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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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TXO | LSE:TXO | London | Ordinary Share | GB00B3SYR037 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.045 | - | 0.00 | 01:00:00 |
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24/10/2018 10:47 | 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 | lofuw | |
24/10/2018 10:47 | 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 | lofuw | |
24/10/2018 10:47 | 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 | lofuw | |
24/10/2018 10:47 | 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 | lofuw | |
23/10/2018 19:07 | Tim's getting really worried about what is in store for him having a major spam fest today. | sweet karolina | |
23/10/2018 10:34 | 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 | lofuw | |
23/10/2018 10:23 | 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 | lofuw | |
23/10/2018 10:23 | 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 | lofuw | |
23/10/2018 10:22 | 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 | lofuw | |
23/10/2018 10:22 | 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 | lofuw | |
23/10/2018 10:22 | 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 | lofuw | |
08/10/2018 20:11 | Chris Foster trying to revive the old Tasmanian oil farce: | sweet karolina | |
11/7/2018 15:19 | Of course it is! Who else would only come out of hiding to post extensive drivvle in order to bury illuminating information. Well done SK. | outspan | |
06/7/2018 18:16 | Wow, no posts for a week till mine after not being here since years - and then … lofuw 6 Jul '18 - 15:23 - 8021 of 8024 (Filtered) 0 0 0 lofuw 6 Jul '18 - 15:23 - 8022 of 8024 (Filtered) 0 0 0 lofuw 6 Jul '18 - 15:24 - 8023 of 8024 (Filtered) 0 0 0 lofuw 6 Jul '18 - 15:24 - 8024 of 8024 (Filtered) 0 0 0 Is this really Tim Baldwin? | glenalmond | |
06/7/2018 09:27 | Not been this way in a few years. Good to see you still fighting the good fight, Sweet Karolina. Good man! Is Tim in jail yet? If not, why not and when will he be? | glenalmond | |
29/6/2018 19:26 | Good to see Tim getting the dormant company accounts for cleaner fuels in at the last possible minute. Still got the huge sum of £195.65 in the bank as the only asset. | sweet karolina | |
24/4/2018 16:03 | I guess not without your determined intervention so no credit due at all to ICAEW and well done you! Just makes you realise how much jiggery pokery goes on in full view of the regulators but on which they fail to act. Shame on them! | outspan | |
20/4/2018 22:17 | Finally Kingston Smith - TXO's auditors face disciplinary action from ICAEW over the fraudulent TXO accounts they negligently signed off on. | sweet karolina | |
16/3/2018 20:16 | I note John Taylor has quit at Cleaner Fuels. Another Tim Baldwin flop. What a great gift those shares were to trapped TXO holders. At least no one was stupid enough to fall for the BS great opportunity to lose even more money placing Tim tried and failed to con trapped TXO holders into. In about a month I should finally know the outcome of the ICAEW investigation into TXO's auditor, then it will be time to go after the people who put those lies together in the annual report in the first place. | sweet karolina | |
19/2/2018 22:52 | My complaint to ICAEW about the diabolical job Kingston Smith did auditing TXOs last accounts for year to 30 Mar 15 produced Sep 15 finally goes to the investigation committee on 10 April 2018 a full 2 1/2 years after it was first made. Is it any wonder nobody has any faith in the regulators. | sweet karolina | |
06/2/2018 10:19 | Lube News.. AKA ' in my honestly held opinion' news SweetKarolina AKA /ih_318421/Recovery Stock/ Drunken sailor/Newt seaman/ Ceilingcat Rec0very Stock - 17 May 2013 - 14:33:52 - 9832 of 12972 Txo Plc - Oil And Gas Exploration And Production - TXO Black Gold I think this excellent post by ih_318421 who is also Drunken Sailor answers your question. .................... ih_318421 - 03 Jul 2014 - 20:21:07 - 6922 of 8014 TXO PLC (Texas Oil and Gas): CHART AND DISCUSSION THREAD (moderated) - TXO Also from last year's interims: "Tortuous Interference The Board of TXO Plc has been aware of malicious blogging and other actions by an individual who has no address or telephone number. This has been on-going for at least the past 12 months, increasing in malice and frequency against the Company since the beginning of 2013. This individual blogs under a number of different pseudonyms. The Company is taking steps to deal with this but shareholders are advised to ignore malicious blogs and first verify facts with the Company's announcements." Before posting I do check what lies were told in the Company's announcements, Shareholders who followed Blobby's advice and ignored the factual posts in favour of misleading and ambiguous company announcements are down over 60% on this time last year as a result. Nice one Blobby! see you at next year's AGM, this year's was such fun I almost can't wait. | supersonico |
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