Month: November 2011

BP-70 days, Exxon, Wood Group, Seadrill, Plexus, Cairn/Tullow, Chariot, Tangiers/Longreach, and Enteq Upstream

WTI $99.48 +1.27 ; Brent $111.49 +2.13 ; Natural Gas $3.63 +26c Good morning The oil price continues to exhibit strength in the short term as modest but significant supply wobbles create nervousness ahead of the US inventory figures tonight.

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BP-71 days, EnQuest, Ithaca, Longreach, Argos no drilling in store, Aurelian, and Ascent Resources

WTI $97.76 +99c ; Brent $109.27 +2.50 ; Natural Gas $3.36 -18c Good morning The oil price is actually behaving pretty well staying in the Goldilocks zone of being just about acceptable to all parties whilst occasional disruptions are coped

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BP-75 days, Chevron, Ascent Resources, Magnolia Petroleum, and Caza Oil & Gas

WTI $96.33 +16c ; Brent $107.42 +19c ; Natural Gas $3.48 +2c Good morning With the US markets closed yesterday there was unsurprisingly little direction for oil prices, this morning in the Far East the trend is upwards but with

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BP-76 days, CNPC/Petrofac, Weir Group, Shell, Heritage, Bowleven, and Trap Oil

WTI $96.17 -1.84 ; Brent $107.23 -1.30 ; Natural Gas $3.46 +4c Good morning The oil price fell yesterday and although it has rallied a bit this morning I don’t expect any meaningful follow through tonight as the US markets

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