Shell Share Discussion Threads

[fjgooner] 13/6/2019 10:20

montyhedge
13 Jun '19 - 10:16 - 6198 of 6198

I’m sure that incident happened so bulls could have one more chance to get out before Brent goes below 60 dollars, lol

--------------------------------------------

What an utterly sick statement to make - absolutely disgraceful.

[montyhedge] 13/6/2019 10:16

I'm sure that incident happened so bulls could have one more chance to get out before Brent goes below 60 dollars, lol

[fjgooner] 13/6/2019 09:41

The important thing today is that all 44 crew have been safely rescued and taken away from the damaged tankers by the Navy.

[montyhedge] 13/6/2019 09:36

Not even carrying oil, but products to dilute heavy crude, sell into any oil rally is my call.World swimming in oil.

[fjgooner] 13/6/2019 08:56

@montyhedge

I take it that you're sweating on your short then? What a shame.

[lippy4] 13/6/2019 08:56

p0pper but who would invest in them after losing their money,mind you after the governments declaration that we are going to be carbon free by 2050,chuckle,all oil companies will be broke....

[montyhedge] 13/6/2019 08:50

On Bloomberg, trying to confirm, looks like a bit of damage not even carrying oil, but oil products to go with heavy crude, if not has bad has thought, no ship sunk. Then oil straight back through 60 dollars for Brent. Dead cat bounce.

[p0pper] 13/6/2019 08:41

fjgooner, but we all know that monty is right, the world is awash with oil and if the worlds elite weren't so bent and in it for themselves and we actually had a free market, oil would possibly be only $30 per barrel and a lot of oil companies would go skint, thus having a true free market.

[fjgooner] 13/6/2019 08:38

Advfn's self-proclaimed "No.1. Trader" says, as Brent goes sub $60:

montyhedge
12 Jun '19 - 16:26 - 6175 of 6189
Short oil, long airlines thats the trade.

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Just a few minutes into the next day's session, and Brent is already up well over 3%.

I shouldn't really, but I did have a quick smirk at that muppetry. :)

[montyhedge] 13/6/2019 08:37

US capacity 30 year high, world has to much oil, dead cat bounce Brent 55 dollars here we come.

[the grumpy old men] 13/6/2019 08:25

Oil jumps more than 3% on reports of tanker incident in the Gulf of Oman off Iran coast
Published 19 min agoUpdated Moments Ago
Natasha Turak
@NatashaTurak





Brent crude spiked 3% on Thursday morning on reports of tanker explosions in the Gulf of Oman.

United Kingdom Maritime Trade Operations, a division of the U.K. Royal Navy, said it is currently investigating what it has called an “incident” in the Gulf near the Iranian coastline. It has urged “extreme caution” amid mounting tensions between Iran and the U.S.

Iranian state media has reported that two oil tankers were targeted in explosions, without providing evidence.

A spokesman for the US Navy’s 5th Fleet in Bahrain told the Associated Press that his command was “aware” of the incident and was seeking further details.

Brent crude is currently trading at $61.77 a barrel.

This is a breaking news story, please check back for more.

[montyhedge] 13/6/2019 08:11

Dead cat bounce today, world is swimming in oil.

[quepassa] 13/6/2019 08:00

Wow.

Tanker incident Straits of Hormuz.

Crude UP UP UP

[waldron] 13/6/2019 07:18

European stocks set to open lower again as Brexit uncertainty deepens
Published 18 min ago
Elliot Smith
@ElliotSmithCNBC




Key Points

U.S. President Donald Trump struck a slightly more positive tone on the U.S.-China trade war Wednesday but again threatened to increase tariffs on Chinese goods if no deal is agreed.
The favorite to succeed U.K. Prime Minister Theresa May, eurosceptic former Foreign Secretary Boris Johnson, launched his Conservative party leadership bid Wednesday with a promise to take Britain out of the EU on October 31, with or without a deal.

[sarkasm] 13/6/2019 06:40

Saudi Aramco Just Did Something It Never Did Before
By Julianne Geiger - Jun 12, 2019, 10:00 PM CDT Aramco

Saudi Arabia’s state-run oil company Saudi Aramco has announced a new financial first for the giant: it will hold its very first earnings call in August revealing to the world its H1 2019 results, according to Arabian Business.

Aramco first shed some light on a few of its financial figures that have been shrouded in secrecy forever. In January Aramco shared its independent audit results of its massive oil reserves. A few months later, Aramco shared its bond prospectus that revealed its staggering 2018 profit figure of $111 billion, making it the world’s most profitable firm—if the figure provided is accurate.

Saudi Aramco’s privacy in relation to its financial information came to light when it announced it would publicly list a portion of its company on a stock exchange to be named later. However, the lack of transparency in its data has proven to be a solid stumbling block. The IPO was subsequently delayed, with some industry experts guessing that it would never happen at all.

The most recent information on the IPO came in March from Saudi Energy Minister Khalid al-Falih, who said that the IPO was on track to take place in 2021. The earnings call announcement may be another necessary step in the IPO process designed to appease the public.

The international bond that Aramco offered earlier this year was a success despite the lack of the usual transparency with these deals.

With or without the IPO, Aramco is moving towards being an international player, and improved transparency will be a must.

“We are no longer going to be inward-looking and focused only on monetising the kingdom’s resources. Going forward the world is going to be Saudi Aramco’s playground,” Al-Falih told the Financial Times in February. “If I have investors from New York or London or Tokyo that are investing in Saudi Aramco they want Saudi Aramco to be competing with the world’s best international oil companies,” Al-Falih also said at the time.

By Julianne Geiger for Oilprice.com

[sarkasm] 12/6/2019 21:32

lippy by name lippy by nature


all info helps us decide whether to hold,buy or sell

unless of course you are in the promoters,rampers or derampers camp

which camp are you in

[lippy4] 12/6/2019 21:27

sarkasam you such a happy soul,any other doom and gloom scenarios...

[sarkasm] 12/6/2019 19:18

Oil Prices Keep Falling. Something’s Got to Give.

By Avi Salzman
June 12, 2019 1:04 p.m. ET

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Photograph by Matthew Lloyd/Bloomberg
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Oil prices fell on Wednesday after new data showed that U.S. oil supplies continue to build up.

The Energy Information Administration said in its weekly status report that crude oil inventories had increased by 2.2 million barrels last week compared with the prior week, and supplies are now about 8% higher than the five-year average. Supplies of other products like gasoline and propane are also on the rise, leaving total commercial petroleum inventories up 9.3 million barrels from the previous week. West Texas oil futures fell 3% to $51.69 in midday trading, as Brent crude fell 2.3% to $60.84.

Read more: Chevron and 4 Other Oil Stocks to Play the Permian Basin Boom

A report from the American Petroleum Institute released Tuesday also showed supplies building up. Investors are increasingly concerned that oil supplies are on the rise, and the Organization of the Petroleum Exporting Countries (OPEC) is unlikely to expand its production cuts to boost prices. Meanwhile, the U.S.-China trade war could cause global economic growth to slow.

Crude recently fell into a bear market, and traders are waiting to see if producers change their plans. One analyst thinks there will have to be some shifts.

“You saw oil trade terribly this morning,” said KeyBanc Capital Markets analyst Leo Mariani. Still, Mariani expects prices to gradually move higher as producers adjust. “Prices have moved down pretty quickly to the point where you’re likely to see incremental price decisions by all the producers out there, not just OPEC, start to get a little more conservative. I don’t think anybody’s really interested in adding a whole lot of production or a whole lot of capital later this year at these kinds of prices.”

Write to Avi Salzman at [e-mail]

[waldron] 12/6/2019 18:16

Brent Crude Oil NYMEX 61.04 -2.01%
Gasoline NYMEX 1.68 -2.44%
Natural Gas NYMEX 2.37 -0.92%
(WTI) 51.86 USD -1.63%


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Eni
13.82 -1.61%


Total
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Orange
13.86 +0.07%


Bp
540.8 -2.91%

Vodafone
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Royal Dutch Shell
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