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Posts on ‘September 30th, 2016’

Oil falls as investors cash in on OPEC deal rally, dollar rises

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Oil falls as investors cash in on OPEC deal rally, dollar rises

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The United States, now the world’s biggest oil producer but not a member of OPEC, said it had little faith in the deal leading to higher prices in the long term. Amos Hochstein, the U.S. energy envoy, said in a Reuters interview the deal will either lead to higher U.S. production and trigger another price fall or allow U.S. producers to expand market share.

By Karolin Schaps | LONDON

Oil prices fell on Friday on a stronger dollar and as investors cashed in on a 6-percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide.

Global benchmark Brent crude futures LCOc1 were down $1.03 at $48.21 a barrel by 1006 GMT, but still 4.5 percent higher than before the OPEC agreement on Wednesday.

U.S. crude CLc1 was down 66 cents at $47.17 a barrel, around 5 percent higher than before the OPEC announcement. read more

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Oil prices continue to fall as doubts over OPEC agreement build

MARKETWATCHOil prices continue to fall as doubts over OPEC agreement build

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By Jenny W. Hsu and Sara McFarlane

Published: Sept 30, 2016 6:49 a.m. ET

Oil futures fell Friday as investors cashed in their recent gains and skepticism grew over a tentative agreement to cut production among members of the Organization of the Petroleum Exporting Countries.

FULL ARTICLE

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Shell estimates annual Argentina investment of $300 million through 2020

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Screen Shot 2016-07-20 at 07.42.44Shell estimates annual Argentina investment of $300 million through 2020

Thu Sep 29, 2016 | 8:50pm BS

Royal Dutch Shell (RDSa.L) plans to invest $300 million a year in Argentina through 2020 in exploration as well as refining, distribution and marketing, the company said in a statement on Thursday.

The announcement came after Shell Chief Executive Ben van Beurden met with Argentine President Mauricio Macri in Buenos Aires. Shell has been working to launch an early production well in Argentina’s Vaca Muerta shale reserves.

(Reporting by Juliana Castilla; Writing by Caroline Stauffer; Editing by Peter Cooney) 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

OPEC decision on daily oil output freeze to have no impact on Shell’s strategy Zoom

OPEC decision on daily oil output freeze to have no impact on Shell’s strategy

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September 29, 2016

Baku-APA. The Organization of the Petroleum Exporting Countries’ (OPEC) agreement to freeze daily oil output will not affect Royal Dutch Shell ‘s current strategy, a spokesman for one of the world’s largest oil companies told Sputnik on Thursday, APA reports quoting Sputnik.

On Wednesday, OPEC oil producing countries agreed a preliminary deal on the sidelines of an international energy forum in Algiers, Algeria. The output ceiling was set at 32.5-33 million barrels a day for the whole cartel.  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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