Malcy's Blog - 15 April 2013
Oil PriceThe oil price was always going to react if the Chinese GDP number missed consensus this morning and the jitters started on Friday in New York when the data also missed forecasts. It was pretty...
View ArticleMalcy's Blog - 18 April 2013
Oil Price- Capitulation?All eyes and ears are now on the physical traders who tell me that yesterday was pretty grim, any short covering done late on Tuesday was forgotten when big sellers came into...
View ArticleMalcy's Blog - 24 April 2013
Oil PriceBack to jittery market this morning as that old Korea arbitrage story is getting another airing leading to selling across the board. We are right in the middle of the refinery maintenance and...
View ArticleMalcy's Blog - 26 April 2013
Oil PriceThe differential between Brent and WTI stays pretty narrow and at last nights close was $9.32, a recent low as some movement from Cushing to refiners on the coast feeds through. This will...
View ArticleMalcy's Blog - 3 May 2013
Oil PriceThe market turned on a sixpence and rose on the back of an unexpected fall in jobless claims in the US whilst in the Eurozone the ECB cut the refinancing rate by 25 bps. Another Thursday good...
View ArticleMalcy's Blog - 9 May 2013
Oil PriceSo, what can we say now about the oil price? The first thing is that the WTI/Brent differential hit a recent low again last night at $7.79 and whilst there are people out there suggesting it...
View ArticleMalcy's Blog - 14 May 2013
Oil PriceSome big picture stuff around the oil price today, the IEA half yearly report is out and concentrates on the rise in production in US shale oil . It suggests that as a result of this, demand...
View ArticleMalcy's Blog - 4 June 2013
Good morning Oil PriceThe oil price fell whilst I was away with Brent drifting below $100 at one stage after Opec left its production unchanged and the US inventory figures showed higher stockpiles....
View ArticleMalcy's Blog - 6 June 2013
Good morning Oil PriceIt was all about WTI yesterday as the EIA inventory data surprised the market even though a small tip-off had been given by the API stats the night before. Crude oil drew by 6.3m...
View ArticleMalcy's Blog - 11 June 2013
Good morning Hopefully an earlier blog today after yesterday’s meeting filled day, today half of us are on the road with a client roadshow, the others are at The Oil & Gas Council Africa Assembly...
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