2017-10-02 14:40:00
SHELL'S INVESTMENT RISKS
FT - It must be tempting for Ben van Beurden to crow, "told you so," to critics who questioned his decision to commit Royal Dutch Shell to the $50bn takeover of BG Group during the depths of the oil market downturn in 2015.
Two years later, the enlarged group is generating more cash at oil prices of less than $60 a barrel than it did when crude was trading below $100. More than $10bn of annual operating costs and $20bn of capital expenditure have been stripped away, and net debt is on course to end the year $17bn lower than at its peak after the BG deal.
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2019, November, 11, 13:00:00
IRAN'S LPG FOR CHINA DOWN
Trader estimates for cargoes loading from Iran bound for China in November generally ranged between seven and 10. Some said the number was lower at six to seven, while one source said it did not exceed nine.
2019, November, 11, 12:55:00
BALANCING THE GLOBAL ENERGY SYSTEM
“Increased global and regional temperatures patterns, changes in precipitation amounts and seasonal distribution, a sea level rise, and changing characteristics of various extreme events such as increasing frequency, intensity, duration or even spatial extent of heat waves, droughts and storms, are forecast by most global and regional climate models,” said Loreta Stankeviciute, an IAEA energy systems analyst.
2019, November, 11, 12:50:00
AFRICA'S ENERGY DEMAND GROWTH TWICE
Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.
2019, November, 11, 12:45:00
UAE GDP GROWTH 2.5%
Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.
2019, November, 11, 12:40:00
U.S. RIGS DOWN 5 TO 817
U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,
2019, November, 8, 11:35:00
OIL PRICE: NOT ABOVE $62
Brent was down 44 cents, or 0.7%, at $61.85 a barrel, WTI was down 50 cents, or 0.9%, at $56.65 a barrel.
2019, November, 8, 11:25:00
GAZPROM, UKRAINE STRATEGIC ISSUES
Alexey Miller pointed out that a number of strategic issues need to be resolved prior to the signing of a new transit contract.