Shell Share Discussion Threads

[buywell3] 29/11/2021 22:28

Roll up Roll up

The United Kingdom has just announced it will offer its booster shot to all adults just three months after their second dose.

[xxxxxy] 29/11/2021 16:50

12:40pmJP Morgan reckons oil will hit $150 a barrelOil may have taken a plunge at the end of last week, but that hasn't dented JP Morgan's expectations that prices will continue to rise.The Wall Street bank reckons Brent prices will reach $125 a barrel in 2022 and $150 a barrel the year after due to a lack of spare capacity, mainly among Opec members.Analysts forecast spare capacity of 2m barrels per day (bpd) next year – below consensus estimates. They also think Opec will halt its current output increase of 400,000 bpd.They wrote: "While we believe a 3-month pause to 400,000 bpd monthly increments is needed during the first half of 2022 to balance the market (and potentially a cut pending impact of new Covid variants), the group will struggle to deliver monthly growth  of more than 250,000 bpd once reinstated"... Daily Telegraph

[loganair] 29/11/2021 15:13

While oil prices crashed on Friday due to Covid concerns, there is still a very real possibility of $100 oil due to President Biden's strategic petroleum reserve (SPR) release.

When President Biden announced last week that the federal government would be releasing 50 million barrels of crude from the strategic petroleum reserve, perhaps those around him expected prices to go down significantly and stay down. Instead, prices rose, and OPEC+ gave a heavy hint it might cut supply. By Friday, oil prices fell sharply, but that was due to a new wave of Covid-19 fears and has little if anything to do with Biden's announcement that oil would be unleashed from emergency stockpiles.

But what comes next could send oil to $100.

Energy analysts warned that a release of SPR may not have the desired effect. They explained that however many barrels the US or its partners in Asia and the UK release, OPEC could withhold more and for longer. They explained that the SPR crude is sour, and refiners don't like it because it needs additional processing to reduce the sulfur content—a process that requires natural gas, which is also expensive currently. These explanations fell on deaf but determined ears. Now, analysts are warning about $100 Brent.

“It's not going to work simply because the strategic petroleum reserve — any country's strategic petroleum reserve is not there to try to manipulate price,” said Stephen Schork, editor of the Schork Report, speaking to CNBC earlier this week. “There's a considerable amount of bets out there that we will see $100 a barrel oil,” he added.

John Kilduff of Again Capital put it even more bluntly: “The battle lines are being drawn,” he told Bloomberg this week. “Certainly, OPEC and the Saudis can win this in that they are holding all the cards. They can keep more oil off the market than a SPR release can put on the market. If you see WTI get under $70, then I would expect a response from OPEC+.”

OPEC alone accounts for 40% of global crude oil production. The US—the world's largest single producer—accounts for about 18.6%. And then there's Russia, with about 12% of global oil supply, which is a partner of OPEC. So, together, OPEC and Russia, without even counting the Central Asian producers, account for half the world's oil production. They are, indeed, holding all the cards.

The IEA was set up as a monitor of oil markets with the purpose of avoiding a repeat of the severe shortage that hit the West after much of the Middle East imposed an oil embargo on Israeli allies there. Since then, however, especially in recent years, the agency has focused increasingly on the green energy transition, earlier this year calling for the suspension of all new oil investment, only to urge producers a few months later to invest more in new production.

OPEC+ has so far resisted all calls for more oil production. The cartel has clearly signaled that it will do what it decides and will not defend anyone else's interests. Right now, OPEC+ is interested in higher oil prices. The group seems worried about more flare-ups of Covid and has cited this risk as a demand constraint that justifies their moderate production boost. Now, on top of that worry, they have those 50 million US barrels of crude coming in. The next OPEC+ meeting might bring a nasty surprise to large oil consumers, and this nasty surprise could push prices higher.

[waldron] 29/11/2021 14:13

NIO & Shell Strike Deal to Enhance EV Driver Experience

The agreement between NIO and Shell (RDS.A) will provide EV users with superior services and experiences.

By Zacks Equity Research November 29, 2021

You're reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

NIO Inc. NIO recently announced a partnership with energy giant Royal Dutch Shell (RDS.A) to enhance the charging experience for electric vehicle (EV) customers by jointly constructing and operating a network of co-branded battery swapping stations.

The agreement encompasses a plan to develop a network of 100 battery swapping stations in China by 2025, starting with two pilot sites. Further, additional battery swap stations will be installed at Shell EV charging hubs, while Shell Recharge fast chargers will be made available at NIO locations.

The agreement in Europe will commence with the construction and operation of pilot stations in 2022. Further, NIO users will have access to Shell’s charging infrastructure in Europe, one of Europe’s largest roaming EV charging networks.

The companies are highly optimistic about the partnership. The agreement between NIO and Shell will provide EV users with superior services and experiences.

For Shell, the deal offers the advantages of NIO’s already massive network of fast-charging stations, battery swapping stations and destination chargers in China. Further, amid the heightening climate change concerns, this collaboration highlights Shell’s commitment to expedite the transition to green vehicles globally and make a worthwhile contribution to sustainable energy development.

For NIO, the European leg of the deal is particularly enticing as it will enable it to expand its operations internationally. Through its partnership with Shell, the China startup will have an ally with whom it can work toward improving every aspect of the EV experience by offering Shell Recharge high-speed charging at attractive NIO locations and making battery swapping available at Shell locations.

Meanwhile, NIO and Shell will continue to search for further alliance opportunities in battery asset management, fleet management, home charging services, advanced battery charging and swapping technology development as well as construction of charging facilities in China.

NIO and Shell currently carry a Zacks Rank #3 (Hold).

[piperpeter] 29/11/2021 12:27

NEW GREEN HYDROGEN AND AMMONIA PRODUCTION COMPANY LISTING ON AIM IN DECEMBER.

ATOME ENERGY - Subsidiary of President Energy plc.



President Energy will pay a dividend in specie of ordinary shares in Atome Energy to President Energy shareholders who are on the share register at record time, which will be announced very soon.

PPC

Pp.

[xxxxxy] 29/11/2021 09:29

Auto updateOn9:25amEnergy prices jump as cold snap hitsEnergy prices surged across Europe this morning as the continent braces for cold weather over the next two weeks that will lift demand for heating.Benchmark Dutch natural gas jumped as much as 9.7pc, while the UK equivalent rose 7.8pc. German month-ahead power surged 11pc and carbon futures hit a record high.Temperatures are forecast to drop below average levels over the next fortnight, adding to pressure on the market, which is already suffering from lower supplies.Stefan Ulrich, a gas analyst at BloombergNEF said: "Given how tight the gas balance looks presently, any significant period of cold below the seasonal average would likely push forecasts for end-of-season gas inventories toward critical levels, driving prices higher..... Daily Telegraph

[waldron] 29/11/2021 03:59

Oil prices were higher in the morning of Asia trading hours, after dropping as much as 13% on Friday, its worst day this year.

International benchmark Brent crude futures were up 4.43% to $75.94 per barrel. U.S. crude futures gained 5.03% to $71.58 per barrel.

[sarkasm] 29/11/2021 02:00

Weekend oil news - OPEC meetings delayed in light of Omicron variant

Sun 28 Nov 2021 21:33:39 GMT

Author: Eamonn Sheridan | Category: News

OPEC+ is delaying its two technical meetings scheduled for Monday and Tuesday by 48 hours:

OPEC's Joint Technical Committee and the Joint Ministerial Monitoring Committee (JTC and JMMC respectively), will now meet on Wednesday and Thursday (1 and 2 December).

This is in order to allow more time to assess the market in light of the new COVID-19 variant concerns.

[pvb] 28/11/2021 22:28

xxxxxy 23 Nov '21 - 18:52 - 19286 of 19348

Planet Earth has been around awhile.
For 90% of the time it has been so warm there was never any ice at all anywhere.
A very warm planet is the normal.

That sounds just fine, if you are a dinosaur... Are you a dinosaur, xxxxy?

[adg] 28/11/2021 12:01

Idiots - I asked my son who is a geophysicist and working for a company that do the surveys - I may add he is a bit of a woke/snowflake/greenie and he said it’s utter bull (he is Masters geophysics and halfway thru phd so probably knows)

[greybroath] 27/11/2021 17:57

Perhaps an opportunity, if a major buyer (RDS) is no longer in the market…?

[retsius] 27/11/2021 17:17

Thanks Charggg

That is very informative

[waldron] 27/11/2021 16:58

Cheers Charggg

[charggg] 27/11/2021 16:56

The amount of $2bn that was allocated for buyback for H2, completed last Friday or so. Hence no more buybacks and no RNS. In the recent Simplified structure media call that's on the website, the CFO confirmed this.

[retsius] 27/11/2021 16:34

Kelso29

No buybacks yet,whew!

What good fortune, able to buy now much cheaper going forwards.
R.