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Member Info for thistle


Member Since: Mon, 11th Oct 2010

Number of Share Chat Posts (all time): 13,538
Number of Share Chat Posts (last 30 days): 15

Last Posted: Thu 15:43


Post Distribution over the last 30 days




Thu 15:43


my 'waiting for a miracle' drawer has collapsed under the weight! lol.that many lost count, feels more like dead and buried The drop brought me here! But after reading your post not for me at this time. ATB

Thu 09:42


The recent crash in oil prices has made BP’s road to recovery from a massive setback it faced as a result of the 2010 Deepwater Horizon incident even more challenging. Just when the company’s underlying business seemed to be on the cusp of a turnaround with new upstream projects adding to both production and profitability, it now faces a potentially prolonged cycle of depressed commodity prices, coupled with huge uncertainties related to additional liabilities from the oil spill incident. In this article, we look at the key strategic steps BP is taking to ride through the commodity down cycle.



http://www.forbes.com/sites/greatspeculations/2015/02/25/how-does-bp-plan-to-ride-through-the-oil-crash/
Wed 12:33


like bees to honey! lol :o)
Wed 12:13


to see this top of the leader board today
20 Feb '15


are climbing even as prices plunge

You’d never know oil’s price is tanking by eyeballing supplies.

Oil inventories appear to be defying conventional wisdom, hovering near 80-year highs even as prices have tumbled by more than half since crude oil’s peak last June.

A report from trade group the American Petroleum Institute late Wednesday showed a jump of 14.3 million barrels in crude supplies for the week ended Feb. 13 — prompting some following the oil market to call it “ridiculous,” “shocking,” or “gargantuan.”

Indeed, U.S. stockpiles of crude continue to grow and the EIA referred to the 425.6 million-barrel total as “the highest level for this time of year in at least the last 80 years.”

It is worth noting that API and EIA reports calculate inventories differently.

“Bottom line is the API data [are] voluntary,” notes John Macaluso, research analyst at Tyche Capital Advisors. But for companies which carry or store 1,000 barrels or more of crude oil, the EIA’s survey is mandatory.

And “it always seems that API tries to catch up with EIA data, which is a much more detailed report,” said Macaluso. Last week, the API said crude stockpiles rose 1.6 million barrels for the week ended Feb. 6, while the EIA said they were up 4.9 million.

But no matter how you measure it, oil’s supply glut doesn’t look like it is set to abate soon.

http://www.marketwatch.com/story/mounting-oil-supplies-approach-virgin-territory-even-as-prices-drop-2015-02-19


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