Shell Share Discussion Threads

[waldron] 16/7/2021 08:06

rdsa


Giacomo Romeo from Jefferies retains his positive opinion on the stock with a Buy rating. The target price is slightly modified from 1930 to 1950 GBX.

[waldron] 16/7/2021 07:23

European stocks set for muted open as investors watch data, earnings and delta variant

Published Fri, Jul 16 20212:08 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

Earnings season is also beginning in earnest in Europe, with Richemont, Rio Tinto and Ericsson the big names reporting on Friday, while Burberry issues a first-quarter trading update.

European investors will be watching June’s euro zone harmonized index of consumer prices (HICP) reading, due at 10 a.m. London time.

LONDON — European stocks are heading for a muted open on Friday as investors monitor economic data, corporate earnings and the spread of the delta Covid-19 variant.

Britain’s FTSE 100 is seen around 17 points higher at 7,029, Germany’s DAX is set to add around 14 points to 15,644 and France’s CAC 40 is expected to inch around 5 points higher to 6,498, according to IG data.

[xxxxxy] 16/7/2021 07:19

Shell and Scottish Power plot giant, floating offshore wind farmThe oil giant and utility submit multiple bids for first offshore wind leasing round in Scotland in a decadeByRachel Millard16 July 2021 • 6:00am.... Daily Telegraph

[xxxxxy] 16/7/2021 07:12

Shell starts selling power from giant battery in WiltshireBattery paid for with Chinese investment will help balance supply and demandByRachel Millard15 July 2021 • 1:27pm... Daily Telegraph

[waldron] 15/7/2021 23:39

Why Russia Is Refusing To Send Europe More Natural Gas

By Vanand Meliksetian - Jul 15, 2021, 5:00 PM CDT


Rising commodity prices have strengthened the economic outlook of resource-rich countries. Russia is taking advantage of this in a major way, with a particular focus on crude oil and natural gas. As Europe’s most important supplier of gas, Gazprom is well-positioned to reap major dividends. However, the state-controlled energy behemoth's lukewarm response to sending additional volumes to Europe could be a sign that the company’s strategy has changed.

In 2020, Gazprom’s exports decreased from 199 bcm in 2019 to 170 bcm. The majority of this gas transits through Soviet-era pipelines from Russia to Belarus and Ukraine. Another 55 bcm capacity was added in 2011 with Nord Stream’s completion and will be double to 110 bcm when the heavily contested Nord Stream 2 pipeline starts pumping gas at some point in the next two years.

The restart of the European economy has increased demand for commodities and led to substantially higher prices. Although LNG imports have increased over the years, the bulk of the natural gas is still transported through pipelines. Of these exporters, Russia is by far the largest and most influential country due to its sizeable energy industry and excess capacity. Although prices are favorable, Gazprom doesn't seem to be in a hurry to send extra volumes on top of the running contracts with European customers.

After an exceptionally cold heating season, European storages are historically low which further boosts demand to prepare for the coming winter. Also, some parts of Europe are experiencing an unusually warm summer leading to higher demand for electricity to run air-conditioners. Under normal circumstances, coal-fired powerplants would fill the gap, but the price of CO2 on Europe’s ETS has doubled to €52 since November. Therefore, natural gas-fired powerplants, which emit almost 50 percent less, are in higher demand.


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In the past, Gazprom would have quickly ramped up exports to satisfy additional needs with the ultimate goal of increasing market share. However, the Russian company has held off from booking extra transit capacity through Ukraine’s pipeline system. According to Nick Campbell, director at consultancy Inspired Energy, “so far this summer Gazprom has yet to purchase any capacity in the (Ukraine’s) monthly auctions.

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Therefore,


one could see this as a strategy to push Nord Stream 2 to completion.”


Elena Burmistrova, director-general of exports at Gazprom, has denied the change in strategy although she has acknowledged the request from customers for additional volumes. According to critics her statement that more gas would flow with “the commissioning of the Nord Stream 2 pipeline” has confirmed Moscow’s intention regarding the pressing of Europe to finish the pipeline this year.

The project has been delayed by U.S. sanctions. Nevertheless, Gazprom has remained firmly committed to Nord Stream 2's completion. Two Russian pipelaying ships have been working non-stop. One of the two strings is already finished and according to Nord Stream 2’s CEO Matthias Warnig the second string will be completed in August.



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Another theory behind Gazprom’s reluctance to send additional volumes is a new profit-focused strategy from Gazprom. In the past, increasing market share was the main objective which sometimes went at the expense of profitability. Natural gas was, therefore, used as a political weapon in several crises with heavily dependent eastern Europe. State-owned Gazprom could now be prioritizing profitability over political influence. In that sense, the company's role would be more like OPEC’s with the difference that its influence is limited to Europe where it enjoys good connectivity with customers. The EU’s heavy focus on sustainability and decarbonization could have swayed the Russians into maximizing the value of their natural gas while there is a sizeable market.

However, it could also be short-term opportunism. The price of natural gas on the European market has increased from $130 per 1,000 cubic meters in 2020 to $400 currently. The European market will almost certainly be undersupplied in the next few months, which could lead to sustained higher prices and few good options from the EU's perspective.

By Vanand Meliksetian for Oilprice.com

[pander45] 15/7/2021 22:44

We must be absolutely raking the cash in with the POO as it stands.

[xxxxxy] 15/7/2021 21:34

Aston Martin unveils its first hybrid supercar – but it needs a recharge after 10 milesThe 217mph Valhalla, which was expected to have a cameo in the delayed Bond movie, No Time to Die, will cost around £700,000ByJack Hardy and Paul Horrell15 July 2021 • 7:26pm... Daily Telegraph

[xxxxxy] 15/7/2021 19:46

Average Brit barely pollutes planet's air at all, compared to rest of the worldWill Government's new plans for 'green levies' result in carbon-taxing us to a standstill??© Facts4EU.Org 2021Brits aren't the problem – we are only the world's 65th CO2 gas emitter, per capitaBREXIT FACTS4EU.ORG AND THE BRITISH PUBLIC'S RIGHT TO KNOWFacts4EU.Org shines a (low wattage) light on some uncomfortable truthsfor British climate activistsPart One in a new occasional Facts4EU.Org series on the climate change / carbon taxes debateYesterday in Parliament the Transport Secretary, Grant Shapps, revealed the Government's plans for carbon-neutral transport in the post-Covid world. If you ever want to leave your home in the future - and are allowed to do so by the Government - this affects you.Many readers have contacted us in the last couple of years, asking that we shine the same bright light on the whole climate change debate as we have done on Brexit, democracy, freedom, independence, and other topics such as educational standards and wokery. In this, our first report on climate change, we provide some basic but vital information in order to set the backdrop to this contentious issue. As always we will use official sources for all our facts, even if we doubt them, so that climate change extremists have nowhere to go.We start by asking two basic questionsHow much is the average British person responsible for, in terms of CO2 gas emissions?Given that there are 67 million of us, where does this put the UK in terms of total world output?BREXIT FACTS4EU.ORG SUMMARYBritish people barely pollute the planet's air at all, compared to the rest of the world(All figures are the latest available, for 2019. See sources below.)1. The UK's average CO2 gas emissions per personThe average British person is the 65th-ranked emitter in the WorldAverage CO2 per capita in the UK : 5.5 tonnesThis compares with Australians and Americans on over 16 tonnes eachEven 'green-obsessed' Canadians are on 15.4 tonnes per person?© Brexit Facts4EU.Org - click to enlarge2. The UK's total CO2 output compared to other countriesThe UK's total output is 369.9 million tonnes and is ranked 17th in the WorldBy comparison, China's is 10,175 million tonnes (27 times higher)The World's top 10 emitters account for a full 2/3rds of the entire World's emissionsThe UK accounts for just 1% of World emissions, despite being the World's 5th largest economy?© Brexit Facts4EU.Org - click to enlargeSources: Oxford's Hannah Ritchie and Max Roser (2020) - "CO? and Greenhouse Gas Emissions" using OWID conversions from the Global Carbon Project (2020). Supplemental data of Global Carbon Budget 2020 (Version 1.0). https://doi.org/10.18160/gcp-2020. All data conforms to the standards of the IPCC - Intergovernmental Panel on Climate Change.OBSERVATIONSDuring our research on climate change in recent months it has seemed to us that there is more data on this than tonnes of CO2 in the atmosphere. A great deal of this information is highly technical and we consider a lot of the studies to be dubious, based on false premises, and funded by 'interested parties'. This is why we have focused on the 'official' information, even if we have our doubts about some of this too.Are you, dear reader, interested in us condensing some of the facts about climate change into easily-digestible reports such as the one above? Please let us know in the Comments section below or by writing to us here. At the same time we also have to continue our work on Brexit, Covid, and the re-establishment of a fully free, independent and sovereign country of the type that most people want to live in.Governments are making plans for your lives right nowYesterday the Transport Secretary started outlining some of the Government's latest thinking on climate change measures in the United Kingdom. These will affect every man, woman and child in the country – financially and in terms of future lifestyle and freedoms. At the very least these deserve the most intense scrutiny.In addition, yesterday in Brussels the EU outlined its own proposals for carbon taxing.At this point we can be sure of two thingsThese 'green policies' are going to cost each of us a great deal of money, andThe UK Government's and the EU's directions of travel are..... well..... for us not to travelThe right to knowWhatever the rights and wrongs and necessities, we can also be sure of one more thing. The public should be fully informed about what is being proposed in their name - and the full nature, scope, and costs of the consequences – but they won't be. We would like to do our bit in putting this right.

[rigsby68] 15/7/2021 15:19

next results should help

[the white house] 15/7/2021 15:06

Brent @ 74 and has been fir weeks and here we are under 14 and down 30p. Bizarre

[badger60] 15/7/2021 10:08

SENX has just struck a new gas field......dyor.

[smith99] 15/7/2021 08:20

My answer is always the same though.....that's all very well but what about China? There seems to be a twisted logic that if we cut back our manufacturing and it goes abroad it's in some way cleaner when the opposite is true. Their agenda can only stand a chance of making a difference if you remove all of the old and sick people from the planet and then reduce the remaining by 90%. If you consider the spike protein In the vaccine rollout is toxic and you are denying people access to GPS, and hospitals are closed to all but covid. That's pretty them where they need to be.scary times

[xxxxxy] 15/7/2021 06:10

The path to net zero in transportJULY 15, 2021 POST A COMMENTYesterday the UK government published its 220 page document on how it wishes to transform the way we and our goods get about. At its heart was a contradiction. The early paragraphs promise us "it's not about stopping people doing things: it's about doing the same things differently. We will still drive on improved roads, but only in zero emission cars". The vision is of keeping the flexibility of personal road transport with that still be the dominant way of getting about. There will also be new planes to offer good value flights with carbon free fuels so no need to rein in the holidays abroad.Whoever wrote that bit did not bother to order a rewrite of the rest of the document. A bit further on we are told the opposite. "We must make public transport, cycling and walking the natural first choice for all who can take it". We are offered a world of car sharing, car clubs and much less car use, alongside a target that "half of all journeys in towns and cities" are to be walking or cycling by 2030. The plan confirms their wish to end all new diesel and petrol van and car sales from 2030, all fossil fuel lighter HGVs from 2035 and the rest from 2040.In some areas under direct government control the plan lacks the same crusading energy. We are only offered a net zero railway by 2050, even though it is already heavily electrified. There will still be diesel trains in 2039. We are promised a railfreight growth target which could relieve our main roads and help a great deal in many ways, but there is no agreed one in this document from the government and the railway , currently effectively nationalised. There is no date yet decided for the phase out of fossil fuel buses, with non fossil fuel fleets still at the demonstration city and project stage.We are told that "We will continue to support demand for zero emissions vehicles through a a (sic) package of financial and non financial incentives". Given the millions of vehicles they want replaced that could prove very costly.I am all in favour of more freight going by rail. That requires work on smaller track bypasses and extensions, new sidings and branch lines into industrial parks, and new depots. I am all in favour of new electric cars and vans once they are seen by more of the public as better than the diesel and petrol versions and are attractively priced by the market so they fly off the shelves. More work is needed on this strategy, with more reassurance about what its aims are. Transport is crucial to our lives, central to our food and goods supply, crucial to services provided to us and vital for many of our jobs. People will want to know the change planned does not make these things worse for us.... John Redwood

[misca2] 14/7/2021 07:36

European markets head for flat open after U.S. inflation report

Published Wed, Jul 14 20211:11 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open around the flatline on Wednesday following a hotter-than-expected U.S. inflation report released Tuesday.

London’s FTSE is seen opening 2 points higher at 7,125, Germany’s DAX down 3 points at 15,782, France’s CAC 40 up 7 points at 6,552 and Italy’s FTSE MIB up 4 points at 25,042, according to IG.

[waldron] 13/7/2021 22:36

tornado

most of the other oilies are presently in a similar position

i am certainly expecting a change of sentiment as we move towards months end what with results and outlook

I am counting then on a substantial trend up

who knows OPEC may put to bed the current fiasco

[tornado12] 13/7/2021 21:36

This needs to be back above £15 and then £18 / share. Crazy it’s still at theses level with oil > 70$. A good Q2 result with enticing divi increase and future SH return will change the sentiment. There remains a huge and profitable oil market in years to come and Shell must use that to their advantage in maintaining outputs, whilst moving to greener energy at the same time. Q2 update is the key to shell investor sentiment for rest of this year