Oil collapse19 Mar 2021 09:04
Frustrating events yesterday.
We rode out the duster wave only to be met with a tsunami oil price collapse.
This sort of downward movement would normally only be triggered by middle east conflict, a Trump tweet or a covid type event so very confusing.
Polar opinions between renewable energy deciples and oil super cycle bulls causing uncertainty almost on a daily basis, add to that the spats between usa, russia, iran and china and it's drawing attention away from global recovery and actual oil demand.
Uncertain times ahead me feels but Tullow as turned a corner, we just need the oil gods to get a grip and it's happy days.
ONWARDS £ UPWARDS.