c Oil Price A down day after the Martin Luther King holiday, probably a bit of a technical correction, $65 and $70 seemed a little rich for the money managers with over a bill tied up in oil…But comments by Russian Oil Minis ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > MalcyMalcy's Blogoil price +7

Australian LNG Industry Riding High on China Boom

Total annual exports up 26% to record 56.8Mt Australian liquefied natural gas (LNG) exports hit 56.8 million tons (Mt) in calendar 2017, jumping 26.3 percent from 44.9Mt in the year prior. Combined with higher oil prices, the increase in volumes pushed up Australia's 2017 LNG export revenue by ...

OilVoice Press - OilVoice


Posted 3 days agoPress > AustraliaChinaLNG +3

Oil Price, SDX Energy, Wentworth Resources, Velocys And Finally…

  Oil Price Oil had another good week closing pretty much at the highs and shaking off all bearish sentiments. It is quite frankly quite nauseating to see the bears from leading investment banks and journos trying to pretend they were anything other than totally wrong last year. Ambrose must h ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 days agoOpinion > oil priceMalcy's BlogMalcy +3

Oil Price, President Energy, Frontera Resources, Zenith Energy And Finally…

  Oil Price There is not much to add on the oil price to events of the week. Yesterday Brent printed above $70 but ended up 80 cents off the top as traders, already long, felt no need to take out the higher resistance levels. It will take something quite powerful to do it but chartists dont wor ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > oil pricefrontera resourcesPresident Energy +1

EIA Forecasts Mostly Flat Crude Oil Prices and Increasing Global Production Through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , January 2018 EIA's January Short-Term Energy Outlook forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. In both 2018 and 2019, EIA ...

OilVoice Press - OilVoice


Posted 7 days agoOpinion > EIAEnergy Information Administration EIAUnited States +5

Oil Price, Premier, Rockhopper, Wentworth And Finally…

  Oil Price Not much to add, the EIA stats were better than expected, a draw of 4.9m barrels v 3.4 guesses but not quite as impressive as the API numbers. Nevertheless crude is slightly better again this morning with $70 Brent within reach… Premier Oil A trading and operations update from ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 days agoOpinion > oil priceMalcyMalcy's Blog +4

Oil Price, Savannah, Tullow, SOCO, And Finally…

  Oil Price Crude continues to rise and my chartist friends are getting desperate as all markers are piling through resistance levels which makes them very nervous. Above $69 on Brent for example the next stop is $71 which is the 50% retracement level, this takes it into clear blue water, after ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 days agoOpinion > Malcy's Blogoil priceSavannah Petroleum +6

Whether We Like It Or Not, Events Do Impact Oil Prices

This last week we've seen a number of significant events in the oil industry. A tanker fire and oil spill off the coast of China, President Trump's decision to ban drilling off the coast of Florida, and oil prices have now risen to their highest level since 2014. In the oil business it's easy to ma ...

Scott Johnson


Posted 8 days agoOpinion > oil priceIranDonald Trump +2

Oil Price, SDX Energy, Tullow/Magma Global And Finally…

  Oil Price A modest up day yesterday, somewhat led by product prices in the US which is not surprising given the bad weather out there. As forecast, distillate stocks are running down as US power plants are using fuel oil where they can, with demand increased as a big nuclear plant on the ea ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > oil priceMalcy's BlogSDX Energy +5

The Road Ahead for Oil

Technical analyst Clive Maund charts oil and suggests that a commodities bull market may be brewing. The paradoxical technical situation for oil that we highlighted in the last update has continued—and has gotten even more extreme. In that update we concluded that oil's very bullish volume ind ...

OilVoice Press - OilVoice


Posted 9 days agoOpinion > oil priceCommoditiesStreetwise Reports +1

EIA: US Gasoline Prices Increased in 2017

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update U.S. regular retail gasoline prices averaged $2.41 per gallon (gal) in 2017, 27 cents/gal (13%) higher than in 2016 , but two cents/gal less than in 2015. Higher crude oil prices in 2017 contributed to higher ...

OilVoice Press - OilVoice


Posted 10 days agoOpinion > EIAUSUnited States +3

Post-EIA Oil Inventories Commentary: S&P Global Platts Analytics - Quote Sr. Oil Analyst Jenna Delaney

Final numbers for 2017 from the EIA's Petroleum Weekly wrap up a year of significant draws on U.S. petroleum inventories. Total commercial hydrocarbon inventories ended the year 110 million barrels below where the year began. The decline was led by crude oil, which fell by 59 million barrels during ...

OilVoice Press - OilVoice


Posted 10 days agoOpinion > EIAOil InventoriesS&P Global Platts +4

Oil Price, VOG, Aminex, Ascent And Finally…

  Oil Price Last week WTI was up $1.02 and Brent rose by 90c, forecasts of economic growth were good and international bourses mainly continued to rise. The more of this we can get in the seasonally tricky first half the more likely the oil price is likely to hang on to recent gains. Most of ...

OilVoice Press - OilVoice


Posted 10 days agoOpinion > oil priceAminexVOG +3

Will 2018 see an oil race between the U.S. and Russia?

Things are looking up in the global oil market. The market is rebalancing and oil prices are rising. Pushed up by protests in Iran, supply cuts by OPEC and Russia, and the return to full operations of the Forties pipeline system in the North Sea, oil prices posted their strongest opening to a year s ...

Scott Johnson


Posted 14 days agoOpinion > Oiloil priceOPEC +2