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[Opinion] Your Weekly Update: 15 - 19 Jan

2018-01-18 oilvoice
Market Watch Headline crude prices for the week beginning 15 January 2017 – Brent: US$69/b; WTI: US$63/b - After a strong week, oil prices reversed course as concerns that a correction is imminently due, after a major crude-buying spree by hedge funds last week. - There are also fears that the strength in oil prices could cause OPEC to revise its supply freeze plan far earlier than expected, but several OPEC oil ministers have urged the group to ‘stay the course. (7-0)

[Opinion] Oil Price, BP, Zenith, Faroe, Gulfsands, Empyrean, Ophir, Amerisur, Links And Finally…

2018-01-17 oilvoice
Oil Price A down day after the Martin Luther King holiday, probably a bit of a technical correction, $65 and $70 seemed a little rich for the money managers with over a bill tied up in oil…But comments by Russian Oil Minister Novak should have calmed their nerves, he said that the deal must continue as the oil market is still oversupplied or ‘not yet in balance' to use his words. (12-0)

Premier Oil (PMOIY) Achieves Production Target for 2017

2018-01-16 zacks
Upstream company Premier Oil plc (PMOIY - Free Report) recently provided an operational update. The company stated that its 2017 production came in line with the guidance of 75,000 barrels of oil equivalent per day (BOE/d). It increased 5% year over year from 71,400 BOE/d. (66-0)

[Press] Global Energy Group Praise UK Engineering Talent to Achieve First Oil for Premier's Catcher

2018-01-16 oilvoice
Global Energy Group (GEG), a Scotland-headquartered energy sector service provider, has played a key role, together with local businesses, in supporting Premier Oil reach first oil on the Catcher field in the North Sea.  This was safely achieved on 23 December 2017.

BP's Yields From Ravenspurn Well Operation Disappointing

2018-01-12 zacks
BP plc's (BP - Free Report) Ravenspurn well, located in the North Sea, has provided disappointing results, following which BP discontinued the exploration project. Although the company found little traces of gas, the project was declared unsuccessful. (18-0)

Falkland oil project eyes green light this year as prices rise

2018-01-11 worldoil
It’s eight years since Rockhopper Exploration Plc discovered the 220-MMbbl Sea Lion field off the Falkland Islands. A green light for the project -- which is operated by Premier Oil Plc -- would signal renewed confidence in the outlook for the oil industry after a three-year slump in investments due to low prices.

Premier Oil escapes the 'bear trap' as North Sea production surges

One of the North Sea’s most important new offshore projects is producing crude oil at better than expected rates, in a major boom for owner Premier Oil.

[Press] Premier Oil: Trading and Operations Update

2018-01-11 oilvoice
Premier today provides the following Trading and Operations Update ahead of its 2017 Full Year Results which will be announced on Thursday 8 March 2018.

Premier Oil to Ramp Up Output at North Sea Catcher Field

2018-01-11 rigzone
Premier Oil plc revealed Thursday that it is planning to ramp up production from the Catcher field in the North Sea to 60,000 barrels of oil per day (bopd) during the first half of 2018.

Tesco and M&S tumble on retail 'Super Thursday' as festive sales suffer

Marks & Spencer’s revenues fell in the months leading up to Christmas as consumers with “tighter budgets” shopped elsewhere.

UPDATE 1-UK Stocks-Factors to watch on Jan 11

2018-01-11 reuters
Jan 11 (Reuters) - Britain’s FTSE 100 futures were up 0.20 percent ahead of the cash market open.

[Opinion] Oil Price, SDX Energy, Tullow/Magma Global And Finally…

2018-01-10 oilvoice
Oil Price A modest up day yesterday, somewhat led by product prices in the US which is not surprising given the bad weather out there. As forecast, distillate stocks are running down as US power plants are using fuel oil where they can, with demand increased as a big nuclear plant on the east coast went down. Natural Gas prices have however stayed remarkably low, supplies of gas are reasonably solid although should the cold snap last I suspect they would rise. (2-0)

[Opinion] Your Weekly Update: 1 - 5 Jan

2018-01-08 oilvoice
Market Watch Headline crude prices for the week beginning 1 January 2017 – Brent: US$67/b; WTI: US$60/b - A combination of political unrest and strong demand pushed WTI past the US$60/b level for the first time since mid-2015. - Ongoing unrest in Iran, triggered by domestic grievances and anti-government sentiment that was responded to by an authoritarian crackdown, added to a bullish trend that began mid-December.

Week ahead in business and finance

Software giant Micro Focus kicks off a busier week on the corporate calendar as the troubled British high street comes into focus for investors.

Week ahead in business and finance

Software giant Micro Focus kicks off a busier week on the corporate calendar as the troubled British high street comes into focus for investors.

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