Tullow Oil (TLW LN): Oil-Levered Cash Flow Drives an Improving Balance Sheet

Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

Thematic (Sector/Industry)

Colombia Energy / Thematic (Sector/Industry)

<h2>Oil Price</h2><p>A major pipeline disruption at the Forties system in the North Sea and consequent Force Majeure declaration by operator INEOS drove Brent crude prices close to USD 66/bbl early this week, the highest level since 2015. However, significant profit-taking later in the week drove prices lower, settling broadly flat for the week at USD 63.2/bbl. WTI saw similar volatility during the week, going as high as USD 58.5/bbl, before ending the week at USD 57.3/bbl. Elsewhere, in its recent Oil…</p>

Oil PriceA major pipeline disruption at the Forties system in the North Sea and consequent Force Majeure declaration by operator INEOS drove Brent crude prices close to USD 66/bbl early this week, the highest level since 2015. However, significant profit-taking later in the week drove prices lower, settling broadly flat for the week at USD 63.2/bbl. WTI saw similar volatility during the week, going as high as USD 58.5/bbl, before ending the week at USD 57.3/bbl. Elsewhere, in its recent Oil…

Global E&Ps: Energy Weekly Vol. 6