RE:Malcy's BlogOnly a matter of time before things really start to heat up. Large projects take years to come on line and 90% of them can never hold their schedule. Stella is a fairly big project but by no means is it a huge project and look at all the delays that it had.
We are fortunate that we are finally there and departure from Poland should be within the next few weeks, Oil will run very high for some time before more production can pull it back down again.
Maybe a bit of news on Monday regarding the FPF-1 leaving Poland but overall I do not think we should be surprised by the results.
Will Brent break $50.00 next week??? That would not be a surprise and once again the Stella's field production timing is looking better and better everyday.
Lot's of positives out there for oil to rise.