WTI (Mar) $75.88 -53c, Brent (Apr) $82.17 -67c, Diff -$6.29 -14c. USNG (Mar) $2.45 u/c, UKNG (Mar) 145.0p -5.0p, TTF (Mar) €56.495 -€13.0. Oil price Oil fell yesterday after the ...
Oil fell sharply yesterday after poor inventory stats. Jadestone has updated the market saying it was a game of two halves, well lets hope from now on its like the first half all the way...Hurricane has won in the High Court with regard to the reduction of capital and can now give the company away to the shareholders, if it were that simples...Capricorn has done what it was told to and changed the Board but is it for the better? And are Echo turning the corner?
Oil is quiet ahead of the Opec meeting which has just started. PetroTal has a huge increase in year end reserves and Zephyr pay the first stage of the shares for the recent acquisition. Arrow issue a very upbeat update, they have10 wells and seismic on the way this spring and Savannah have a high quality NED.
Like yesterday it's all about meetings week and the nervousness that means. It should be N/C, +.25, +.5 and plus .5...And Diversified has put out a trading statement that it is perfectly in line with top expectations.
It's meetings week as the Fed, ECB, BoE and Opec all have policy shindigs. Today Chariot have acquired a renewable water production business which looks smart and GKP have a detailed update. Trinity also update the market after last week's announcement.
The oil price rose yesterday and again today on positive economic data from the USA. Today Coro update on renewables restructuring in the Philippines.
Oil even yesterday as inventory stats were better than the API. Today PetroTal publish ESG data, GKP receipts from the KRGand UOG update in detail. Finally Trinity have announced that they are going to drill the Jacobin well which would be a significant one.
Oil lost its gains on US data and inventory gains. IOG is planning changes at Southwark to isolate three of the zones and Gulfsands has opened its new Hub in Abu Dhabi. Predator has run into technicals in Morocco but it's not all over yet. Capricorn, you couldn't make it up could you? Getech has produced a good set of numbers and a good order book in its new areas and Serica gets a renewal from the US. Angus has a 14 day delay at Saltfleetby which shouldn't worry folk and COPL has production at Cole Creek. And Kosmos say the FPSO for Tortue has sailed away to Tortue.
Oil will likely be up on the week after mixed news from the US and China. Today San Leon announce further payments from the Oza field as Decklar report.
Oil is rallying as recession talks are brought down somewhat. Kistos have a trading update which although is hit by taxes in the UK and the Netherlands shows that trading is good and distributions possible. IOG are having some operational issues with the A2 well and Jadestone are nearly home with montara.