SINGAPORE (Reuters) - Oil fell below $54 a barrel on Friday, on course to end the month down more than 20 percent, as OPEC ministers prepared to meet in Cairo to discuss potential further supply cuts as the global economic slowdown crimps oil demand.
OPEC
Oil falls below $54 ahead of OPEC meeting
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
OPEC to Discuss Another Round of Production Cuts
Having failed twice in two months to calm plunging oil markets, OPEC ministers are set to weigh another round of steep production cuts as the world's economic travails continue to drive crude prices to levels unseen in years.
Oil dives towards $50 as investor confidence sinks
Shipping brokers said on Thursday, U.S. oil trader Koch and Royal Dutch Shell had booked supertankers capable of storing 10 million barrels of crude, more than top exporter Saudi Arabia produces in a day.
Oil Slick: Oil-Market Bears Speak ChineseOr Do They?
What will it take to raise oil prices? On Monday, a Saudi Aramco supertanker was hijacked by Somali pirates. Chevron and Shell both announced pipeline disruptions in Nigeria. And yet crude oil prices barely moved, still trading around $56 a barrel.
Oil prices fall on economy fears
Oil prices have fallen because of more bad economic news and after Opec hinted it would not cut oil production soon. US light, sweet crude fell more than $1 to $55.93 a barrel. Brent crude lost 52 cents to $53.72.
Opec wants oil at $70-$90 a barrel
By Carola Hoyos
Published: November 17 2008 02:00 | Last updated: November 17 2008 02:00
The Opec cartel wants oil prices of $70-$90 a barrel, Chakib Khelil, Algeria’s energy minister and the group’s president, said yesterday as he suggested the group would try to defend this level with further production cuts.
The group, which control’s 40 per cent of world supplies, will next meet this month in Egypt and in Algeria in December. It is already cutting production to adhere to its decision to cut output by 1.8m barrels a day from November 1.
Opec raises the prospect of a cut in oil output
Oil prices continued to slide this week with crude at one point dipping below $55 a barrel - the lowest since early 2007 - as official data pointed to a longer and more intense global economic downturn than previously forecast with an accompanying slump in worldwide demand for commodities.
Shell chief says oil exploration worth it at $50 a barrel
Investment in oil sands projects is at risk because of the falling price of crude, Mr van der Veer said. The projects are the most expensive way of producing oil at the moment, he said, and Shell delayed a decision on expanding its Canadian oil sands business in October.
Shell calls force majeure on Nigeria exports due to OPEC cuts
Shell didnt detail who exactly would be getting screwed.
The dawn of a disturbing new reality
Royal Dutch Shell has dropped its proposed investment in plans to build the world's biggest offshore wind farm, the London Array, to concentrate on less risky US onshore wind power.
Supermajors must up their game or eventually face extinction
The supermajors are now going to have to up their game to avoid being relegated to lower-value service providers - or eventually face extinction.
Peak Oil: Are Oil Prices Destined to Rise Again?
THE WALL STREET JOURNAL
October 31, 2008, 12:13 pmPosted by Keith Johnson
Crude oil futures continued down on Friday, spooked by the dim outlook for the U.S. economy. Thats precisely what makes it likely oil prices will rebound next year.
A tough run upstream (AP)
Big oil companies are already finding it harder to maintain, let alone increase, production. Chevron doubled its third-quarter net profit, but said production fell 5.7% in the quarter, after ExxonMobil reported an 8% production drop yesterday.
Falling oil prices are only going to accelerate that trend, analysts warn, at a time when OPEC is accelerating output cuts and production declines at oil fields around the world is apparently increasing.
Oil cartel cuts output but price still falls
Many of the cuts will also hit energy groups working in Opec countries, including ExxonMobil and Chevron of the US, and Total, Royal Dutch Shell, Eni and Statoil of Europe.
Oil producers to slash output
Oil cartel Opec has agreed to cut production in a move that is likely to halt the recent slide in UK petrol prices.
Credit crisis, cheaper crude to boost oil M&A
Oil majors such as Exxon Mobil and Royal Dutch Shell Plc will likely use the crisis to accelerate their strategic push into North American gas production and the Canadian oil sands, bankers and analysts said.
From boom to glut
If sustained, the lower price level will have further repercussions. Big producers such as Russia and Venezuela will struggle to exert political influence through energy policy. Resource nationalism, where oil-rich governments impose tougher terms on independent companies and notably in the case of Shell in Russia force them to cede control of assets, may soon be a spent force.
Africa’s Potential to Sate World’s Oil Demand Dims
For big state-owned and private oil companies, Africa has played an outsized role. It is responsible for adding nearly a quarter of the globe's total increase in reserves over the past decade. That has been a boon for companies such as Royal Dutch Shell PLC, Exxon MobilCorp. and Total SA, all of which have struggled to replace reserves on their books
OPEC Plans Supply Cut as Crude Oil Heads Toward $50 (Update1)
The prospect of OPEC cuts, slowing economic growth and falling prices drove theDow Jones Europe Stoxx Oil & Gas Index down 25 percent in the past five weeks. Irving, Texas-based Exxon Mobil, the world's biggest oil company, fell 37 percent this year, while The Hague-based Royal Dutch Shell Plc, the second-biggest, lost 33 percent.
Oil on troubled waters
- The Observer,
- Sunday October 12 2008
Oil prices fell on Friday to below $80 per barrel, a one-year low. But analysts expect Opec to cut production at its next meeting in December, if not before. Oil majors like Shell have also sunk billions of dollars into expensive projects like oil sands and giant deep-water platforms. If oil prices keep falling, such costly investment will be scaled back. Together with Opec’s cuts, this makes it unlikely prices will fall much further. Over the longer term, global supplies remain extremely tight. Time to fill up with oil shares?
Oil’s Outlook Darkens
We now know that the global economy couldnt really handle prices above $100 and OPEC will have to figure out a price the economy can handle,
OPEC: Good is Bad – Bad is Good
The first famous cartel in the oil industry - the Seven Sisters - came in the 1920s and lasted until the early 1970s. This famous cartel dissolved only to be replaced by another.
Iraq Cancels Six No-Bid Oil Contracts
Iraqs oil minister, Hussain al-Shahristani, told reporters at an OPEC summit meeting in Vienna on Tuesday that talks with Exxon Mobil, Chevron, Shell, Total, BP and several smaller companies for one-year deals, which were announced in June and subsequently delayed, had dragged on for so long that the companies could not now fulfill the work within that time frame. The companies confirmed on Wednesday that the deals had been canceled.
Surprise Opec output cut boosts oil price
Crude oil prices climbed back over the critical $100 level after Opec on Wednesday surprised the oil markets by announcing that it would make a small but symbolic reduction in its output because the oil cartel views the market as oversupplied.
Global oil demand to fall lowest in 6 years, IEA predicts
The strains on supply today prompted the boss of Russian-based OAO Gazprom, the biggest natural gas company in the world, to predict that crude oil will reach $250 in the foreseeable future.
Oil prices slide as focus turns to declining demand
...there were warnings yesterday that Opec was unlikely to let the oil price slip much further as members of the oil producers' cartel seek to keep crude above $100 a barrel by cutting production.
Crude Oil Falls on Minimal U.S. Storm Damage, Stronger Dollar
Royal Dutch Shell Plc, Total SA, ConocoPhillips and Valero Energy Corp. are among oil and gas producers, and refiners that have started initial inspections of facilities.
Have we reached the end of the road for oil?
This means that the huge profits being made by multi-nationals such as Shell or ExxonMobil may turn out to be their last hurrah. "The days of the international oil companies are coming to a glorious end," said Fatih Birol, chief economist of the International Energy Agency, last month. "Their reserves are declining and they will have difficulty accessing new ones."
Oil caps biggest monthly loss since ’04
Tempering some of oil's losses Thursday was news that rebel attacks in Nigeria this week shut 40,000 barrels per day of output by Royal Dutch Shell adding to a string of bombings that has disrupted the OPEC nation's production.
Oil Trades Near 7-Week Low as OPEC, China Boost Crude Output
The main militant group in Nigeria's oil-rich Niger Delta region said it sabotaged two pipelines today in Rivers state. The Movement for the Emancipation of the Niger Delta said today in an e-mailed statement that the pipelines are located in Kula and Rumuekpe and that it believes they are operated by a unit of Royal Dutch Shell Plc.
Oil Falls $6.44
Separately, Royal Dutch Shell PLC has lifted a force majeure on its Nigerian Bonny oil production invoked in late May following an attack on a pipeline.
Shell increases stake in logen
Royal Dutch Shell, the Anglo-Dutch oil group, and Iogen, the Canadian biotech company, have agreed to extend their commercial alliance...
Opec sees future fall in demand for its oil
The Opec oil cartel yesterday warned it might need to slow investment in its oilfields as consuming countries reduce their oil demand through conservation and by increasingly turning to alternatives, such as biofuels.
OPEC warns against military conflict with Iran
The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an "unlimited" increase in the case of a military conflict involving Iran, because the group's members would be unable to make up the lost production.
Oil trading at $136 a barrel on Mideast tension
Renewed concerns about supply disruptions out of Nigeria also emerged as the main militant group there said it would resume attacks in the country's oil-rich river delta region because of Britain's recent pledge to back the government.
Oil’s Climb Defies Saudi Bid To Talk Prices Down
"For the moment, the market is still preoccupied with the question: How high can it go?" said Tim Evans, an energy analyst at Citi Futures Perspective in New York.
OPEC president warns no end to oil price rises
OPEC president Chakib Khelil warned Sunday that oil prices will continue to rise because of the falling dollar, in an interview in the Algeria-News.
Despite rocketing prices, outlook is bleak for oil majors
"It's more and more difficult now to know which are national companies and which are majors because the majority of the nationals are becoming internationals," said Linda Cook, head of gas and electricity at Anglo-Dutch Shell.
Worried oil chiefs fail to find consensus
The World Petroleum Congress wrapped up Thursday in the shadow of record crude prices, with concern growing about a third oil shock but with little consensus about what to do about it.
The world must kick its addiction to oil
Markets won't correct the soaring prices that threaten our economic wellbeing. So governments must
Energy Watchdog Expects Oil Markets to Stay Tight
Global oil markets will remain tight over the next five years, the International Energy Agency warned Tuesday, in a gloomy assessment that offered little respite for consumers battered by record-high oil prices.
Oil Demand Will Grow, Despite Prices, Report Says
China will account for a third of the increase in oil demand over the next five years, the International Energy Agency said.
Energy experts puzzled over oil prices
As crude soared to a new record, the head of the International Energy Agency declared that the world was in the grip of an ''oil shock,'' and the president of OPEC acknowledged he could not say whether prices would flatten out or continue to soar.
Oil ends at new record near $141 on supply worries
ABC News quoted an unnamed senior Pentagon official as saying there is an "increasing likelihood" that Israel will strike Iran's nuclear facilities before the end of the year. Such an attack could prompt Iran to retaliate, potentially disrupting oil supplies in the strategically vital Persian Gulf.
Saudi Oil Project Brings Skepticism to the Surface
...this remote patch of desert could hold the key to the soaring price of gasoline around the world.
Lorry drivers protest: New oil price record fuels hauliers’ anger
The BP chief, Tony Hayward, said it was a "myth" that financial investors buying oil futures were behind the four-year rally.
Supplies blamed for high oil prices
Shell's chief executive, Jeroen van der Veer, said: "We don't think that the financial markets are leading the speculation, Probably they follow what other people fear as long-term fundamentals."
BP chief blames states, not speculators, for record oil prices
The likes of BP, Shell, and ExxonMobil are keen to point out the increasing difficulty they have in accessing new reserves, thanks to the hardening stance of state-owned oil companies which are unconvinced that they need the help of private groups to extract the resource.
OPEC ministers meet amid market turmoil
With prices skyrocketing and supply fears growing, energy ministers from the world's major producing nations and multinational oil company heads face unprecedented challenges at this year's World Petroleum Congress.
Oil Rises for a Third Day on Dollar Declines, Output Disruption
June 30 (Bloomberg) -- Crude oil rose for a third day, trading near a record $142.99 a barrel in New York, as the slumping dollar and concern that supply may be disrupted spurred demand for commodities.
So You Think Oils Expensive Now?
Moreover, there are a number of plausible scenariostaken from todays headlinesthat could greatly impact world oil prices and take an even greater toll on US consumers. We doubt that these risks are fully priced into the market.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
