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Oil price, Rockhopper, Sound Energy, And finally…

Oil price A mixed day yesterday, it might have been worse as the EIA inventory stats were worse than forecast at a build of 4.95m barrels against expectations of +1.77m. Crude did stage a late comeback which saved the day to a certain extent. More on the OGA licences later when I have looked at th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 hours agoOpinion > Malcy's BlogRockhopper ExplorationSound Energy +1

Oil price, Far Limited, RockRose Energy, IGas Energy, Solo Oil, plus links on SAVP-SDX-IGas- And finally…

Oil price Yesterday was a bad day for oil, not because it fell but more as it started brightly moving up on general news from Russia and sundry participants that a roll over was increasingly likely at the May meeting. During the day announcements from Libya that it was increasing production (somet ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 hours agoOpinion > FARRockRose EnergyIGas +2

Oil price, SDX Energy, Bowleven, And finally...

Oil price Last week oil prices started off in the weak manner of previous form but ended rallying a little and both WTI and Brent were marginally up by the close on Friday. It's not an easy call at the moment, the dollar is under a bit of pressure, inventory numbers look a little more helpful, exc ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 days agoOpinion > Malcy's BlogSDX EnergyBowLeven

Oil price, Tullow, IGas, Range Resources, Sundry-BP/Ineos- And finally…

Oil price All quiet on the oil price front although the IEA report was marginally positive suggesting that Opec were at 98% 0f quotas and although they cut their world oil demand growth for this year a touch. The main supporter of the Opec output fall is the KSA who are leading by example having r ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > oil priceMalcy's BlogIGas +3

Oil price, Amerisur, Sundry delayed comment-Sound-VOG-Premier-BLVN-Faroe-Cape-Savannah-Pantheon-President-And finally…

Oil price Yesterday was the first up day for over a week as inventories came to the rescue and various reports were a tad more bullish about the market stocks position. The EIA reported a small draw of 237/- barrels in crude oil against market guesses of a build of 3.3m or more, and the position ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > Malcy's BlogAmerisur ResourcesSound Energy +7

Oil price, Wood Group/Amec, Cape, Range Resources, Catch up sundry-Amerisur-President-IGas-Premier- And finally...

Oil price The CERA conference in Houston has a lot to answer for, as it managed to get enough people in the industry thinking that Opec couldn't hold together and then wouldn't rollover in June, cue the spivs head for the door panicking about their overweight positions. To be fair, the inventory s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > Malcy's BlogWood GroupAMEC +6

Oil price, Cairn, Sound Energy, Providence, Sundry-EOG-Aminex-Northern Petroleum- And finally...

Oil price Still not much going on, the Saudi Oil Minister said that he sees the oil market ‘improving' but then he would, wouldn't he? The market is waiting on more Chinese data today and on the subject of data the API inventory stats showed a substantial build of 11.6m barrels which should that b ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > oil priceCairn EnergySound Energy +4

Oil price, AMEC/FW, Cairn/Far, And finally…

Oil price Markets are quieter than normal, not sure why, cant see that lot at CERA week can you? The Iraqi Oil Minister said yesterday that if there was a 2H rollover of the Opec agreement, and there probably would be, then his country would participate. Elsewhere the IEA suggested that US shale p ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > Malcy's Blogoil priceAMEC +3

Oil price, Victoria Oil & Gas/Bowleven, Independent Resources, Union Jack, And finally…

Oil price The oil price remains range bound, last week both WTI and Brent were down by less than a dollar after Opec adhesion, Russia nonconforming,  money managers topping up and poor inventory stats took their turn to influence the market. There is no reason why much will change for a while,if a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > Malcy's BlogVictoria Oil & GasBowLeven +2

Oil price, Trinity E&P, Sundry- Kuwait Energy-Velocys-Bowleven-Hunting-Plexus-And finally...

Oil price Not a good day for the oil price as the bears took command although probably temporarily. A strong dollar didnt help as thoughts of a rate rise swirled around the market but the real culprit was Russia. The news that their production in February was 11.11m b/d in February, unchanged on J ...

Malcolm Graham-Wood - Malcy's Blog


Posted 19 days agoOpinion > Malcy's BlogTrinity Exploration & ProductionKuwait Energy +4

Oil price, IGas, Premier, SDX Energy, Wentworth, Sundry-Bowleven-Northern-IOG-And finally...

Oil price The April Brent contract rolled over yesterday, in itself a quite exciting pattern of trading by recent standards. The independent surveyors I was talking about the other day started promptly with Reuters first out of the blocks to give a 94% adherence to quotas in February. The USA prov ...

Malcolm Graham-Wood - Malcy's Blog


Posted 21 days agoOpinion > Malcy's BlogIGasSDX Energy +4

Oil price, Premier, Roxi, Union Jack, And finally...

Oil price Still stuck in a narrow trading range, both WTI and Brent rose by 21 cents last week. Friday might have been a lot better if London traders hadnt been suffering from the after effects of the IP dinner, but the boys in long trousers go and and do the Scottish Oil Clubs event on Friday as ...

Malcolm Graham-Wood - Malcy's Blog


Posted 23 days agoOpinion > Malcy's BlogPremier OilRoxi Petroleum +1

Oil price, Far/WPL, Gulf Keystone, Sundry-Petrofac-Sirius Petroleum- And finally...

Oil price Yesterday the oil price went down, Petro something or other counted some tankers and said that within Opec, and from Russia, oil exports were ‘on the rise'. I'm not sure that they are but who knows? After the close the API reported inventory stats which cheered the market as they actuall ...

Malcolm Graham-Wood - Malcy's Blog


Posted 27 days agoOpinion > Malcy's BlogGulf KeystonePetrofac +3

Oil price, Sound Energy, Lekoil, President, Velocys, And finally…

  Oil price The oil price was effectively flat last week, a few cents off between friends. The same influences are exerting and unless something changes dramatically we will remain range bound. All the reports are in and show around 90% adhesion to the Opec and Non-Opec agreement which is bett ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogSound EnergyLEKOIL +2

Oil price, Jersey Oil & Gas, EnQuest, Ithaca, Sundry-Bowleven-Solo-Gulfsands-Chariot- And finally…

Oil price The oil price is almost the same as it was last friday, nothing is moving it at the moment almost as if it was the subject of price fixing, à la gold and silver of yore, not any tomfoolery I assure you… This week saw another set of whopping inventory increases which only seem to steady t ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogJersey Oil & GasEnQuest +4