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Posts under ‘OPEC’

How Shell, BP, And Total SA, Can Profit From The Oil Price Crash

By: MICHEAL KAUFMAN: Published: Mar 30, 2015 at 9:26 am EST Despite largely unfavorable movement in crude oil price during the recent months, some of Europe’s biggest oil companies are finding support from trading desks as they face a prolonged slump, which has seen oil price hit six-year lows. In the three years before the summer […]

Prices Fall to a Six-Year Low for U.S. Oil

Article by Stanley Reed published 17 March 2015 in the New York edition of the New York Times Prices Fall to a Six-Year Low for U.S. Oil Oil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was outpacing already-brimming storage facilities. Additionally, the Organization […]

Oil plunges to a 6-year low. Is $30 a barrel next?

CNNMoney (New York) March 16, 2015: 5:39 PM ET Extremely cheap oil is back, and it may get even cheaper. Crude plunged 4% to as low as $42.85 a barrel on Monday. That’s the lowest price since March 2009 and marks the fifth consecutive day of losses. EXTRACTS A month ago, people were talking about an […]

Salym Shell development in Siberia

By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline: Russian oil industry facing deep freeze Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia. Two hours’ drive from the nearest village of Salym, the snow banks are huge and […]

Shell chief: oil to stay at current lows for rest of year

From an article by Andrew Critchlow, Commodities editor, The Telegraph, published 12 Feb 2015 under the headline:  Shell chief: oil to stay at current lows for rest of year Oil prices are set to remain at the current six-year lows for the rest of 2015, the boss of the country’s largest oil and gas company will […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

BP boss Bob Dudley: Oil prices ‘low for up to 3 years’

BBC News Article Published 21 Jan 2015 The boss of oil giant BP Bob Dudley has said that oil prices could remain low for up to three years. He added that could send UK petrol prices below £1 per litre. He told BBC Business editor Kamal Ahmed in Davos BP was planning for low oil […]

Big Oil’s dividends look safe – for now

Big Oil’s dividends look safe – for now FIONA MAHARG-BRAVO Reuters Breakingviews Published Tuesday, Jan. 20 2015, 4:40 PM EST Oil companies don’t like to cut dividends, even when the price of crude tumbles. Dividends are likely to be held firm this year. But the pressure on payouts is mounting. The halving of the crude […]

The dramatic consequences of plunging oil prices

“Brent futures are set to fall to as low as $31 a barrel by the end of the first quarter from about $48 now.”; “People know these prices are unsustainable,” he said, and they will lead to large-scale layoffs and cuts in maintenance spending, which will eventually sharply reduce overall output. BP’s announcement of layoffs was […]

Shell, Total Lead Energy Shares Lower – $45 a barrel

From an article by Alan Soughley published by BloombergBusinessweek 13 Jan 2015 under the headline:  “European Stocks Decline; Shell, Total Lead Energy Shares Lower” Extracts Royal Dutch Shell Plc and Total SA led energy-related companies lower… A gauge of energy stocks slid 1 percent today, for the worst performance of the 19 industry groups on […]

Royal Dutch Shell Plc a Basket Case Long After 2015?

From an article by Royston Wild published Friday 9 Jan 2015 by The Motley Fool under the headline: “Why Royal Dutch Shell Plc, BHP Billiton plc And Royal Bank of Scotland Group plc Will Remain Basket Cases Long After 2015″  Royal Dutch Shell has seen its earnings forecasts painted with red ink; Shell is expected […]

Oil crashes below $50 – Big Oil loses $200 billion

The meltdown in oil prices has wiped out more than $200 billion in market valuation among the 10 largest oil and natural gas companies in the S&P 500. To combat depressed prices, oil companies are hitting the brakes on spending and laying off workers. Investors are saying “enough.” They are dumping their energy stocks as the outlook […]

Jesse Colombo, the economic analyst who predicted the oil prices bust 

FULL CREDIT TO THE EXPERT WHO CORRECTLY PREDICTED THE OIL PRICE CRASH By John Donovan In June of this year Forbes.com published an extensive prescient article by Jesse Colombo, an economic analyst, under the headline: “9 Reasons Why Oil Prices May Be Headed For A Bust” His prediction made 6 months ago: “There are a growing number […]

Many predicting oil prices as low as $40 per barrel

With the oil market appearing set to endure worsening fundamentals over the next few years at least, shareholders could see dividends at Shell come under severe pressure once again. FROM AN ARTICLE BY ROYSTON WILD PUBLISHED BY THE MOTLEY FOOL ON MON 15 DEC 2014 Headline: Is Royal Dutch Shell Plc Really Robust Enough To […]

Oil prices continued their collapse on Friday

Oil prices continued their collapse on Friday… The new rout began Friday morning… Gas prices will continue to be in a free fall as long as crude oil is searching for a bottom,” the AAA motor club reported on Friday. From an article published by The New York Times on page B1 of the New […]

Opec is finished – the oil crash will continue

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. The major oil companies will have to cut back on projects with a break-even cost below $80 for Brent […]

Can BP plc Be Acquired By Royal Dutch Shell plc?

Bidness Etc discusses the prospects of BP being taken over by Royal Dutch Shell plc (ADR) owing to declining crude oil price By: MICHEAL KAUFMAN Published: Dec 2, 2014 at 2:21 pm EST BP plc (ADR) (NYSE:BP) stock is up 2.6% on speculation that Royal Dutch Shell plc (ADR) (NYSE:RDS.A) might be interested in acquiring […]

Repercussions Of Lower Oil Prices On Energy Sector

Published: November 29, 2014 at 11:11 am EST By: Micheal Kaufman The decision by the Organization of Petroleum Exporting Countries (OPEC) to maintain production at 30 million barrels of oil per day came as a shock for most oil companies. As a result crude oil prices fell drastically and West Intermediate Texas (WTI) was down […]

Oil company shares slumped

OPEC’s decision on Thursday not to cut production in order to prop up oil prices sent markets reeling. Oil company shares slumped, wiping billions off firms’ market value… As they come to terms with the new oil regime, companies will cut spending by up to 10 percent in 2015… and delay new project approvals. LONDON, […]

Oil prices continue to fall

Shell, BP and Petrofac shares close down as Opec decides not to cut oil production. Stocks of major oil producers were in the firing line as their profits are hugely dependent on the price of oil they extract. Royal Dutch Shell, for example, fell 4.3 percent while Total SA dropped 4.1 percent. LONDON — Oil […]

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 […]

Iraq and Iran plot oil revolution in challenge to Saudi Arabia

Iraq’s goal of pumping 9m barrels a day of crude could be a game changer for oil prices and British companies: British oil giants BP and Royal Dutch Shell are also poised to benefit from Iraq’s ambitious production plans. Both companies are already managing two huge oil fields in southern Iraq which are vital if Baghdad […]

BP and Shell among oil firms Iran wants back in country

Iranian Oil Minister seeks talks with oil giants to return Iran to help tap world’s fourth-largest oil reserves after sanctions are lifted By Reuters: 2:25PM GMT 04 Dec 2013 Iran on Wednesday named seven Western oil companies it wants back in its vast oil and gas fields once international sanctions are lifted and said it […]

By 2023, a Changed World in Energy

By 2023, a Changed World in Energy By CLIFFORD KRAUSS: A version of this article appeared in print on April 25, 2013, on page F1 of the New York edition HOUSTON IF you could close your eyes for just a moment like Rip Van Winkle, and blink them open in 2023, you might see a […]

Shell says still interested in Libya oil exploration

VIENNA | Wed Nov 7, 2012 4:27pm GMT Reuters) – Royal Dutch Shell (RDSa.L) said on Wednesday that it remained interested in oil and gas exploration opportunities in Libya after abandoning drilling in two blocks earlier this year. Shell told Reuters in May that it planned to exit from the LNGDA and area 89 after […]

Selection of article links 17 October 2012

Selection of links to articles that may be of interest to our visitors, as supplied by a regular contributor Shell’s oil spill solution? Live with it! Avaaz Daily Briefing-6 hours ago What would you do if your water was polluted, your livelihood destroyed and your backyard regularly caught fire due to oil spills? Shell has […]

Selection of links

LINKS TO ARTICLES THAT MAY BE OF INTEREST TO OUR VISITORS: SUPPLIED BY A REGULAR CONTRIBUTOR I noticed some debate in your blog about ‘price fixing’, with the Royal Dutch Shell loyalists claiming it was all the fault of ‘big government’. Right. If you believe that then you will believe that pigs can fly. Here […]

Israeli gas discoveries and shale gas potential

Article and associated links supplied by a regular contributor Subject: Israeli gas discoveries and shale gas potential The Israeli’s have made some very large oil and gas discoveries in the off-shore Mediterranean Sea, but the major western oil companies like Royal Dutch Shell are not interested in investing in this new frontier. Wonder why ? […]

Shell Concealed Extent of Its Problems to Protect Nigeria Partnership

FROM OUR ARCHIVES… International Herald Tribune: Shell Concealed Extent of Its Problems to Protect Nigeria Partnership. Friday, March 19, 2004 The Royal Dutch/Shell Group has kept secret key details of its sharp reduction of oil and gas reserves for fear of damaging its close ties to Nigeria, whose oil production quota set by OPEC might […]

World oil demand to strain supply in 2012-IEA

Wed Jul 13, 2011 1:27pm GMT * IEA sees continued gap between OPEC output and demand for OPEC oil * Maintains that strategic petroleum reserves release is working * No decision yet on further stocks releases By Alex Lawler and Barbara Lewis LONDON, July 13 (Reuters) – World oil demand growth will accelerate next year, […]

Royal Dutch Shell the world’s largest “speculator”

Shell’s search for profits widens even as the oil price climbs • Shell now ‘world’s largest trader’ as well as oil major • Plans to explore in Arctic, Iraq, Russia and deep sea Terry Macalister: Thursday 3 February 2011 20.07 GMT Shell earned the majority of its profits in 2010 not from pump sales, but […]

There Will Be Fuel

NO SHORTAGE A Chesapeake Energy natural gas well near Burlington, Pa. Experts say the nation has gas reserves for 100-plus years. By CLIFFORD KRAUSS A version of this article appeared in print on November 17, 2010, on page F1 of the New York edition. THREE summers ago, the world’s supertankers were racing across the oceans […]

Shell Nigeria investment on hold pending reform

Thu Jun 17, 2010 7:27am GMT By Nick Tattersall LAGOS (Reuters) – Royal Dutch Shell has some $40 billion worth of potential investment in deepwater oil projects in Nigeria on hold amid uncertainty over planned reforms to the energy sector, a senior executive told Reuters. Mutiu Sunmonu, country chairman for Shell Nigeria, said it was […]

Royal Dutch Shell expected to report a 70 per cent fall in profits to $2.5 billion

On Thursday, Royal Dutch Shell, BP’s Anglo-Dutch rival, is expected to report a 70 per cent fall in profits to $2.5 billion.

BG’s huge find propels Brazilian oil to centre stage

A vast new oilfield off the coast of Brazil could contain up to two billion barrels of crude, providing fresh evidence that a spate of discoveries in the region is opening up a new frontier for the global oil industry.

Oil Trades Near $68 as OPEC Meets, U.S. Driving Season Ends

Royal Dutch Shell Plc’s Nigerian unit said protesters besieged its Olomoro pumping station in the southern Niger River delta to press demands for a greater share in the region’s oil wealth for local communities. Demonstrations that started last week continued yesterday, said Tony Okonedo, a company spokesman. The protests concern “issues that are already receiving attention” from Shell, he said, adding that “we’re in dialogue with the community.” The action hasn’t disrupted oil production because the Olomoro station has been shut since June “due to the general security situation in the region,” Okonedo said.

Shell May Close or Sell Montreal East Oil Refinery

Refiners need to consolidate and close plants to increase profitability, the Organization of Petroleum Exporting Countries said yesterday. The Hague-based Shell put two refineries in northern Germany up for sale earlier this year. Chief Executive Officer Peter Voser has pledged to simplify decision-making and cut costs against a deteriorating economic backdrop.

Reorganization costs Shell Nederland jobs (internal e-mail

  Goodbye Shell is completely different to do. Not only without Linda Cook yesterday unexpectedly steps, but with substantially fewer people. How many jobs are lost, Shell would not say, but a spokesman in the United States told AP that the 2000 jobs at headquarters in The Hague under pressure. According to the blog royaldutchshellplc.com are mainly supportive, administrative and IT […]

Oil Jumps 4.8% to $59.03; OPEC Cuts Unlikely

The army confirmed a pipeline supplying state-owned Nigerian Gas Co. had been blown up but with no impact on supply. Chevron Corp. over the weekend said its operations continued as normal. Royal Dutch Shell PLC reiterated Monday that it is investigating a report that one of its facilities was attacked.

Uncertainty Clouds Outlook for Oil Sector

NEW YORK — As its most prosperous decade screeches to a halt, the oil industry is confronting a far tougher and more hazardous future. The huge profits of the past years have mostly vanished, leaving companies to confront a difficult readjustment to a world of lower prices and uncertain demand.