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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 day 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 2 days agoOpinion > Malcy's BlogJersey Oil & GasEnQuest +4

Oil price, Bowleven, Falcon Oil & Gas, And finally...

Oil price Same old, same old, as the oil price reacts to various stories all well known to market participants. Yesterday was an up day as it seems to be confirmed by almost all sources that cohesion was over 90% in January led by the Saudis. The various reporting bodies are showing that the overs ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > Malcy's BlogBowLevenFalcon Oil & Gas

Oil price, Faroe, And finally...

Oil price The oil price is marginally down on the week but little has happened, the inventory figures may have signalled panic but were rescued by the gasoline draw helped by lower refinery runs but better signs of growth in the economy. A very slight thaw in the Donald's attitude towards China is ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > Malcy's BlogFaroe Petroleum

Oil price, Hurricane Rockhopper, And finally...

Oil price Very little to report, traders citing a quiet day at the bourse. The usual anti-Iran rhetoric from the USA and reports of building production domestically so no change there. Money managers continue to increase their skin in the oil price game. Hurricane Energy Further good new from ...

Malcolm Graham-Wood - Malcy's Blog


Posted 14 days agoOpinion > Malcy's BlogRockhopper ExplorationHurricane Exploration

Oil price, Ithaca Energy, Aminex/Solo, Europa/Angus, Velocys, And finally...

Oil price Marginally up last week but creeping in the right direction aided by the Iranians doing a missile test that was probably ill advised for such a peace loving nation…The Donald responded as you might expect but he cannot do much about the international sanctions, yet. The EIA said that US ...

Malcolm Graham-Wood - Malcy's Blog


Posted 14 days agoOpinion > Malcy's BlogIthaca EnergyAminex +4

Oil price, Victoria Oil & Gas, Premier Oil, Sound Energy, Diversified Gas & Oil, And finally…

Oil price Yesterday was another up and down day, Brent traded above $57 for some of the time helped by comments from the Russian Oil Minister saying that they were cutting over and above their pact number whilst the Donald poked Iran. On the negative side, Buzzard returned after its unscheduled do ...

Malcolm Graham-Wood - Malcy's Blog


Posted 18 days agoOpinion > Malcy's BlogVictoria Oil & GasPremier Oil +2

Oil price, Sound Energy, SDX Energy, SOCO, Plexus, And finally…

Oil price Sentiment over quota adhesion won over stock build and US production yesterday and crude had a reasonable rally helped by a weaker greenback. Stocks were higher than expected at 6.5m barrels and gasoline was also higher than forecast at 3.9m barrels, refineries still producing despite lo ...

Malcolm Graham-Wood - Malcy's Blog


Posted 19 days agoOpinion > Malcy's BlogSound EnergySDX Energy +2

Oil price, Chrysaor, Wood Group, SOCO, And finally…

Oil price We might get a few down days albeit of a modest nature, the reason is that as the month ends scribblers galore will start guessing what January production was and how short of the 1.2m b/d target it is. First up today is Petro-Logistics who think that it was down by 900/- b/d which, shou ...

Malcolm Graham-Wood - Malcy's Blog


Posted 21 days agoOpinion > Malcy's BlogChrysaorWood Group +1

Oil price, Ascent Resources, IGas, Premier Oil, And finally…

Oil price Still very quiet with no obvious signs of breaking out either way. Looking at the CFTC numbers on Friday the money managers have added to their long positions again, up by 24m barrels in WTI which is as high as they have been since 2014…The other positive is that reports are still coming ...

Malcolm Graham-Wood - Malcy's Blog


Posted 22 days agoOpinion > Ascent ResourcesIGasPremier Oil +1

Oil price, Roundup-SDX-Rockhopper-Range-Pantheon-Velocys-Bowleven, And finally…

Oil price I had some interesting comments after I said that the oil price was boring at the moment, these ranged from ‘give me more boring at $55' to ‘you should see the rest of the market mate'. I'm afraid it is still boring, crude is up about a dollar on the week with Brent about to expire. The ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > Malcy's BlogSDX EnergyRockhopper Exploration +2

Oil price, SDX Energy, EnQuest, Bowleven, And finally…

Oil price Boring is the correct word to be frank as crude lifts gently on the back of global supplies tightening and stocks slowly falling. After the close the API numbers were in line with forecasts at +2.93m barrels but Cushing was down which was ok but gasoline stocks were still very high. SD ...

Malcolm Graham-Wood - Malcy's Blog


Posted 27 days agoOpinion > Malcy's BlogSDX EnergyEnQuest +1

Oil price, Amerisur, Rockhopper, And finally...

Oil price A very quiet day according to traders, oil was firmed by the continued weakness in the greenback and the comments from Iraq suggesting that all members of Opec were playing the game but some drift was provided by talk of US production increasing, but that's a given surely? Amerisur Res ...

Malcolm Graham-Wood - Malcy's Blog


Posted 28 days agoOpinion > Malcy's BlogRockhopper ExplorationAmerisur Resources

Oil price, Lamprell, Thalassa Holdings, Sundry-Genel/GKP- Providence- Cairn/Far- And finally...

Oil price Very little change last week, indeed this time last week you could have closed the book and taken the week off. The usual voices pushing either way had no ammunition although the bears had a go on Friday after the rig count numbers to no avail, with oil units up 29 to 551 one might have ...

Malcolm Graham-Wood - Malcy's Blog


Posted 29 days agoOpinion > Malcy's Blogoil priceLamprell +5

Oil price, Tullow, Cairn, Cape, Velocys, And finally...

Oil price The above prices are slightly skewed as the US was shut for MLK day, I suspect that tomorrow will rearrange the order of things. I remain sceptical about bulls and bears sticking to their view, yesterday the Saudis said that after the May meeting the quotas may not need to be rolled over ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogTullow OilCairn Energy +2

Oil price, Trinity E&P, Andes Energia, And finally…

Oil price Another good day yesterday as news that the Saudis production was falling more than expected came out. With production now below 10m b/d they are clearly making up for any quota busters such as Iraq. Bears of the deal will clearly take it as bad news that the Saudis have to make up for o ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogTrinity Exploration & ProductionAndes Energia

Oil price, SDX Energy, Ithaca, Faroe, Premier, Ophir, Wressle, And finally…

Oil price There are going to be a lot of weeks like this so get used to it! The Grand Old Duke of York would be proud of the ups and downs of the oil market mainly on the whim or rumour whirling around. Yesterday the good news was provided by the Saudis and the Russians who said that they were alr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogSDX EnergyIthaca Energy +3

Oil price, Tullow, Sundry-Wood Group-President- And finally…

Oil price Another down day as one might expect, this process is going to take some time and it wouldnt be normal if a combination of greedy hedgies and short term ambulance chasers didnt knock the market some days. The last couple of days have been all about Iraq and the extent to which they are c ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogTullowWood Group +1

Oil price, Amerisur, Petrofac, Sundry-Plexus-Genel-Aminex-Sound Energy-Chariot-Trinity- And finally…

Oil price The oil price was steady enough last week, a pretty good performance under all circumstances. It battled with a strong dollar probably likely to be made stronger, as the NFP numbers were low field but wage growth indicated some heat in the US economy that will likely be treated by rate r ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogAmerisur ResourcesPetrofac +5

Oil price, Sound Energy, Cape, Sundry-Tullow-Plexus- And finally…

Oil price Another good day for the oil price as the KPC confirmed that it was cutting production in January as part of the Opec agreement. Further good news came from Bloomberg as their survey showed that in December Opec output fell by 310/- b/d to 33.1m b/d. Another vaguely positive number was ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's Blogoil priceSound Energy +3