Nov 13th, 2015
by John Donovan.



Oil fell over 2 percent on Friday, extending the week’s loss to the largest in eight months, pressured by swelling storage of crude on both land and sea.
U.S. crude traded slightly above $40 a barrel while benchmark Brent was less than $2 from setting new 6½-year lows. The slump widened to oil products with U.S. gasoline tumbling to 10-month lows.
Oil prices have fallen in seven of the last eight sessions, with losses accelerating after U.S. government data on Thursday affirmed a seventh weekly rise in U.S. crude inventories that took stockpiles near April’s record highs.
The International Energy Agency (IEA) added to the bearish sentiment on Friday, saying there was a record 3 billion barrels of crude and oil products in tanks worldwide.
Options trading has spiked with a soaring number of options taken to sell crude if prices fall to $40 or even $25. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Nov 13th, 2015
by John Donovan.


Posted on November 13, 2015 | By Collin Eaton
HOUSTON — Royal Dutch Shell’s newest oil-production vessel began a 15,000-mile journey this week from a Singapore shipyard to the world’s deepest underwater oil field, tasked with adding more crude to a worldwide oil glut that could upend industry plans to venture deeper offshore.
The $1 billion globe-trotting ship is bearing toward the Gulf of Mexico, and is set to become the fourth ultra deep-water production facility to extract hydrocarbons from a region called the Lower Tertiary, which for oil companies is at the edge of charted U.S. waters. Shell plans to begin filling barrels next year with oil from two wells drilled in about 9,500 feet of water — the deepest-ever depth. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Nov 13th, 2015
by John Donovan.



Written by Keith Kohl: Posted November 12, 2015 at 6:51PM
After backing out of an Arctic drilling program, Shell is taking yet another hit by leaving the Canadian oil-sands in Alberta.
To put it simply: the losses were too great.
There was no way Shell would have been able to stay competitive, so it decided to opt out, taking a $2 billion hit in the process.
As you know, the slump in crude oil prices since the summer of 2014 has caused energy companies to re-think upcoming projects.
Shell’s absence leaves at least 18 future projects on hold. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Nov 13th, 2015
by John Donovan.



Phillip Inman Economics correspondent: Thursday 12 November 2015 19.42 GMT
Stock markets have tumbled on both sides of the Atlantic, after a slump in oil prices and uncertainty over the prospect for US interest rates triggered anxiety among financial traders.
German and French stock markets were also hit by reports of an oil glut …
FULL ARTICLE
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.