Tullow Oil Share Discussion Threads

[pounddreamer] 30/11/2016 15:29

Just to be greedy we could do with a higher EIA draw - 1 min to go

[pounddreamer] 30/11/2016 14:41

A deal has been done but I am reading conflicting numbers!!??

[foxy22] 30/11/2016 14:24

Bigger cuts than ever expected....bullish outcome hinted

[foxy22] 30/11/2016 13:44

Azalea any update on OPEC....looking very. Positive...tullow will fly

[suffersnofools] 30/11/2016 13:16

KevJones - You're not missing much - just the usual doom and gloom trolling :)

[kevjones2] 30/11/2016 13:01

I've said numerous times that when azalea posts the share price goes up. I can't see his posts because I filtered him for posting constant doom and gloom but I can see he's actually posted. Keep it up azalea. Tullow needs you. Lol.

[azalea] 30/11/2016 12:32

Rumour control is at full throttle in Vienna, with the Iranian Oil Minister quoted as saying that Putin may be softening his position on taking a cut in production. What that really means, is Iran will pay Russia to take a hit in production, which will allow Iran to make no cuts to its own production.

[sawadee3] 30/11/2016 12:05

Brent now knocking on the 8% door chaps :-)

Much more upside with the bargain priced Oilies :-)

Easy game :-)

Happy days chaps :-)

[sawadee3] 30/11/2016 11:52

Brent up 7.5% !!!!!!!!!!!!!!!

This is going legendary chaps :-)

[azalea] 30/11/2016 11:40

I have just read that the Iranian Oil Minister has been quoted as say he is optimistic, adding "there has been no request for Iran to cut output". If that is true, then Iraq will want the same deal. In which case other members will expect the the burden to fall on Saudi Arabia- second only to the USA in the list of Iran's worst enemies. Second worse option to a 'no deal' being reached in Vienna, will be a fudged deal.

[plastow] 30/11/2016 11:27

All good so far just need tlw to break the 3 quid mark and stay there...

[latics2] 30/11/2016 11:22

Iran the stumbling block .

[pounddreamer] 30/11/2016 11:22

Reports indicating 1.4m opec cut with 600k non opec.
2mill in total.
If true/agreed it will be great news - shorters will run for the hills........

[heliweli] 30/11/2016 11:21

Reading the Bloomberg report this am it seems that the only thing opec are agreeing, is to differ.

[azalea] 30/11/2016 11:16

For no apparent reason other than optimism, that OPEC will hammer out a deal today, most oilers are doing well this morning. Investors in the sector will have to keep their fingers crossed that the outcome of the meeting will be equally positive.

[phowdo] 30/11/2016 11:06

Looking good to smash that 290p resistance if an OPEC deal is reached.

[pounddreamer] 30/11/2016 10:39

POO flying now taking TLW with it.
Watching blog on OPEC progress - alls well so far............

[sawadee3] 30/11/2016 08:38

Looking very, very good chaps :-)

Brent flying :-)

[sue999] 29/11/2016 07:21

hxxp://www.siasat.com/news/vladimir-putin-hassan-rouhani-back-opec-bid-stabilise-oil-prices-1075479/
Vladimir Putin, Hassan Rouhani back OPEC bid to stabilise oil prices



In a telephone conversation, the two leaders said the cartel’s efforts were “an essential element” for returning stability to global oil prices, a Kremlin statement said Monday.

“The importance of steps taken by OPEC to limit the production of commodities was emphasised as an essential element for stabilising world oil markets,” it said. During their conversation, the two leaders also “agreed to continue to coordinate their efforts on the world energy markets, including the dialogue on energy between Russia and OPEC,” it added.

The phone call came ahead of a meeting tomorrow of OPEC ministers in Vienna for talks on reducing the cartel’s output by up to a million barrels per day. The aim is to reduce the mammoth global supply glut and push the market price of oil above USD 50 a barrel.



Negotiations between the cartel’s 14 member states have been under way for weeks to discuss cuts the production cuts each country would make to ensure the success of the deal.

Such cuts have been repeatedly called for by members such as Venezuela and Nigeria, but the efforts to reach a deal have been undermined by rivalries between Iran and Saudi Arabia and the precarious situation in conflict-hit producers like Iraq and Libya.

OPEC ministers last met in September for an informal meeting in Algiers aimed at curbing production by 32.5-33 million barrels per day and reaching agreement with other non-OPEC members like Russia, which favours moves to strengthen prices that have been depressed since 2014 due to a stubborn supply glut.

Russia, which has been hit hard by low prices and Western sanctions, has said it is ready to freeze output but not to cut it. And Iran, which has only been free to export oil since last year’s nuclear deal, has said it won’t cut production until it has reached pre-sanctions levels.

Should OPEC succeed in reaching a deal tomorrow, it would be the first time in eight years that the cartel agrees to reduce its production.

Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday, after Saudi Arabia appeared to suggest that Riyadh could live with the cartel failing to agree a cut, saying recovering demand would stabilise prices next year anyway.

[kevjones2] 27/11/2016 21:37

Oops...double post.

[kevjones2] 27/11/2016 21:36

Getting excited about the OPEC meeting.

[kevjones2] 27/11/2016 21:36

Getting excited about the OPEC meeting.

[azalea] 26/11/2016 10:26

All eyes on the 30/11 OPEC meeting on 30/11. With a range of individual national considerations to be taken into account, its going to be very tough for an agreement to be reached, on who takes what cuts in production. Even if OPEC members reach an agreement, there remains three questions-

1.Will the cuts be big enough to balance the supply and demand equation going forward?
2.How will non OPEC members react to any OPEC agreement?
3.How will Trump's promise to create more jobs for workers in the U.S. energy sector(especially for coal miners) affect, the global demand and supply for oil?

[tur43] 26/11/2016 09:00

Here's an interesting interview about what's next for the oil price - this analyst is basically predicting a $40 to $50 price for the foreseeable future