Jan 22nd, 2016
by John Donovan.

By Muhammad Ali Khawar on Jan 22, 2016 at 8:14 am ESt
A few days before the shareholders’ meetings on January 27 and January 28, the proposed merger of Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and BG Group has received major support from one of the biggest shareholders of Shell. According to Reuters, Norges Bank Investment Management said it will vote in favor of the proposed merger.
The $790 billion Norwegian fund is the fifth largest investor of European giant, Shell. It believes, amidst low oil prices, the deal will make both the energy companies stronger. The transaction will also be positive for the long-term interests of the companies’ shareholders, the bank added. read more
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Jan 22nd, 2016
by John Donovan.

By Ed Crooks: January 22, 2016: Jan 22, 2016
Another week, another fresh 12-year low for oil prices. The trigger for the latest leg down in crude, which took US benchmark West Texas Intermediate close to $26 per barrel on Wednesday, was a report from the International Energy Agency warning that “the oil market could drown in over-supply”. For a third successive year, it looks likely that global oil supply will in 2016 exceed demand by more than 1m barrels per day, leading to a continued accumulation of stocks in storage. Could the oil price go lower still, the IEA asked rhetorically, and replied: “the answer to our question is an emphatic yes. It could go lower.” 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
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John Donovan. There is also a
Wikipedia feature.
Jan 22nd, 2016
by John Donovan.

Moody’s will also review the ratings of two U.S. refining joint ventures linked to Shell, Motiva Enterprises LLC and Deer Park Refining LP.
Royal Dutch Shell Plc, Total SA and Statoil ASA, three of Europe’s biggest oil producers, were among more than 100 energy companies whose credit ratings were placed on review for possible downgrade by Moody’s Investors Service.
The reviews come after the rating company cut its oil-price forecasts and should for the most part be completed this quarter, Moody’s said in a statement on Friday. Prices may recover more slowly than companies expect and there is a risk they may fall further, it said. 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.
Jan 22nd, 2016
by John Donovan.

By City & Finance Reporter for the Daily Mail: 22 JAN 2016
Hedge funds are taking bets that shares in Royal Dutch Shell and Sainsbury’s will fall further.
Shell, which is down nearly 15 per cent so far this year and is hoping to buy gas giant BG Group in a £36billion deal next month, has around 5 per cent of its shares out on loan.
Investors are ‘shorting’ its shares – borrowing shares and selling them with a view to buying them back at a lower price in future.
According to financial research firm Markit, £2.6billion of short positions have been registered in Shell, which means short interest now stands at a record high for the energy firm. 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.