Fiona Cincotta

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Brent Above $65 Market Update

Brent above $65 Brent has continued to charge northwards this morning, adding to yesterday's impressive gains and pushing the black stuff over $65 the barrel for the first time since 2015. This is Brent's fourth straight positive session, which has seen Brent climb over $4.5 dollar since last Thursd ...

Fiona Cincotta


Posted 2 months agoOpinion > United Kingdom

Rising Oil Prices Lift BP's Fortunes

Fiona Cincotta, a senior market analyst at www.cityindex.co.uk The rising oil price has certainly lifted BP's fortunes, though the extent of this bumper profit increase is testament to the company's cost-cutting efforts.  Getting its break-even cost down to $49 a barrel is no mean feat and has hel ...

Fiona Cincotta


Posted 3 months agoOpinion > BP

Soco International Earnings

An improvement in oil prices has helped Soco International increase revenue and narrow its losses, even as production volumes continued to slide. There's no mention of an interim dividend here, indicating management is concentrating on conserving capital as it firms up new development opportunities ...

Fiona Cincotta


Posted 5 months agoPress

Cairn Energy swings to profit after Kraken begins producing oil

The ball appears to be rolling along quite nicely in Senegal. Cairn has upgraded the size of the estimated contingent proven and probable resource base at the SNE field there to approximately 563 million barrels of oil, up from a 473 million barrel estimate back in March. The more detailed product ...

Fiona Cincotta


Posted 6 months agoOpinion > 2017 Oil industry PredictionsCairn Energy

Oil rebounds after major producers announce meeting

Oil rebounds after major producers announce meeting Oil made a comeback as the OPEC extended an invitation to Libya and Nigeria to join other major oil producers for a meeting in late July. Both nations had previously been exempted from the recent agreement which capped oil production, and their i ...

Fiona Cincotta


Posted 7 months agoOpinion > Oil Price predictionsoil price
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