Shell Share Discussion Threads

[waldron] 18/2/2019 06:59

European markets seen slightly higher amid US-China trade deal hopes

The FTSE 100 is seen 7 points higher at 7,243, the CAC is expected to open up around 9 points at 5,162, while the DAX is poised to start 29 points higher at 11,328, according to IG.
Market focus is largely attuned to global trade developments, with officials from the U.S. and China set to resume negotiations this week.

Sam Meredith | @smeredith19
Published 11 Mins Ago CNBC.com










European stocks are set to open slightly higher Monday morning, as market participants continue to monitor trade talks between the world's two largest economies.

The FTSE 100 is seen 7 points higher at 7,243, the CAC is expected to open up around 9 points at 5,162, while the DAX is poised to start 29 points higher at 11,328, according to IG.
Symbol

Name

Price

Change

%Change

Volume
FTSE FTSE 100 7236.68
39.67 0.55% 709713721
DAX DAX 11299.80
---
UNCH 0% 0
CAC CAC 5153.19
---
UNCH 0% 113881682

Market focus is largely attuned to global trade developments, with officials from the U.S. and China set to resume negotiations this week.

Both sides reported progress in five days of talks last week, with President Donald Trump indicating he might be willing to push back a March 1 deadline for a deal.

MSCI's broadest index of Asia-Pacific shares, excluding Japan, rose almost 1 percent.

Elsewhere, oil prices climbed to their highest level for the year so far, supported by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran.

International benchmark Brent crude traded at around $66.44 Monday morning, up around 0.3 percent, while U.S. West Texas Intermediate (WTI) stood at $55.93, slightly over 0.6 percent higher.
Sam MeredithDigital Reporter, CNBC.com

[stewart64] 18/2/2019 06:55

If it doesn't fly in one hour I'll eat my hat. Last Monday Brent at $62 and RDSB at 24.60. Brent pressing towards $67 just now with the price lower.

[adrian j boris] 17/2/2019 21:49

Energy
February 17, 2019 19:41
Dutch Look Overseas for Gas
Dutch Look Overseas for Gas
Dutch Look Overseas for Gas
.
.
.
.
.

A fter decades of supplying itself and its European neighbors with natural gas, an era has officially come to an end for the Netherlands.

The country became a net importer for the first calendar year since it started production from the giant Groningen field in 1963, Bloomberg reported.

It joins European nations becoming increasingly reliant on sourcing fuel through pipelines from suppliers such as Norway and Russia or via tanker ships from the US, Qatar and elsewhere.

The shift was inevitable after the nation of 17 million vowed to close Groningen following earthquakes linked to extraction from the deposit in the north. Production from what’s left at the site will continue to earn billions for the Dutch state, Royal Dutch Shell and Exxon Mobil for a few more years at least.

The Netherlands gets about 40% of its energy from gas. GasTerra, a venture between the state and the two oil companies, on Friday said its sales rose 17% to $12.6 billion in 2018.

More than a third of the fuel came from Groningen, for which it has the exclusive sales rights, with the rest mainly from smaller offshore fields as well as imports from Norway and Russia.

“Since the first molecules of natural gas flowed from Groningen, the Netherlands has been self-sufficient. No longer,” GasTerra CEO Annie Krist said.

“Natural gas is still badly needed,” partly to meet increased demand in power generation to back up renewable sources and replace coal.


.
.
.
.

[waldron] 17/2/2019 17:46

Feb 17, 2019, 10:44am
Oil Prices Are Poised To Move Higher Into April
Great Speculations
Bill Sarubbi
Contributor


Oil is poised to run higher to late April but is likely to first pull back later in this coming week.

Oil had been unusually weak in view of the rising cycles. Price came within 10 cents of breaking the former January 25th low on the 11th but then rallied more than 8% in a week.

Price reached $55.66 which is significant. This is the 38.2% retracement level of the October-December decline. The passing of this barrier will confirm that the situation has changed and that the prior decline is over. The $65 area appears to be a reasonable target by April.



Price is about to exceed the 38.2% retracement level.Cycles Research Investments LLC





These bullish factors remain in force:

Seasonally, oil is entering the most bullish part of any year
The monthly cycle points up
Oil was down from late September through late December. When this has occurred in the past, price has been higher three months later (March) in 17 of 21 cases and has been higher four months later in 18 of 22 cases (April). In other words, if oil sells off in the fourth quarter, the seasonal tendency to rally in March-April is enhanced.

[waldron] 17/2/2019 07:50

A big change in accounting will put $3 trillion in liabilities on corporate balance sheets

A big change in lease accounting rules effective Jan. 1 requires companies to record operating leases on their balance sheets.
Operating leases include everything a company rents to run its business, from office space, equipment, factories to planes and cars.
The accounting change will result in an increase in company leverage, a key measure when evaluating a company's risk.

Yun Li | @YunLi626
Published 11 Hours Ago

[sarkasm] 16/2/2019 22:45

Energy
February 16, 2019 18:29
Oil Market Forecasters Bearish on 2019
Oil Market Forecasters Bearish on 2019
Oil Market Forecasters Bearish on 2019
.
.
.
.
.

T he three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.

The US Energy Information Administration envisages global demand growth in 2019 rising by 1.49 million bpd to 101.45 bpd, higher than its peers, but its estimate for supply growth is near 2 million bpd, Platts reported.

The market is expected to be in deficit by almost 500,000 bpd in 2019, according to the EIA, as output from OPEC/non-OPEC deal participants and Canada, factoring in sanctions on Venezuelan and Iranian oil flows, will not be enough to offset US supply growth.

The Paris-based International Energy Agency expects oil consumption in 2019 to rise to 100.6 million bpd from 99.2 million bpd last year, growth of 1.4 million bpd.

Unlike other agencies, it sees global demand growing faster this year than in 2018 due to "lower prices and the start-up of petrochemical projects in China and the US."

The IEA, however, said oil markets will still struggle to absorb fast-growing non-OPEC supply despite sanctions on Iran and Venezuela and falling OPEC production in 2019.

In terms of oil demand growth, OPEC was the most bearish in its monthly oil market report, predicting a rise of only 1.24 million bpd, with global consumption at 100 million b/d this year.

The continued strong growth of US shale oil will soften the blow from the recent US sanctions on Venezuela's state-owned oil company PDVSA, the IEA said.

"Even so, headline benchmark crude oil prices have hardly changed on news of the sanctions," the IEA said in its recent monthly market report. "This is because, in terms of crude oil quantity, markets may be able to adjust after initial logistical dislocations."
.
.
.
.

.
Republishing Guidelines

[maywillow] 16/2/2019 22:08

Is This The Tipping Point For Electric Vehicles?
By MINING.com - Feb 16, 2019, 2:00 PM CST
Join Our Community
EV

A new report by McKinsey forecasts a rapid switch from gas guzzlers to electric vehicles on the world's roads will be boosted by the plummeting costs of owning a battery powered vehicle.

The consulting firm's 2019 Global Energy Perspective report foresees a two-thirds drop in the cost of EV battery packs by 2030. The tipping point at which EVs will be cheaper to own than internal combustion engine-powered vehicles is forecast to be reached in the early 2020s:

The timing of total cost of ownership (TCO) parity in the U.S. and China is comparable to Europe, with China slightly earlier and the U.S. slightly later, reflecting differences in fuel taxation and subsidies for electric vehicles.

After this tipping point, "economic considerations alone" would be sufficient to accelerate the growth of EV sales, says McKinsey. Car sharing and autonomous driving will add further incentives to go electric. Improving battery technologies will mean that even long-haul trucks could be economically electrified during the second half of the next decade.

(Click to enlarge)

Source: McKinsey Global Energy Perspective 2019

McKinsey's view of the electrification of the transport sector makes for some dramatic reading:

EV sales jump to 100m units by 2035
Battery-powered passenger car sales grow by a factor of 60 through 2050
By 2035 there will be 400m EVs on the road in China and developed countries
To meet demand, 2.4m charging stations must be deployed per year through 2035
By 2050 road transport will constitute 27 percent of electricity demand, up from less than 1 percent today
Demand for oil could peak as soon as the early 2030s

McKinsey's rosy view of transport electrification stands in contrast to a recent U.S. government study which forecasts electric car sales will be stuck in the slow lane for the foreseeable future.

By Mining.com

[maywillow] 16/2/2019 16:16

Stock Market Closed For Presidents Day,


The NYSE and Nasdaq will be closed on Monday 19TH FEBRUARY to observe Presidents Day.

[grupo] 16/2/2019 08:09

Alliance News

DIRECTOR DEALINGS: Departing Shell Upstream Boss Brown Sells Stock
Thu, 14th Feb 2019 15:55


LONDON (Alliance News) - Royal Dutch Shell PLC on Thursday said outgoing Upstream Director Andy Brown has sold 'B' shares worth almost GBP250,000.

Brown, in a transaction on February 4, sold 10,000 shares at a price of GBP24.30 each.

In mid-January, oil major Shell said Brown would be leaving the company at the end of September after 30 years. He is to be replaced as head of Upstream operations by deepwater Executive Vice President Wael Sawan, who will step up on July 1.

Shell 'B' shares were 0.8% lower Thursday at 2,469 pence, and 'A' shares down 0.7% at 2,436.50p.

By George Collard; [e-mail]

[waldron] 16/2/2019 07:22

stew

me too puzzled why the slight underperformance compared with others

surly not the battery purchase

looking forward to a much more positive stance next week

have a great weekend one and all

cheers

edit going ex divi did not seem to give BP the post divi blues

[stewart64] 16/2/2019 06:19

German battery firm seen as an indulgent purchase? Post dividend blues ? Just trying to assess why it underperformed the sector yesterday. It did rally stateside after 4:35GMT to around 24.56. Trodden water whilst Brent has gone from $63 to $66.

[wbecki] 15/2/2019 17:55

"Shell acquires German battery start-up Sonnen"
Move part of energy major’s shift towards cleaner fuels


Shell agreed to buy 100 per cent of Sonnen, a German rival to Tesla and Samsung in providing homeowners with lithium-ion battery packs powered by solar energy.

Sonnen, founded in 2010, has grown to become Europe’s largest maker of rechargeable energy storage packs. It has installed more than 40,000 battery packs produced in its three factories in Germany, Australia and the US.

[waldron] 15/2/2019 17:11

FTSE 100
7,236.68 +0.55%
Dow Jones
25,762.26 +1.27%
CAC 40
5,153.19 +1.79%


Brent Crude Oil NYMEX 65.82 +1.94%
Gasoline NYMEX 1.72 +2.32%
Natural Gas NYMEX 2.59 +0.70%

WTI (WTI)
- 15/02 17:46:36
55.42 USD +1.59%

Eni
15.12 +2.30%


Total
49.695 +1.45%

Engie
14.12 +0.57%

Orange
13.425 +1.74%


BP
543.5 +0.48%


Shell A
2,424 -0.12%


Shell B
2,443.5 -0.67%

[chiefbrody] 15/2/2019 16:45

Only red for me today but hey ho.Bit of a breather after a good run.Fancy a top up a bit lower than here so a pullback would be welcome.

[grupo] 15/2/2019 16:42

After half a century, the Dutch will need to look abroad for gas

Netherlands gets about 40 per cent of its energy from gas
Published: February 15, 2019 18:22 Bloomberg

Warsaw. After decades of supplying itself and its European neighbours with natural gas, an era has officially come to an end for the Netherlands.

The country became a net importer for the first calendar year since it started production from the giant Groningen field in 1963. It joins European nations becoming increasingly reliant on sourcing fuel through pipelines from suppliers such as Norway and Russia or via tanker ships from the US, Qatar and elsewhere.

The shift was inevitable after the nation of 17 million vowed to close Groningen following earthquakes linked to extraction from the deposit in the north. Production from what’s left at the site will continue to earn billions for the Dutch state, Royal Dutch Shell Plc and Exxon Mobil Corp. for a few more years at least.

The Netherlands gets about 40 per cent of its energy from gas. GasTerra, a venture between the state and the two oil companies, on Friday said its sales rose 17 per cent to 11.2 billion euros ($12.6 billion) in 2018. More than a third of the fuel came from Groningen, for which it has the exclusive sales rights, with the rest mainly from smaller offshore fields as well as imports from Norway and Russia.

“Since the first molecules of natural gas flowed from Groningen, the Netherlands has been self-sufficient. No longer,” GasTerra Chief Executive Officer Annie Krist said. “Natural gas is still badly needed,” partly to meet increased demand in power generation to back up renewable sources and replace coal.

[p0pper] 15/2/2019 14:34

Yes, oil up quite some, FTSE up quite some but Shell really struggling to be positive today.

[stewart64] 15/2/2019 14:32

Topped up at 24.43, a disconnect between the rising oil price just now.