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Posts on ‘December 11th, 2015’

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11 December 2015

The oil price has fallen to a new seven-year low after the International Energy Agency (IEA) forecast a slowdown in growth in demand for oil.

The price of Brent crude oil fell below $39 a barrel at one point, its lowest since December 2008.

The IEA said demand in the current quarter was growing by 1.3 million barrels a day, down from 2.2 million barrels in the previous quarter.

The IEA predicts that will slip back to 1.2 million barrels a day next year.

The price of Brent crude fell to $38.90 a barrel at one point, before recovering slightly to $39.13 – still down 60 cents in the trading session. US crude oil also fell, down 50 cents to $36.12 a barrel. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Crude-oil prices are in a nasty death spiral

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By Myra P. SaefongDec 11, 2015 10:42 a.m. ET

Crude-oil futures have been facing severe headwinds since last year, when prices for the U.S. and global benchmarks shed more than half their value from the highs seen in June 2014. Now, crude oil faces another stunning unraveling.

The commodity has already lost a third of its value in 2015…

On Friday, West Texas Intermediate crude CLF6, -3.81% took another step lower, dipping below $36 a barrel after the International Energy Agency said the oil-supply glut would continue to keep prices low. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell’s New Zealand review sign of rationalisation as BG merger moves closer

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Screen Shot 2015-11-20 at 08.55.47Written by Niamh Forrest – 11/12/2015 7:41 am

Oil major Shell is shifting to portfolio rationalisation as the move to a merger with BG Group nears one step closer, according to a leading analyst.

Tom Ellacott, from Wood Mackenzie’s Corporate Analysis team, said a combined portfolio between the two companies will now be defined by its geographical reach.

He said up to five country exits could be on the cards.

Shell has been in New Zealand for more than 100 years with an 84% stake in the Maui field. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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