Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Rolls-Royce Holdings plc Rolls-Royce Completes Sale of ITP Aero
https://uk.advfn.com/stock-market/london/rolls-royce-RR./share-news/Rolls-Royce-Holdings-plc-Rolls-Royce-Completes-Sal/89069466
Oil slumps to lowest level since January
Oil prices slipped Wednesday to their lowest levels since Russia invaded Ukraine on fears of what global economic uncertainty and recession risk means for demand.
West Texas Intermediate crude fell 3.7% to $82.93 a barrel, the lowest level since Jan. 24. Brent crude futures slipped 3.4% to hit $88.92 a barrel, its lowest level since Feb. 3.
Natural gas also fell.
https://www.cnbc.com/2022/09/06/stock-market-futures-open-to-close-news.html
What a Peace Deal for Ukraine Might Look Like
https://dailysceptic.org/2022/08/31/what-a-peace-deal-for-ukraine-might-look-like/
Let us change the subject to something interesting !!!!!
Filling Gasoline Cars Could Become Cheaper Than Charging EVs In The UK
https://oilprice.com/Latest-Energy-News/World-News/Filling-Gasoline-Cars-Could-Become-Cheaper-Than-Charging-EVs-In-The-UK.html
Rolls-Royce and Air China announce Joint Venture for new maintenance, repair and overhaul facility in Beijing
https://www.rolls-royce.com/media/press-releases/2022/01-09-2022-rr-and-air-china-announce-joint-venture-for-new-maintenance-repair-and-overhaul-facility.aspx
In my opinion, one of the reasons for RR.’s share price volatility is the uncertainty over the appointment of the next prime minster as the two candidates have different policies towards RR. After all, the government is the biggest client of RR. This volatility will likely be continued for the next two days and if Liz Truss is appointed as the next PM on Monday then this will have a positive effect on the future of RR.’s and the share price will rise accordingly.
Iran Is Ready To Release Millions Of Barrels Of Oil Into The Market
https://oilprice.com/Latest-Energy-News/World-News/Iran-Is-Ready-To-Release-Millions-Of-Barrels-Of-Oil-Into-The-Market.html
Czech Republic Calls Emergency EU Meeting On Energy Crisis
https://oilprice.com/Latest-Energy-News/World-News/Czech-Republic-Calls-Emergency-EU-Meeting-On-Energy-Crisis.html
IAG, easyjet, RR.,..... share prices have fallen every single day of this week while the airlines stock in US has had a mixture of rise and fall throughout the week. It seems some DARK FORCES are controlling the stock market so that there is no money to be made. One has to be very careful about investment in such a market which has a BLACK HOLE and it sucks the money in with no return!!!!!
Oil Slumps on Potential of Iranian Crude Entering The Market
https://uk.finance.yahoo.com/news/oil-extends-weekly-drop-traders-225027579.html
What Is Rolls-Royce Holdings plc's (LON:RR.) Share Price Doing?
https://uk.finance.yahoo.com/news/rolls-royce-holdings-plcs-lon-080131210.html
Rolls-Royce share price is 21% undervalued. Is it a good buy?
https://invezz.com/news/2022/08/12/rolls-royce-share-price-is-21-undervalued-is-it-a-good-buy/
Cw1966,
I do not feel that I have been offended by you. We are just exchanging different views and learning from each other and this is the name of the game.
I have a great respect for you as valuable member of the board and I wish you a good luck with your investment.
@cw1966
I said in my earlier post that the content of the security pact was never disclosed to the general public but the oil price has remained stable since then. It seems that we have a different opinion on this matter and only time will tell who is right.
In defence of my viewpoints, I can confidently say that I have been totally right since I posted the following viewpoints on 23rd June 2022 when the oil price was trading about US $115. You can check my history to find out the truth.
Oil price will come down below S100 and stabilise at that level in the next couple of months as Venezuela is already supplying oil to the Italians and Spanish refineries with green light from USA. Chinese and Indians are buying Russian oil at a 20% discount in large volumes. Joe Biden will visit Saudi Arabia in the next 3 weeks in order to sign up a security pact and ask the Saudi to increase the oil production by 2 million barrel per day in return. The recent share fall is mainly due to recession fears on the global economy and the weakness will continue until October time.
@cw1966
On 23 June 2022, I posted my viewpoints about the oil price and I said the oil price would go below US $100 and I still say the same thing.
Biden signed a security pact with Arabic countries in return for the increase of oil production when he visited Saudi Arabia back in July 2022. The content of the pact was never disclosed on the request of Mohammed bin Salman of Saudi Arabia as he wanted to be impartial about the conflict between Russia and western countries. He said that he has to honour the OPEC and OPEC PLUS agreement for now and he will not let the world to face oil shortages and price to rise up. Oil price has remained under US $100 since then and I truly believe it will not rise.
On the other development, US and European politicians are actively involved in negotiation with their Iranian counterparts to control their nuclear activities and remove the US sanctions so that the Iranian oil will come to the market and they receive the fund through the banking systems. The outcome of this negotiation will come before 10th September otherwise, the Iranian nuclear activities will be referred to UN and the global sanctions will return to Iranian economy.
US politicians are trying all the options to control the oil price and about two months ago, they gave a relief sanctions to Venezuela to supply oil to the European market.
Oil Price is under the close watch of Biden administration and it will not go above $100 for foreseeable future. They have a secret agreement with the several Arabic countries namely Saudi Arabia, UAE, Kuwait, Oman and Bahrain to increase the production whenever is necessary in order to keep the price under control and the world market is not short of oil for now.
The Russian are producing 5% more than their quotation before the invasion of Ukraine and Chinese and Indian are the main buyers of Russian oil with 20% discount. Chinese are making more money this way as the oil is pumped to China through the pipelines so that they do not have to pay for oil tanker, insurance, and so on. The Indians use some of the Russian oil for their own use and refine the surplus oil and sell the refined products to the neighbouring countries and making a good profit out of this. Saudi Arabia is supplying more oil to the western countries as the Chinese have lowered their imports from them.
Keeping the oil price down is the most effective way to decrease the inflation and US politician are determined to do it. US Stock market will rise gradually as the 2022 midterm elections will be held on Tuesday, Nov. 8, 2022
The US market is paving the way for the Midterm Election on 8th November 2022. In my opinion, the US market will go up steadily up to December in oder to show that the economy is under control and encourage the voter to vote for Democrat's candidates. The UK stock market will follow the US market too.