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Brent haveing a good fight this morrning will it get to $51 . Good news comeing out brexit EU USA Moderna all looking good

Brent is haveing a good fight this morning will it get to $51. Brixit EU USA Moderna all good news comeing out .

How do enq figures match up with brent at ave $50 anyone ? A lot better than when we were in the $45 range but is $50 enough to get use through this bad year. Thanks

Just brought some at 12.1p and Saudi come out with a statement. Drop the price of brent whats wrong with these guys

Should see 12p today
Should be at 15p with brent on the rise

Why the big jump in oil. What's happend? Not complaining need 16p to break even .

Pmo and tlw both in the red nearly all day by2% now it looks like thet might over take us % wise up. Come on enq lead the way for once.

BTFATH1
Tought we would be at 13p with iol at $49 oil at $50 i was hopeing for 14-15p .Once USA next week start there roll out covid drug oil should break the $50 well heres to hope

Well if they do not sort it they will be pumping more for less$ .

seem to be the only oillie not having a good day.
You can say thet again. Brent at $45 and we can not go green for long defies logic. Live and learn as they say lol

Enquest drives me up the wall and the rest of us. With oil were it is thought a 1p or 2p jump in shareprice was on the cards today. Well at least Enq. Are makeing money with bent near $45

Worth a read
www.rigzone.com/news/wire/the_big_oil_turnaround-22-jun-2020-162491-article/?all=HG2

Brent crude looks set to advance on the $40.00 a barrel region. That is the bottom of the five-dollar gap on the charts between $40.00 and $45.00 a barrel. And also, home to the 100-DMA, residing at $40.70 a barrel. A close above the latter implies that there is a strong chance of the gap higher being closed entirely.

WTI’s 100-DMA is just above current levels at $35.80 a barrel. A daily close above there suggests further gains are possible, with an initial target of $40.00 a barrel.

With PMI data suggesting a manufacturing recovery, and lockdowns ending across the world, oil consumption seems set to increase in the near-term, maintaining the upward momentum in prices. The potential dark cloud is the next OPEC+ meeting, set to be brought forward to June 4th this week. If group production discipline is maintained, then oil should negotiate this without incident. However, if disagreements break out between Saudi Arabia and Russia over production targets, the oil rally could grind to a halt

Brent crude looks set to advance on the $40.00 a barrel region. That is the bottom of the five-dollar gap on the charts between $40.00 and $45.00 a barrel. And also, home to the 100-DMA, residing at $40.70 a barrel. A close above the latter implies that there is a strong chance of the gap higher being closed entirely.

WTI’s 100-DMA is just above current levels at $35.80 a barrel. A daily close above there suggests further gains are possible, with an initial target of $40.00 a barrel.

With PMI data suggesting a manufacturing recovery, and lockdowns ending across the world, oil consumption seems set to increase in the near-term, maintaining the upward momentum in prices. The potential dark cloud is the next OPEC+ meeting, set to be brought forward to June 4th this week. If group production discipline is maintained, then oil should negotiate this without incident. However, if disagreements break out between Saudi Arabia and Russia over production targets, the oil rally could grind to a halt

Do you have a link to the artical.thanks

Thanks all 4 reply

Am i right that we are pretty well heged for this year . Even down to $33 brent.
How much % wise did we hege ?

Novak has just asked for opinions, whether to extend (the deal) or not. The opinions were divided almost equally,” the source said.
He added that it was decided to analyse the market, wait for demand to improve when the planes, grounded due to the coronavirus-combat measures, start to fly again.
Kommersant daily, citing three sources in oil industry, said Russia may keep the current level of cuts until September.
The energy ministry did not respond to a request for comment.
The Organization of the Petroleum Exporting Countries and other leading oil producers including Russia, a group known as OPEC+, agreed last month to cut their combined output by almost 10 million barrels per day in May-June to shore up prices and demand, which has been hit by the coronavirus pandemic.
The Kremlin said on Tuesday that the OPEC+ deal participants will look at how the situation on global oil markets develops before taking any policy decisions if additional efforts were needed to support the energy market and address overproduction.
Kremlin spokesman Dmitry Peskov also said the deal on global oil production cuts agreed last month had definitely proved effective and helped ward off negative scenarios on oil markets.
Sources said earlier this month that OPEC+ wanted to maintain existing oil cuts beyond June, when the group is next due to meet and after which the output reductions are currently set to be eased to 8 million bpd until December.
Novak said on Monday that he expected global oil demand and supply to balance in the next two months.
Brent crude prices, which are currently around $36 a barrel, had fallen as much 65.6% in the first quarter as global oil demand plummeted by about 30% as the crisis curtailed travel and economic activity.
Source: Reuters (Reporting by Olesya Astakhova, Vladimir Soldatkin, Maria Kiselyova and Tom Balmforth in MOSCOW; Dmitry Zhdannikov in LONDON; Editing by Mark Potter and Marguerita Choy)
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Russian Energy Minister Alexander Novak met with domestic major oil companies to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told Reuters.
The meeting is a further sign that Moscow is committed to supporting any future joint steps to stabilise oil markets for as long as may be required, after slashing its production to close to its quota under the global deal.
A source, familiar with the meetings detail, said no decision was made.

https://www.bloomberg.com/opinion/articles/2020-05-17/u-s-oil-companies-line-up-with-russia-saudi-arabia?srnd=premium-europe