Malcy's Blog


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Oil Price, Genel, Lamprell, Empyrean, and Finally…

WTI $65.07 -78c, Brent $75.08 -26c, Diff -$10.01 +52c, NG $2.90 -5c Oil Price What can I say that hasn't already been said ahead of Friday, and possibly Saturday's Opec meeting? For the first time in a while this will be an ‘unfriendly' meeting as those who can't increase production oppose in ...

Malcolm Graham-Wood - Malcy's Blog


Posted 17 hours agoOpinion > oil priceGenel EnergyLamprell +4

Rockhopper, And Finally...

Rockhopper RKH has announced an Egypt update this morning and progress is certainly being made in the ‘Greater Med'. At Abu Sennan production is being maintained at 4/- boe/d gross, net 880 to RKH. They have also announced the drilling campaign for the summer which comprises exploration and deve ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > RockhopperMalcyMalcy's +1

Oil Price, Sound Energy, Echo Energy, Jersey Oil & Gas, and Finally…

WTI $66.89 +25c, Brent $75.94 -80c, Diff $9.05 -$1.05, NG $2.96 n/c Oil Price Once again prices were very mixed yesterday, even the differential is back into single figures after Brent fell and WTI strengthened. Another very strong day for the dollar didn't help but the terrorist attacks in L ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > oil priceSound EnergyEcho Energy +5

Oil Price, VOG, SDX, Petro Matad, Reabold Resources, Pantheon, and Finally…

WTI $66.64 +28c, Brent $76.74 +86c, Diff -$10.10 +58c, NG $2.96 +2c Oil Price A bit of same old, same old as the market scrabbles for information now only eight days ahead of the Opec meeting. As I mentioned yesterday the meeting of minds today is in Moscow as the big four, Putin, MbS, Novak ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > oil priceVictoria Oil & GasVOG +6

Oil Price, Enteq Upstream, Upland Resources, Block Energy, and Finally…

WTI $66.36 +26c, Brent $75.88 -58c, Diff -$9.52 -84c, NG $2.94 -1c Oil Price Well, you can as they used to say, you pays your money and takes your choice with regard to what might happen in the oil market in the run up too and after, the Opec meeting next Friday. Pretty much all options are s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 days agoOpinion > oil priceEnteq UpstreamUpland Resources +4

Oil Price, Echo Energy, Touchstone Exploration, and Finally…

WTI $66.10 +36c, Brent $76.46 n/c, Diff -$10.36 -36c, NG $2.95 +6c Oil Price The usual pre-Opec cat and mouse position taking kept oil prices virtually unchanged yesterday. The Iraqi Oil Minister reaffirmed the comments I recently published, this time saying that ‘prices need support and stab ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 days agoOpinion > oil priceEcho EnergyTouchstone Exploration +4

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

WTI $65.74 -21c, Brent $76.46 -86c, Diff -$10.72 -65c, NG $2.89 -4c Oil Price Oil was down modestly on Friday and pushed it into negative territory for the week, WTI lost just 7c and Brent 33c after the usual ups and downs. There are still opposing forces operating which will likely keep thin ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > oil priceEcho EnergyBlock Energy +3

Oil Price, Amerisur, Sound, Ascent, Zenith, Empyrean, and Finally…

WTI $65.95 +$1.22, Brent $77.32 +$1.96, Diff -$11.37 +74c, NG $2.93 +3c Oil Price Oil prices got back down to $65 and $75 so it was time to rally and apart from the strong greenback most of the news was positive. Firstly, news gets worse in Venezuela where PDVSA are apparently not meeting the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 12 days agoOpinion > oil priceAmerisur ResourcesSound Energy +6

Oil Price, Sound Energy, Frontera, SOCO, Echo, Hurricane, Savannah, President, Rose, and Finally…

WTI $64.73 -79c, Brent $75.36 -2c, Diff -$10.63 +77c, NG $2.90 +1c Oil Price Who would be an oil trader with such odd moves that propel WTI and Brent in differing directions even on published data? Yesterday's EIA inventory stats were much worse than the teenage scribblers had predicted with ...

Malcolm Graham-Wood - Malcy's Blog


Posted 13 days agoOpinion > MalcyMalcy'sMalcy's Blog +8

Savannah Petroleum, Echo Energy, President, Zenith Energy, Sound Energy

Savannah Petroleum SAVP announce this morning that the Amdigh-1 exploration well on the R3 portion odd the R3/R4 PSC area in the Agadem Rift Basin is an oil discovery. The well encountered a total estimated 22m of net oil bearing sandstones in the E1 and E2 reservoir units within the primary Eoc ...

Malcolm Graham-Wood - Malcy's Blog


Posted 14 days agoOpinion > MalcyMalcy'sMalcy's Blog +6

Oil Price, Sound Energy, IOG, Europa Oil & Gas, and Finally...

WTI $64.75 -$1.06, Brent $75.29 -$1.50, Diff -$10.54 -44c, NG $2.93 -3c Oil Price The run in to the Opec meeting on June 22nd has, as I mentioned recently started remarkably early but with 24 seats around the table now and ‘pre-meetings' needed 'twas ever going to be so. The usual five dollar ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > MalcyMalcy'sMalcy's Blog +5

Oil Price, Sound Energy, VOG, SDX, Reabold, Pantheon, Chariot, and Finally…

WTI $65.81 -$1.23, Brent $76.79 -77c, Diff -$10.98 +46c, NG $2.96 +1c Oil Price The greenback was probably as much of an influence on the oil price on Friday as anything else as the economic data all provided ammunition for a rate rise soon and another before the year end. The CFTC data shows ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > oil priceSound EnergyVOG +9

Oil price, BP, Faroe, Cabot, Empyrean, Bahamas Petroleum, i3 Energy And finally...

Oil price Pick your own crude and decide if you are a bull or a bear, yesterday all choices were on offer. Brent tried to break through the $80 barrier and stay there and failed, it it doesnt at least the chartists will be bearish. The bears are also thinking in terms of the June Opec/Non-Opec mee ...

Malcolm Graham-Wood - Malcy's Blog


Posted 28 days agoOpinion > Malcy's BlogBPCabot Oil & Gas +3

Oil price, Kosmos Energy, Zenith Energy, Getech Group And finally...

Oil price A quiet day on Friday, crude still ended up on the week, WTI by 58c and Brent by $1.39, this morning we are up by around 50c. So, Nicholas Maduro won his election in Venezuela and the US State department are saying that US sanctions are ‘under active review' as Washington do not recognis ...

Malcolm Graham-Wood - Malcy's Blog


Posted 30 days agoOpinion > Malcy's BlogKosmos EnergyZenith Energy +1

Oil price, Hurricane, Zenith, Premier And finally...

Oil price The oil price just about managed a small gain yesterday although conditions were hardly ideal, disappointing Chinese growth stats and a strong dollar wouldn't have helped. Set against that was a lower than expected production report from Iran and more noise about what the US will do to V ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogHurricane EnergyZenith Energy +1