Oil price, Hurricane, Coro, Echo, Trinity, Advance Energy. And finally…
Oil is unchanged this morning but was up last week, WTI by $3.81 and Brent $3.82, some 6.4% and 6.1% respectively. This was because, as noted at the time all the economic data from the US and pretty much from China was overwhelmingly positive.
WTI $63.13 -33c, Brent $66.77 -17c, Diff -$3.64 +16c, NG $2.68 +2c, UKNG 52p +1p
Oil price
Oil is unchanged this morning but was up last week, WTI by $3.81 and Brent $3.82, some 6.4% and 6.1% respectively. This was because, as noted at the time all the economic data from the US and pretty much from China was overwhelmingly positive. In the US the vaccine programme is kicking in very strongly as it has in the UK and as and when other Governments around the world pull their fingers out and cut the dogma and get the jabs in the better it will be.
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Is The Caribbean Ready For An Oil Boom? By Felicity Bradstock - Feb 14, 2021, 12:00 PM CST
As Trinidad and Tobago continue to explore for major oil and gas fields in the Caribbean region, the Bahamas Petroleum Co. has made a non-commercial oil discovery.
While Trinidad and Tobago have focused on natural gas for the last two decades, the country’s oil industry has been developing steadily. In 2020, the country’s third-largest oil producer Trinity Exploration & Production increased production by 7 percent to 3,226 bpd. This figure is expected to reach around 4,000 bpd by 2023.
Trinity Exploration & Production’s executive chairman, Bruce Dingwall, explained of Trinidad’s oil industry, “[There is a] huge reserve base and not many players and I think you’ll see some structural change in Trinidad over the next few years”.