||TOTAL ORD SHS
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Total SA Share Discussion Threads
Showing 926 to 937 of 950 messages
|Publié le 23/03/2017 à 16h23
(Boursier.com) — Sous réserve des décisions du Conseil d'administration et de l'Assemblée générale, le calendrier de détachement des acomptes et du solde du dividende relatifs à l'exercice 2018 de Total serait le suivant...
- 25 septembre 2018
- 18 décembre 2018
- 19 mars 2019
- 11 juin 2019.
Ce calendrier indicatif concerne les dates de détachements relatifs aux actions cotées sur Euronext Paris.
Le calendrier de détachement des acomptes et du solde du dividende pour l'exercice 2017 serait le suivant...
- 25 septembre 2017
- 19 décembre 2017
- 19 mars 2018
- 11 juin 2018.|
Crude Oil Resumes Collapse As US Inventories Loom
Tue, 21st Mar 2017 18:40
WASHINGTON (Alliance News) - Crude oil futures continued to fall Tuesday, reversing early gains amid expectations US oil stockpiles are brimming. Prices tumbled to their lowest level since November.
The American Petroleum Institute (API) report is due this afternoon at 4:30 pm ET, followed by the Energy Information Administration figures tomorrow morning.
Data revealed a surprise drop in stockpiles last week, a small decrease after record highs the week before.
A drop in production from Saudi Arabia failed to sustain oil prices.
Saudi Arabia's crude oil exports fell to 7.713 million barrels a day in January, while crude oil production dropped by 717,000 barrels a day to 9.748 million barrels a day, official data showed on Monday.
May WTI oil settled at USD48.24/bbl, down 67 cents, or 1.4%.
April WTI oil was down 88 cents, or 1.8%, to end at USD47.34/bbl, on the final day of the contract.|
|Oil prices rise on talk that OPEC could extend supply cut
Updated / Tuesday, 21 Mar 2017 07:29
Strong demand for oil is working to slowly erode a global fuel supply overhang
Strong demand for oil is working to slowly erode a global fuel supply overhang
Oil prices rose today on expectations that an OPEC-led production cut to prop up the market could be extended.
Strong demand is also working to slowly erode a global fuel supply overhang.
Prices for front-month Brent crude futures, the international benchmark for oil, were at $51.86 per barrel early this morning up 24 cents, or 0.5%, from their last close.
US West Texas Intermediate (WTI) crude futures were up 13 cents, or 0.3%, at $48.35 a barrel.
The Organisation of the Petroleum Exporting Countries, together with other producers including Russia, has pledged to cut its output by almost 1.8 million barrels per day (bpd) between January and June in an effort to prop up prices and rein in a global supply glut that has dogged markets for almost three years.
Yet so far the cutback has not had the desired effect as compliance by involved exporters is patchy and as other producers, including the US, have stepped up to fill the gap, resulting in crude prices falling more than 10% since the beginning of the year.
To halt the decline, OPEC members increasingly favour extending the pact beyond June to balance the market, sources within the group said, although they added that this would require non-OPEC members like Russia to also step up their efforts.
Traders also said that healthy oil demand would help rebalance markets and support prices.|
|March 20, 2017
Ex-dividend date for the 3rd 2016 interim dividend|
|The annual report (Document de référence) of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) for the year ended December 31, 2016, was filed with the French Financial Markets Authority (Autorité des marchés financiers) on Friday, March 17, 2017. Pursuant to applicable law, copies of the Document de référence are available free of charge and can be downloaded from the Company's website (total.com, under the heading Investors / Regulated information). A translation into English of the Document de référence (Registration Document) is also available on the Company's website.
The following documents are included in the Document de référence: the 2016 annual financial report, the report by the Chairman of the Board of Directors required under Article L. 225-37 of the French Commercial Code (corporate governance, internal control and risk management procedures), the reports from the statutory auditors, in particular the report specified by Article L. 225-235 of the French Commercial Code, the fees received by the statutory auditors, the description of the share buy-back program as well as the report on the payments made to governments required under Article L. 225-102-3 of the French Commercial Code.
The annual report on Form 20-F of TOTAL S.A. for the year ended December 31, 2016, was filed with the United States Securities and Exchange Commission (SEC) on Friday, March 17, 2017. The Form 20-F can be downloaded from the Company's website (total.com, under the heading Investors / Regulated information) or from the SEC's website (sec.gov).
Printed copies of the Document de référence, Registration Document and Form 20-F are available free of charge at the Company's registered office at 2, place Jean Millier, La Défense 6, 92400 Courbevoie, France.
* * * * *
Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in solar energy with SunPower and Total Solar. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com
TotalMike SANGSTERNicolas FUMEXKim HOUSEGORomain RICHEMONTTel. : + 44 (0)207 719 7962Fax : + 44 (0)207 719 7959orRobert HAMMOND (U.S.)Tel. : +1 713-483-5070Fax : +1 713-483-5629
View source version on businesswire.com: Http://www.businesswire.com/news/home/20170317005373/en/|
|'Second wave' of US shale-inspired oil glut around the corner, warns IEA's Fatih Birol
IEA executive director sees massive supply-demand imbalances over the next three to five years.
By Gaurav Sharma in Houston, Texas, USA
March 6, 2017 18:03 GMT
Fatih Birol IEA
Executive director of the International Energy Agency Dr Fatih Birol (centre) speaks at IHS CERAWeek in Houston, Texas, USA on 6 March, 2017.Gaurav Sharma / IB Times UK
Another oil supply glut triggered by rising US crude production is on the horizon, according to Dr Fatih Birol, executive director of the International Energy Agency.
Commenting on the ongoing tug of war between the upside price risk of Opec crude production cuts versus the downside drag of higher US production on Monday (6 March), at CERAWeek in Houston, Texas, USA, Dr Birol said: "We are witnessing the start of a second wave of a US shale oil glut. This second wave is unmistakable. Of course, there is a risk that oil prices could be heading lower."
More business news
UK car sector slows down in February after two-year boom
FX Focus: Pound falls to six-week low against the euro as markets await Spring Budget
Why advertise with us
However, the IEA official said a lower price environment could create massive problems down the road should it lead to chronic under-investment in oil and gas projects.
"In fact, we see significant risk of prices rising sharply starting 2020, unless significant oil and gas projects are commenced."
On the demand side, Birol said India is overtaking China as the centre of oil demand growth. "Oil demand is not peaking, and it will continue to grow steadily.
"We expect global oil demand to grow by 100 million barrels per day by 2019, with from China and India jointly responsible for half of global demand growth. It is why the IEA remains concerned about supply-demand balance around 2020."|
|Oil falls as record US crude supplies offset Opec output cuts
Brent for May settlement declines 15 cents, or 0.3%, to $56.36 a barrel on the ICE Futures Europe exchange
Published: 15:28 March 2, 2017
New York: Oil dropped after government data showed that US crude stockpiles rose to a record, offsetting Opec’s efforts to drain a global glut.
Crude supplies climbed 1.5 million barrels to 520.2 million barrels, the highest in weekly data going back to 1982. A 3-million-barrel supplies gain was projected by analysts surveyed by Bloomberg before the Energy Information Administration report. Compliance among the 10 Opec members that pledged to cut production rose to 89 per cent, while gains from other members meant total output rose slightly, consultant JBC Energy said.
As the Organisation of Petroleum Exporting Countries and 11 non-member nations work to reduce supply to end a three-year glut, US producers are ramping up, sowing speculation they may fill the gap. That has so far subdued price swings, sending the Chicago Board Options Exchange Crude Oil Volatility Index on Monday to the lowest since October 2014.
“The market’s still in a struggle between Opec cuts and the reality that there’s a lot of oil in storage here,” Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said by telephone. “We need to start seeing supply declines here pretty soon or the market will be in trouble.”
West Texas Intermediate for April delivery slipped 18 cents, or 0.3 per cent, to close at $53.83 a barrel on the New York Mercantile Exchange. Futures bounced between $51.22 and $54.94 in February, the tightest range since August 2003.
Brent for May settlement declined 15 cents, or 0.3 per cent, to $56.36 a barrel on the London-based ICE Futures Europe exchange. The April contract dropped 0.6 per cent to expire at $55.59 on Tuesday. The global benchmark closed at a $2.08 premium to May WTI.
Refineries boosted the amount of crude they processed for the first time in seven weeks. Refiners typically plan maintenance programs for low-demand periods such as February when there’s a lull between winter preparations and the summer surge of gasoline consumption.
“It’s good to see the build was a little lighter than expected,” Brian Kessens, a managing director and portfolio manager at Tortoise Capital Advisors LLC in Leawood, Kansas, who helps manage $17.1 billion in energy assets, said by telephone. “Refinery utilisation picked up a little bit, which might explain the smaller-than-expected gain.”
Gasoline stockpiles fell 546,000 barrels, while inventories of distillate fuel, a category that includes diesel and heating oil, slipped 925,000 barrels.|
|Oil Prices Aren’t Breaking Out Any Time Soon
By Rakesh Upadhyay - Feb 24, 2017, 4:59 PM CST Barrels
What’s in store for oil this year? Experts at ABN Amro are forecasting a return to $30 levels unless OPEC extends its production cuts. Meanwhile, analysts at Citi are of the opinion that oil is likely to reach $70 a barrel by the end of this year.
Bank of America Merrill Lynch has opted for the middle path; they believe that the Brent crude oil prices will remain in a range of $50-$70 per barrel till 2022.
Such differing forecasts make it difficult for the trader. This article will analyze the fundamentals of oil to arrive at a forecast for oil.
The current rally is boosted by OPEC
The production cuts by the OPEC members and Russia to balance the oversupplied crude oil market is the only reason for the current rally. OPEC has achieved about 90 percent compliance rate on the proposed cuts in January 2017, whereas, the non-OPEC members who had supported the cuts have achieved 60 percent compliance.
However, even after achieving close to their targeted 1.8 million barrels a day of production cut, the huge stockpiles have not reduced. On the contrary, U.S. crude stocks have risen 39 million barrels this year, to 518 million, since OPEC started cutting production in January.
Related: Can The U.S. Dominate LNG Markets?
(Click to enlarge)
This prompted the Qatar Energy Minister, Mohammed Al Sada, to say that OPEC is watching the reduction in oil stocks closely.
Depending on the rate of decline, OPEC will formulate their next strategy, OPEC Secretary-General Mohammad Barkindo said.
Why oil prices are not rallying higher
(Click to enlarge)
Though the breakout in oil has attracted bullish bets of more than 1 billion barrels of oil, prices have been stuck in a range of $50-$55 for the past few weeks. One of the main reasons for the tight range is the resurgence of U.S. shale oil producers.
They have not only added oil rigs, they have also increased oil production by about 500,000 barrels per day since October 2016.
"We believe U.S. shale oil producers will come out ahead and deliver outsized market share gains by 2022. Assuming a gradual recovery in oil prices into a long-term average of $50 to $70 a barrel, we project annual U.S. shale oil growth of 700,000 b/d in 2017-22," a note by the Bank of America Merrill Lynch’s research team predicted, reports the CNBC.
Though the shale oil drillers haven’t been able to replace each barrel of oil production cut by OPEC, they have dented the bullish sentiment to a large extent. Expectations are that more shale oil producers will enter the fray if oil prices reach $60 a barrel or higher.
Hence, prices are stuck in a range, waiting for some kind of a trigger to either take it higher or lower.
Related: Why A Weaker Dollar Won’t Boost Oil Prices
Can OPEC continue with their cuts if oil prices don’t rally?
The initial agreement was to cut production for the first six months of this year. However, if needed, OPEC can extend the cuts for another six months, OPEC sources said.
Nevertheless, if oil fails to rally soon, the unity and resolve of the OPEC members will be tested. OPEC will not want to lose market share to the U.S. and other producers, as it is very difficult to regain the market share lost in an oversupplied market.
“Saudi Arabia and other producer countries are feeling the pain of low oil prices and thus will likely stay the course if cuts prop up prices,” said Jason Bordoff, director of the Center on Global Energy Policy at Columbia University. “But the deal may unravel if those cuts are just offset by strong non-OPEC production growth in places like the U.S., Canada and Brazil that keeps prices low,” The New York Times reported.
Hence, considering the fundamentals of oil, it is likely to remain range bound between a broad range of $45-$55 for the most part of the year. However, in the near-term, a pop to $60 is likely, which will be sold into and crude will be back into the range. The range is unlikely to break convincingly in the near future.
By Rakesh Upadhyay for Oilprice.com|