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Oil price, Jersey Oil and Gas, President Energy, Wentworth Resources, BP And finally…

  Oil price The market ran out of steam yesterday, there was no shortage of good news but a combination of profit taking and a lessening of geopolitical risk in Kurdistan as I reported yesterday, took the heat out of the market. That was added to by Shell lifting the Force Majeure on Bonny Ligh ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > oil priceJersey Oil & GasPresident Energy +5

Oil price, Amerisur, Genel, Plexus, Links And finally…

  Oil price Onward and sedately upwards, the oil market takes note of the near 400/- b/d closed in from Kurdistan although not panicking as surely some agreement will be put in place. Chatter that the Opec/Non-Opec agreement might be extended through the whole of 2018 also supported prices but ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 days agoOpinion > oil priceAmerisur ResourcesPlexus +2

Oil price, RockRose Energy, Independent Oil & Gas And finally…

  Oil price A very quiet day, the Peshmerga have retreated to the 2003 borders apparently which eased upwards pressure but after the close the API stats showed a big draw which if confirmed by the API tonight will maintain upward pressure. RockRose Energy RockRose has announced another deal ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 days agoOpinion > oil priceRockRose EnergyIndependent Oil & Gas +2

Oil price, Genel Energy, President Energy, Zenith Energy And finally...

  Oil price No blog yesterday as I was ‘out and about' but company news is fairly thin on the ground at the moment. The oil price remains firm and today Brent is above $58 and WTI above $52, last week they gained $1.55 and $2.16  respectively. The main positive are the substantial export cuts f ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 days agoOpinion > oil priceGenel EnergyPresident Energy +3

Oil price, Jersey Oil and Gas And finally…

  Oil price A bit of drift yesterday as markets read the final of the three monthlies, this one from the IEA and was more bearish than the others. It rather spoiled the party as it reduced demand forecasts although most other forecasts remained as before. The good news is that in all the years ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 days agoOpinion > oil priceJersey Oil & GasEIA +3

Oil price, Independent Oil & Gas, Tullow, President Energy And finally…

  Oil price Another up day for crude yesterday, Opec kicked of the monthly reports session by increasing demand forecasts for next year by an albeit modest 200/- b/d. The EIA STEO is out this morning and at first glance is uncontentious. Crude drifted late in the day and when the API inventory ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > Independent Oil & GasTullowPresident Energy +2

SDX Energy, Gulfsands Petroleum

SDX Energy Further good news this morning from SDX who has reported a gas discovery on well KSR -14 on the Sebou permit in Morocco. The 20 metres of net conventional natural gas pay in the Guebbas and Hoot formations were found over four intervals. These results have exceeded pre-drill estimates a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 10 days agoOpinion > SDX EnergyGulfsands Petroleumgas +2

Oil price, JOG, President, Columbus, Petrofac, Wood Group And finally…

  Oil price Oil prices faded at the end of last week for no great reason, TS Nate worried traders who thought that it would take out refining capacity but in the end whilst it was all gong and very little dinner by recent standards. The fundamental news is much more positive, the Putin/Salman t ...

Malcolm Graham-Wood - Malcy's Blog


Posted 12 days agoOpinion > AminexAmerisur Resourcesoil price +15

Oil price, Sound Energy/Coro Energy, Echo Energy, Zenith Energy, Frontera Resources, And finally...

An interesting week in the oil markets, Brent should end it virtually unchanged with WTI off by a dollar or so. Interestingly WTI is now seeing buyers from far and wide, partly as the discount now makes it cheap enough to take to India, China and the Pacific rim. The EIA announced that last week th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > Amerisur ResourcesSound EnergyCoro Energy +8

Sound Energy, Saffron, Po Valley, SDX Energy

Still travelling so a flash blog today... Sound Energy, Saffron, Po Valley Sound has announced a heads of terms with Saffron and Po Valley by which Sound disposes of its portfolio of Italian interests and permits to Saffron. They will receive Saffron shares which they intend to distribute to sh ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > Sound EnergySaffronPo Valley Energy +1

Sound Energy, Echo Energy

I'm travelling today so a quick note on the above. Sound Energy Sound has announced a three well exploration programme in Eastern Morocco which has ‘the potential to significantly increase the value of their core acreage'. The three wells which will be drilled back to back will target high i ...

Malcolm Graham-Wood - Malcy's Blog


Posted 17 days agoOpinion > Sound EnergyEcho EnergyMorocco +1

Oil price, Amerisur, Hurricane, Ophir And finally…

  Oil price The oil price has fallen by around a dollar this morning as there are one or two snippets of indifferent news around. First glance at September output from Opec is apparently a touch disappointing but although Libya is up a bit I think that Nigeria is still down somewhat. This might ...

Malcolm Graham-Wood - Malcy's Blog


Posted 19 days agoOpinion > oil priceAmerisur ResourcesHurricane Energy +1

Oil price, President, Gulfsands, Pantheon, IOG, RockRose, And finally...

  Oil price Oil prices have drifted after the big rises earlier in the week but barring the unforeseen the market looks to be set reasonably fair. Today is the end of the week, month and quarter so don't expect any fireworks, also with Brent expiry and rollover of contracts looking economically ...

Malcolm Graham-Wood - Malcy's Blog


Posted 22 days agoOpinion > oil pricePresident EnergyGulfsands Petroleum +3

Oil Price, VOG, JOG, Aminex, Cabot, Podcast, And finally...

  Oil Price At last the price divergence between WTI and Brent is starting to narrow as we head towards the month and quarter end along with Brent expiry. This was mainly to do with the EIA inventory stats yesterday, they showed a draw of 1.85m barrels against expectations of a 3.4m build. We a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 23 days agoOpinion > oil priceVictoria Oil & GasJersey Oil & Gas +3

Oil price, VOG, Faroe, Amerisur, Trinity, Tullow And Finally...

Oil price No blog yesterday, a hugely busy one running around catching up with companies with results as the end of September deadline approaches. The oil price had an equally frenzied day, a number of factors pushed prices higher, indeed Brent closed at a two year peak although this morning p ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > oil priceVictoria Oil & GasFaroe Petroleum +3