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Oil price, Hunting, Empyrean Energy, And finally…

Oil price After a shaky start yesterday the oil price settled near the highs of the day, as an example Brent had traded down to around 50 bucks but was nearly a dollar off the bottom at the close. The continued strong dollar hasn't been helping and the market is still concerned about those Chinese ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 days agoOpinion > Malcy's BlogHuntingEmpyrean Energy

Oil price, Range Resources, Tower Resources, Link, And finally…

Oil price Sometimes the market wants to go in a certain direction, a few weeks ago no amount of good news could trigger a rally, at the moment it is the other way around. Yesterday, news that the uprising in the control room at the Sharara field in Libya had been put down and production was back u ...

Malcolm Graham-Wood - Malcy's Blog


Posted 11 days agoOpinion > Malcy's BlogRange ResourcesTower Resources +1

Oil price, President, Hurricane, Cabot, Sundry-Kosmos-Genel-Aminex- And finally…

Oil price The oil market was fast and furious yesterday and in heavy trading both WTI and the new front month of Brent crude for October struggled under a welter of mainly disappointing news. The first was the Bloomberg report that July output from Opec was again above quotas with an increase of 2 ...

Malcolm Graham-Wood - Malcy's Blog


Posted 17 days agoOpinion > Malcy's BlogPresident EnergyHurricane Energy +4

Oil price, Sound Energy, Genel, Sundry-Empyrean-Thalassa-UKOG- And finally…

Oil price Onwards and upwards as a number of things added to yesterday's tick list. The data is coming out re long/short positions built in July and they, unsurprisingly show a substantial build in NSL with a lot of short closing. Elsewhere it was announced that there will be a meeting on 7/8 Augu ...

Malcolm Graham-Wood - Malcy's Blog


Posted 18 days agoOpinion > Malcy's BlogSound EnergyGenel Energy +3

Oil price, Faroe Petroleum, Echo Energy, Tullow Oil, Range Resources, Petrofac, And finally…

Oil price New best friends Russia and Saudi Arabia are underpinning the market, to a degree although longevity is always uncertain. The KSA after having surprisingly ‘unadhered' to its own quota in May has now accepted its punishment and will cut back more in August and September. The Russians are ...

Malcolm Graham-Wood - Malcy's Blog


Posted 22 days agoOpinion > Malcy's BlogFaroe PetroleumEcho Energy +3

Oil price, Pantheon Resources, And finally…

  Oil price Brent was never going to hold over 50 bucks, not this time anyway as predicted last week, a run up during the week had the air taken out of it on Friday when it became clear late on that deeper production cuts were not on the agenda for today's meeting in St Petersburg. Indeed it s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > Malcy's BlogPantheon Resources

Oil price, Aminex, Cabot Energy, Sundry-Falcon-Columbus- And finally…

Oil price The oil price rose again reaching levels last seen on 6th of June but Brent also hitting the big figure obstacle which it has struggled to break through in recent  attempts. The EIA inventory stats were mainly full of good news, the crude draw of 4.7m barrels was 1.2m more than forecasts ...

Malcolm Graham-Wood - Malcy's Blog


Posted 29 days agoOpinion > Malcy's BlogAminexCabot Oil & Gas +2

Oil price, Premier Oil, Thalassa, Ophir, Providence Resources, Sundry-Shell-SDX-Egdon etc-Range Resources-AMFW- And finally…

Oil price The EIA inventory stats followed the API numbers and reported a healthy draw of 7.6m barrels as predicted here but not by the goons on the Street who had crayoned in 2.3m barrels. Mixed news though with production still high, Libya up again and the KSA slightly exceeding quotas, (but onl ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogPremier OilThalassa Holdings +5

Oil price, Sound Energy, Echo Energy, President Energy, Amerisur Resources, SDX Energy, Empyrean Energy,And finally…

Oil price With the US market shut for Independence Day the oil market was extremely quiet, nothing to report. Sound Energy It's never a dull moment at SOU as today they report excellent news from Sidi Moktar where the Koba-1 well has come in as a ‘producible gas accumulation' that can move rap ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogSound EnergyEcho Energy +4

Oil price, Victoria Oil & Gas, Hunting, RockRose Energy, Egdon/Europa/Union Jack, And finally…

Oil price Nearly 15% up from the June lows and the oil price continues its bull run although I suspect that with some closing pre the Independence Day holiday today and technical resistance for Brent at $50 we may have seen the short term highs. With the market shut today expect a quiet ride in ot ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogVictoria Oil & GasHunting +4

Oil price, Sound Energy, Jersey Oil and Gas, Faroe Petroleum, Premier Oil, And finally…

Oil price Last week saw a rise in the oil price, just over 3% but important nevertheless, although I have to say that it may have been a bit more technical than fundamental as period end window dressing probably accounted for a fair bit. What wasnt was unusually US inspired, as a combination of a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogSound EnergyJersey Oil & Gas +2

Oil price, Hurricane Energy, Sundry-Velocys-Andes Energia- And finally…

Oil price As the half year ends the oil price has had a bad period, around 15% off for both WTI and Brent and forward months are not expecting much movement. With the extra crude from the USA, Libya and Nigeria likely to continue (although Mr Hamm thinks that sub $50 is uncommercial) there will no ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogHurricane EnergyVelocys +1

Oil price, Wood Group, Sirius Petroleum, And finally…

Oil price Another up day yesterday and this time for choice the fundamentals were poor, the EIA stats showed a build of 118/- barrels against a forecast of a draw of 2.2m. Products were better particularly in gasoline which drew 900/- barrels when the API had a 1.4m build. This was partly due to t ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogWood GroupSirius Petroleum

Oil price, Victoria Oil & Gas, Providence, Tullow, President, Sundry-Petrofac-Echo-Ascent-Northern/Cabot-InfraStrata- And finally...

Oil price Another up day for crude, whatever next? Well actually a down day probably as the API stats which came out after the closing bell were rather disappointing showing a build of 851/- barrels when the scribblers had forecast a draw of 2.6m barrels. Gasoline built too, by 1.4m barrels so tod ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogVictoria Oil & GasProvidence Resources +8

Oil price, Victoria Oil & Gas, Trinity, Sundry-Thalassa-EnQuest/Cairn-Touchstone-UKOG- And finally…

Oil price Those strange bedfellows of the USA, Nigeria and Libya continue to combine and spook the market and their increased production is making investors wobble. The rig count showed another 11 units on last week and the CFTC data showed a huge cut of 55m barrels to 160m barrels by the ‘money m ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogVictoria Oil & GasTrinity Exploration & Production +5