Oil rose a touch on Friday but was still down on the week, the Fed meeting that starts today will increase rates but by how much? Today San Leon indicate more production from Decklar and Jadestone have Interims but until Montara is back the jury will be out. Predator say how well Mag Mell is being received and also have a detailed interim statement. Trinity production fell in H1 but with more drilling 2H should be better and Providence Resources are to become Barryroe Offshore Energy, well I never.
Oil fell on China Covid worries, good figures from Wentworth and a small delay for San Leon on technical grounds. Scirocco are one step nearer the new go and Reabold say that the Corallian deal will go ahead.
A bad week for oil but who has forgotten just how tight the fundamentals are...? Results from DEC were predictably very good as usual and San Leon progresses in Nigeria with shareholder approval. Further excellent news from Touchstone, twice in a week is incredibly good news for them and UJO and Egdon try again for planning in Lincolnshire.
Oil rallied, a weak dollar ahead of the Fed meeting helped. Gas is looking even tighter as Russia is cutting Nordstream 1 gas to 20% of capacity. Genel announce payments from the KRG, San Leon note that Decklar is looking to open up production, and Union Jack appoints new additional firepower. Rockhopper sees good news on Sea Lion, Advance raises money today.
Oil bounced back from being down 2 to finish strongly again yesterday. Chariot announce a new CPR at Lixus with a significant increase in resources. Pharos beat the whisper and are in a strong place in Egypt and Vietnam while San Leon complete the attractive loan and share stake in ELI. Finally Serica also beat the whisper with a very positive update.
Oil rallied on Friday and at the end of the week but the damage done on Tuesday was enough to see WTI down $3.64 on the week and Brent off $4.61. Today sees the return of San Leon after a long suspension whilst Kistos complete the GLA deal. Touchstone beef up their board and Serica have spudded the North Eigg well.
Oil rallied on shortages in markets and inventory stocks showing further draws i product markets. San Leon report this morning with details of the long awaited deal in Nigeria.
A mixed day for oil, end of month and quarter, Opec meeting and rollover of August Brent. A delay for San Leon, not unusually, I look at Hunting from yesterday, Serica who are in sweet form and have announced an interim divvi, and Lamprell, what a mess...
Oil fell again after Jerome Powell of the Fed admitted that they may have misjudged inflation leading to a possible recession in the US. What a surprise and those clowns at the ECB and the Bank of England are no better. I have discovered that CEG may be sitting on a windfall by way of its crafty pick up of acreage in Uruguay, Shell and Apache have turned up as new neighbours...Gulf Keystone update shows just how much cash it's throwing off and San Leon are persevering with the Nigerian paperwork which should be highly rewarding. Southern Energy have raised $31m, more than expected and Lamprell find themselves in another fine mess.
Oil fell as the EU deliberations on Russian sanctions took longer and longer. Also Covid in China showed signs of hitting Q1 oil demand. Genel has announced that the Sarta-5 step-out well didn't find find commercial oil but Sarta-6 goes ahead. San Leon announced exciting developments from Decklar in Nigeria and Lamprell say that they have three jack-up refurbs in the pipeline.