oil price


All posts for oil price

Seven Energy International streamlines their process controls with the help of TouchstoneEnergy

Manual Business Processes Slowing Business Expansion Less than half of all international Oil & Gas companies are using automated business processes. Why..? Because most Finance and IT leaders are unable to deliver automation due to a lack of investment in enterprise systems and a reluctance to ...

Marcus Kelly - TouchstoneEnergy


Posted 9 hours agoPress > TouchstoneexplorationProduction +7

Oil price, Rockhopper, Sound Energy, And finally…

Oil price A mixed day yesterday, it might have been worse as the EIA inventory stats were worse than forecast at a build of 4.95m barrels against expectations of +1.77m. Crude did stage a late comeback which saved the day to a certain extent. More on the OGA licences later when I have looked at th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 10 hours agoOpinion > Malcy's BlogRockhopper ExplorationSound Energy +1

An OPEC Deal Extension Isn't As Simple As It Sounds

It's been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal--initially aired as ‘an agreement to agree on a deal' in September and signed at the end of Nove ...

Oilprice Staff


Posted 21 hours agoOpinion > oil priceOPEC

Oil price, Tullow, IGas, Range Resources, Sundry-BP/Ineos- And finally…

Oil price All quiet on the oil price front although the IEA report was marginally positive suggesting that Opec were at 98% 0f quotas and although they cut their world oil demand growth for this year a touch. The main supporter of the Opec output fall is the KSA who are leading by example having r ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > oil priceMalcy's BlogIGas +3

Bridging the gap between ETRM (Energy Trading Risk Management) and back office accounting, tax, reporting and financial controls

Providing efficient and reliable back office accounting for the commodity trading industry. TouchstoneEnergy bridges the gap between ETRM (Energy Trading Risk Management) and back office accounting, tax, reporting and financial controls. By providing multi-dimensional analytics, multi-currency a ...

Marcus Kelly - TouchstoneEnergy


Posted 8 days agoPress > Commoditiescommodity tradingTouchstone +9

Oil Prices Plunge: Over-Reaction or Turning Point?

Oil prices plunged yesterday. Is this an over-reaction or a turning point? WTI futures fell $2.86 from $53.14 to $50.28 per barrel, and Brent futures dropped $3.81 from $55.92 to $52.11 per barrel. WTI is trading below $49 and Brent, below $52 per barrel at this writing. The apparent cause was a ...

Art Berman - The Petroleum Truth Report


Posted 13 days agoOpinion > Art Bermanoil price

Oil price, Cairn, Sound Energy, Providence, Sundry-EOG-Aminex-Northern Petroleum- And finally...

Oil price Still not much going on, the Saudi Oil Minister said that he sees the oil market ‘improving' but then he would, wouldn't he? The market is waiting on more Chinese data today and on the subject of data the API inventory stats showed a substantial build of 11.6m barrels which should that b ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > oil priceCairn EnergySound Energy +4

Is A Second OPEC Cut On The Cards?

OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 pe ...

Oilprice Staff


Posted 15 days agoOpinion > oil priceOPEC

Oil price, AMEC/FW, Cairn/Far, And finally…

Oil price Markets are quieter than normal, not sure why, cant see that lot at CERA week can you? The Iraqi Oil Minister said yesterday that if there was a 2H rollover of the Opec agreement, and there probably would be, then his country would participate. Elsewhere the IEA suggested that US shale p ...

Malcolm Graham-Wood - Malcy's Blog


Posted 16 days agoOpinion > Malcy's Blogoil priceAMEC +3

The Secret Wealth Of The World's Richest Oil Billionaires

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources. As such, you won't be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russia ...

Oilprice Staff


Posted 19 days agoOpinion > oil pricewealthbillionaire

Oil Majors' Costs Have Risen 66% Since 2011

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crud ...

Oilprice Staff


Posted 20 days agoOpinion > oil priceCosts

Webinar: Automating your supplier onboarding process

EnergyFlow allows organisations in the Energy Sector to streamline their operational processes by automating, executing, and monitoring business processes from beginning to end, with a simple, easy to use web interface.  Integrated analytics also increases visibility by delivering extensive reporti ...

Marcus Kelly - TouchstoneEnergy


    GB 23 Mar 2017


Posted 23 days agoEvent > Touchstonefree webinarwebinar +7

Heritage Oil looks to TouchstoneEnergy to provide a strong stable accounting and procurement platform

Heritage Oil looks to TouchstoneEnergy, specialist business software and consultancy providers in the energy sector to deliver an updated system that could provide a strong stable accounting and procurement platform for growth. With such an international footprint, Heritage Oil faces key challenges ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Heritage OilTouchstoneexpenditure +8

Don’t Hold Your Breath For $70 Oil

It is more likely that oil prices will fall below $50 per barrel than that they will continue to rise toward $70. Prices have increased beyond supply and demand fundamentals because of premature expectations about the effects of an OPEC production cut on oil inventories. Last week's 13.8 million b ...

Art Berman - The Petroleum Truth Report


Posted 1 month agoOpinion > Art BermanThe Petroleum Truth Reportoil price

TouchstoneEnergy improves strategic sourcing and cost effective procurement processes for Egyptian E&P Company

TouchstoneEnergy improves strategic sourcing and cost effective procurement processes for Egyptian E&P Company by automating their Authority for Expenditure (AFE) Process. The Operator aims to improve compliance and reduce overspend by as much as 100%; which could result in an annual saving of up ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneexplorationProduction +8