Oil price, BP, Arrow, i3, Trinity, Deltic. And finally…

Oil is unchanged today after yesterdays rise on supply problems. Today Arrow issued a bullish operational update involving a multi well fully funded drilling programme. i3 Energy issued an RESG report and Trinity announced tax changes in Trinidad. And yesterday Deltic announced that they had chosen to offset all emissions through Carbon Neutral Britain's Climate Fund.

Oil price, Arrow, Trinity. And finally…

Oil is up a couple of dollars today and with WTI expiring tonight and Opec meeting on Sunday there is much to look out for and in Thanksgiving week as well. The dollar remains weak and the holiday on Thursday will create some window dressing. Today I take a quick look at Arrow who are beneficiaries of a Royalty Tax ruling in Colombia and see how they are affected. Finally a disappointment for Trinity who have had problems at the Jacobin well.

2023-11-20T18:03:32+00:0020 November 2023|Categories: Daily Blog|Tags: , |0 Comments

Oil price, DEC, Arrow, Touchstone. And finally…

Oil is easier again today as speculators took money off the table after the combination of poor inventory stats and economic malaise in China. Today DEC announced that they would be getting a listing in the US but not with a raise to go with it. Arrow has had another very decent discovery at RCE-6 and the drill bit spins again at the 7 well and at Oso Pardo. Finally I comment on Touchstone after the results and the presentation yesterday, all is looking extremely positive for TXP.