Oil will end up on the week, no surprise there then and we wait to see how Israel unfolds over the weekend. Today I assess the state of the oil market, take a look at the exciting M&A situation in US oil stocks and round up from Africa Oil Week. I also watched the Sound Energy video which shows considerable progress and have repeated the Angus interview with Richard Herbert from earlier in the week.
Oil stays obediently at $90 as the Opec+ meeting convenes. Scirocco has the put and the call with Tanzania situation improving and the EAG side also looking good, both could be the future. VOG is really beginning to do well with plenty of upside. Longboat has announced that the Ginny and Hermine prospects where dry and the battle for Far seems to have settled at about A60c. Finally good news vicariously for Eco Atlantic as CGX find oil in Guyana.
WTI $48.33 -$1.55, Brent $49.68 -93c, Diff -$1.35 +62c, NG $2.92 +6c Oil price One or two things contributed yesterday as June Opec production was reported by Reuters to have ...
WTI $48.62 +54c, Brent $48.61 +26c, Diff +$0.01 -28c, NG $1.98 -8c Oil prices The first up day for a while and that was before the API inventory number came ...
WTI $44.78 -$1.14, Brent $45.83 -$1.54, Diff $1.05 -$1.16, NG $2.04 -14c Oil price The oil price was up strongly last week, WTI rose $2.19 and Brent $3.02 before expiry, ...
WTI $29.88 -$1.74, Brent $32.72 -$1.52, Diff $2.84 -23c, NG $2.03 -13c Oil price When the market feels upbeat it envisages a meeting between Opec and non-Opec producers which results ...
WTI $33.22 +92c, Brent $33.89 +79c, Diff -67c +13c, NG $2.18 +2c Oil price Talk around the market place is all about the potential for talks between Opec and Russia ...
WTI $44.29 -91c, Brent $47.42 -56c, Diff $3.13 +35c, NG $2.37 +1c Oil price Last week oil prices fell again, WTI was down by $2.30 and Brent was off $2.14 ...
WTI $46.59 +53c, Brent $49.56 +76c, Diff $2.97 +23c, NG $2.32 +6c Oil price Oil prices ended the week and the month up, without blowing the doors off. WTI was ...
WTI $46.06 +12c, Brent $48.80 -25c, Diff $2.74 -37c, NG $2.26 -4c Oil price It looks like oil will have an up week unless something goes terribly wrong, yesterday was ...