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Posted at 23/10/2018 10:22 by lofuw Can We Expect A Rebound Rally Next Week?By Jim Hyerczyk - Oct 21, 2018, 4:00 PM CDT Join Our Community U.S. West Texas Intermediate and International-benchm China Enters the Picture The focus for investors late in the week shifted to U.S.-China relations and the on-going Sino-U.S. trade war. Despite the early strength, gains are still being limited by concerns that these events are hurting overall economic activity. Early Friday, domestic government data showed refinery throughput in China, the world’s second-largest oil importer, rose to a record high of 12.49 million barrels per day (bpd) in September as some independent plants restarted operations after prolonged shutdowns over summer to shore up inventories. However, the report also showed that refinery consumption may rise through the fourth quarter as several state-owned Chinese refiners return to service after maintenance. On the bearish demand side, China also reported on Friday its weakest economic growth since 2009 in the third quarter, with gross domestic product expanding by only 6.5 percent, coming in below estimates. Looking ahead, the weak GDP data raised concerns that the country’s trade war with the United States is beginning to have an impact on growth, which may limit China’s oil demand. Despite Friday’s early rebound rally, the data this week has been bearish so we’re not expecting too much of a reversal to the upside. Putting the most downside pressure on prices this week has been the bearish EIA Weekly Petroleum Status Report. U.S. Energy Information Administration (EIA) Report According to the U.S. Energy Information Administration, U.S. crude stocks rose 6.5 million barrels during the week-ending October 12, the fourth straight weekly build. Traders were looking for a 1.6 million barrel build. Inventories rose sharply even as U.S. crude production fell 300,000 bpd to 10.9 million bpd last week. Analysts said the drop was attributed to the effects of offshore facilities closing temporarily for Hurricane Michael. Gasoline stockpiles fell by 2 million barrels last week, while distillate stockpiles declined by 800,000 barrels, according to the EIA. Forecasts called for a drop of 1.52 million barrels in gasoline and 1.5 million barrels for distillates. Saudi Arabia’s Problems Worsen Oil traders are also continuing to monitor developments over the death of a prominent Saudi journalist. According to CNBC, U.S. President Trump gave Saudi Arabia the benefit of the doubt in the disappearance and apparent death of journalist Jamal Khashoggi even as U.S. lawmakers pointed the finger at the Saudi leadership and Western pressure mounted on Riyadh to provide answers. The outcome of an investigation could lead to U.S. sanctions against Saudi Arabia, but Saudi officials have also promised retaliation if sanctions are pursued. This may mean a cut in production, which should be bullish for prices. Some traders are speculating Saudi Arabia could cut as much as 500,000 barrels per day of crude production in response to any U.S. sanctions. Related: What Killed The Oil Price Rally? In the meantime, the Saudi’s tried to deflect the negative news by talking up its role in preventing a worldwide oil shortage following the start of the sanctions against Iran on November 4. In an attempt to prevent a speculative rally and keep prices under control, Saudi Arabia assured OPEC that it is “committed, capable and willing” to ensure there will be no shortage in the oil market, OPEC’s secretary-general said. The most vital industry information will soon be right at your fingertips Join the world's largest community dedicated entirely to energy professionals and enthusiasts In other news, Saudi Arabia and Kuwait are expected to struggle to resume oil production from jointly operated fields that produced some 500,000 bpd any time soon due to operational differences and souring political ties, CNBC sources said on Wednesday. Additionally, the West is trying to put financial pressure on the Saudi’s amid growing controversy over Khashoggi by pulling out of its major investment conference. On Wednesday, the managing direction of the International Monetary Fund and the heads of two major French banks said they would not attend the conference. On Thursday, Treasury Secretary Steven Mnuchin announced that he will not participate in the high-profile conference. Technical Analysis Weekly December West Texas Intermediate Crude Oil Technical Analysis (Click to enlarge) The chart pattern is fairly simple for December WTI crude oil. Whil |
Posted at 08/10/2018 20:11 by sweet karolina Chris Foster trying to revive the old Tasmanian oil farce: |
Posted at 02/1/2018 11:12 by lofuw What Drove WTI Above $60?By Nick Cunningham - Dec 27, 2017, 6:00 PM CST Oil Rig WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear. However, Libya’s National Oil Company said that the incident will curtail output by 70,000 to 100,000 bpd – not a trivial amount of supply, but not the nightmare scenario that some oil traders may have feared. The National Oil Company said that Waha Oil Co. "has immediately diverted production to the Samah line,” which will help keep oil flowing. “However, NOC expects a reduction in production of [between] 70,000 to 100,000 barrels a day," the statement said, according to S&P Global Platts. The Es Sider terminal was one of the main export facilities that suffered disruptions in recent years, and its return to operation is what has helped Libya ramp up oil production and exports, restoring shipments to 1 million barrels per day (mb/d) from less than half of that a little more than a year ago. The outage is not catastrophic, but Brent prices jumped more than 2.5 percent on the news, closing in on $67 per barrel, while WTI topped $60 per barrel for the first time in more than two and a half years. Related: The Biggest Factors In Future Oil Production The jolt to prices speaks a lot to how psychology can move the market. After all, the amount of supply knocked offline in Libya is about equivalent to the volume added to the global market from U.S. shale in just the past few weeks. And despite the U.S. adding supply in such a short amount of time, prices have posted gains since the start of December. The markets have priced in gains from shale, but they haven’t priced in unexpected outages. The disruption in Libya, as long as the size of the volume knocked offline stays at the 100,000-bpd level, probably won’t have a major effect on the oil market. Indeed, prices fell back after it became clear that the disruption was as small as it is. But the market jitters are magnified by the fact that the oil market is a lot tighter than it used to be. Inventories have dramatically declined, and are sitting roughly 100 million barrels above the five-year average, less than a third of the peak surplus the market saw last year. An outage in Libya could help accelerate the rebalancing process, depending on how long it takes for the pipeline to see repairs. It also comes on the heels of a roughly 400,000-450,000 bpd outage in the North Sea because of the crack in the Forties pipeline. Moreover, a string of geopolitical events in the second half of 2017 acted as price catalysts, a notable change after about three years during which no amount of unrest was able bother oil prices at all. Related: Goldman: Oil Markets To Balance Sooner Than Expected These incidents highlight the unforeseen risks to supply, although in the case of the latter, repairs are expected to be completed in the next few days with a full return to operation of the Forties pipeline expected in January. “Oil markets got a real big reminder of all the different things that can and will drive prices—from investor flows to geopolitics to unplanned disruptions pipelines and refineries,” Michael Wittner, global head of oil research at Société Investors trading in oil futures are starting to show some signs of nervousness, which makes incidents like the Libya outage important. Hedge funds and other money managers trimmed their net-length in WTI futures for the week ending on December 19, the third consecutive week of a decline. The outage in Libya could stave off a further liquidation of bullish bets, but the return of the Forties pipeline might also pose downside risk. There is "some worry about what next month is going to bring," John Kilduff, founding partner at Again Capital LLC told Bloomberg. "There’s not as much enthusiasm about the OPEC/non-OPEC accord as there was even a few weeks ago." |
Posted at 02/1/2018 10:50 by sweet karolina Poor little Timmy, nothing better to do on New Year's eve than spam this board.Happy New Year Timmy, could 2018 finally be the year when you are disqualified as a director? Now that would be good news for small investors and well worth raising a glass of bubbly to. |
Posted at 21/10/2017 15:22 by sweet karolina From :Date : 21/10/2017 - 15:07 (GMTST) To : enquiries@companiesh Cc : Helena.Murray@icaew. Subject : Clean Tech Assets 02398784 - Strike Off Dear Companies House, Clean Tech Assets Ltd (Formerly TXO PLC) is now well over a year overdue for filing Annual Accounts - as it was a PLC for virtually the entire accounting period these should be full accounts. TXO lost its AIM listing nearly 4 years ago trapping about 200 private investors. Clean Tech Assets is in CVA, which would appear to have involved transferring largely worthless assets and liabilities to another company - St Hill IOM Management Services 05399681 (formerly East African Oil Company Ltd and run by the same director who ran TXO / CTA into the ground), which has recently applied for strike off. Is it not about time Clean Tech Assets was struck off, thereby allowing those trapped investors to crystalize their losses and offset them against any capital gains they may have. A first strike off notification in the next few weeks would enable a final strike off to occur this tax year. The last set of accounts produced for the period ending 30 Sep 14, eventually published Sep 15, are under investigation by ICAEW, who will shortly decide on what sanctions, if any, to impose on the auditors Kingston Smith who signed off on the fraudulent fiction contained in that report, however that would not seem to be a good reason to further prolong the agony of trapped investors. Regards Adrian |
Posted at 19/7/2017 09:06 by abadan2 Anyone got any news about the Grand Bahama Group and its great plans for a Hydrocarbon Recovery Plant, with investors all lined up to throw money at? Seemingly last heard of 3 years ago? The biggest of TXO's wonderful projects that were to make everyone a fortune. |
Posted at 17/7/2017 17:00 by sweet karolina Tim will not give up trying to fleece private investors until someone in authority stops him.He is revisiting the Cleaner Fuels Scam, having previously tried to entice trapped TXO shareholders into backing a private placing claiming other investors were already lined up to provide the funds, then it all went quiet. The latest attempt can be found here: And here: All sounds great doesn't it. The technology was developed by Environmental Fuels, you can find its CH filings here: You can see from the latest accounts that it is basically bust. The £2m Tim crows about having been spent on development came from Environmental Fuels Shareholders. If it really is the great prospect Tim claims why are those shareholders not funding it any further? Why are they happy to lose everything whilst those "lucky" enough to buy into Cleaner Fuels make a killing? The answer is pretty obvious. |
Posted at 13/11/2016 21:32 by sweet karolina Howesp,All the money has gone! Investors will never see a penny. TB has walked away from so many similar situations only to start the whole charade going all over again. I made a promise to a dying colleague to do all I could to prevent TB ripping off a whole new set of PIs and I intend to keep that promise. There is no need for others to join this crusade, but if I fail and he does come crawling back onto AIM then I hope I can count on the support of investors who lost money here and in his other train wrecks. A significant number of those train wrecks employed the same auditors, who clearly turned a blind eye to what was going on. I hope to have some good news from ICAEW in the new year that means that TB will have trouble finding another pliant auditor, which in turn will make it very difficult to come back. He was clearly hoping to suck trapped TXO investors into putting money into Cleaner Fuels and Marine Oil Recycling - both Ltd companies which cannot get a listing. It looks like he has given up on the Marine Oil Recycling scam and it does not look like his plans for Cleaner Fuels are going the way he hoped. However I will be keeping my eye on it. |
Posted at 03/11/2015 09:49 by lofuw OPEC’s Strategy Starting To Take Its Toll On Gulf StatesBy Andy Tully Posted on Mon, 02 November 2015 21:40 | 2 The price of crude oil needn’t be as low as it is today – in the neighborhood of $50 per barrel – except that OPEC decided nearly a year ago to keep it low to in an effort to make shale production unprofitable and restore the cartel’s market share. The strategy may be working, but it has some unwanted side effects on the cartel’s core producers in the Middle East. Not only are budgets out of balance, but now the region’s stock markets are being affected. It was the prodigious production of shale oil, mostly in the United States, that caused the price of oil to fall from more than $110 per barrel in June 2014. But it was OPEC’s decision five months later to maintain its production at 30 million barrels per day that drove it to its current low point. Related: Don’t Expect A Breakout In Oil Prices Any Time Soon It was a price war declared against shale producers, who rely mostly on hydraulic fracturing, or fracking, to extract shale oil. The process is more expensive than conventional drilling and isn’t profitable if the price of a barrel of crude falls below a threshold of about $60. And the strategy is having its effect on North American extraction. But it’s also led to lower revenues for OPEC members. The cartel’s pricing maneuver, the brainchild of Saudi Oil Minister Ali al-Naimi, was predicated on rich Gulf States being able to weather a temporary drop in income. When the strategy went into effect, for example, Saudi Arabia’s treasury had a financial reserve of about three-quarters of a trillion dollars. Not only were less affluent OPEC members such as Venezuela hurt by the lower oil prices, but even Gulf States, including Saudi Arabia, began to feel the pinch almost immediately and revise the projected revenues of their budgets for the fiscal year 2015. Related: Low Oil Prices Could Persist Through 2016 And on Oct. 30, the U.S. financial services company Standard & Poors (S&P), citing a “pronounced negative swing” in Saudi finances due to lower oil revenues, cut its rating of the Saudi sovereign debt to ’A+/A-1’ from ’AA-/A-1+,R Shark Tank Just Revealed a Trillion-Dollar Idea In a recent episode of Shark Tank, two sharp, young entrepreneurs revealed a fast developing technology that anyone can invest in. In fact, one of the show's "Sharks," Robert Herjavec, already jumped in and invested $750,000! But that could just be the start. In fact, if some experts are right, this trend could be bigger than Apple and Microsoft combined! Tech heavyweight Cisco is calling it a $19 trillion opportunity. Not only that, experts believe it could be 37 times bigger than the Internet. And here's where it gets interesting...this 21st century game-changer is so radically different than anything we've ever seen that it's powering a sea change--a massive shift that billionaire Warren Buffett himself admits is a "real threat" to one of his most prized cash cows. Click here to find out what the “Sharks” are buying. In announcing the downgrade, S&P observed that the kingdom had budget surpluses of about 13 percent of gross domestic product in the 10 years leading up to 2013. Since the price of oil began its plunge, however, the agency said that surplus will become a deficit of 16 percent of GDP by the end of fiscal 2015. A downgrade in debt rating makes borrowing more expensive for the affected company or country. Still, Saudi Arabia probably will suffer little, if any, financial repercussions for two reasons. First, the other two major rating companies, Fitch and Moody’s, have maintained higher ratings for Saudi Arabia. Second, the Saudi government and Saudi-based companies have little foreign debt. Related: Major Oil And Gas M&A News That Has Yet To Make The Headlines But the impact on the Middle East overall has already been negative. On Nov 1, stock markets in the region fell because of investors’ concern that the Saudi government will have to reduce spending even further in fiscal 2016 if oil prices remain low to limit its budget deficit. Markets fell in Saudi Arabia, Dubai, Abu Dhabi and Egypt, though stocks rose slightly in Kuwait, Oman and Bahrain, where trading is traditionally light and therefore less susceptible to market swings elsewhere in the region. At its last policy-setting meeting in November 2014, OPEC decided to move ahead with its pricing strategy despite what it perceived as its short-term costs. Now those costs may be incurred over a longer term. It will be interesting to see how the cartel addresses the problem at its next major meeting on Dec. 4. By Andy Tully of Oilprice.com More Top Reads From Oilprice.com: Putin Is Taking A Big Risk With China Gas Deals What The Oil And Gas Industry Is Not Telling Investors This Merger Could Be A Game Changer For U.S. Pipeline Network . Join the discussion About the author Contributor Andy Tully News Editor . Andy Tully is a veteran news reporter who is now the news editor for Oilprice.com full bio . . Oilprice Premium Inside Investor Inside Opportunities Executive Reports Inside Intelligence Inside Markets Why Energy Investors Need Premium In Oilprice Premium The Top Three ‘Survivor̵ Bottom Fishing In Natural Gas Bottom Fishing In Natural Gas Why Investors Need To Watch Capital Flows Closely Why Investors Need To Watch Capital Flows Closely Politics, Geopolitics & Conflict – 30th October 2015 Politics, Geopolitics & Conflict – 30th October 2015 What Was Really Behind The Recent Oil Price Rally What Was Really Behind The Recent Oil Price Rally Why Investors Should Take “Lower For Longer” Seriously Why Investors Should Take “Lower For Longer” Seriously . Learn How to Profit from the Offshore Oil Boom From Our Free Weekly Newsletter You'll: •Get an inside look into the energy market •Gain investment advice from floor traders and fund managers •Get access to our top level industry contacts •See information that has previously been reserved for hedgefunds Special Reports 8 Mega Trends 8 Mega Trends By Oil & Energy Insider Analysts 8 OIL & GAS INDUSTRY MEGA-TRENDS AND HOW TO PROFIT FROM THEM Here's what our 400 global energy assets are telling us to be prepared for right now... LNG Technology LNG Technology By Oil & Energy Insider Analysts THE "FLOATING REFINERY" STOCK THAT COULD FUND YOUR RETIREMENT This company's incredible tanker technology could eliminate many of the world's offshore pipelines... Subsea Production Subsea Production By Oil & Energy Insider Analysts THE END OF OFFSHORE DRILLING? This disruptive market will grow 84% to 270% over the next five years: Discover the 6 equipment suppliers set to profit. . . Leave a comment .. . Comments . . . Martin tiller Saturn wildcat opportunity . . . . More About UsAbout UsSite NewsSitemapAdvertise with us EnergyOil PricesCrude OilGas PricesHeating Oil MetalsGoldSilverComm Alternative EnergyNuclear PowerSolar EnergyHydroelectricR Site InfoTerms & ConditionsDisclaimer OILPRICE is a CNBC Partner Site. . © 2015 OilPrice.com | OilPrice.com is a CNBC Partner Site | Google+ The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Merchant of Record: A Media Solutions trading as Oilprice.com .. |
Posted at 13/10/2015 07:30 by lofuw Tanker Companies Profiting From Low Oil Prices&n By Michael McDonald Posted on Mon, 12 October 2015 21:30 | 0 Among investors, various industries seem to go through the equivalent of “fads” as the market overall warms to growth potential in a certain industry niche and then later cools on stock prospects. This has happened with many industries large and small over time, but one of the more interesting cycles is playing out again right now in oil tanker stocks. Even though there are many investors who maintain a special interest in and focus on energy stocks, there are actually relatively few investors in oil tanker stocks. Oil tanker companies traditionally get a lot less attention from investors and financial analysts than the traditional production and pipeline aspects of the energy market. Related: This State Just Became The World's Greatest Renewables Market That’s unfortunate because the tanker markets provide valuable diversification for energy investors and can actually move up when much of the rest of the energy market is moving down. The current market environment proves this point. Even as numerous oil companies have been hammered all year and investors are grateful the short respite of the last couple of weeks, tanker stocks like Teekay&nbs There is a reason for this. Like pipeline companies, tanker stocks do not profit on the price of oil so much as the need for transportation of that oil. Whether oil costs $10 a barrel or $100 a barrel makes no difference to the cost of shipping crude and thus to the profits of tanker companies. In fact, on top of making money on volume, tanker companies see lower costs for fuel when oil prices are low. Related: Macroe Moreover, much like offshore drilling servicers (another fallen industry angel), the tanker market is driven by the supply of available ships and the demand for transport and storage of oil. That second factor – storage – is what is driving oil tanker stocks higher right now, and it’s one of the reasons why tanker stocks from NAT to FRO make interestin $80 Oil By Christmas – Do NOT Be Fooled By The Mainstream Media The current market turmoil has created a once in a generation opportunity for savvy energy investors. Whilst the mainstream media prints scare stories of oil prices falling through the floor smart investors are setting up their next winning oil plays. Click here for more info on successful oil investing As oil prices fall, what often happens is that oil futures curves start to change shape such that prices for oil delivered now fall below the price for oil delivered, say, 12 months in the future. This creates an incentive and a profit opportunity for traders. By buying cheap oil today and agreeing to deliver it 12 months from now, traders can lock in a profit, but they need a place to store that oil for the next year. Tankers provide such storage. It’s not the typical use for a tanker of course, but in special situations like depressed oil markets, it creates extra valuefor tankers and can make day rates on very Large Crude Carriers (VLCCs) and other tankers rise dramatically. Related: Energy Storage Just Got A Massive Vote Of Confidence Under normal conditions, tanker companies make a small profit as long as the market is not oversupplied with tanker capacity. A few years ago, just like the deep water drilling market today, tanker companies were making so much money that too many new vessels were built and an oversupply resulted. Today much of that imbalance has finally worked itself out and tanker rates look more reasonable. Add to that the need for oil storage as a result of the collapse in prices and the movement of the oil futures curve, and it creates a recipe for stable and even accelerating profitability in the tanker markets. It’s unclear how long the current downturn will last of course, but the longer oil prices stay low, the more money tanker companies will make from storing crude. Given that dynamic, investors may wish to consider adding a tanker stock or two to their portfolios in order to benefit if crude prices remain subdued longer than many expect. By Michael McDonald of Oilprice.com More Top Reads From Oilprice.com: How Russia Is Deploying Its Military In SyriaCan The Panama Canal Fulfill Its Global LNG Promise?LNG Bust Could Last For Years Join the discussion |
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