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Oil price, SDX Energy, President Energy, Savannah Petroleum, Amerisur Resources, Sundry-Petrofac-IOG- And finally…

  Oil price At this rate with crude up modestly this morning the week may end up being flat or even up a touch, news in the market has tugged the price this way and that reflecting diverse sympathies. The downward pressure has come from agencies reporting higher US shale production and today th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 days agoOpinion > oil priceAmerisur ResourcesPresident Energy +6

Oil price, Hurricane, SDX Energy, Pantheon, Genel, Premier And finally…

  Oil price Even with a decent bounce on Friday the week ended on a downward note, WTI lost $1 and Brent 33c as geopolitics wrestled with inventory oddities and of course the strong greenback encouraged by a likely rate hike didnt help. I am in Dubai for a few days so will try and test the mood ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > oil priceSDX EnergyHurricane Energy +3

Oil price, Sound/Echo/Coro, Zenith Energy, Empyrean And finally…

  Oil price Further signs of a bounce back from crude oil yesterday as markets thought that the immediate past of a shake out had been overdone, and so it should. Not much detailed news and recent shorter term sellers closed off their bear trades in case inventory numbers recover next week, whi ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > oil priceZenith EnergyEmpyrean Energy +5

Oil price, Range Resources, Hurricane Energy And finally…

  Oil price A sharp correction yesterday caused by the inventory figures, first the API and then the EIA. It was not crude that caused the trouble, the draw there was quite impressive but the build in gasoline stocks in particular. Refiners upped their runs to 93.8% which drew crude but added s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > oil priceHurricane EnergyRange Resources +1

Oil price, Savannah Petroleum, Upland Resources, Link And finally...

  Oil price Yesterday was a little bit like the day after the Lord Mayor's Show, after the Opec meeting and the rollover of the agreement there was a bit of profit taking and for once Brent was hit harder than WTI. That has put the differential back below $5 but that may be because there were ...

Malcolm Graham-Wood - Malcy's Blog


Posted 12 days agoOpinion > oil priceNon-OPECSavannah Petroleum +12

Amerisur, Genel Energy, Reabold Resources

Amerisur Resources A flash blog today as I am travelling, will detail more tomorrow. AMER has announced its monthly production and OBA throughput numbers which are in line with my expectations. Average production of 6,051 b/d making 7,037 b/d including Mariposa-1 LTT which will rise substantiall ...

Malcolm Graham-Wood - Malcy's Blog


Posted 13 days agoOpinion > Amerisur ResourcesGenel EnergyReabold Resources +1

Oil price, Victoria Oil & Gas And finally…

  Oil price The Opec meeting ended up with what everyone expected, a maintenance of cuts through to the end of 2018. There was a modest tip of the hat to Russia by agreeing to a ‘production review' at next June's meeting which may be interesting. There is no certainty that at that stage thing ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > oil priceVictoria Oil & GasOPEC +1

Oil price, Sound Energy, Sundry-Sirius Petroleum, Lamprey, And finally…

  Oil price Opec day today so we are in the land of guesswork, yesterdays modest fall was in response to the speech by the Saudi Oil Minister who was corralling the Russkis to sign up for the 2018 deal. The price this morning is showing Brent up by nearly 50 cents so is predicting an agreeme ...

Malcolm Graham-Wood - Malcy's Blog


Posted 17 days agoOpinion > oil priceSound EnergySundry-Sirius Petroleum +2

Range Resources

A flash blog this morning as I am on the move early doors for an interview and a couple of company visits. However I know that patient, longstanding shareholders of RRL will be most relieved to see today's announcement from the company that indicates subject to a couple of preliminaries that the Lo ...

Malcolm Graham-Wood - Malcy's Blog


Posted 18 days agoOpinion > Range ResourcesLondonListing +1

Oil price, Shell, Ascent Resources, Frontera Resources, Touchstone, Link, ROK’N’OIL And finally…

  Oil price With only two days to go until Opec D-Day things are remarkably quiet by historical standards, normally stances are being set and requirements demanded but right now only two things matter, how long will the accord be extended and are the Russkis on board. How long is relatively e ...

Malcolm Graham-Wood - Malcy's Blog


Posted 18 days agoOpinion > oil priceShellAscent Resources +11

Oil price, Tullow/UOG, President Energy, WOGW And finally…

  Oil price Opec week finally comes around and as usual it seems that most of the decisions have been made in advance in order to give the impression of harmony and accord amongst the member states. Obviously, with the Opec/Non-opec agreement there are more meetings to squeeze in ahead of Thurs ...

Malcolm Graham-Wood - Malcy's Blog


Posted 20 days agoOpinion > oil priceTullow OilOPEC +3

Oil price, Ophir Energy, SDX Energy, Cabot Energy, Sound Energy And finally...

  Oil price The news this week on the oil price has been as much if not more than a fairly slim number of company announcements, with the Opec meeting next week this may continue to be the case. Spending some time in the true home of oil this week was inspirational and as is often the case some ...

Malcolm Graham-Wood - Malcy's Blog


Posted 22 days agoOpinion > oil priceOphir EnergySDX Energy +4

Flash blog, Trinity Exploration, Range Resources

Trinity/Range It has been announced this morning that the previously announced deal between these companies by which Range were scheduled to acquire Trinity's West coast assets has failed to obtain regulatory approvals in Trinidad. This means that the deal will be unable to complete by the backs ...

Malcolm Graham-Wood - Malcy's Blog


Posted 24 days agoOpinion > Trinity Exploration & ProductionRange ResourcesTrinity West +1

Oil price, BP/Cairn/Far, Amerisur, Sound, SDX, Serica And finally…

  Oil price A quiet day in the oil bourses in which the problems being encountered by Mrs Merkel meant that the market ended in a listless and slightly concerned manner. This morning the market is up by around 30c, again on very little news. As we run up to the Opec meeting there will be the us ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > BPoil priceAmerisur Resources +7

Oil price, SDX Energy, Zenith Energy, Wood Group, Sundry-Conoco-IR pay?, And finally…

  Oil price With a decent rally on Friday the falls on the week were almost negated, WTI was down 19c and Brent 79c by Friday's close which could have been worse. After all it was the IEA vs Opec reports week, I know who I would hire to write a life saving piece of work and the inventory stats ...

Malcolm Graham-Wood - Malcy's Blog


Posted 27 days agoOpinion > oil priceSDX EnergyZenith Energy +5