Oil price, BP, Zenith, Faroe, Gulfsands, Empyrean, Ophir, Amerisur, Links And finally...
I bet none of them will say that although US production is up again it’s all ok as the sherberts have already sold forward quite a lot at the wrong price…. No, the worst news yesterday was when SocGen, Morgan Stanley, BAML and the Vampire Squids all increased their 2018 oil price guesses, after that for them it was up to bed with no tea… BP. Yesterday I took the chance to use my Core London interview slot to have a chat with Amerisur Chairman Giles Clarke, it was a most interesting discussion and the link is below:. Yesterday Ophir had a trading update and stated that the company ‘has reached financial stability’ which is a fair bit more upbeat than I have seen from them lately.