Oil is falling after a gathering feeling that inflationary pressures will force the Fed to raise rates next month. Today Savannah have sold a 10% stake in the COTCO Cameroon pipeline for $45m and Deltic announce results. Finally Trinity state that all is back to normal at Trintes.
A huge find by Deltec and Jadestone pave the way for Montara return.
A small rally and no real change after the EIA report or the API stats. Gulfsands remind us about Syria, Longboat has received some awards, and Orcadia has disposed of Crinan and Dandy after a good resources report at Pilot. Hurricane update, Deltic say Shell are testing at Pensacola and EOG have an update.
Oil is falling as traders level off their books ahead of the long Thanksgiving Holiday. Jadestone sign off the remaining 10% interest in the Lemang production sharing contract onshore Indonesia and Deltic spud Pensacola. Europa have released themselves from offshore Morocco having found no partners and Prospex are going great guns in Italy.
Oil rose, mainly on the weaker greenback. Union Jack publish an exciting CPR on Wressle and Deltic raise £15m via placing and an Open Offer on top ahead of the Pensacola spud in the autumn and Jadestone are shutting-in Montara while it is being repaired.
Oil fell back with the differential widening again. Today Diversified make a decommissioning acquisition and UOG update as do Coro. From yesterday I catch up with VOG, Block and Deltic.
Oil is down again as Beijing looks to be joining the Covid lockdowns and Russia is still selling enough oil to fight...Today Union Jack again updates on Wressle revenues with $5m taken since August. And finals from Deltic but a delay on Pensacola until 'late Q3'.
Oil was down last week but has rallied today, the Iran talks may have stuttered somewhat. Predator have given a good operating round up and there is much excitement to come and Deltic say that Shell has started work on Pensacola ahead of drilling a well in a year's time.
Oil has now gained nearly $3.50 on the week, the election result has taken risk off and whatever result occurs it looks like extreme policies are off limits. Helium One have solved their unquoted problem and will merge with tiny Attis and raise £5m, Scirocco comment on the process. And Deltic say that Shell remain committed to Pensacola and despite an extension still plan to drill 4Q 2021.
WTI $40.83 -5c, Brent $42.62 -31c, Diff -$1.79 -26c, NG $2.80 +2c Oil price A very modest fall yesterday, today it's a small rise but no massive direction from the ...