Shell Share Discussion Threads

[xxxxxy] 18/5/2021 07:34

Net zero means no new oil and gas fields, warns IEAIEA calls for abrupt halt to fossil fuel era as it warns demand must fall by 75pc to attain climate goalsByRachel Millard18 May 2021 • 6:00amThe age of oil and gas exploration is already over and no new fields will need to be developed if the world succeeds in bringing global warming under control, the International Energy Agency has said.In a landmark report on the path to net zero carbon emissions by 2050, the organisation (IEA) says that oil demand will need to drop by 75pc over the next three decades - rendering the need to exploit new reserves obsolete. No further coal mines will be needed either.Its forecasts suggest that the age of fossil fuels is coming to an abrupt end, and could raise fresh fears that investors have ploughed billions of pounds into worthless oil and gas projects.The IEA - whose 30 member states include the UK, US, Germany and France but not China, the biggest carbon emitter - also calls for a worldwide ban on new petrol and diesel cars from 2035, and says that a dramatic increase in solar power will be needed to turbocharge the green revolution..... Full article.... Daily Telegraph

[gary38] 17/5/2021 21:44

  ? Supreme Court Rules for Oil-and-Gas Companies Fighting Climate LawsuitIntraday Royal Dutch Shell Chart?17/05/2021 6:46pmDow Jones NewsBy Brent KendallWASHINGTON -- The Supreme Court handed the city of Baltimore a preliminary setback in its bid to sue more than 20 multinational oil-and-gas companies on allegations they contributed to climate change and misled the public.Baltimore filed the 2018 lawsuit in Maryland state court, alleging energy companies failed to warn the public about the dangers of their products. The city says it has suffered climate-change-related injuries, including from rising sea levels and extreme weather, and seeks to recover monetary damages. Other state and local governments have filed similar lawsuits.The defendants fighting such claims include BP PLC, Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC. They sought to move Baltimore's case to federal court, which they argued is a more appropriate venue with fairer procedural protections. The companies said the case belonged in the federal system because some of their oil-and-gas exploration efforts have come at the behest of the federal government.A federal trial judge denied the request in 2019 and last year a federal appeals court said it was largely powerless to consider moving the case out of the state system.The high court, in a 7-1 opinion by Justice Neil Gorsuch, on Monday said that decision was incorrect. In a highly technical ruling, the Supreme Court sent the case back to a federal appeals court for further proceedings. The justices said nothing about the substance of the case.Only Justice Sonia Sotomayor dissented. Justice Samuel Alito didn't participate in the case. His public financial disclosures indicate that he has investment holdings in the energy sector that would prohibit him from considering the lawsuit.Write to Brent Kendall at [e-mail]

[waldron] 17/5/2021 07:22

17 May 2021 | 03:04 UTC Singapore

Crude oil futures higher but upside limited by coronavirus concerns

Author Rohan Gupta Editor Norazlina Jumaat Commodity Oil

Singapore — 0303 GMT: Crude oil futures were slightly higher during mid-morning Asian trade May 17, but any upside was limited by concerns over renewed coronavirus-related mobility restrictions in the region.



At 11:03 am Singapore time (0303 GMT), the ICE Brent July contract was up 34 cents/b (0.49%) from the May 14 settle at $69.05/b, while the June NYMEX light sweet crude contract was up 31 cents/b (0.47%) at $65.68/b.

[waldron] 17/5/2021 06:57

European markets set for shaky start to the new trading week; inflation, Covid in focus

Published Mon, May 17 20211:14 AM EDT

Holly Ellyatt
@HollyEllyatt

Key Points

European stocks are expected to open flat to higher on Monday as global investors weigh a rise in coronavirus cases, largely attributed to the spread of a variant that emerged in India.

London’s FTSE is seen opening 4 points higher at 7,048, Germany’s DAX down 2 points at 15,410 and France’s CAC 40 up 20 points at 6,396, according to IG.

[fjgooner] 14/5/2021 23:08

And the relentless march of vaccination programs, helping the world to reset to normality.

How's this for progress:

15th March
The biggest vaccination campaign in history is underway. More than 413 million doses have been administered across 132 countries, according to data collected by Bloomberg. The latest rate was roughly 9.94 million doses a day.

Today
The biggest vaccination campaign in history is underway. More than 1.41 billion doses have been administered across 176 countries, according to data collected by Bloomberg. The latest rate was roughly 22.7 million doses a day.

[the white house] 14/5/2021 07:54

Cheap as chips;Gas steady at 50pc higher than a year back...

[waldron] 14/5/2021 07:25

European stocks set to open higher as global markets rebound

Published Fri, May 14 20212:11 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

Market volatility this week was exacerbated by a 4.2% jump in the U.S. Consumer Price Index for April, its fastest annual growth rate since 2008.

All three major U.S. indexes broke out of three straight days of selling on Thursday on the back of strong labor market data, with weekly initial jobless claims falling to a 14-month low.

European stocks are set to open higher to finish the week after Wall Street snapped a three-day losing streak on Thursday, having been rocked by inflation concerns in recent sessions.

Britain’s FTSE 100 is seen around 25 points higher at 6,988, Germany’s DAX is set to climb around 69 points to 15,269 and France’s CAC 40 is expected to climb around 35 points to 6,323, according to IG data.

[watfordhornet] 13/5/2021 18:12

Had not realised it was x Divi day today. Not such a train crash then

[xxxxxy] 13/5/2021 17:55

Colonial Pipeline.... T Coveney13 May 2021 4:01PMColonial is 100% at fault, critical systems should never be connected to the internet and was probably due to staff working from home.12LikeReplyRichard Jones13 May 2021 4:34PM@T Coveney While I agree that Colonial clearly failed in their duty of care to their business, there is as yet no published evidence of how the fraud u the criminals a reward simply ensures that they will try other targets, though the feeble tool that the DarkSide mob produced might serve to show other targets that spending on protecting their systems might be wiser than paying out and still having to rebuild the system. Meanwhile, the DarkSide crooks got everything Mr Putin wanted them to get.... Daily Telegraph

[florenceorbis] 13/5/2021 12:33

Ex-dividend date for ADS.A and ADS.B May 13, 2021

Ex-dividend date for RDS A and RDS B May 13, 2021

Record date May 14, 2021

Closing of currency election date (see Note below) May 28, 2021

Pounds sterling and euro equivalents announcement date June 7, 2021

Payment date June 21, 2021

[gateside] 13/5/2021 12:04

Ex dividend today

[xxxxxy] 12/5/2021 19:59

Policy gone BONKERS.

[xxxxxy] 12/5/2021 17:29

Beginnings of common sense maybe.Democracy and Freedom must not be the preserve of the rich Elite

[garth] 12/5/2021 15:47

Rising strong into the end of the day. About time.

G.

[planit2] 12/5/2021 15:11

"Don't panic buy" LOL

US Administration: "it's up to the private company whether they pay the ransom or not" LOL

[husted] 12/5/2021 14:54

1. Hackers shut down oil pipeline
2. No-one cares
3. Pipeline stays shut. People start to kinda care
4. Pipeline says should be open by weekend. People freak anyway
5. Presto: gasoline shortages

[the grumpy old men] 12/5/2021 09:42

The World Has Almost Used Up Its Pandemic Oil Glut, IEA Says
12 May 2021 - 09:31AM
Dow Jones News

By David Hodari



Just over a year after collapsing crude prices forced oil-exporting countries to enact historic production cuts, the supply glut that accrued during the most extreme pandemic restrictions has almost returned to normal levels, the International Energy Agency said Wednesday.

Those observations came in the IEA's closely-scrutinized monthly market report. The agency caveated them by cutting its 2021 global demand growth forecast by 270,000 barrels to 5.4 million barrels a day. Demand in Europe and the Americas in the first quarter was weaker than previously thought, the IEA said. The agency cut its second-quarter forecast for Indian demand as the country struggles with high coronavirus infection rates.

The Paris-based organization left its demand estimates for the second half of the year unchanged, adding that vaccination rollout programs, rebounding economic activity, and easing transport restrictions in the U.S. and Europe clear the way for crude demand to begin outstripping supply later this year.

The agency expects demand to outstrip supply even after the Organization of the Petroleum Exporting Countries and its allies ease their continuing output cuts. The IEA cut its already moderate supply growth forecast for non-alliance producers to roughly half the amount of last year's contraction, while also forecasting a further drop in U.S. production in line with OPEC's forecast this week.

The supply stocks held by the wealthy nations of the Organization for Economic Cooperation and Development slipped to 1.7 million barrels above its five-year average of 2016-2020, the IEA said. "Anticipated supply growth through the rest of this year comes nowhere close to matching our forecast for significantly stronger demand beyond the second quarter," it said.

Oil prices edged higher on Wednesday, with Brent crude--the global benchmark--up 1% at $69.20 a barrel. West Texas Intermediate futures, the U.S. benchmark, were also up 1% at $65.95 a barrel after the American Petroleum Institute released weekly inventory data showing stocks dropped by roughly the amount previously forecast, according to ING analyst Warren Patterson.

Despite the IEA's forecast that the world will resume winnowing its glut of oil from next month, significant risks to the agency's outlook remain in both supply and demand. The market is currently oversupplied.

India continues its battle to keep coronavirus variants at bay. The subcontinent is currently experiencing more than 400,000 new cases a day and its struggle prompted the IEA to cut its second-quarter demand forecast by 13%.

Restrictions are easing and mobility is improving in other Covid-19 problem areas like Brazil, but India's example shows how fragile the post-pandemic economic recovery can be, the IEA said.

While the plans of OPEC and its allies to bring back millions of barrels of held-back supply in the coming months won't derail the oil market's tightening, the prospect of a rapprochement between the U.S. and Iran might mean millions of extra barrels of crude returning to the market.

Washington and Tehran are currently engaged in indirect negotiations to revive their nuclear deal and warmer relations might clear a path for the 2.4 million barrels Iran is currently producing to be freely traded.

Even accounting for Iranian barrels, OPEC+ would still be producing 1.7 million barrels of oil a day fewer than the rate at which the world is forecast to consume it in 2021's fourth quarter.

In line with some of the forecasts made by the agency and by OPEC over the past year, the IEA expects global oil demand to have almost returned to its pre-pandemic "normal" level by the end of this year. The organization expects demand in the fourth quarter to be 120,000 barrels a day fewer than it was in the same quarter of 2019.



Write to David Hodari by [e-mail]



(END) Dow Jones Newswires

May 12, 2021 04:16 ET (08:16 GMT)

[waldron] 12/5/2021 07:49

European markets head for choppy open; earnings, U.S. inflation in focus

Published Wed, May 12 20211:09 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open largely flat to lower on Wednesday as global markets gear up for key data releases including the latest reading of U.S. inflation.

London’s FTSE is seen opening 3 points higher at 6,942, Germany’s DAX down 16 points at 15,072, France’s CAC 40 down 4 points at 6,246 and Italy’s FTSE MIB down 29 points at 24,137, according to IG.

[action] 11/5/2021 21:38

Shell is buying opportunity at this level for dividend seeker as it will go up subject to oil staying around this level.