Member Info for spights

Dear mspight@hotmail.com ,
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Greetings from London.

Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated.

Oilprice Alert: This month's Intelligent Investor column, now available for Global Energy Alert members, outlines the bullish case for oil, gas, and coal. If you're an investor in the energy space then now is the time to sign up for Global Energy Alert.

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Friday, July 1st, 2022

As uncertainty builds around the supply capacity of OPEC+ and oil demand rages on despite expectations of demand destruction, bullish sentiment is building in oil markets. Now, to add to that bullish sentiment, another form of supply disruption is springing up around the world: strikes. Operations at France’s Fos Refinery were halted by strikes and Norway’s offshore production was heavily impacted by them as well. It seems the oil market is under siege from all sides, from fundamental tightness to underinvestment, disruptions related to the war in Ukraine, and now strikes.

OPEC+ Summit Fails to Impress. OPEC+ agreed to maintain a 648,000 b/d increase in its production target for August, keeping its commitment unchanged despite increasing evidence that spare capacity within the oil group has thinned to its lowest level in years.

Have a great weekend
Looking better for Monday
https://www.livecharts.co.uk/MarketCharts/brent.php

https://www.livecharts.co.uk/MarketCharts/brent.php

https://www.livecharts.co.uk/MarketCharts/brent.php

28.16 USD -0.60 (2.10%)

https://www.livecharts.co.uk/MarketCharts/brent.php

https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Jump-As-OPEC-Confirms-648000-Bpd-Production-Hike.html

https://www.opec.org/opec_web/en/press_room/6948.htm

Price last Friday on Bp website
I used my dividend for a holiday:)
https://www.bp.com/en/global/corporate/investors/investor-tools/share-price-history.html

https://finance.yahoo.com/news/bp-lon-bp-adds-us-054914729.html

Marshall Wace shorting
Still have .79%

Marshall Wace
My worry is we will be bought out on the cheap

Every day down

https://www.opec.org/opec_web/en/311.htm

https://oilprice.com/Latest-Energy-News/World-News/Oil-Likely-To-Hit-200-SEB-Group.html

112$

https://www.livecharts.co.uk/MarketCharts/brent.php

https://www.reuters.com/business/energy/opec-begins-policy-debate-capacity-constraints-loom-2022-06-29/

https://www.livecharts.co.uk/MarketCharts/brent.php

Bernard Looney

Azerbaijan is one of my favourite places in the entire world. I love the country, but what truly makes it special is the people. It also means a lot to bp and – because of what our teams have achieved over the last 30 years – to the world.

Take the Shah Deniz gas field, for example, where our people’s performance is simply off the charts. Then there’s one of the world’s greatest oil fields – Azeri–Chirag–Gunashli – where our team is working tirelessly. Not to mention Azerbaijan’s huge potential for lower carbon energy.

This place – these teams – are really delivering. People need secure, affordable and lower carbon energy – it was great to talk with the region about their role in providing that. It was even greater to hear their work recognized by President Ilham Aliyev when I sat down with him.

For three decades Azerbaijan has been a good friend to bp. We don’t – I don’t – take that partnership for granted. And we’re with you every step of the way.