Royal Dutch Shell Share Discussion Threads

[ariane] 13/7/2020 09:05

Oil Down with Potential Supply Cut Easing Expected at Wednesday’s OPEC Meeting Commodities 3 hours ago (Jul 12, 2020 11:59PM ET) By Bryan Wong Investing.com- Oil was down on Monday morning in Asia, ahead of OPEC’s technical meeting on Wednesday. Investors are expecting OPEC to recommend an easing in existing supply cuts that could reverse oil gains. “The planned easing of OPEC+ production cuts next month and a potential rebound in U.S. production could add pressure on the supply side of the equation,” Stephen Innes, chief global markets strategist at AxiCorp warned in a note. Brent oil futures dropped 0.74% to $42.92 by 11:58 PM ET (4:58 AM GMT) while WTI futures slid 0.81% to $40.22. Oil was up more than 2% on Friday after the International Energy Agency revised its 2020 oil demand upwards by 400,000 barrels per day. However, a worsening COVID-19 situation globally on top of the upcoming OPEC meeting saw the black liquid reverse Friday’s gains. There was also a record increase in global COVID-19 cases on July 12 with a total of 230,370 new cases in 24 hours, according to the World Health Organization (WHO). The hardest hit countries include some of the largest oil consumers such as the U.S., Brazil, India and South Africa, which is expected to further dampen demand. Investors are also looking to the American Petroleum Institute (API)’s upcoming estimate of crude oil supply on Tuesday to assess the risk of an oversupply. Oil Down with Potential Supply Cut Easing Expected at Wednesday’s OPEC Meeting

[florenceorbis] 13/7/2020 08:30

Https://investing.thisismoney.co.uk/broker-views/index/date/13-07-2020

[waldron] 10/7/2020 17:31

Brent Crude Oil NYMEX 42.99 +1.51% Gasoline NYMEX 1.25 +1.79% Natural Gas NYMEX 1.86 +2.37% WTI 40.18 USD +1.45% FTSE 100 6,095.41 +0.76% Dow Jones 25,909.21 +0.79% CAC 40 4,970.48 +1.01% SBF 120 3,914.62 +1.03% Euro STOXX 50 3,296.22 +1.00% DAX 12,633.71 +1.15% Ftse Mib 19,754.71 +1.28% Eni 8.492 +0.69% Total 33.32 +0.48% Engie 10.93 +1.20% Orange 10.495 +0.86% Bp 290.8 +0.28% Vodafone 123.42 +0.64% Royal Dutch Shell A 1,246.4 +1.23% Royal Dutch Shell B 1,188.8 +0.64% TULLOW OIL Price (GBX) 29.96 -4.01%

[florenceorbis] 10/7/2020 08:00

Https://investing.thisismoney.co.uk/broker-views/index/date/10-07-2020

[waldron] 09/7/2020 17:30

Brent Crude Oil NYMEX 42.57 -1.64% Gasoline NYMEX 1.24 -2.20% Natural Gas NYMEX 1.86 -0.32% WTI 39.825 USD -2.52% FTSE 100 6,049.62 -1.73% Dow Jones 25,635.4 -1.66% CAC 40 4,921.01 -1.21% SBF 120 3,874.77 -1.27% Euro STOXX 50 3,261.17 -0.76% DAX 12,489.46 -0.04% Ftse Mib 19,536.93 -1.82% Eni 8.434 -3.04% Total 33.16 -3.27% Engie 10.8 -4.26% OrangeBp 290 -4.43% Vodafone 122.64 -2.11% Royal Dutch Shell A 1,231.2 -3.72% Royal Dutch Shell B 1,181.2 -3.58% TULLOW OIL Price (GBX) 31.21 -2.92%

[florenceorbis] 09/7/2020 06:41

Https://investing.thisismoney.co.uk/broker-views/index/date/09-07-2020

[waldron] 08/7/2020 18:24

Brent Crude Oil NYMEX 43.04 +0.37% Gasoline NYMEX 1.28 +0.42% Natural Gas NYMEX 1.89 -2.83% WTI 40.895 USD +1.35% FTSE 100 6,156.16 -0.55% Dow Jones 25,894.48 +0.02% CAC 40 4,981.13 -1.24% SBF 120 3,924.69 -1.20% Euro STOXX 50 3,286.09 -1.18% DAX 12,494.81 -0.97% Ftse Mib 19,890.25 -0.61% Eni 8.698 -1.38% Total 34.28 -1.17% Engie 11.28 -0.22% Orange 10.565 -1.49% Bp 303.45 -1.59% Vodafone 125.28 -1.37% Royal Dutch Shell A 1,278.8 -1.36% Royal Dutch Shell B 1,225 -1.02% TULLOW OIL Price (GBX)32.15 +1.26%

[la forge] 08/7/2020 08:27

Https://www.marketscreener.com/news/Coronavirus-pain-drives-Big-Oil-s-dash-for-record-debt--30887270/

[florenceorbis] 08/7/2020 07:12

Https://investing.thisismoney.co.uk/broker-views/index/date/08-07-2020

[waldron] 07/7/2020 17:26

Brent Crude Oil NYMEX 43.36 +0.67% Gasoline NYMEX 1.27 +2.41% Natural Gas NYMEX 1.99 +4.97% WTI 40.765 USD +0.30% FTSE 100 6,189.9 -1.53% Dow Jones 26,102.98 -0.70% CAC 40 5,043.73 -0.74% SBF 120 3,972.4 -0.75% Euro STOXX 50 3,325.49 -0.87% DAX 12,616.8 -0.92% Ftse Mib 20,027.63 -0.02% Eni 8.82 +0.71% Total 34.685 -1.14% Engie 11.305 -0.88% Orange 10.725 -2.05% Bp 308.35 -1.41% Vodafone 127.02 -2.47% Royal Dutch Shell A 1,296.4 -1.86% Royal Dutch Shell B 1,237.6 -2.07% TULLOW OIL Price (GBX) 31.75 -4.14%

[florenceorbis] 07/7/2020 07:36

Https://investing.thisismoney.co.uk/broker-views/index/date/07-07-2020

[waldron] 06/7/2020 17:56

Brent Crude Oil NYMEX 43.19 +0.86% Gasoline NYMEX 1.24 -0.07% Natural Gas NYMEX 1.85 +2.84% WTI 40.615 USD +0.58% FTSE 100 6,285.94 +2.09% Dow Jones 26,158.29 +1.28% CAC 40 5,081.51 +1.49% SBF 120 4,002.46 +1.50% Euro STOXX 50 3,350.03 +1.91% DAX 12,733.45 +1.64% Ftse Mib 20,055.45 +1.67% Eni 8.758 +0.97% Total 35.085 +1.28% Engie 11.405 +0.18% Orange 10.95 +1.96% Bp 312.75 +1.69% Vodafone 130.24 +0.46% Royal Dutch Shell A 1,321 +1.69% Royal Dutch Shell B 1,263.8 +2.38 TULLOW OIL Price (GBX)33.12 + 6.87%

[florenceorbis] 06/7/2020 07:05

Https://investing.thisismoney.co.uk/broker-views/index/date/06-07-2020

[sarkasm] 05/7/2020 07:42

Https://www.bnnbloomberg.ca/lost-in-oil-s-rally-2-trillion-a-year-refining-industry-crisis-1.1460717 Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis Barbara Powell and Jack Wittels, Bloomberg News (Bloomberg) -- Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry today is in pain like never before. “Refining margins are absolutely catastrophic,” Patrick Pouyanne, the head of Europe’s top oil refining group Total SA, told investors last month, echoing a widely held view among executives, traders and analysts. What happens to the oil refining industry at this juncture will have ripple effects across the rest of the energy industry. The multi-billion-dollar plants employ thousands of people and a wave of closures and bankruptcies looms. “We believe we are entering into an ‘age of consolidation’ for the refining industry,” said Nikhil Bhandari, refining analyst at Goldman Sachs Inc. The top names of the industry, which collectively processed well over $2 trillion worth of oil last year, are giants such as Exxon Mobil Corp. and Royal Dutch Shell Plc. There are also Asian behemoths like Sinopec of China and Indian Oil Corp., as well as large independents like Marathon Petroleum Corp. and Valero Energy Corp. with their ubiquitous fuel stations. The problem for the refiners is that what’s killing them is the medicine that’s saving the wider petroleum industry. When U.S. President Donald Trump engineered record oil production cuts between Saudi Arabia, Russia and the rest of the OPEC+ alliance in April, he may have saved the U.S. shale industry in Texas, Oklahoma and North Dakota, but he squeezed refiners. A refinery’s economics are ultimately simple: it thrives on the price difference between crude oil and fuels like gasoline, earning a profit that’s known in the industry as a cracking margin. The cuts that Trump brokered lifted crude prices, with benchmark Brent crude soaring from $16 to $42 a barrel in the space of a few months. But with demand still in the doldrums, gasoline and other refined products prices haven’t recovered as strongly, hurting the refiners. The industry’s most rudimentary measure of refining profit, known as a 3-2-1 crack spread (it assumes three barrels of crude makes two of gasoline and one of diesel-like fuels), has slumped to its lowest level for the time of the year since 2010. Summer is normally a good period for refiners because demand rises with consumers hitting the road for their vacations. This time, however, some plants are actually losing money when they process a barrel of crude. Worst Fear Just a few weeks ago, the outlook appeared to be improving for the world’s biggest oil consumers. Demand in China was almost back to pre-virus levels and U.S. consumption was gradually rebounding. Now, a second wave of infections has prompted Beijing to lock down hundreds of thousands of residents. Covid-19 cases are also on the rise in Latin America and elsewhere. With demand in the U.S. now showing signs of heading south again as coronavirus cases flare up in top gasoline-consuming regions including Texas, Florida and California, the margins are at risk of deteriorating in America, which accounts for nearly two in each ten barrels of oil refined worldwide. “The worst fear for refiners is a resurgence of the virus and another series of lockdowns around the world that would again significantly impact demand,” said Andy Lipow, president of Lipow Oil Associates in Houston. Another problem is that -- where it has been recovering -- the demand pickup has been uneven from one refined product to the next, creating significant headaches for executives who need to select the best crudes to purchase, and the right fuels to churn out. Gasoline and diesel consumption has surged back, in some cases to 90% of their normal level, but jet-fuel remains nearly as depressed as at the nadir of the coronavirus lockdowns, running at just 10% to 20% of normal in some European countries. Refiners had resolved the problem by blending much of their jet-fuel output into, effectively, diesel. But that, in turn, is creating a new challenge: too much of so-called middle distillates like diesel and heating oil. “Right now gasoline demand is barely keeping some plants alive,” said Stephen Wolfe, head of crude oil at consultant Energy Aspects Ltd. “And with jet production shifting over to diesel and gasoline production, that puts even more strain on product supply,” he added. In the U.S. refining belt, processing rates are being continually tweaked in response to potential fluctuations in demand. In April, during the height of U.S. lockdowns, Valero Energy Corp.’s McKee, Texas, refinery cut rates to about 70%. It then raised processing to near 79% in anticipation of the Memorial Day holiday, before finding a new low of 62% by mid June, according to people familiar with the situation. Ultimately, if refiners don’t make money, they buy less crude, potentially capping the oil-price recovery of the past few months for Brent and other benchmarks. Even so, the actions of Saudi Arabia, Russia and the rest of the OPEC+ group suggest that refiners will remain squeezed for longer, with oil prices outpacing the recovery in fuel prices. The immediate problem is compounded by a longer-term trend: the industry has probably overbuilt over the last decades, and older plants in places like Europe and the U.S. can’t compete with new ones popping up in China and elsewhere in the world. “Refinery margins in the next five years are going to be worse than the average for the last five years, and particularly bad in Europe,” said Spencer Welch, vice president of oil markets and downstream consulting at IHS Markit. “We already thought that refining was in for a tough time, even more so now.” Catalyst for Change The weakness means that the industry’s collective earnings will plunge to just $40 billion this year, down from $130 billion in 2018, according to an estimate from industry consultant Wood Mackenzie Ltd. of 550 refineries around the world. That could be a catalyst for change. The demand hit from the virus is yet to cause any delays in a number of mega-refining projects, most of which are in China and the Middle East, that will start operations from 2021 to 2024, according to the analysts at Goldman Sachs. This will cause global utilization rates to be 3% lower over this period than in 2019. Plants are more likely to close in developed countries because the bulk of demand -- and new refining capacity -- is in developing nations, they said. Many of the refineries that are being built in the Middle East and China will also get government backing, a fact that only makes life more challenging for the plants in Europe and the U.S. The industry is already moving to resolve the overcapacity: oil trader Gunvor Group Ltd. has said it may mothball its refinery in Antwerp, and U.S. refining group HollyFrontier Corp. in June announced it was changing its Cheyenne plant from processing crude oil into a renewable diesel facility. For now though, there’s a more mundane reality to deal with: the market. OPEC and its allies can constrain the supply of crude -- squeezing refiners -- but they can’t make end users consume fuel.

[waldron] 03/7/2020 17:50

Brent Crude Oil NYMEX 42.74 -0.07% Gasoline NYMEX 1.25 +0.45% Natural Gas NYMEX 1.80 +1.07% WTI 40.18 USD -0.07% FTSE 100 6,157.3 -1.33% Dow Jones 25,827.36 +0.36% CAC 40 5,007.14 -0.84% SBF 120 3,943.47 -0.75% Euro STOXX 50 3,294.38 -0.77% DAX 12,528.18 -0.64% Ftse Mib 19,677.74 -1.05% Eni 8.674 -0.53% Total 34.64 -0.59% Engie 11.385 +0.13% Orange 10.74 -0.79% Bp 307.55 -1.82% Vodafone 129.64 +0.12% Royal Dutch Shell A 1,299 -1.01% Royal Dutch Shell B 1,234.4 -0.95% TULLOW OIL Price (GBX)30.99 -2.49%

[florenceorbis] 03/7/2020 07:24

Oil industry impairments to continue as coronavirus hastens corporate re-think Oil & Gas By Andrew Fawthrop 02 Jul 2020 Analysts expect oil and gas industry impairments to continue after coronavirus pressures prompted Shell and BP into multi-billion-dollar asset write-downs Shell wikimedia commons Raysonho Shell announced a portfolio write-down of up to $22bn this week (Credit: Wikimedia Commons/Raysonho) More large-scale impairment charges are to be expected across the oil and gas industry, as companies come to terms with a new market environment after coronavirus, say analysts. The forecast follows Royal Dutch Shell’s warning this week that up to $22bn could be wiped from the value of its assets after it cut its long-term fuel-price outlook – in a similar move to that of European rival BP, which last month announced a portfolio write-down of up to $17.5bn. Commodity prices have nosedived during the pandemic amid falling worldwide demand, and as the clamour for a renewables-led recovery grows stronger, Shell has lowered its long-term price outlook for the Brent crude benchmark to $60 per barrel. Oil prices have recovered slightly to around $40 per barrel since the dismal months of April and May – largely as a result of global efforts to curtail production and slowly-returning demand as countries begin to loosen lockdown restrictions. Shell estimates Henry Hub natural gas prices of $3 per million British thermal units (Btu) beyond 2023, while its long-term refining profit margin outlook was cut by 30%. The adjustments have led the Anglo-Dutch oil major to anticipate “post-tax impairment charges in the range of $15bn to $22bn” during the second quarter of this year. “This process has further to run, and we expect further large impairments to occur across the sector,” said Wood Mackenzie’s upstream research director Angus Rodger. “The major oil companies are going through a process of reassessing long-term oil price assumptions and investment hurdle rates.” Oil industry faces a ‘pivotal moment’ as coronavirus accelerates calls for green transition Both Shell and BP have announced plans to accelerate their transition to net-zero by 2050, strategies that involve reviewing existing business models under the lens of shifting energy demands and consumption habits. BP chief executive Bernard Looney recently identified a “pivotal moment” for energy firms as efforts intensify to avoid falling into a climate crisis. Analysis from Rystad Energy suggests the Covid-19 pandemic will hasten the timeframe of peak oil demand, with reduced capital spending plans among producers “putting a lid on exploration efforts in remote offshore areas”, reducing the world’s recoverable oil by around 282 billion barrels. Wood Mackenzie’s vice president of corporate analysis, Luke Parker, believes these renewed price assessments and portfolio adjustments from Shell and BP signal a “fundamental change” sweeping through the sector, delivering “a message about stranded assets”. He said: “Just a few years ago, few within the oil and gas industry would even countenance ideas of climate risk, peak demand, stranded assets, liquidation business models and so on. Today, companies are building strategies around these ideas,” he said. “Demand might still grow from here, and many companies are still chasing a share of that growth. But make no mistake, the corporate landscape is changing, and the majors are changing with it.”

[florenceorbis] 03/7/2020 06:44

Https://investing.thisismoney.co.uk/broker-views/index/date/03-07-2020

[misca2] 02/7/2020 20:02

Https://seekingalpha.com/article/4356797-may-get-worse-shells-on-right-track?utm_medium=email&utm_source=seeking_alpha#alt2&mail_subject=rds-a-royal-dutch-shell-is-the-most-undervalued-energy-company&utm_campaign=rta-stock-article&utm_content=link-2

[waldron] 02/7/2020 18:24

Brent Crude Oil NYMEX 42.64 +1.67% Gasoline NYMEX 1.24 +1.96% Natural Gas NYMEX 1.77 +1.60% WTI 40.145 USD +1.62% FTSE 100 6,240.36 +1.34% Dow Jones 25,969.35 +0.91% CAC 40 5,049.38 +2.49% SBF 120 3,973.24 +2.42% Euro STOXX 50 3,320.09 +2.95% DAX 12,608.46 +2.84% Ftse Mib 19,878.78 +2.83% Eni 8.72 +2.89% Total 34.845 +2.01% Engie 11.37 +4.07% Orange 10.825 +2.12% Bp 313.25 +1.26% Vodafone 129.48 +1.28% Royal Dutch Shell A 1,312.2 +0.58% Royal Dutch Shell B 1,246.2 +0.81% TULLOW OIL Price (GBX)31.78 +2.55%

[florenceorbis] 02/7/2020 07:57

RDSB Barclays Capital Equal weight 1,500.00 Reiterates RDSA Barclays Capital Equal weight 1,500.00 - Reiterates BP. Barclays Capital Overweight 400.00 - Reiterates

[florenceorbis] 02/7/2020 07:47

Https://investing.thisismoney.co.uk/broker-views/index/date/02-07-2020

[waldron] 01/7/2020 17:38

Brent Crude Oil NYMEX 41.93 +0.62% Gasoline NYMEX 1.21 -0.64% Natural Gas NYMEX 1.72 -3.96% (WTI) 39.745 USD +0.51% FTSE 100 6,157.96 -0.19% Dow Jones 25,825.94 +0.05% CAC 40 4,926.94 -0.18% SBF 120 3,879.44 -0.12% Euro STOXX 50 3,228.45 -0.37% DAX 12,260.57 -0.41% Ftse Mib 19,304.88 -0.36% Eni 8.475 -0.18% Total 34.16 +0.54% Engie 10.925 -0.68% Orange 10.6 -0.42% Bp 309.35 +0.70% Vodafone 127.84 -0.79% Royal Dutch Shell A 1,304.6 +1.37% Royal Dutch Shell B 1,236.2 +1.00% TULLOW OIL Price (GBX)30.99 -2.24%

[maywillow] 01/7/2020 12:34

RDSB Goldman Sachs Buy down from 1,850.00 to 1,810.00 Reiterates BP. Goldman Sachs Conviction Buy down from 550.00 to 530.00 Reiterates RDSA UBS Buy 1,750.00 - Unchanged RDSA Jefferies International Hold 1,150.00 - Reiterates THE EXTREMES OF BROKERS