George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Charlie you are so funny
:)))))
That's an important article, thanks meoryou.
If the press starts reporting, and the market starts valuing the renewable side of the business, it will result in a nice rise to the share price.
Perhaps Looney's vision of BP integrated energy with a nice valuation in the future is achievable after all.
I don't believe in UFO's, but I'm not surprised that you do. Then again, Gingy's been a bit quiet, they might have kidnapped him.
Buy UFO metals
A Very Very Good Morning
Onwards and upwards .
:))))))))))))£
Crude oil prices were set for a weekly gain of about 4% after the International Energy Agency became the latest forecaster to suggest oil demand might turn out to be stronger than previously expected this year.
The IEA said Thursday that it now expects oil demand this year to grow by 1.3 million bpd, up from 1.2 million bpd last month. The agency cited maritime transport disruptions due to the Houthi attacks in the Red Sea that are adding demand for fuels.
The IEA also revised its supply forecast, but downwards. It now expects additional supply this year at 800,000 bpd. As a result, the forecast, which last month said the oil market would be in surplus, now says it will face a deficit later in the year.
The agency noted, however, that lukewarm economic growth would continue to act as a headwind for prices even as other agencies such as the IMF revised their global GDP growth outlook upwards.
A series of fresh drone attacks by Ukraine on Russian refineries also contributed to the price rally this week, especially after the energy ministry said these attacks had led to a 1.5% decline in fuel exports in February. There were drone attacks on refineries in Russia last month as well.
The latest weekly inventory figures from the United States were also bullish for prices, featuring sizeable drawdowns in fuel inventories that suggested stronger demand.
"Demand is staying high, while supplies are getting tighter, particularly on the fuel side. The refining margins are also very strong and a positive for crude demand," Reuters quoted BOK Financial senior VP of trading Dennis Kissler as saying.
As a result of the rally, which brought Brent crude to over $85 per barrel on Thursday, traders started taking profits, eventually bringing prices lower. Even so, the international benchmark was trading above $85 per barrel in midmorning trade in Asia today.
West Texas Intermediate crossed the $80 threshold earlier in the week and was trading at over $81 per barrel in mid-morning trade in Asia.oil
OUSTON (Reuters) - BP PLC said on Thursday it was in talks with the Venezuela and Trinidad and Tobago governments to develop a gas field.
BP has been seeking to increase its natural gas production in Trinidad to feed into Atlantic LNG's liquefied natural gas export facility.
BP's gas output has fallen in the last five years by almost 1 billion cubic feet per day (BCF/D) from over 2.2 bcf/d down to 1.2 bcf/d.
"BP can confirm that it is in discussions with the government of Trinidad and Tobago and the Bolivarian Republic of Venezuela on the potential development of gas resources in the Manakin-Cocuina field," said BP in a statement on Thursday.
On Thursday Venezuela's government posted a photograph of its oil Minister Pedro Tellechea meeting with BP's Trinidad President David Campbell and Trinidad's Energy Minister Stuart Young in Caracas.
The Manakin-Coquina field straddles both sides of the countries' borders and BP said the development talks are in keeping with an easing of U.S. sanctions against Venezuela.
The fields were unitized in 2015 but talks on the development were stalled upon imposition of U.S. sanctions in 2019 against Venezuela, said BP.
The field is estimated to contain just over 1 trillion cubic feet of natural gas.
(Reporting by Curtis Williams in Houston; Editing by Chris Reese and David Gregorio)
Thursday, noting that near-six-month-high crack spreads were prompting refiners to process more crude.
Crude oil prices hit a four-month high on Thursday, with the U.S. benchmark crossing over the $80 mark and Brent passing $85 per barrel after changes in supply and demand predictions that bring OPEC+ and International Energy Agency (IEA) forecasts into closer alignment.
After gaining nearly $3 on Wednesday, at 3:43 p.m. ET on Thursday, Brent crude was trading at $85.23, up 1.43% on the day. West Texas Intermediate (WTI) was trading at $81.13, up 1.77% on the day.
Earlier on Thursday, the IEA tweaked its forecasts for this year, predicting a tighter market and higher demand growth than previously anticipated, primarily due to disruption from Houthi attacks on Red Sea shipping lanes.
Since November last year, the IEA has upwardly revised its oil demand growth forecasts for 2024 four times–each time primarily as a result of Red Sea-related supply disruption potential, noting that the “global economic slowdown acts as an additional headwind to oil use”.
The IEA’s forecasts have contradicted OPEC+ forecasts for some time, with the international energy agency in May 2021 saying there was no need for new oil and gas exploration any longer due to the pace of the energy transition. February 2024 oil demand forecasts from the IEA and OPEC+ diverged by over 1 million bpd.
The IEA has now slashed its 2024 supply forecast to 102.9 million bpd this year.
In its Oil Market Report for March, the IEA now assumes that OPEC+ would continue with the voluntary cuts through 2024, which prompted the agency to change its view on the supply-demand balance this year.
"Demand is staying high, while supplies are getting tighter, particularly on the fuel side. The refining margins are also very strong and a positive for crude demand," Reuters quoted Dennis Kissler, senior vice president of trading at BOK Financial, as saying on Thursday, noting that near-six-month-high crack spreads were prompting refiners to proces
85.28$
Particularly like
“ Commodity analysts at Standard Chartered have conducted a survey on 44 oil and gas companies and found that hedging activity remains low, a sign that producers believe prices are headed higher.”
Https://oilprice.com/Energy/Crude-Oil/Bullish-Oil-Gas-Producers-Remain-Under-hedged.html
Imo, we have more chance of Looney and Dudley having an affair, than EVER seeing a penny of Rosneft cash come back to shareholders.
Because even if Russia agreed to release it, you can be sure a whinging bunch of do-gooders, would, with the help of our 'wonderful' BBC and other media, portray images of limbless children, tearful elderly in Ukraine, and BP pressured by 'green lobbyist' would hand the lot over, like a misguided 'Danegeld' in the vain hope that it would ease pressure from protesters, and HMG to tax those in the 'dirty business' of keeping us warm, driving, and paying huge amounts of taxes to keep the daily flotsam and our own takers from society eating and housed.
Yet war shares such as BaE are never criticised or burdened with stealth taxes, windfall taxes or hoards of protesters howling for their demise.
Sick to death of companies bowing to protesters and those who have no right to even be here.
No wonder BP struggles against such powerful resistance of a gullible media brainwashed public, with an diet of harrowing images of war victims or Polar bears stood precariously on a slab of floating ice.
Profit is now a dirty word, as handouts, compo and entitlement replace such as a more popular words now.
Https://deal.town/bp/bp-sustainability-report-2023-FKJST2AXN4
So far Putin has resisted the urge to do anything with BPs share of Rosneft.
By all accounts the relationship between Rosneft and BP at board level was still ok, with them accepting it was political and not a business decision.
Putin can change his mind however if Western governments start to touch frozen Russian assets
Surely we have no title now to any Russia based shares…… Putin will have cancelled them to help pay for saving Ukraine from itself ?
Does anyone know of the status of any dividends or shares held in escro belonging to BP. Not that there is any likelehood of them being an assett
The beginning of the year, and follows several attacks by drones on Tuesday.
A Lukoil refinery in western Russia caught fire after a drone attack early on Tuesday local time in what appears to be several coordinated attacks by drones from Ukraine on Russian refinery and fuel facilities.
A crude processing unit at the refinery in Nizhny Novgorod is on fire after a drone attack was carried out on Tuesday morning, Gleb Nikitin, governor of Nizhny Novgorod, wrote on his Telegram channel.
A few hours earlier, another energy facility in western Russia was also attacked by a drone.
A drone attack was launched at a fuel and energy facility in the Oryol region, governor Andrey Klychkov said on Telegram. One of the fuel tanks caught fire as a result of the attack, a representative of the local authorities told Russian news agency TASS.
Local officials in the capital city Moscow, as well as in the regions of Kursk, Tula, Voronezh, and Belgorod also reported drone attacks, without giving more details.
Lower refining capacity in the second quarter, due to refinery maintenance and emergency repairs following the attacks, could be one of the reasons why Russia said it would focus on cuts to oil production instead of exports in its voluntary supply reduction as part of OPEC+ in the second quarter, analysts say.
Https://www.livecharts.co.uk/MarketCharts/brent.php
meoryou:)