oil price


All posts for oil price

Oil price, Europa/Union Jack, And finally…

WTI $47.49 +$1.80, Brent $48.90 +$2.04, Diff-$1.41 +27c, NG $2.95 +11c Oil price It's all going according to plan as world oil chiefs slowly come into line ahead of next weeks meeting.  Yesterday it was primarily the work of Iran who accepted that they would have to participate in at least ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 months agoOpinion > Europa Oil & GasUnion Jack Oiloil price

Oil price, Sound Energy, Providence Resources, Faroe Petroleum, CEO Interview, And finally...

WTI $47.96 -7c, Brent $48.95 -17c, Diff -$0.99 -10c, NG $3.03 +4c Oil price A very Happy Thanksgiving to the many readers over the pond.... If I had written a blog yesterday the oil price piece might have said that the Opec technical committee had proposed that a 4-4.5% cut excluding Nigeria ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceSound EnergyProvidence Resources +2

Oil price, Ithaca, Sound, SDX, Lamprell, Sundry-Egdon- And finally...

WTI $47.55 -41c, Brent $48.56 -44c, Diff -$1.01 +2c, NG $3.04 +1c Oil price The prices above are as at 0900 hrs this morning, what with Thanksgiving yesterday trade was thin. It might be today as well as we all gear up for Opec next week which might be as important a meeting as two years ago. ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceIthaca EnergySound Energy +4

Oil price, Victoria Oil & Gas, Hurricane Energy, Falcon Oil & Gas, And finally...

Oil price It is now officially squeaky bum time with  the Opec meeting starting on Wednesday and many potential strategies still being discussed. The non-Opec meeting scheduled for today has been suspended as the Saudis have apparently decided to ensure that the Opec house is in order before any ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceUKVictoria Oil & Gas +3

Oil price, Hurricane Energy, Pantheon Resources, Sound Energy, And finally...

Oil price There is little doubt that less than 24 hours away from one of the most crucial Opec meetings in recent history few if any people know what the outcome might be, and i'm talking participants as well as spectators here. In Vienna even a chance chat over a coffee is ‘an official meeting' ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceHurricane EnergyPantheon Resources +4

Oil price, Faroe Petroleum, Jersey Oil & Gas, And finally...

WTI $45.23 -$1.85, Brent $46.38 -$1.86, Diff -$1.15 -1c, NG $3.32 n/c Oil price The day of the Opec meeting dawns and no one is quite sure of what the end of the day will bring. I guess that the market is slightly favouring a  deal of some sort without too much confidence, intransigence rules ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceFaroe PetroleumJersey Oil & Gas +1

Oil surges 10pc as OPEC agrees to cut production

The deal brokered at talks in Vienna was achieved after OPEC's largest producer Saudi Arabia gave ground and agreed that Iran — still recovering from trade sanctions — was a special case and would be exempted from the cuts. The deal will reduce output by 1.8MMbd from January 2017 and runs for 6 m ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECoil priceSaudi Arabia +1

OPEC. Lessons on the Oil Pudding

The price of Brent has gone up and we can expect an increase concerning other commodities. At sight if this agreement sticks and shale oil in the US is not increased we can really see smiles on oil producing countries including Russia. OPEC has shown in the past that it can unravel markets, bicke ...

Hilton Hannibal - Oil Political Diligence


Posted 1 month agoOpinion > OPECoil priceAbu Dhabi National Oil Company ADNOC

Oil price, Northern Petroleum, Frontera Resources, And finally...

WTI $49.44 +$4.21, Brent $50.47 +$4.09, Diff -$1.03 -12c, NG $3.35 +4c Oil price So, the organisation got it together roughly as expected but is this an early Christmas present or trouble by Easter? As with any Opec agreement, particularly those burnished with gilt, the proof of the pudding i ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceNorthern Petroleumfrontera resources +1

Oil prices continue rise as OPEC, Russia agree to cut production

Oil prices have continued their rise after oil producers cartel OPEC and Russia agreed to cut production at a meeting in Vienna yesterday. US stocks have rallied to record highs following the election of Donald Trump as the next US president on optimism about his plans for more infrastructure spe ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECoil priceRussia

Oil price, BP, I Solo Oil, And finally...

Oil price I always think that it is rather nice when the market appears to be thinking with one voice, particularly if G Sucks is on the other side. The feedback from the Opec meeting is overwhelming cynical with most so called experts writing the obituary of the whole organisation let alone thi ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceBPSolo Oil +2

PressTV-Iran to sell oil at $50 per barrel next year

Iran's President Hassan Rouhani, who presented the budget bill to the Parliament on Sunday, portrayed a positive picture of the country's oil revenues for the next year. Rouhani emphasized that the prospects will be specifically positive in light of the country's recent “victory” in OPEC to move ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > Iranoil price

Oil price, Range Resources, Aminex/Solo, And finally...

Oil price Whilst many commentators remain unconvinced, the oil price is tracking upwards and for the moment giving the deal the benefit of the doubt. A decent spin from the 1oth December non-Opec meeting should cement, at least for the time being the situation. Range Resources Range has annou ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceRange ResourcesAminex +4

Oil price, Shell, Plexus, EOG, Sundry-Faroe-Falcon-IOG- And finally...

Oil price Crude oil has drifted back in the last couple of days, production is obstinately high, reports yesterday that Opec output in November was up to 34.2m b/d and that Russia was up to 11.2m b/d. Add to that news of first Saudi Arabia and then Kuwait cutting prices to Asian customers and one ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceShellPlexus +4

Oil price, Trinity Exploration & Production, EPI/PDF, Podcast VOG/HUR, And finally...

Oil price It is back to Vienna who are this weekend hosting the Opec/Non-Opec meetings which the market will hope confirms their part of the recent bargain. Yesterday the market was in believing mood as Russia said it would cut, as did Azerbaijan, others may be a touch more recalcitrant. Either w ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceTrinity Exploration & ProductionEPI +3

Oil, Gas Exploration Spend to Fall to 12-Year Low as Prices Bite

Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according to Wood Mackenzie Ltd. Chevron Corp. said this week it would reduce spending on oil exploration and o ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > explorationoil price

Oil surges after output cuts, strong dollar weighs

HONG KONG Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting this week, at which a rate hike is widely expected. "We have s ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > oil priceOPECBrent Crude

What has gone wrong with oil prices, debt, and GDP growth?

Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments . If we want any kind of specialization, we need some sort of long-term ob ...

Gail Tverberg


Posted 1 month agoOpinion > Gail Tverbergoil price

Why oil will crash again in 2016

In 1950 the American mathematician and economist John Forbes Nash, Jr. earned his PhD with a dissertation that explained why markets can gravitate towards a sub-optimal equilibrium. What is now known as a Nash Equilibrium results when all economic actors know that a different strategy would be bet ...

Andreas de Vries


Posted 1 month agoOpinion > Market Analysisoil price

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

LONDON Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.Brent crude futures were up $2.38 at $56.72 per barrel by 1002 GMT, having hit ...

Adam Marmaras - OilVoice


Posted 1 month agoLink > OPECoil price