Oil drifted yesterday after bullish inventory stats in crude and gasoline but a small build in distillates. PetroTal update and a very positive capital repayment programme is announced. Petrofac announce 13bn euros worth of wind farm contracts and Trinity and IGas update,
Oil fell as the Fed minutes were published which showed more hawks than expected which in itself means rate rises 'as appropriate'. So maybe 25 point rises plus maybe the odd 50 pointer...IGas update the market and production figures have picked up, no new CEO yet though. Jadestone confirm the deal recently announced.
Oil dipped on sundry worries and no Turkish interruptions but it could have been worse it was two bucks off during the day. Up sharply today on news of Russian cutbacks in March.
Oil fell sharply after worries that despite opening up, China would not grow for a while... Union Jack have further revenue from Wressle and UOG has had a duster at ASW-1X. IGas has appointed a new independent NED but so far no CEO and PTAL remind us that their management will be in London on the 19th of January.
Oil rallies again ahead of the Fed rate decision and the dollar weakens. Today Savannah has said that its SPA with Petronas in Chad/Cameroon has hit the buffers and Afentra have a slight delay in Angola. Meanwhile IGas has had a bad time, the fraccing decision has cost it a deal and they are still allegedly looking for a new CEO, the shares are down 86% since the last one was dispensed with...
Oil rose after better than expected US GDP figures. Union Jack start the buy-back, Angus update on operations, UOG show good results from ASH-4 and IGas complain about the Government.
Oil gained but gave back most of the gains at the end of the day. Union Jack and Reabold both flag the West Newton CPR due next week and Rockhopper completes the Navitas farm-in. Longboat look like they might have a discovery at Oswig but need a side-track and DST to confirm preliminary numbers that are better than pre-drill estimates. Finally, IGas and Egdon have both written thank you letters to that nice Mr Rees-Mogg for his relaxation of shale regulations.
Oil fell sharply yesterday as mixed US data led commentators to suggest as much as 125 basis points on the rate ahead of the Fed meeting next week. Today Coro and Empyrean both announce interims. IGas shares continue to fall, the gang of three who fired Steve Bowler have a great deal to answer for...
Oil rallied further on disputes and a mixed inventory report. IGas chose interim day to sack CEO Steve Bowler and Sound yesterday announced further legal grief in Morocco. With UOG spudding in Egypt and Reabold getting another market knee in the groin Longboat has added to the mainly miserable day.
Oil bounced after signs that the Iran deal isnt iminent and Europa borrowed £1m from UJO, Coro have good news from Duyung and I take a fresh look at Sound Energy after yesterday's numbers. Both IGas and Reabold laud the Government's moves on fraccing etc and Getech make a big hire.