Oil will be quiet for July 4th celebrations and after the Opec meeting etc last week. Today IOG have an upbeat statement about production and Jadestone have restored production quicker than expected.
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.
Oil was up on the week for all the reasons we pointed to, even Opec+ saying the would produce more didn't slow it down. Today we have payments for Genel, Savannah has signed a GSA with TransAfam Power with Accugas and Longboat have a duster at Cambozola. Jadestone just put out 2021 results and Serica have an upbeat operational update while Prospex move on in Italy.
Oil is all over the place but solid enough. IOG update on production where Saturn Banks is half back on, Hurricane relinquish the GWA and Tullow offer a merger with Capricorn. Jadestone is going net zero and I try again on Gulfsands...
Oil is still cranking up with more action in the Ukraine, from yesterday we look at outage at Serica and IOG having to change their GSA partner. IGas has updated which looks promising and Jadestone deliver Montara.
Oil rose with crude and product draws ahead of today's inflation number. PetroTal continues to cruise past targets and today I raise targets again. Genel have followed DNO's guidance today as expected and Jadestone give good 2022 guidance.
Oil continues to rally, Brent today went over $90. I'm looking at Zephyr from yesterday and from today an update from Angus, Challenger reveal their result of placing and Jadestone also update. UOG have a trading update and guidance as well and Prospex update from the Selva field.
2022 Bucket List.
The prospects remain healthy for oil stocks going into 2022. Malcy looks back and discusses the prospects for the year.
Oil is slightly better and a number of companies have announcements today.