The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the surging Delta variant of the Covid virus became manifest. Last week the market tacked on some gains as those fears abated somewhat, and an unexpected inventory draw in the U.S. poured a shot of courage into investor’s “cups.” The oil and derivatives markets rallied strongly repairing much of the damage. We are all familiar with the influx of International Oil Companies-IOCs, into Guyana. Years of one major discovery after another by ExxonMobil, (NYSE:XOM), and partners have pasted this Latin American formerly backwater country, squarely into the exploration headlines. The success has also spread to Suriname with TotalEnergies, (NYSE:TTE) and partner, APA Corp’s, (NYSE:APA) success in Block-58, offshore. In many cases the stocks of these companies has responded strongly to news of […]