Tullow Oil Share Discussion Threads

[geckotheglorious] 29/5/2020 15:02

Well the Chinese should know seeing as the virus is from their Wuhan Lab.

[umitw] 29/5/2020 15:00

https://news.sky.com/story/coronavirus-99-chance-that-covid-19-vaccine-will-work-says-chinese-firm-11996787

[umitw] 29/5/2020 14:56

News break: China found vaccine , they are sure 99% it will work!Well, I believe it when it's tested on humans.!

[thewealthofsocrates] 29/5/2020 14:48

They tried to censor this.
They failed.
tinyurl/plandemic-brandnewtube

[waldron] 29/5/2020 14:37

Dow slides 100 points ahead of Trump China news conference, still headed for positive week

Published Thu, May 28 20206:01 PM EDT


Updated Moments Ago

Fred Imbert

[bonio10000] 29/5/2020 13:29

For sure it is half a dollar off the early lows today

[bonio10000] 29/5/2020 13:28

I meant up from recent lows.

it is well within the range since the move from $29/bl.

So, to me, it is down on trading, no underlying real move in Brent.

[waldron] 29/5/2020 13:20

Brent Crude Oil NYMEX 35.43 -1.75%

others say




LONDON BRENT OIL (XBNT)

Delayed Quote. Delayed - 05/29 01:11:20 pm


35.46 USD +1.03%

Does tlw have a strong correlation regarding oil price movements

[bonio10000] 29/5/2020 13:12

Well, Brent seems to be moving up.

So little reason for the fall over the last few days.

[waldron] 29/5/2020 12:56

Oil falls on stocks uncertainty, geopolitical and health concerns

Published by Nicholas Woodroof, Assistant Editor
Oilfield Technology, Friday, 29 May 2020 12:00

Oil prices fell this morning as traders priced in concerns over the future of crude stocks, geopolitical tensions and fears over how Covid-19 will progress.

Bjornar Tonhaugen, Rystad Energy's Head of Oil Markets, has commented on the morning's events:

"This is the last trading day for the Brent July futures contract, which seems to ease quietly into its recent comfort zone range of around US$35 a barrel.

The balance scale of incrementally bullish vs. bearish news flow for the value of crude shifted towards the bears over the past 24 hours, but only marginally. The global reaction to China’s move to propose new security laws for Hong Kong continues to increase, while there’s a score of new Covid-19 cases in South Korea. Meanwhile, reported fatalities in the US climbed to a week-high yesterday, spurring concerns about the oil demand recovery due to the increased risk of a second wave of restrictions as countries rush to reopen.

The physical crude market is though slowly healing, and the market is somewhat shrugging off the surprisingly huge build in the US crude stocks last week reported yesterday by the EIA (7.9 million barrels). Not that it didn’t raise eyebrows and that nails weren’t bitten though.

The surprisingly high stock build was mostly caused by US refiners taking in a larger share of cargoes that have waited to discharge due to the oversupply situation over the past few weeks, leading to a jump in reported imports for the week both in the Gulf Coast and West Coast.

Barring any major shock in global politics, the recovery in the crude markets seem to be ensured by the simultaneous recovery in daily road fuel demand indicators and gradual increase in refinery demand, while Russia and Saudi Arabia have also agreed to coordinate closely on supply management as we get closer to the 9 June OPEC+ meeting.

Today, uncertainty over the future direction of crude storage and concern over geopolitical tensions and future renewed restrictions are good enough reasons for lower prices. Yet, just a few weeks ago a market reaction would have been much larger, which shows that we have now entered a period of normality in trading, with huge price swings being a thing of the past for now. Supply developments and other geopolitical tensions that could affect demand are priced in, but not at exaggerated margins.

Big swings could only return if Covid-19 restrictions do with a second wave.

Now, waiting for the next OPEC+ meeting, the market is also comfortable in a relative calmness. But the outcome of the meeting itself could create a very stable, or a very different scenario for supply and demand balances. Nothing is for granted in such meetings, OPEC+ has proved that this year."

[thewealthofsocrates] 29/5/2020 12:34

"The senior administration official noted that “American businesses, NGOs and faith-based organizations have provided nearly $3 billion to Africa in the form of donations and other assistance.”

And publicly, the Trump administration in April endorsed a plan from the Group of 20 major economies that allows low-income countries, including those in Africa, to suspend debt payments to other countries. China is considered to be the largest holder of African debt, and there is an ongoing debate about how to handle a looming debt crisis on the continent."

[thewealthofsocrates] 29/5/2020 12:32

A US trade deal in Africa? It'll be arranged by October.

[thewealthofsocrates] 29/5/2020 12:30

hxxps://www.politico.com/news/2020/05/29/trump-africa-counter-coronavirus-china-288106

[thewealthofsocrates] 29/5/2020 12:28

Had a chuckle at the two chinese ladies holding up the pro Trump cards.

[thewealthofsocrates] 29/5/2020 12:27

hxxps://eu.usatoday.com/story/news/world/2020/05/29/trump-to-speak-on-china-amid-tensions-over-coronavirus-hong-kong-trade-deal-india-uyghur/5281574002/

[waldron] 29/5/2020 12:18

Stock are set for a flat open ahead of Trump’s U.S.-China news conference

Published Thu, May 28 20206:01 PM EDT

Updated 20 min ago

Fred Imbert
@foimbert

[sbb1x] 29/5/2020 12:12

Good for you buddy.

[leoneobull] 29/5/2020 12:11

I've topped up yet again

[misca2] 29/5/2020 12:03

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[thewealthofsocrates] 29/5/2020 11:53

Tullow conference call posted on lse

[thewealthofsocrates] 29/5/2020 11:48

Near parity on GBPUSD is my forecast because of furloughs and negative rates.

[bearnecessities] 29/5/2020 11:42

Would be nice.It's like a slow painful miserable death atm lol. Still keeping the faith though for the medium term.

[cool hand kev] 29/5/2020 11:38

I'm expecting an intra day reversal BWTFDIK

[thewealthofsocrates] 29/5/2020 11:24

Weak GBP. Good time to buy a dollar earner.


hxxps://www.tradingview.com/chart/GBPUSD/pGlJvM8a-GBPUSD-stay-in-the-channel/