Oil is quiet and probably dependent on the EIA inventory stats this afternoon. IOG has committed to Scope 1 & 2 Net Zero status as of 2021 and President update regarding Argentina and Paraguay. Finally Trinity announce the death of Executive Chairman Bruce Dingwall.
Oil is staying put with Brent at $75+ and WTI at $74+ with the agencies all scheduled to report and likely to firm up demand numbers I suspect. Kistos has started its life very strongly and updates today and ever solid Serica shows good results from its Columbus development well. Zephyr has got under way with the State 16-2-LN-CC well and also some non-dilutive funding for additional data acquisition. President has an operational update as does Block and SDX announced a successful well in Egypt.
Oil continues to rise after the naysayers got it wrong so spectacularly this week and the EIA inventory stats showed a draw in crude and gasoline as demand grew. President continue to find further investments for Atome this time in Europe and Empyrean has raised money for Jade.
The Opec+ meeting is underway and with all in their favour the outlook is bound to be good one way or another. Scirocco are happy with the way things are looking in Tanzania and Chariot have appointed a new but well known to them drilling Manager. President has detailed the spin off of Atome and Block seem to be not worrying about a 44% vote against the Chairman at their AGM.
The oil market is drifting somewhat in thin news but with all three agencies due to report this week more data is expected. Zephyr has announced a serious move to carbon neutrality and President finally has a farm-in partner to drill in Paraguay.
Oil is better again today after OK API stats after the close and a rally at the death last night. Genel announces KRG payments, Challenger spud at Saffron-2, UJO/Egdon and Europa have permitting at Wressle. President update from Argentina and Paraguay and I interview David Minchin, CEO of Helium One Global.
Oil continues to rise quietly as the agencies remain confident about world demand albeit skewed strongly to the second half. Another positive operational update from PetroTal which is yet to be in the share price, President also have a positive update from Argentina. Finally Petrofac have announced a contract win with BP as well as a changeover in CFO, I wish Al Cochran well in the future.
Oil is still up, but gasoline in the US has rallied more after a ransomware cybersecurity attack on the Colonial pipeline which takes products from the Gulf to the Northeast of the US. Union Jack and Reabold have called in Gaffney Cline for a CPR at West Newton, and Hurricane has issued an operational update. President also update on ops and the oil and gas prices in Argentina whilst Petro Matad are a step closer to field approval. And would you believe that CNR would drill in Guildford station car park?
Oil has had a good couple of days as we end the month and mainly on the US economic data which showed GDP of 6.4% and another fall in jobless numbers. DGO has made a most interesting acquisition away from Appalachia down in Louisiana and Jadestone has also had the cheque book out in Malaysia. President has had another great well result and remains rightly confident whilst Hurricane has crash landed with the bond holders pushing the equity players out of the plane.
Oil is up again after the Opec+ meeting closed reaffirming existing production levels. The API stats showed a 4.32m build ahead of today's EIA numbers. Kistos announced the Tulip bond and a presentation to investors on Friday, in addition I interview Chairman Andrew Austin. And President further operational news and Chairman Peter Levine remains full of beans.