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Oil price, Trinity, Sundry-VOG-FOG-EOG-NOP-Gulfsands- And finally…

Oil price A very mixed market at the moment as shown by movements yesterday. Do they ever learn is the watchword as yet again the teenage scribblers on the Strasse completely missed the point. I read one report that suggested that it was difficult to understand why there was a build in product sto ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 hours agoOpinion > Malcy's BlogTrinity Exploration & ProductionVictoria Oil & Gas +4

Oil price, Rockhopper, IGas, Sundry-Sound interview-Falcon Oil & Gas-Ascent Resources- And finally…

Oil price Yesterday's first up day in six might prove to be a rarity as crude has opened  this morning a bit weak after a confusing set of API stats. A build of 897/- b's in crude wasn't expected, a draw of 1.7m was forecast but at Cushing the 2m draw was better for the constitution. Gasoline stoc ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > Malcy's BlogRockhopper ExplorationIGas +3

Oil price, Sound Energy, SDX Energy, Savannah Petroleum. And finally...

Oil price The oil price started ok but drifted during the day, as I said yesterday it's a month to the Opec/Non-Opec meeting and the market only has a limited amount of patience, a bit like a goldfish…Inventory stats will be key, as ever at this time of the year. Sound Energy Sound has announc ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > Malcy's BlogSound EnergySDX Energy +1

Oil price, Aminex, Sundry-Genel-Lamprell- And finally…

Oil price The oil price is up this morning, the first day since Easter and both WTI and Brent have since lost about four bucks a barrel for supply reasons. The supply in question has been from the US where I and others reported last week that the EIA had pushed up supply numbers although crude inv ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 days agoOpinion > Malcy's BlogAminexGenel Energy +1

Oil price, Amerisur, Ithaca Energy. And finally…

Oil price The news was fairly good yesterday but despite that, crude oil trade was lacklustre. Both the Saudis and the Kuwaitis suggested that production cuts should be ‘prolonged' but Kuwait added that they could be reduced if 2H demand rises as expected. Finally it was reported that Iraqi output ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > Malcy's BlogAmerisur ResourcesIthaca Energy

Oil price, Amerisur, Jersey Oil & Gas, Thalassa, Echo Energy. And finally…

Oil price A bit of a tumble for crude yesterday which was mainly down to the EIA inventory stats. Whilst crude drew 1m barrels which was close enough to the whisper, it was the gasoline numbers which showed a build of 1.5m barrels that put the cat amongst the pigeons, a draw of 1.9m b's was foreca ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > Malcy's BlogAmerisur ResourcesJersey Oil & Gas +2

Oil price, President Energy, And finally...

Oil price A lacklustre day yesterday with little trade and few signs of position taking. The US shale production story from Monday was bearing down on the price whilst the Saudis are rumoured to be cutting more than they have to. The API stats showed a draw but not as big as hoped so the EIA numbe ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 days agoOpinion > Malcy's BlogPresident Energy

Oil price, SDX Energy, Sound Energy, Independent Resources, And finally…

Oil price As predicted, the oil market was very quiet on thursday with few positions being taken ahead of the weekend especially with events in North Korea warming up. New oil rigs were up 11 units which was in line and the IEA are becoming more positive about the world supply and demand position. ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > Malcy's BlogSDX EnergySound Energy +1

Oil price, Victoria Oil & Gas, Range Resources, Ascent Resources, And finally...

Oil price Definitely a pre-holiday sort of day in crude markets yesterday, marked down from the start as traders were unwilling to carry too many long positions over the weekend, even the better than expected inventory stats couldnt revive the patient. An increase in US production started it all b ...

Malcolm Graham-Wood - Malcy's Blog


Posted 13 days agoOpinion > Malcy's BlogVictoria Oil & GasRange Resources +1

Oil price, Providence Resources, Hunting, Thalassa, Enteq Upstream, And finally…

Oil price Well, it doesnt get much better than this at the moment and unless the EIA stats rain on oil's current parade tonight then all should remain in an upward trajectory. Yesterday saw both the Russians and the Saudis giving genuinely positive information out. The Russian Oil Minister called ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > Malcy's BlogProvidence ResourcesHunting +2

Oil price, Rockhopper, Savannah Petroleum, And finally…

Oil price As I commented some days ago the oil price is a one way street at the moment and so far no amount of inventory worries can overturn that feeling. Yesterday saw Libya shutting in its Shahara field after a terrorist attack on the pipeline but anyone who cites Libya producing more anytime s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > Malcy's BlogRockhopper ExplorationSavannah Petroleum

Oil price, Amerisur, Hurricane, Cape, Wentworth. And finally…

Oil price I should go away more often, last week the oil price rallied further, WTI being up $1.64 and Brent +$1.71. The reasons are two-fold, obviously the US involvement in Syria stepped up the geo-political temperature but the fundamentals were also positive. High adhesion to the quotas and an ...

Malcolm Graham-Wood - Malcy's Blog


Posted 17 days agoOpinion > Malcy's BlogAmerisur ResourcesHurricane Energy +2

Oil price, Cairn/FAR, Amerisur Resources, President Energy, Range Resources, Sundry – And finally…

Oil price I am just back from a trip to West Africa, Cameroon to be exact where I was fortunate to see the Victoria Oil & Gas operation in action and to visit Bomono and the Bowleven wells now mostly, part of VOG. Much more on that in due course but it is safe to say that I was most impressed w ...

Malcolm Graham-Wood - Malcy's Blog


Posted 19 days agoOpinion > Malcy's BlogCairn EnergyFAR +3

Oil price, Amerisur, FAR Limited, Pantheon Resources, And finally…

Oil price Another good day yesterday and mainly down to Kuwait who's Minister said that discussions were already going on about rolling over the November agreement. Combine that with comments from Russia and Iran and shortages especially from Libya and the market looks much better. Let's see what ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > Malcy's BlogAmerisur ResourcesFAR +1

Oil price, Plexus, Bowleven, Genel, And finally…

Oil price The Russian Energy Minister has this morning in an interview on CNBC said that they are fully behind the Opec initiative to cut production. He said that Russia ‘is reducing production in stages' and that by the end of April would have reached their target of 300/- b/d and that the cut is ...

Malcolm Graham-Wood - Malcy's Blog


Posted 28 days agoOpinion > Malcy's BlogPlexusBowLeven +1