A big rise last week, mainly on Opec+ calls and other supply worries. Today Zephyr complete the deal in Utah which looks a very smart one indeed and i3 and Europa have a duster at the Serenity well. Finally Cornerstone has farmed-out Abbey and got a carry for that and an exploration well at at Baker.
Oil came back on the US plans to suspend taxes on gasoline, Zephyr have results, good as expected and Sound has appointed Attijariwafa bank of Morocco which is good news and brings Tendrara closer. And Cornerstone Natural Resources is moving towards a quote I suspect.
After oil took a caning last week on Fed and sundry lousy interest rate news it is important to notice that Opec+ is still missing by a distance its own quotas. The price fell sharply on Friday as the Fed said that it would be 'more aggressive' in getting inflation back to 2%. Union Jack has more good news from Wressle, Chariot has announced the Anchois FEED contract and IOG have a lengthy update on its portfolio. Rockhopper have given details of their Open Offer, Jadestone have suffered an unfortunate oil leak and Cornerstone Resources update.