Member Info for Primetime51

Brent crude oil futures fell to around $64.5 per barrel on Tuesday, weighed down by concerns over a further increase in OPEC+ supply. The group is set to meet later this week and will likely finalize July production targets, with reports indicating a potential output rise of 411,000 bpd. Earlier this month, OPEC+ agreed to accelerate oil output increases for a 2nd straight month in June. However, losses were capped after US President Donald Trump announced an extension of trade talks with the EU until July 9, easing fears of tariffs that could dampen fuel demand. Meanwhile, Iran on Monday rejected suspending uranium enrichment as part of a nuclear deal with the US, just days after Trump hinted agreement may be imminent. Iranian President Masoud Pezeshkian also said that Iran would be fine even if the sides are unable to come to a deal. A failure in the nuclear talks would mean continued sanctions on Iran, which would restrict Iranian oil supply and provide support to oil prices.

Https://www.thisismoney.co.uk/money/comment/article-14745697/HAMISH-MCRAE-Bumpy-summer-ahead-Britains-finances.html

Good old Labour will be back to pinch a pocket or 2

Brent crude oil futures rose toward $65 per barrel on Monday, marking a second consecutive session of gains, after President Donald Trump announced a delay in imposing steep tariffs on European goods. Trump on Sunday said the implementation of proposed 50% tariffs on imports from the EU would be pushed back from June 1 to July 9 to allow more time for negotiations with the bloc. The move eased concerns about a trade war that could dampen global economic growth and weaken energy demand. Oil prices were also supported by rising geopolitical risks in the Middle East. Israel’s military said on Sunday that it plans to capture 75% of the Gaza Strip within the next two months, raising concerns about a broader regional conflict. In addition, reports of limited progress in US-Iran nuclear talks alleviated concerns of more Iranian oil returning to global markets.

Watched a few times sounds like it is going to be a waiting game for BP to start releasing true value in sp .

1 problem we have is we do not know @ what price poo will be heading

Wonder if Thump understands the certainty of the consequencies ?

I don't think Trump understands what his job is as a leader of USA

One for you BB

https://oilprice.com/Latest-Energy-News/World-News/Trump-Slams-UKs-North-Sea-Energy-Policy-Again.html

No deal made

US-Iran latest nuclear talks end with limited progress, as Tehran sources express skepticism

Https://oilprice.com/Energy/Crude-Oil/Oil-Rig-Count-Plunges-Amid-Scary-Price-Environment.html

All 3 shorts reduced on 22/5

Maybe loaded again today ? you will only find out on Monday

GLA

Oil prices have been range-bound after weeks of wild swings, with both positioning data and traded volumes indicating traders are taking a breather to assess where Brent futures would be moving next. With Brent at $65 per barrel and WTI at $62.5 per barrel, the next big pricing move might come from the Russia-Ukraine or US-Iran negotiations.

Yep just there to take his big fat wage packet

@ Auson

Lets hope 50% stake in the Lightsource BP goes 1st

Still would like to keep Castrol or @ least get a good price

Can do with some good News to put a floor under BP sp

All these moves are due to Elliott putting pressure on Murray

GLA

In a fresh blow for Chancellor Rachel Reeves figures showed UK borrowing hit a worse-than-expected £20bn last month. Bond yields on both sides of the Atlantic soared. Yields on UK 30-year bonds climbed above 5.6%, nearing levels seen at the time of Donald Trump's 'Liberation Day' tariff announcement - which were the highest since 1998.

@ Jakers

Yes Castrol is very profitable for BP

Now if BP were to down pay there debt with all the money they get maybe ok but if some is used for share buy backs which they do not cancel i would not like that for feck sake 99% of buy backs from other company get cancelled BP put them in Treasury

Https://www.reuters.com/sustainability/sustainable-finance-reporting/bp-seeks-buyers-castrol-lubricants-unit-reach-20-billion-divestment-goal-sources-2025-05-22/

I'm not happy this part is going i would rather the ditch the Nut zero stuff 1st

What's everyones thoughts on this ?

Markets are closely watching Friday’s Baker Hughes rig count, a key gauge of future US oil and gas output.

This might have a clue as to if US oil & gas are hurting with poo back down @ these levels

gla

EASYJET PLC Citadel Advisors Europe Limited 0.84% + 0.34%

You can see why EZJ took a big Dive this morning Hopefully they reduced today

I'm not to happy i sold today but have seen a good profit go to zero before

I wish you all well as EZJ is a good airline

GLA

I would like to see more dead wood gone at BP than sell Castrol lubricants division by initiated large scale redundancies @ the top is were i would start

Https://www.gurufocus.com/news/2883404/bp-bp-seeks-to-boost-share-price-with-castrol-sale

BP (BP, Financial) has commenced the sale of its Castrol lubricants division, engaging Goldman Sachs to navigate this substantial transaction. This strategic decision aligns with BP's overarching objective to generate $20 billion from asset sales by 2027. The Castrol unit alone is anticipated to attract offers in the range of $8 billion to $10 billion.

I'm not liking this.