Saudi Oil Installations Ablaze Following Drone Attack Good timing for us as we sell another load.
Brent Crude Up 12% Rinsing out the shorters who were, until Saturday’s news, poised to run to their profit on doom and gloom news pervading the US economy and Europe. Now looks as though their little pessimistic souls are thwarted, bless them.
Saudi Oil Installations Ablaze Following Drone Attack Updating since Sunday, having watched Bloomberg and various news casts throughout the day. We’re not looking at ‘weeks’ but ‘months’ to get production restored. This will have a significant impact on oil prices. Looks like we’ve averted the angels of doom and interest rate cuts in the US - Brent was about to tumble for a bit due to global economy weakness and growth.
Brent Crude Up 12% Hello Floss, The price of Brent Crude is now up 14.61% at $69.02 a barrel. BBC News Oil - BBC News All the latest news about Oil from the BBC I wonder what tomorrow will bring? Today has been disappointing, Surely tomorrow will bring a bigger increase than today. Perhaps the share price will break out from it’s current range and close above 50p. Carliol
Brent Crude Up 12% carliol: we’ll just have to wait and see what the rest of the day and rest of the week brings. The Donald’s ally, the KSA, has just suffered a very serious blow from Iran (perhaps via her Houthie proxies). Most bullies ignore `public opinion’ when its suits them, but very few would turn down the opportunity to demonstrate their superior power when they can whitewash their actions with a little righteous indignaFlon.
Brent Crude Up 12% Lawson 75, Hi , hurricane watchers I think that the market, at the minute thinks that the world has enough oil in spite of the Saudi reduction in output! Hence the reluctance of our share price to rise. The Saudis probably wanted a production cut any way, so the Iranians and fellow travellers have just helped in that regard, and so the crude oil price will stabilise at a slightly higher value. Incidentally, I think the reasons the Iranians do not like the British stems from our interference in their country in the second world war, when we invaded it! Also we did not do ourselves any good at all when we refused to agree a decent split in oil returns concerning , the Anglo Iranian oil company which eventually they nationalised.
Dollar Income wizard47: Those are 2 benefits to Hurricane together with the Lincoln Crestal success should mean the SP rises. Yet it falls on a regular basis and has not broken 50p yet. Yes but the greater the imbalance between the real value of HUR shares and the SP, the more attractive we become to a predaFlor
Dollar Income OK got that,but the price of oil is up since the attack on Saudi. Sterling is still below 1.25 to the dollar. Those are 2 benefits to Hurricane together with the Lincoln Crestal success should mean the SP rises. Yet it falls on a regular basis and has not broken 50p yet. I am confident about this share and Dr T but it does not seem to follow the pattern for SP growth.
Brent Crude Up 12% Good Morning Floss, It’s a mad world!! Especially for anyone invested in Hurricane. Today’s fall defies all logic. I thought we would start the week positively with the share price going over 50p. The shuttle tanker is about to take another load of Lancaster crude to market and we are also getting the report on Friday. This should provide some info on how much cash we have in the bank and maybe news of another production well to be drilled on Lancaster. I suppose there will be lots of theories about why the share price has fallen today, such as, the price is being driven down by the M Ms to facilitate a cheap take over. However, we’ll just have to wait and see what the rest of the day and rest of the week brings. Carliol
Brent Crude Up 12% And yet…and yet…the SP drifts downwards!!! I even paid less at the petrol pump today!! Perhaps there will eventually be a delayed reacFlon
Brent Crude Up 12% “Saudi authorities have claimed to control the fires, but this falls far short of extinguishing them,” said Abhishek Kumar, head of analytics at Interfax Energy in London. “The damage to facilities at Abqaiq and Khurais appears to be extensive, and it may be weeks before oil supplies are normalised.” Saudi Arabia is expected to tap into reserves so that exports can continue as normal this week. However, Michael Tran, managing director of energy strategy at RBC Capital Markets in New York, said: "Even if the outage normalises quickly, the threat of sidelining nearly 6% of global oil production is no longer a hypothetical, a black swan or a fat tail. WelFlome back, risk premium."
Post foil Completing a well and subsequently tying it back are different operations and require different vessel capabilities.
Brent Crude Up 12% Hi All, More news on the increase in price of Brent Crude that opened up 19% BBC News Oil prices soar after attacks on Saudi facilities Brent crude surged 19% as nervous traders speculated about the impact on global supplies. Oil prices hit their highest in four months after two attacks on Saudi Arabian facilities on Saturday knocked out more than 5% of global supply. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchmark, West Texas Intermediate, rose 15% to $63.34. Carliol
Brent Crude Up 10% Hi All, Following the attack on Saudi oil installations the price of Brent Crude is up 12%. [link] Brent crude on Sunday traded at $70.98 per barrel on oil futures markets, an 18 percent surge from Friday’s close of $60.15, before falling back to about a 12 percent increase. U.S. benchmark West Texas intermediate crude opened at $61.27 per barrel, a 12 percent climb, before easing to a 10 percent gain. Carliol
Navion Oceania En Route To Lancaster Good spot.