Gulf Keystone Petroleum Share Discussion Threads

[withoutt] 05/10/2022 14:55

OPEC+ cuts 2m bbl
Tidy ATB

[nufc9] 05/10/2022 14:46

i wish the bloody opec meeting was next week instead of 2 days before our dividend lands.....

[johnbuysghost] 05/10/2022 14:31

SP about to take off imo.

[giant_canine] 05/10/2022 14:17

2m opec cut

[johnbuysghost] 05/10/2022 14:13

Next divi paid on Friday and loads more free shares for longs.

[punter26] 05/10/2022 12:26

"A cut of 1.8 million will be discussed- delegates #OOTT #opec"

Amena Bakr, Chief Opec Correspondent & Deputy Bureau Chief @energyintel 5/10/22

[highlander7] 05/10/2022 12:24

"The White House is up in arms to try and prevent a potentially major production cut in OPEC+ just a month before midterm elections when the current administration least needs higher prices at the pump"

Which is why MBS is doing it now. He wants the Republicans /Trump back in control.

You dont go around publically accusing people like MBS of killing journalists. Regardless of the probability that he knew about it.

Biden is a not very smart clown.

However its bound to put the focus on Kurdistan with its huge oil and gas reserves.

H7

[giant_canine] 05/10/2022 12:07

Sleepy Joe hopefully going to be very unhappy - sleepy Condog should be waking up across the pond to start work soon.....

[beernut] 05/10/2022 11:13

The White House Is In A Panic To Stop The OPEC+ Production Cut

By Irina Slav - Oct 05, 2022, 12:55 AM CDT

The White House is up in arms to try and prevent a potentially major production cut in OPEC+ just a month before midterm elections when the current administration least needs higher prices at the pump.

According to a CNN report, all available human resources in the administration have been mobilized, with the White House “having a spasm and panicking,” per one unnamed official.

According to the latest reports on OPEC+, the extended cartel is considering a production cut as deep as 2 million barrels daily. This would be the biggest cut in production since the first pandemic year when lockdowns destroyed demand.

[beernut] 05/10/2022 11:09

Federal Court Decision Creates New Opportunities In Iraqi Oil

By Simon Watkins - Oct 04, 2022, 7:00 PM CDT
Iraq’s Federal Supreme Court has invalidated the decision of Iraq’s government to establish the Iraqi National Oil Company.
The FSC has reopened the way for new investment from international oil companies (IOCs) into Iraq.
New investment from IOCs into the Iraqi oil sector could bring the country a step closer to its long term production goals.
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Iraq’s Federal Supreme Court (FSC) has invalidated the decision of Iraq’s government to establish the Iraqi National Oil Company (INOC) on the basis that several of its founding clauses are in breach of the constitution, according to local news sources. Previous iterations of INOC have been focal points for the corruption that permeates Iraq’s oil sector and there was every sign that this latest version would be the same. In cancelling this toxic idea, the FSC has reopened the way for new investment from international oil companies (IOCs) into Iraq, most notably the US$27 billion four-pronged deal from TotalEnergies. Back in February, before the idea for the new iteration of INOC had truly gathered momentum, TotalEnergies had stated that it was ready to move into the ‘execution phase’ of the US$27 billion deal that it had agreed with Iraq’s Ministry of Oil (MoO) within the following three months. At around the same time, though – cynics might say precisely because of the massive opportunity for self-enrichment for those connected to INOC from a fresh US$27 billion floating around in the oil and gas sector – the push to get INOC up and running began in earnest. It quickly became clear that one does not get to become a senior figure in France’s leading oil and gas company by being as stupid as seems to be the minimum requirement to secure a senior position in INOC, with TotalEnergies refusing to partner with INOC due to the lack of clarity on the legal status of the company. In layman’s terms, the French oil and gas behemoth did not trust INOC as far as it could throw it.

[punter26] 05/10/2022 10:09

"The world needs to accept that demand for oil will keep rising, says UBS
Giovanni Staunovo of UBS Wealth Management says there needs to be more investment in new oil production to ensure that the market stays in balance".

CNBC 10/5/2022

[punter26] 05/10/2022 10:03

Goldman Sachs' Jeff Currie on OPEC+: 'The old oil order is back'

CNBC Oct 3, 2022


Jeff Currie, Goldman Sachs global head of commodities, joins CNBC's 'Squawk Box' to weigh in on OPEC+'s upcoming in-person meeting and what it means for energy markets.

[giant_canine] 05/10/2022 09:25

Well they have actually been paying AHEAD of time for past 4 months, so fair play.I suspect the takeover deal is very close TBA. New NED appointment July 1, straight onto the the risk and audit committee that recommends suitable offer to the board , I'd expect announced soon.

[elcapitano100] 05/10/2022 09:15

I see the KRG are up to their old tricks - last (monthly)payment was on Aug 25..

[shortsqueezer] 05/10/2022 07:30

Later reported buy 290271. Nice

[highlander7] 05/10/2022 06:19

All it takes is investors to figure out whats going to happen if Kurdistan becomes a major oil producer to Europe and the UK. But it wont be able to fast track that unless it gets help from Global Oil Companies.

However we need the USA to bang heads and we may very well get that in the forthcoming US elections when the Republicans ( and Trump) take back control.

H7

[nufc9] 04/10/2022 20:28

“Oil and gas

Furthermore, the Russian official welcomed the resumption of dialogue between “Baghdad and the autonomous Kurdistan Region that should address their current contradictions, mainly in the oil and gas area.”

Iraq’s Federal Court in February said the Kurdish oil and gas “unconstitutional”, a a claim the Kurdish authorities have strongly rejected, and described as “politically motivated”.

However, the Kurdistan Regional Government (KRG) has repeatedly underlined they are open to dialogue with Baghdad to solve their disputes according to the Iraqi constitution.

“We are convinced that further settlement will help respond to challenges of ethnic and confessional nature and engage the economic potential effectively in the interests of the entire Iraqi nation,” Polyanskiy concluded.”

hxxps://www.kurdistan24.net/en/story/29638-Russia-concerned-over-military-escalation-in-the-Kurdistan-Region

[beernut] 04/10/2022 17:11

Oil Prices Jump As OPEC+ Considers 2 Million Bpd Production Cut

By Julianne Geiger - Oct 04, 2022, 10:45 AM CDT
Anonymous OPEC delegates: OPEC+ may consider 2 million bpd production cuts.
Despite the growing worry of a severe global recession and the impact that would have on oil demand, the OPEC+ group feels that the markets are largely ignoring market fundamentals.
Brent soared to $92 per barrel on the news of a larger-than-expected OPEC+ output cut.
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OPEC+ may be considering an even larger cut than previously reported—at up to 2 million bpd, anonymous delegates told media on Tuesday.

As OPEC+ prepares to meet this Wednesday to discuss its oil production plans for November, it is assessing the state of the oil markets—and the current state of oil prices which began to fall in June near levels that some OPEC+ members could find unacceptable.

Despite the growing worry of a severe global recession and the impact that would have on oil demand, the OPEC+ group feels that the markets are largely ignoring market fundamentals. Nevertheless, OPEC+ is considering a hefty production cut—an even heftier one that it was reportedly considering previously.

[nufc9] 04/10/2022 15:53

Top Oil Traders Expect Unhindered Demand Despite Economic Uncertainty


Top oil traders at the Argus European Crude Conference in Geneva on Tuesday said economic turbulent have yet to significantly take away the demand by global economy for oil.

The world’s main commodity trading houses senior Executives’ projection may support the situation for more resilient oil prices that was plunged due to the effect of recession which led to drop of about a quarter in the last three months close to $90 per barrel.

“All the different factors suggest, yes, we may be heading into a slowdown but it will be shorter and shallower than people are expecting,” Trafigura’s chief economist Saad Rahim stated.

“Oil demand … if you look at the latest data, it’s still doing OK. We were expecting some demand destruction, it did not really happen. Some countries had subsidies but still. We have been surprised,” he added.

Laserre added “we expect a visible impact on gas demand as the switch from gas to oil accelerates in Q4 and Q1.

“Brent crude ought to stay above $75 a barrel at the end of next year”, Rahim and Lasserre said.

[jack ladd] 04/10/2022 15:53

Brent Crude @ 91.5