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Posts under ‘Oil Prices’

OIL, OIL, TOIL AND TROUBLE

ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]

Oil price slump

Vladimir Putin has said that Russia could suffer “catastrophic consequences” from sanctions, the falling oil price and the sliding rouble, while claiming they would have knock-on effects for other countries. Prices could plunge to $60 US a barrel if OPEC does not agree to a significant output cut this week, according to market players. Lower […]

Crude Priced At $75

Bidness Etc discusses the various crude prices experts feel will allow the US companies to break even and highlights the impact of lower oil price on US oil companies next year Extracts from a Bidness Etc article Published: November 21, 2014 at 10:47 am EST By: Micheal Kaufman The hydraulic fracturing techniques used by the […]

Oil price slump: fire sale of Shell assets gathers pace

*Royal Dutch Shell Plc has sold a $600 million stake in a Nigerian oil lease as part of its plan to sell off $15bn worth of assets around the world. The fire sale no doubt has added momentum in view of the collapse in the price of oil. Shell has already disposed of under-performing assets […]

UK News Reports Royal Dutch Shell Quarterly Result

DAILY EXPRESS: Oil giant Shell floats as prices sink Extracts ROYAL Dutch Shell unleashed an industry-beating rise in quarterly profit yesterday, despite falling oil prices, and vowed to keep slashing less-lucrative projects. Finance chief Simon Henry said: “It’s quite likely we’ll take a very close look at investment levels where we have flexibility if we […]

American, Chad Holliday, replacing Jorma Ollila as Shell Chairman

By John Donovan Chad Holliday, the former chairman of Bank of America, is replacing the Finn Jorma Ollila as chairman of Royal Dutch Shell Plc. Before his four year stint as chairman at Bank of America, Holliday was chairman and chief executive of Dupont. Commenting, Mr Ollila said, ‘I am delighted that the Board has […]

Big oil is exposed to falling prices who can survive?

BRENT CRUDE PRICES HAVE SLUMPED SINCE PEAKING AT $115 IN JUNE By John Donovan The news media is waking up to the potential seismic impact on big oil from falling oil prices. Our headline – “Big oil is exposed to falling prices who can survive?” – is taken from an article by John Ficenec published […]

Oil price slump to hit majors’ earnings

WEDNESDAY 22 OCTOBER 2014 Reuters is reporting that oil companies have seen billions wiped off their stock market values as crude prices dropped over the past four months by 25 percent to a four-year low near $85 a barrel, due to slowing global demand particularly in China and ample supplies. Shares of BP, Royal Dutch […]

Oil Price Slump

By John Donovan I have already highlighted the recent wishful prediction by Shell CEO Ben van Beurden that oil will return to “very robust” pricing in the long-term. We have all witnessed the subsequent slump in oil prices. Some extracts from a current Bloomberg article: The global crash in crude prices is reverberating through the oil […]

Royal Dutch Shell News 15 Oct 2014

By John Donovan WHISTLEBLOWER ALLEGES ROYAL DUTCH SHELL TAX EVASION IN NIGERIA  A former manager of Shell Production Development Company in Nigeria has accused Shell of massive tax evasion. He also alleges that the Nigeria Economic and Financial Crimes Commission demanded a bribe from him as part of a related cover-up plan for Shell. The […]

EU investigates price fixing in energy markets

The latest development follows the Libor rigging scandal and the raids carried out in May 2014 on the oil majors BP, Shell and Statoil, seeking evidence of manipulation of oil prices. By John Donovan On Tuesday, investigators for the EU Commission raided several companies producing and trading in biofuels. According to the commission, the surprise inspections […]