Member Info for Nomad1

The news came through late and the US markets were closed today.

Thanks Mark good info

I don’t understand why the oil price is so low over concerns about Iranian oil.
How many bpd do you think Iran is able to produce and export?
Will Iran be able to produce enough oil to make up for OPEC+1’s shortfall?
If the US let Iran export oil again they may limit the amount so they can use it as leverage in the nuclear negotiations at a later date.
OPEC+1 could cancel the extra 400,000 bpd in a heartbeat and probably will.
Any thoughts

I remember someone on here saying they lived in Asia and I thought it was you.
Odd hours it is lol

Boyo, yes sorry it was late and like you I’m a couple of hours ahead. Are you are still in Asia? I also got the dated price wrong it’s actually a bit more than they said at $101.66 so that’s good.

Dated Brent the price of cargoes bought and sold in the North Sea just passed $100.80 with a good chance it will go higher. So please will someone please explain why the spot price just dropped to $91.

LTI, Yes especially now with talk of $125 - $150 for oil in the near future.

Yep that’s mind boggling I think Shell and BP earned £900 per second

Brent $95.61 and climbing what’s going on?
Have the US Iran talks broken down?

After being chased out of the Karoo over worries about fracking and damage to the delicate environment, Shell have now been ordered by the court not to start their 6 month seismic survey off of the Wild coast. This truly is a stunning piece of rugged coastline teaming with wildlife on the eastern side of SA where the Indian and Atlantic Oceans meet. I have sailed up and down the Agulhas current from Cape Town to Durban, with pods of 1000 breaching dolphins and many species of whales following gazillions of Pilchards shimmering in the moon lite phosphorescent water.
The country desperately needs a supply gas as the Mossel Bay refinery is running out of product, and all of the oil is imported and paid for in US at $1 = 16 Rand/Zar.
SA dig up and burn coal in their power stations and export the rest for profit.
The hypocrites don’t want oil in their back yard, but out of site out of mind in someone else’s country is okay.
Many of the locals were boycotting Shell service stations especially after they found out the ANC had received a 16million sweetener from some company attached to Shell. Needless to say the energy minister wants the survey to go ahead but any oil company coming to SA is going to have a battle on their hands.

NSS, It will be months before there’s a report stating if the block is financially viable or not as they need to drill another hole first. It seems most of the chit chat is coming from the locals who know someone who works for someone who says…..

NSS, I read a couple of weeks ago that Shell wanted $3 billion but they had only been offered $2 billion from a local company. At the time there had been no offers from international oil companies. I wonder why.

The Namibian government have confirmed offshore oil again but DYOR as this is old news and we need economically viable quantities.

Does anyone remember this board having a share price guess in Dec 2020 for the following 2021 Christmas. Well as I recall only NSS and myself came close and please correct me if I am wrong.
We said £18 by the 3rd quarter results which we got to a couple of weeks early and £20 by Christmas, but I added or by the 4th quarter results so I claim bragging rights.
Do pensioners get bragging rights? Lol

Armani, Sorry not apple it was the FB/meta earnings

Armani, Shell ARD was about to sail past $54 last night but then apple dropped a bomb and it closed at $53.91. Never mind $60 at this rate it won’t take long to get to $70.

Sometimes doing nothing is a strategy

Yes Yes Yes £20

If it was not for the chancellor Rishi Sunak there’s a strong possibility we would be paying a windfall tax and things would look very different today. Order Order!

So as expected no waves from OPEC+.
They say they will try and produce an extra 400,000 bpd from March, but it’s unlikely as they missed their December target by 820,000 bpd. So far so good now what’s going to happen tomorrow with the 4th quarter results. I do hope the government don’t make Shell pay towards peoples energy bills because if they were to do this how can Shell be expected to invest in renewables.