Tag: Xcite Energy

WTI $49.72 +54c, Brent $50.47 +49c, Diff -$0.75 -5c, NG $2.76 +3c Oil price The Opec ‘machine’ went back into action yesterday in a number of ways. Firstly, ‘sources’ revealed that the reduction in peak output would be 4%, to …

Oil price, Amerisur, Hurricane, Tullow, IGas, Catch up/Sundry-Statoil-Hunting- Amec FW-IOG-Xcite-And finally… Read More »

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WTI $49.96 -56c, Brent $50.79 -67c, Diff -$0.83 -11c, NG $2.77 -6c Oil price Oil remains under some pressure as the faults start to develop in the Opec agreement scheduled for November 30th. After Iran, Iraq now wants exemption from …

Oil price, Jersey Oil & Gas, Pantheon/Xcite carry over, Sundry-Genel-GKP-Egdon-US results- Read More »

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WTI $45.88 -$1.74, Brent $48.01 -$1.98, Diff -$2.13 -24c, NG $2.80 -1c Oil price The oil price was up last week but it was a ¬†bumpy time, the inventory figures, however transient they may be, were cause for celebration but …

Oil price, Xcite Energy, New Age, Sirius Petroleum, And finally… Read More »

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WTI $48.99 +66c, Brent $50.35 +64c, Diff $1.36 +1c, NG $2.99 +6c Oil price The new Brent contract has settled in nicely, Friday saw a number of conflicting messages which saw the price moving to and fro. On the upside …

Oil price, Gulf Keystone, Sundry-Aminex-Onshore changes-Xcite Energy- And finally… Read More »

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WTI $48.33 -$1.55, Brent $49.68 -93c, Diff -$1.35 +62c, NG $2.92 +6c Oil price One or two things contributed yesterday as June Opec production was reported by Reuters to have risen slightly and against that the continuing concern about the …

Oil price, EnQuest, Sundry the debt issue-San Leon-Premier-Xcite-GKP- Exxon strike-And finally… Read More »

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WTI $48.01 -48c, Brent $48.97 -86c, Diff -$0.96 -38c, NG $2.60 -1c Oil price With the Fed staying put on rates and reducing US growth rates again there was unlikely to be any positive impetus to knock on to the …

Oil price, Faroe, Hurricane, SDX Energy, Chariot, Xcite, And finally… Read More »

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WTI $49.10 -23c, Brent $49.89 -47c, Diff -$0.79 +80c, NG $2.29 +12c Oil price There are no medals for taking big positions in the market just before an Opec meeting and yesterday proved that. July Brent expired and the August …

Oil price, Lamprell, Sundry-Genel-Pantheon-Xcite- And finally… Read More »

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WTI $48.08 -33c, Brent $48.35 -37c, Diff $0.27 -4c, NG $2.06 -1c Oil price Another quiet day in the market, the greenback remains firm exerting downward pressure on crude and I suspect that the inventory stats may provide most of …

Oil price, Sound Energy, Sundry-Faroe-Xcite- And finally… Read More »

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WTI $39.44 -76c, Brent $41.20 -34c, Diff $1.76 +42c, NG $1.91 -3c Oil price The oil price ended up on the week, just. The bulls are hanging on for the Doha meeting at which January production levels will be frozen …

Oil price, Xcite Energy, Bahamas Petroleum, Sundry-Cape-Argos-Tony Hayward-Ayman Asfari- And finally… Read More »

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WTI $30.66 +$1.62, Brent $34.50 +$2.32, Diff $3.84 +70c, NG $1.94 +4c Oil price Further gains in the oil market yesterday as bulls pounced on any potentially good news around. It could easily be found after the meeting between Iran, …

Oil price, Amerisur, Providence Resources, Sundry- Victoria Oil & Gas-Tullow-Xcite-Petroceltic- And finally… Read More »

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