Shell Share Discussion Threads

[waldron] 28/6/2019 06:58

Europe Markets
European stocks set for mixed open as investors monitor G-20 summit
Published 9 min ago
Elliot Smith
@ElliotSmithCNBC




Key Points

The world’s two largest economies have maintained firm stances going into the weekend, with the Chinese Ministry of Commerce calling on Washington to cancel its pressure and sanction measures on Huawei and other Chinese companies, while President Trump reiterated a threat to impose tariffs on all Chinese imports if talks fail.
President Trump also said Thursday that he plans to talk trade with Japanese Prime Minister Shinzo Abe as they meet on the sidelines of the summit, with Washington pushing to cut its big trade deficit.

European markets look set to open mixed Friday as investors track developments at the G-20 summit in Osaka, Japan, where President Donald Trump and Chinese President Xi Jinping are expected to meet amid the ongoing trade war.

The FTSE 100 is seen just 1 point down at 7,401, the DAX is expected to open around 15 points higher at 12,286 and the CAC is seen flat at 5,493, according to IG data.

The world’s two largest economies have maintained firm stances going into the weekend, with the Chinese Ministry of Commerce calling on Washington to cancel its pressure and sanction measures on Huawei and other Chinese companies, while Trump reiterated a threat to impose tariffs on all Chinese imports if talks fail.

Trump also said Thursday that he plans to talk trade with Japanese Prime Minister Shinzo Abe as they meet on the sidelines of the summit, with Washington pushing to cut its big trade deficit.

Asian shares dipped on Friday afternoon, led by mainland Chinese markets as the Shenzhen composite shed 1.148%.

In Europe, Deutsche Bank on Thursday passed an annual health check by the U.S. Federal Reserve, which stress tests banks’ abilities to weather a major economic downturn. Credit Suisse, however, is now subject to conditions in its U.S. operations after the central bank found weaknesses in its capital planning processes.

In the U.K., the Financial Times reported that Merlin Entertainments is set to be acquired for £6 billion ($7.6 billion) by a group comprising Kirkbi, the investment vehicle of Lego’s founding family, private equity firm Blackstone Group and Canadian pension fund CPPIB. Merlin operates Madame Tussauds waxworks exhibits around the world.

Meanwhile British-Swiss mining giant Glencore is under the spotlight as at least 41 miners in eastern Democratic Republic of Congo were killed on Thursday, when a copper and cobalt mine owned by the company collapsed, according to the Lualaba provincial governor.

[la forge] 27/6/2019 21:58

OPEC may be upstaged by the G-20 this weekend in terms of influence on oil prices
Published an hour agoUpdated 14 min ago
Patti Domm
@pattidomm




Key Points

OPEC meets next week, but it is the G-20 meeting between President Trump and President Xi that could have more impact on prices if they reach an agreement that helps the global economy - and oil demand.
The partnership between OPEC and Russia is expected to lead to an agreement to rollover current production cuts.
Iran could be a wildcard at OPEC’s meeting

[waldron] 27/6/2019 17:07

Brent Crude Oil NYMEX 65.50 -0.29%
Gasoline NYMEX 1.91 -1.04%
Natural Gas NYMEX 2.33 +2.87%
(WTI) 59.24 USD +0.61%


FTSE 100
7,402.33 -0.19%
Dow Jones
26,496.74 -0.15%
CAC 40
5,493.61 -0.13%
SBF 120
4,329.87 -0.04%
EuroStoxx 50
3,443.33 +0.05%
DAX Index
12,271.03 +0.21%
Ftse Mib
21,112.74 +0.26%



Eni
14.466 -0.29%


Total
49.125 -0.80%

Engie
13.15 -0.75%

Orange
13.83 -0.32%


Bp
550.7 -0.69%

Vodafone
128.66 +2.31%

Royal Dutch Shell
2,582.5 -1.13%

Royal Dutch Shell
2,594.5 -1.05%

[sogoesit] 27/6/2019 15:24

Not to forget a war in the Gulf (Persian, Arabian or otherwise) or constraints to shipping which is still not discounted imv.

[waldron] 27/6/2019 15:23

Shell, CoensHexicon to develop floating wind farm off Korea
Dounreay Tri. Image by Hexicon

June 27 (Renewables Now) - Dutch oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has entered into an agreement with a Korean firm to jointly develop a floating wind project 40 km offshore from the Metropolitan City of Ulsan in South Korea.

More specifically, Shell has teamed up with CoensHexicon Co Ltd, a joint venture between Swedish engineering company Hexicon AB and Korean service provider Coens Co Ltd. Last year, the Swedish firm transferred its floating wind platform technology to the JV with plans to offer serial production in South Korea.

CoensHexicon said in a statement that initial project development for the Ulsan scheme had been launched in early 2019. It has established a project company called TwinWind Development Co Ltd and secured an adequate water area offshore Ulsan City.

“Our collaboration with Shell will contribute a wealth of skills and expertise when it comes to developing and operating a large floating wind farm. This includes serial manufacturing in South Korea of the patented multi-turbine foundation design developed by Hexicon in Sweden,” commented Henrik Baltscheffsky, CEO of Hexicon and director of CoensHexicon.

The announcement did not provide details about the size of the planned floating wind farm.

[fjgooner] 27/6/2019 12:49

The post above is completely false:

"montyhedge

Oil just trading higher on headlines, still a glut in the world of the black stuff."

The price of Brent goes up and down every day, but the strong uptick of prices earlier this week IS NOT built on headline news at all - in fact, the news flow (G20, US-China trade dispute, OPEC+ meeting yet to confirm agreement) if anything has been holding the prices lower than they otherwise might have been.

It was entirely due to the published API and EIA data that showed huge reductions in crude stockpiles this week. This appears to be due to sanctions hitting Iranian (and, to a lesser extent, Venezuelan) crude exports - these are finally starting to show.

The massive crude drawdown that was announced this week - 4 times higher than consensus estimates at reduction of 12.788 million barrels - was the biggest reduction of oil inventories since September 2016.

This looks like a clear change of direction is starting to set in due to the severe US sanctions and, for me, this indicates that higher crude prices are very likely on their way.

[montyhedge] 27/6/2019 12:37

Oil just trading higher on headlines, still a glut in the world of the black stuff.
Brent will test 60 dollars in my view.
So the trade for me short oil stocks, buy airlines.

[waldron] 27/6/2019 07:03

European stocks set to nudge higher on cautious US-China trade optimism
Published 7 min ago
Elliot Smith
@ElliotSmithCNBC




Key Points

President Donald Trump said Wednesday that a trade deal with Chinese President Xi Jinping was possible when the two meet this weekend at the G-20 summit in Osaka, but warned that he was prepared to impose tariffs on all remaining Chinese imports if talks fall through.
Boris Johnson, the favorite to succeed U.K. Prime Minister Theresa May, said on Wednesday that the chances of Britain leaving the European Union without a deal are “a million-to-one”; despite reiterating his promise to exit the bloc with or without a deal by October 31.

European stocks look set to open cautiously higher Thursday as markets digest conflicting messages on the possibility of a U.S.-China trade deal.

The FTSE 100 is seen around 4 points higher at 7,420, the DAX is expected to open up around 37 points at 12,282, and the CAC is set to climb around 7 points to 5.508.

President Donald Trump said Wednesday that a trade deal with Chinese President Xi Jinping was possible when the two meet this weekend at the G-20 summit in Osaka, but warned that he was prepared to impose tariffs on all remaining Chinese imports if talks fall through.

Asian markets rose on Thursday afternoon, led by gains in mainland China with the Shenzhen component rising 1.36% and the Shenzhen composite adding 1.171%.

Back in Europe, Spanish inflation data, Italian business and consumer confidence figures and a host of economic data for the euro area in June is set for release Thursday morning, while Germany’s inflation report is expected early afternoon.

Boris Johnson, the favorite to succeed U.K. Prime Minister Theresa May, said on Wednesday that the chances of Britain leaving the European Union without a deal are “a million-to-one”; despite reiterating his promise to exit the bloc with or without a deal by October 31.

Bank of England Governor Mark Carney told the U.K. Treasury Committee that the central bank would be more likely to cut interest rates in the event of a “no-deal”; Brexit.

In corporate news, Vodafone is reportedly set to secure EU antitrust approval for its $22 billion bid for Liberty Global’s cable networks in central Europe after offering concessions in May.

Meanwhile, German chemicals giant Bayer, under pressure from activist shareholders, said Wednesday that it has hired an external lawyer and set up a committee to resolve a multi-billion dollar litigation issue. The company has seen its share price tumble after its $63 billion acquisition of Monsanto brought a raft of legal issues over allegations of a glyphosate weedkiller causing cancer.

[waldron] 26/6/2019 17:10

Brent Crude Oil NYMEX 65.74 +2.27%
Gasoline NYMEX 1.93 +4.61%
Natural Gas NYMEX 2.29 +0.09%
(WTI) 59.44 USD +1.14%


FTSE 100
7,416.39 -0.08%
Dow Jones
26,596.88 +0.18%
CAC 40
5,500.72 -0.25%
SBF 120
4,331.53 -0.21%
EuroStoxx 50
3,441.7 -0.21%
DAX Index
12,245.32 +0.14%
Ftse Mib
21,079.78 -0.23%



Eni
14.508 +0.47%



Total
49.52 +1.17%


Engie
13.25 -0.86%

Orange
13.875 -0.04%


Bp
554.5 +0.64%

Vodafone
125.76 +1.22%

Royal Dutch Shell
2,612 +0.62%


Royal Dutch Shell
2,622 +0.59%

[sogoesit] 26/6/2019 16:19

Part of the "fight the climate" hoax:

[waldron] 26/6/2019 16:05

PROACTIVEINVESTORS

ITM Power and Shell 10MW electrolyser groundbreaking shows a collaboration primed for great success
12:26 26 Jun 2019
The electrolyser, which features advanced polymer electrolyte membrane technology, is expected to be completed in the second half of 2020 and will be the largest of its kind
Groundbreaking
The electrolyser will produce renewable hydrogen for the Shell Rheinland refinery in Wesseling

ITM Power PLC (LON:ITM) has hailed the groundbreaking of a 10MW (megawatt) hydrogen electrolyser plant at the Shell Rheinland refinery in Wesseling, Germany as a great achievement.

The energy storage and clean fuel firm said the electrolyser, which features advanced polymer electrolyte membrane (PEM) technology, will be the largest of its kind in the world and is expected to be completed in the second half of 2020 with the capacity to produce up to 1,300 tons of hydrogen per year at peak rates. Overall, the 10MW plant will produce renewable hydrogen amounting to around 1% of the refinery’s annual consumption of 180,000 tonnes.



The electrolyser will use ‘green’ energy to produce renewable hydrogen for the refinery, which can then be used as a replacement for hydrogen derived from fossil fuels.

Dr Graham Cooley, ITM Power’s chief executive, said “the 10MW electrolyser plant is the “building block” to 100MW PEM electrolyser plants that will be used not only for refineries but also for the production of renewable ammonia, methanol and steel as well as for refuelling heavy vehicles such as trains, trucks and buses. Industrial demand for large scale electrolysis is steadily growing.”

He added that the groundbreaking demonstrated “a very good working relationship” between ITM Power and oil supermajor Royal Dutch Shell PLC (LON:RDSA) and that installing such a large electrolyser plant in a refinery had required the satisfaction of “very strict” compliance rules.

Meanwhile, Simon Bourne, ITM Power’s chief technical officer, said the plant was “an important moment” for the company and its partners and that large scale electrolysis was now seen as an important element in the “decarbonisation of key industrial processes”.

ITM Power is part of the REFHYNE consortium, a group of companies that includes Shell.

In a statement announcing the groundbreaking of the plant, Shell said it expected a new hydrogen model region to be set up in the German city of Cologne, close to the Rheinland refinery, based on activities around filling stations, cars and buses that could demonstrate the potential of hydrogen energy.

ITM Power also announced on 7th May the extension of the UK refuelling collaboration agreement with Shell, which will run until 2024, and covers the refuelling of all types of hydrogen vehicles; from passenger cars to commercial vehicles, including buses, trucks, trains and ships.

With the growing pressure on oil majors to move into renewable energy sources the relationship between ITM Power and Shell certainly seems primed for great success.

[sogoesit] 26/6/2019 15:46

Grumpy... yes.
This is a purely airline issue.

[crossing_the_rubicon] 26/6/2019 15:42

WTI Spikes After Biggest Crude Inventory Draw In Almost 3 Years
DOE

Crude -12.778mm(-2.9mm exp) = biggest draw since Sept 2016

Cushing -1.746mm

Gasoline -996k

Distillates -2.441mm

[fjgooner] 26/6/2019 15:31

Wow! Massive crude drawdown just announced - 4 times estimate at -12.788M.

Expect crude prices to move up now.

Also:

Distillates drawdown: -2.441M

Crude oil imports: -1.159M

Cushing crude oil inventories: -1.746M

Gasoline inventories: -0.996M

[xxxxxy] 26/6/2019 14:16

Oil demand will not peak until 2035Hong Kong (CNN Business)Global oil demand is likely to keep rising for at least another 15 years before Asia's fast growing economies catch up to the shift from hydrocarbons to electric power, a leading consultancy said on Monday."At some point in the next 20 years, it's likely we're going to see oil demand peak. Our own view at Wood Mackenzie, is around 2035, 2036," Wood Mackenzie chairman Simon Flowers said in an interview with CNN Business.The International Energy Agency, which monitors energy supply for the world's richest countries, said earlier this year that there was "no peak demand on the horizon."A potential peak in oil demand is one of the central questions hanging over the energy industry. The timing could impact trillions of dollars of investment decisions and play a major role in the trajectory of greenhouse gas emissions.Flowers said that there is already very little demand growth in the European Union, and "in time" demand in America will also drop off.Almost all of the demand growth for oil is now concentrated in Asia. China, India, Japan, South Korea and Singapore are the top five oil importers in the region, according to Wood Mackenzie. Total demand for oil across those countries grew by 2.5% in 2018 to 25.9 million barrels per day, with China and India accounting for the vast majority of the growth."Eventually that too will give in as electric vehicles become competitive and start to take market share from the internal combustion engine," Flowers said.Once that shift to electric cars happens, China should be in a strong position to benefit.The country has the world's biggest auto market, it has manufacturing capability and "it has access to some of the key battery raw materials, like lithium, that we need for electric vehicles," said Flowers.China has invested heavily in the electric vehicle industry.The government offered generous subsidies to electric and hybrid car buyers for years.Beijing is now weaning customers off those subsidies, and shifting some of the burden of growing the electric car market to manufacturers. This year, new ruleskicked in mandating that at least 10% of car companies' sales be all-electric battery vehicles or plug-in hybrids. The rules apply to car manufacturers that produce or import more than 30,000 vehicles annually, and would rise to 12% in 2020.View on CNNSour ce CNN

[the grumpy old men] 26/6/2019 11:10

Sogoesit
26 Jun '19 - 11:06 - 6355 of 6355


cheers

so i take it,no impact on glencore either

[sogoesit] 26/6/2019 11:06

Airlines that are regulated by the EU (that fly around intra-EU) are required to have more than 50% ownership by "EU Persons". IAG recently set their limit for "Non-EU Persons'" ownership at 47.5%.
There is no relevance to RDSB or any other commodity business.