Oil rallied yesterday and is higher again today, tariff wars are pushed to the side as the Russians and the Saudis present a united front on oil production. SPIEF meeting in St Petersburg bringing out all the big players. Anglo African 'pause' the CPR which is disappointing but say that oil is still flowing from the well, just how much though? Catching up with Pantheon and some of the companies that got licences in the OGA 31st offshore round.
A topsy turvey week for oil as US trade wars now with Mexico spook markets and inventory figures show products building. Savannah Petroleum have moved a stage closer to completing the seven Energy deal with the UERL buy-out being closed and good progress elsewhere. I catch up with the Jadestone Energy figures and they look to be progressing very well. UOG have a new CFO but with much experience and i talk to Doc Holiday about oil stocks.
VOX Markets podcast: Coro Energy, Predator Oil & Gas, Hurricane Energy, Reabold Resources, Upland Resources and Serica Energy
Malcy talks about the following stocks: Coro Energy (CORO), Predator Oil & Gas (PRD), Hurricane Energy (HUR), Reabold Resources (RBD), Upland Resources (UPL) and Serica Energy (SQZ)
Oil rallies hard on US waivers being withdrawn, Saudi production falling again and the rig count falling. Falcon extends the ORRI in Australia and Upland has good new from Tunisia.
Oil remains weak, proper action will be needed on Dec 6th. More good news from President with another good well and it looks like more to come, Hurricane's Aoka Mizu has paused in Spain for re-crewing, refueling and some minor repairs. With Wick and Colter now in sight Reabold, Upland and United Oil & Gas are ready for action. Providence Resources have pressed the button and partners have approved the budget for Dunquin South. Meanwhile over at Velocys its change the guard again and there is much to do.
A quiet start to the week with oil up around 40+ cents today after last weeks gains. I look at Frontera who have problems with Yorkville but operationally looking pretty good. Also Reabold and Upland are now shortly able to spud the Wick well and Soco adds a new RBL plus an accordion.
A small rally in the oil price yesterday and again today. SDX has further success at South Disouq, VOG are fighting back in Cameroon whilst Faroe are trying to repel Norwegian boarders. IOG has raised the money for the Harvey well from London Oil & Gas.
With the oil price all over the place I look at the Opec report, I also look at another excellent discovery from Savannah in Niger and write up my chat with Dr Steve Staley of Upland Resources. I also chatted to Andrew Austin Chairman of RockRose and met with Eytan Uliel of Bahamas Petroleum. Plus two links to this week's interviews.
WTI $68.76 -$1.37, Brent $74.25 -72c, Diff -$5.49 +2c, NG $2.78 -1c Oil price A bit same old, same old yesterday with one exception as chatter about talks between the ...
WTI $66.36 +26c, Brent $75.88 -58c, Diff -$9.52 -84c, NG $2.94 -1c Oil price Well, you can as they used to say, you pays your money and takes your choice ...