WTI (Dec) $58.69 +20c, Brent (Jan) $63.01 +30c, Diff -$4.32 +10c
USNG (Dec) $4.65 +12c, UKNG (Dec) 79.5p -1.76p, TTF (Dec) €30.625 +0.065

Oil price 

In a week that saw a historic back down by the IEA on its renewables fanaticism and effectively ceding to fossil fuels the long term future the agencies all pointed to plenty of supply. Inventory build of crude oil was bigger than expected, at 6.413m barrels, against the whisper of  +2m. Products are mixed ahead of the cold weather. 

At the Chevron Open Day Mike Wirth said that Opec+ supply would keep downward pressure on the oil price, for natural gas he is more positive, prices will fall ‘later in the decade’. Interestingly it seems that the US Golden Pass LNG facility is now taking its first feed gas and expected to deliver LNG in January. 

Reabold Resources

Reabold launches new interactive investor hub to provide shareholders with a more proactive way of communication and enquiry support

Reabold has announced the launch of our interactive investor hub. For both existing and prospective shareholders, the new investor hub brings all Reabold content into a single integrated platform to better inform and engage investors and stakeholders, including:

• Regulatory announcements
• Reports
• Presentations
• Educational material
• Interviews
• Corporate research

The investor hub also provides an interactive online experience allowing Reabold stakeholders to comment on and ask the Reabold team questions via a portal which will be monitored and responded to in a timely manner.

How to sign up for the Reabold investor hub:

1. Visit reabold.com
2. Follow the prompts to sign up for an investor hub account
3. Complete your account profile

Sachin Oza, Co-Chief Executive commented:
“At Reabold, open communication with our shareholders has always been a priority. We view the investor hub as a vital tool for enhancing this engagement, enabling both current and prospective shareholders to connect with Reabold and gain deeper insights into our objectives.

The investor hub will offer a comprehensive range of video content, information, and updates on our activities and future direction. We encourage our stakeholders to visit the investor hub and share their feedback as we continue to develop our communication channels.”

I publish this today as it looks like a pretty good way for shareholders and potential investors to catch up with company news and perhaps more importantly give feedback to the company. I will monitor it if I can and share my thoughts, but any way that reasoned and sensible comment and views can be exchanged seems a really good platform which I must applaud. 

Enterprise Oil

It is 23 years since Shell stole Enterprise Oil for a mere £3.5bn (only what I said at the time…) and I notice that Key Facts Energy has for some reason written a fantastic short history of the company. I am including it today as a matter of history for the British Oil & Gas industry and I for one was very proud of it and the small part I played in those 20 years. I have always said that the alumni of Enterprise Oil have spread out in the international Oil & Gas industry and I meet them everywhere in my travels.

Below is a link to the article, enjoy!

The Legacy of Enterprise Oil: A UK Independent in the Global Energy Landscape

Original article   l   KeyFacts Energy Industry Directory: Malcy's Blog