Member Info for Nomad1

Back in the green £14.76 up .64%
£15 yes no

Sorry my reply was to Barrieprov not Zaman.
Also the Saudi oil minister said we don’t care about the prices/money and their own personal cuts were open ended. He went on to say at present they are not worried about US shale unlike the Russians.

Zaman, Besides the NASDAQ it the S&P 500 that’s tech heavy not the DOW which is industrials including oil but what do I know. The Dow did get hit yesterday and dropped 700points but soon came back up along with the SP. In the US the SP dropped $1.32 but also came back up 50%.

The Saudi minister said we don’t care about money!
Brent futures $68 pb and well on the way to $75pb.
With the expected growth coming out of the plague a $100pb is highly lightly next year. Will we pass £15 today maybe, who knows but £16 is around the corner.

Closing at £14.66 and hopefully £15 tomorrow

Amazing no change at OPEC+ output unchanged.
Oil jumps 5%. RDSB over $41

Oil surges after record a US fuel supply drop from the deep freeze

I thought ex dividend was on Thursday the 1st April not the 6th or 8th.

I think many were on their last legs for whatever reason so decommissioning was already on the cards. As far as getting them back on line it would depend if they have been maintained or not because the rot would set in quickly especially as they are usually next to the coast. If they are past their use by date there’s no way they are going to throw good money down the drain firing them up again. I read some countries were just going to farm out the refining altogether, if however the plan was to replace them with new refineries then that will cost a lot of money and take a long time.

NSS
Yes lack of exploration, appraisal and development but there’s also fewer refineries around the world due to cut backs

Asia markets:
Brent futures are up 1.8% due to Biden’s stimulus package moving along.

The long awaited $1.9 billion Corona virus Aid bill has just been passed and is now on its way to the US senate for approval.
Bullish bankers are betting on $100 pb in 2022.

I remember Blade Runner 2049

TC. The other thing which is often overlooked by 2050 there will be another 2 billion people on the planet mostly in second and third world countries and they won’t be going electric anytime soon.

Shell reports global LNG demand is expected to double by 2040.

We are going to sail past £16 the SP just went up nearly £1 in a day, Brent is $67pb and on the way to $75pb and we are still in February.
I think after we get the third quarter results we will be over £18 and on the way to £20 by years end.IMO

Crude oil inventories rose to 1.29 MLN barrels according to the EIA.
U.S markets RDSB is $40 that’s the highest it’s been for a year.
Brent futures $67 pb.
RDSB.L £14.15 and rising

Brimmer and Char filter and ignore the awful ***** and her imaginary friends, she’s a classic example of a cranky woman who isn’t getting any !

The North Sea oil market has recently seen 20 bids but almost no sellers.
I’m not selling any shares

Besides the shut down of hundreds of rigs from Texas to Dakota and the closure of the gas exporting ports, all of the huge refineries with a capacity of refining 3 million bpd are also closed. There have been black outs due to the power demand for heating which must be seriously depleting their stock.