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Share Name Share Symbol Market Type Share ISIN Share Description
Centrica Plc LSE:CNA London Ordinary Share GB00B033F229 ORD 6 14/81P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.24 0.47% 51.08 51.08 51.12 51.54 50.62 50.64 28,817,209 16:29:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 12,249.0 -577.0 41.0 1.2 2,984

Centrica Share Discussion Threads

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DateSubjectAuthorDiscuss
04/7/2021
17:59
WORLDOIL.COM OPEC’s latest standoff puts the oil cartel’s survival at risk By Javier Blas on 7/4/2021 LONDON (Bloomberg) --A high-stakes game of oil diplomacy pits Saudi Arabia against long-time ally Abu Dhabi. And the result of their fight will shape not just the price of oil for the next year, but the future of the global energy industry. The United Arab Emirates on Friday blocked an OPEC+ deal that cartel leaders Russia and Saudi Arabia hashed out to increase output, demanding better terms for itself. After two days of bitter negotiations, and with the UAE the only holdout, ministers halted the discussions until Monday, leaving markets in limbo as oil continued its inflationary surge above $75 a barrel. Despite diplomatic talks continuing, the standoff appeared to continue on Sunday, with the UAE reiterating its demands. Abu Dhabi is forcing its allies into a difficult position: accept its requests, or risk unraveling the OPEC+ alliance. Failure to reach a deal would squeeze an already tight market, potentially sending crude prices sharply higher. But a more dramatic scenario is also in play -- OPEC+ unity may break down entirely, risking a free-for-all that would crash prices in a repeat of the crisis last year. As in all negotiations, there may be an element of bluff. Late last year, Abu Dhabi even floated the idea of leaving OPEC. While this time the UAE hasn’t repeated the threat, no one even at the heart of the talks is sure what could happen if negotiations fail on Monday. An exit would almost certainly trigger a price war -- and in that scenario everyone loses. The bluff is to show your country is ready to take the pain better than the others. But there’s also a more subtle poker game playing out, and in that hand, the UAE has some cards. The country wants to pump more oil after spending billions to increase production capacity. At some point, the others in the alliance will probably have to recognize Abu Dhabi’s new status, redrawing the terms of engagement to allow it to pump more. “The UAE will push hard at this juncture to use this meeting to get their excess capacity recognized and brought back online,” said Roger Diwan, oil analyst at consultant IHS Markit Ltd. “Compromise exists, but it is just how they bring their capacity, not if.” OPEC Math At the center of the dispute is a word key to OPEC+ output agreements: baselines. Each country measures its production cuts or increases against a baseline. The higher that number, the more a country will be allowed to pump. The UAE says its current level, set at about 3.2 million barrels a day in April 2020, is too low, and says it should be 3.8 million. “This was an inevitable fight,” said Ben Cahill, a senior fellow at the Center for Strategic and International Studies in Washington. “The differences are real and the UAE will continue to make noise until it achieves a higher baseline.” The current OPEC+ production deal ends in April 2022, when every country will be able to re-negotiate its baseline. But now Saudi Arabia and Russia, with the support of everyone else at OPEC+, want to extend the agreement to the end of next year. The UAE has rejected the idea of extending the broader accord unless its baseline is changed, effectively killing the proposal negotiated by Moscow and Riyadh. There was no sign of progress as of Sunday morning in Abu Dhabi, with the UAE still refusing to agree to an extension on current terms. “The UAE is for an unconditional increase of production,” but a decision to extend the deal until the end of 2022 is “unnecessary to take now,” Energy Minister Suhail Al-Mazrouei said in an interview with Bloomberg Television. “We still have eight to nine months in this agreement, and we’re talking about plenty of time for this to be discussed at a later stage.” In April 2020, Abu Dhabi accepted its current baseline, but it doesn’t want the straitjacket to stay on for even longer. Abu Dhabi has spent heavily to expand production capacity, attracting foreign companies including French oil giant TotalEnergies SE. With Iran potentially returning to the oil market soon if it reaches a nuclear deal, patience for getting new terms is wearing out. Claiming a higher baseline is different to having one. Often countries make outlandish declarations of how much oil they can produce -- just to get a better deal. Few take those assertions seriously. But last year the UAE proved it had the extra barrels. During the price war, it pumped a record of 3.84 million barrels a day, according to OPEC estimates. Abu Dhabi says it produced more than 4 million. Before then, it had never produced more than 3.2 million and few believed it was able to produce much more. Now it can prove it has the barrels, that strengthens its hand in the negotiation. The Emirate proposal would even benefit Saudi Arabia, which could also secure for itself a higher baseline. But Riyadh has rejected it. The biggest loser would be Russia, which would see a much lower output target. And Saudi Arabia needs Russia onside. Aside from cartel arithmetic, geopolitical tensions are also in play. The country’s de facto ruler, Crown Prince Mohammed bin Zayed, once enjoyed close relations with the Saudi Crown Prince, Mohammed bin Salman. But the relationship between the two heirs appears to have cooled in recent months. And Abu Dhabi is flexing its muscles beyond the oil market, with bold geopolitical moves from Yemen to Israel. In another sign of tension as the OPEC standoff intensified on Friday night, Saudi Arabia moved to restrict citizens’ travel to the UAE, citing the pandemic. Bad Timing OPEC has been here before. There’s often friction in member countries between the oil ministry, which deals with the cartel and commits to quotas, and the national oil companies, whose priority often is to expand production capacity. In this case, Sultan Al Jaber, the head of the Abu Dhabi National Oil Co., led the charge to increase capacity. In the 1990s, it was Petroleos de Venezuela SA, the state-owned company of the Latin America country, which pushed ahead with an aggressive capacity expansion. With oil demand growing slowly in the 1990s, Caracas and Riyadh clashed, and the fight ultimately triggered a price war in 1998 that saw Brent crude plunge below $10 a barrel. In the 2000s, Algerian national energy giant Sonatrach SpA did the same, but benefited from better timing: booming Chinese oil demand allowed it to lift production 60% from 1996 to 2006 with the tacit consent of OPEC. Adnoc’s push was hindered by two factors: U.S. shale production and the coronavirus pandemic, both of which dented demand for OPEC barrels over the last five years. Al Jaber misread the market, or was unlucky with the timing. Who wins the standoff this time may depend on luck, a bit of bluffing, and who fears he has the most to lose from OPEC unraveling.
gibbs1
03/7/2021
07:45
OPEC DEAL DELAYED UNTIL SOMETIME MONDAY PERHAPS
la forge
03/7/2021
07:43
OPEC DEAL DELAYED UNTIL SOMETIME MONDAY PERHAPS
la forge
02/7/2021
15:54
Https://www.cnbc.com/2021/07/02/opec-meeting-oil-output-policy-decision-in-focus-as-prices-rise.html
waldron
02/7/2021
15:52
Https://www.cnbc.com/2021/07/02/opec-meeting-oil-output-policy-decision-in-focus-as-prices-rise.html
waldron
02/7/2021
08:32
Https://www.cnbc.com/2021/07/02/oil-prices-analysts-on-the-outlook-for-crude-after-strong-first-half.html
la forge
02/7/2021
08:30
Https://www.cnbc.com/2021/07/02/oil-prices-analysts-on-the-outlook-for-crude-after-strong-first-half.html
la forge
02/7/2021
07:00
European stocks set for slightly higher open as investors await U.S. jobs report Published Fri, Jul 2 20211:15 AM EDT Elliot Smith @ElliotSmithCNBC Key Points Economists expect U.S. nonfarm payrolls to have grown by 706,000 jobs in June, with the unemployment rate falling from 5.8% to 5.6%, according to a Dow Jones survey. Though the headline jobs figure is a key economic indicator, traders will likely be scrutinizing the change in average hourly earnings for any sudden uptick in wages. European markets are heading for a cautiously higher open on Friday as investors look ahead to a closely-watched U.S. jobs report due later in the day. Britain’s FTSE 100 is seen around 18 points higher at 7,142, Germany’s DAX is set to climb around 24 points to 15,628 and France’s CAC 40 is expected to add around 18 points to 6,572, according to IG data.
waldron
02/7/2021
06:59
European stocks set for slightly higher open as investors await U.S. jobs report Published Fri, Jul 2 20211:15 AM EDT Elliot Smith @ElliotSmithCNBC Key Points Economists expect U.S. nonfarm payrolls to have grown by 706,000 jobs in June, with the unemployment rate falling from 5.8% to 5.6%, according to a Dow Jones survey. Though the headline jobs figure is a key economic indicator, traders will likely be scrutinizing the change in average hourly earnings for any sudden uptick in wages. European markets are heading for a cautiously higher open on Friday as investors look ahead to a closely-watched U.S. jobs report due later in the day. Britain’s FTSE 100 is seen around 18 points higher at 7,142, Germany’s DAX is set to climb around 24 points to 15,628 and France’s CAC 40 is expected to add around 18 points to 6,572, according to IG data.
waldron
01/7/2021
13:53
Crude moved to $77
optomistic
01/7/2021
07:12
CNBC European markets set to edge higher amid cautious start to the second half Published Thu, Jul 1 20211:38 AM EDT Elliot Smith @ElliotSmithCNBC Key Points The pan-European Stoxx 600 closed out its fifth straight positive month on Wednesday, and starts the second half up 13.49% year-to-date. Global investors will have an eye on the latest weekly jobless claims data out of the U.S. at 1:30 p.m. London time on Thursday. June’s manufacturing PMI (purchasing managers’ index) readings are due out of the euro zone and U.K. on Thursday morning. European markets are set for a slightly higher open on Thursday as global investors make a cautious start to the second half of 2021. Britain’s FTSE 100 is seen opening around 18 points higher at 7,055, Germany’s DAX is expected to add around 67 points to 15,598 and France’s CAC 40 is set to climb around 35 points to 6,543, according to IG data. The pan-European Stoxx 600 closed out its fifth straight positive month on Wednesday, and starts the second half up 13.49% year-to-date. PUBLICITÉ The mildly optimistic open expected in Europe diverges from the overnight trend in Asia-Pacific, where markets pulled back as a private survey showed Chinese factory activity growth slowing in June. Asian markets are also being weighed down by concerns about a rise in coronavirus infections and fresh lockdowns in the region.
waldron
01/7/2021
07:11
CNBC European markets set to edge higher amid cautious start to the second half Published Thu, Jul 1 20211:38 AM EDT Elliot Smith @ElliotSmithCNBC Key Points The pan-European Stoxx 600 closed out its fifth straight positive month on Wednesday, and starts the second half up 13.49% year-to-date. Global investors will have an eye on the latest weekly jobless claims data out of the U.S. at 1:30 p.m. London time on Thursday. June’s manufacturing PMI (purchasing managers’ index) readings are due out of the euro zone and U.K. on Thursday morning. European markets are set for a slightly higher open on Thursday as global investors make a cautious start to the second half of 2021. Britain’s FTSE 100 is seen opening around 18 points higher at 7,055, Germany’s DAX is expected to add around 67 points to 15,598 and France’s CAC 40 is set to climb around 35 points to 6,543, according to IG data. The pan-European Stoxx 600 closed out its fifth straight positive month on Wednesday, and starts the second half up 13.49% year-to-date. PUBLICITÉ The mildly optimistic open expected in Europe diverges from the overnight trend in Asia-Pacific, where markets pulled back as a private survey showed Chinese factory activity growth slowing in June. Asian markets are also being weighed down by concerns about a rise in coronavirus infections and fresh lockdowns in the region.
waldron
30/6/2021
10:34
Fill your boots. 53 coming soon😂㊃5;😂
norma_noog
30/6/2021
08:05
European stocks head for cautious open to end positive first half of the year Published Wed, Jun 30 20211:02 AM EDT Elliot Smith @ElliotSmithCNBC Key Points European investors will be monitoring a host of economic data on Wednesday, including U.K. first-quarter GDP growth figures and a raft of French, Italian and wider euro zone inflation prints. Global markets are also looking ahead to potentially significant U.S. labor market data later in the week. European stocks are set for a muted open on Wednesday, with global markets looking to close out a positive first half of the year. Britain’s FTSE 100 is seen around 7 points higher at 7,095, Germany’s DAX is expected to climb around 12 points to 15,703 and France’s CAC 40 is set too gain around 8 points to 6,575, according to IG data.
waldron
30/6/2021
08:04
European stocks head for cautious open to end positive first half of the year Published Wed, Jun 30 20211:02 AM EDT Elliot Smith @ElliotSmithCNBC Key Points European investors will be monitoring a host of economic data on Wednesday, including U.K. first-quarter GDP growth figures and a raft of French, Italian and wider euro zone inflation prints. Global markets are also looking ahead to potentially significant U.S. labor market data later in the week. European stocks are set for a muted open on Wednesday, with global markets looking to close out a positive first half of the year. Britain’s FTSE 100 is seen around 7 points higher at 7,095, Germany’s DAX is expected to climb around 12 points to 15,703 and France’s CAC 40 is set too gain around 8 points to 6,575, according to IG data.
waldron
29/6/2021
12:51
Centrica 52 +0.42%
maywillow
29/6/2021
12:49
Centrica 52 +0.42%
maywillow
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