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කිත්සිරි ද සිල්වා
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කිත්සිරි ද සිල්වාTop contributor
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Age : 66
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Iran Signs Oil Deal With Total, Deal Done In Euros
Tue Feb 09, 2016 5:21 pm
As Airbus and Peugeot finally return to post-sanctions Iran, the trade-off is Iranian oil, with French Total SA taking the plunge in an agreement to buy up to 200,000 barrels per day of Iranian crude--but the catch is that sales will be in euros.
Deals signed just over a week ago when Iranian President Hassan Rouhani met his French counterpart, Francois Hollande, in Paris included some 20 agreements and a $25-billion accord under which Iran will purchase 73 long-haul and 45 medium-haul Airbus passenger planes to update its ageing fleet. Carmaker Peugeot—which was forced to pull out of Iran in 2012--also agreed to return to the Iranian market in a five-year deal worth $436 million.
In the reverse flow of the new deal, Total has agreed to buy between 150,000 and 200,000 barrels of Iranian crude a day, with company officials also noting that Total would be looking at other opportunities as well in oil, gas, petrochemicals and marketing.
According to Iranian media, Total will start importing 160,000 barrels per day in line with a contract that takes effect already on 16 February.
Read more
Read the end of the Heading !
Deals signed just over a week ago when Iranian President Hassan Rouhani met his French counterpart, Francois Hollande, in Paris included some 20 agreements and a $25-billion accord under which Iran will purchase 73 long-haul and 45 medium-haul Airbus passenger planes to update its ageing fleet. Carmaker Peugeot—which was forced to pull out of Iran in 2012--also agreed to return to the Iranian market in a five-year deal worth $436 million.
In the reverse flow of the new deal, Total has agreed to buy between 150,000 and 200,000 barrels of Iranian crude a day, with company officials also noting that Total would be looking at other opportunities as well in oil, gas, petrochemicals and marketing.
According to Iranian media, Total will start importing 160,000 barrels per day in line with a contract that takes effect already on 16 February.
Read more
Read the end of the Heading !
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
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Oil prices are being driven down by debt
Tue Feb 09, 2016 5:24 pm
The price of oil is being driven down by one simple thing: debt.
In a post on Monday, Mark Dow at Behavioral Macro outlined the simple, but elegant and persuasive theory about why oil prices have been driven so low and why they remain their today.
Quite simply it is about how oil companies were financed.
Read more
In a post on Monday, Mark Dow at Behavioral Macro outlined the simple, but elegant and persuasive theory about why oil prices have been driven so low and why they remain their today.
Quite simply it is about how oil companies were financed.
Read more
- කිත්සිරි ද සිල්වාTop contributor
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Gold price surges to highest level since June as share prices slide
Tue Feb 09, 2016 5:26 pm
The price of gold jumped 2 percent to a 7-1/2-month high on Monday, briefly nudging above the psychological level of $1,200 an ounce, as sliding stock markets and worries over global economic growth prompted investors to seek safety.
Stock indexes worldwide tumbled on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky, such as bullion.
Spot gold (XAU=) reached a peak of $1,200.60 an ounce, its strongest since June 22, after breaking key resistance at its October high at $1,190.63. At 3:02 p.m. EST (2002 GMT) it was up 1.8 percent at $1,194 an ounce.
"The drive for gold today is purely tied to the risk type of trade," said Eli Tesfaye, senior market strategist for brokerage RJO Futures in Chicago, pegging the next target level at $1,210.
"People have to move their equities out of there, have to put (money) into safer assets."
U.S. gold for April delivery settled up 3.5 percent at $1,197.90 an ounce.
Read more
Stock indexes worldwide tumbled on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky, such as bullion.
Spot gold (XAU=) reached a peak of $1,200.60 an ounce, its strongest since June 22, after breaking key resistance at its October high at $1,190.63. At 3:02 p.m. EST (2002 GMT) it was up 1.8 percent at $1,194 an ounce.
"The drive for gold today is purely tied to the risk type of trade," said Eli Tesfaye, senior market strategist for brokerage RJO Futures in Chicago, pegging the next target level at $1,210.
"People have to move their equities out of there, have to put (money) into safer assets."
U.S. gold for April delivery settled up 3.5 percent at $1,197.90 an ounce.
Read more
nihal123Top contributor- Posts : 6327
Join date : 2014-02-24
Age : 58
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Re: Oil, Gold & Silver Prices
Wed Feb 10, 2016 1:28 pm
Futures 2:47 AM EST 2/10/2016
----------- LAST
Crude Oil---------28.51 $
Brent Crude------30.99 $
Gold------------1188.9 $
http://markets.wsj.com
----------- LAST
Crude Oil---------28.51 $
Brent Crude------30.99 $
Gold------------1188.9 $
http://markets.wsj.com
Hybrid- Posts : 745
Join date : 2015-02-03
Location : Colombo
Re: Oil, Gold & Silver Prices
Wed Feb 10, 2016 1:40 pm
කිත්සිරි ද සිල්වා wrote:The price of oil is being driven down by one simple thing: debt.
In a post on Monday, Mark Dow at Behavioral Macro outlined the simple, but elegant and persuasive theory about why oil prices have been driven so low and why they remain their today.
Quite simply it is about how oil companies were financed.
Read more
But the question remains- What happened to all the super profits made during the boom years?
With all the oil in the world, when its time for the company to go uphill, thats when OIL fails and good people are required!
Only a fraction was paid as fines and penalties apart from the expensive cleanups that were done due to spillages and environmental damages.
The share holders used the monies to fuel their other investments and interests.
The oil companies did end up in debt.
All the major shareholders have their own exit plans when the profits dry up or when they cannot deal with VUCA!
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
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Re: Oil, Gold & Silver Prices
Wed Feb 10, 2016 4:57 pm
Good question Hybrid.
(Top people eating them away with something called perks of the job).
(Top people eating them away with something called perks of the job).
- කිත්සිරි ද සිල්වාTop contributor
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100% of the net additions to the EU’s power mix last year came from renewables
Wed Feb 10, 2016 5:24 pm
So here’s a thing. All of the net increase in the EU’s power generating capacity came from renewable energy last year.
The data from the European Wind Energy Association (EWEA) shows that whilst some new coal and gas capacity did come online, more was retired.
That is to say the amount of fossil fuel (and nuclear) generating capacity reduced whilst the only thing to increase was wind and solar. Biomass also saw a fall.
Here’s what this looks like, in chart terms:
Read more
The data from the European Wind Energy Association (EWEA) shows that whilst some new coal and gas capacity did come online, more was retired.
That is to say the amount of fossil fuel (and nuclear) generating capacity reduced whilst the only thing to increase was wind and solar. Biomass also saw a fall.
Here’s what this looks like, in chart terms:
Read more
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
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Crude Oil Market: Saudi Arabia Is Stubborn, Dictates Venezuela
Wed Feb 10, 2016 5:52 pm
NYMEX-traded West Texas Intermediate crude oil futures contracts for March delivery fell by 3.9% and closed at $29.69 per barrel on Monday, February 8, 2016. ICE-traded Brent crude oil futures fell by 0.53% and closed at $33.88 per barrel on the same day.
Oil prices fell due to the consensus of the rising US crude oil inventory. The prices also fell due to fading ties of OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC countries for a collective production cut. Oil tracking ETFs like the United States Oil Fund (USO) and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) moved in the direction of crude oil prices. They fell by 3% and 6.3%, respectively, in yesterday’s trade. The SPDR S&P 500 ETF (SPY) also fell in the direction of oil prices.
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- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
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Russia's Biggest Oil Producer Skeptical on Output Deal With OPEC
Wed Feb 10, 2016 6:41 pm
Russia’s largest oil producer Rosneft OJSC said it will defend traditional markets and expressed doubts over any coordinated action by crude-exporting nations to curb output.
“Tell me who is supposed to cut?” Chief Executive Officer Igor Sechin said on the sidelines of a conference in London on Wednesday. “Will Saudi Arabia cut production? Will Iran cut production? Will Mexico cut production? Will Brazil cut production? Who is going to cut?”
Venezuela has lobbied Russia, Iran, Saudi Arabia and other producers over its desire for a meeting between OPEC and non-OPEC countries aimed at a global agreement to restore balance to an oversupplied market.
Oil prices have collapsed to their lowest levels in 12 years after Saudi Arabia led the Organization of Petroleum Exporting Countries to defend market share rather than cut production amid a global supply glut.
Read more
“Tell me who is supposed to cut?” Chief Executive Officer Igor Sechin said on the sidelines of a conference in London on Wednesday. “Will Saudi Arabia cut production? Will Iran cut production? Will Mexico cut production? Will Brazil cut production? Who is going to cut?”
Venezuela has lobbied Russia, Iran, Saudi Arabia and other producers over its desire for a meeting between OPEC and non-OPEC countries aimed at a global agreement to restore balance to an oversupplied market.
Oil prices have collapsed to their lowest levels in 12 years after Saudi Arabia led the Organization of Petroleum Exporting Countries to defend market share rather than cut production amid a global supply glut.
Read more
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
Wed Feb 10, 2016 8:41 pm
Futures 10:00 AM EST 2/10/2016
----------- LAST
Crude Oil---------27.76 $
Brent Crude------30.70 $
Gold------------1192.4 $
http://markets.wsj.com
----------- LAST
Crude Oil---------27.76 $
Brent Crude------30.70 $
Gold------------1192.4 $
http://markets.wsj.com
- Hybrid
- Posts : 745
Join date : 2015-02-03
Location : Colombo
Re: Oil, Gold & Silver Prices
Wed Feb 10, 2016 9:54 pm
Will France ultimately give some good concessions and accept Iran as a sheep in wolfs clothing or just like a Fox?
May be they will have to concede.
May be they will have to concede.
- nihal123Top contributor
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Re: Oil, Gold & Silver Prices
Thu Feb 11, 2016 7:22 am
Futures 8:41 PM EST 2/10/2016
----------- LAST
Crude Oil---------26.94 $
Brent Crude------30.58 $
Gold------------1209.8 $
http://markets.wsj.com
----------- LAST
Crude Oil---------26.94 $
Brent Crude------30.58 $
Gold------------1209.8 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
Thu Feb 11, 2016 2:32 pm
Futures 3:51 AM EST 2/11/2016
----------- LAST
Crude Oil---------26.79 $
Brent Crude------30.53 $
Gold------------1218.2 $
http://markets.wsj.com
----------- LAST
Crude Oil---------26.79 $
Brent Crude------30.53 $
Gold------------1218.2 $
http://markets.wsj.com
- Hybrid
- Posts : 745
Join date : 2015-02-03
Location : Colombo
Re: Oil, Gold & Silver Prices
Thu Feb 11, 2016 5:01 pm
Crude Oil is slip-sliding-away to hit USD 20 very shortly.
With the bulk of supply going from Iran to the EU and other business friendly / greedy nations on bi-lateral trade terms, the OPEC and other major N/S American countries will end in disaster.
Brazil, Venezuela, USA and others...
Saudi is already feeling the pinch and shock with surmounting debt...
The infrastructure in Syria will crumble and production output will fall.
A new war will begin in Syria and the UN security council will become foolish in the aftermath. Just like what happened in Iraq.
Please follow RT.com to get a cross-section of the latest news without bias!
With the bulk of supply going from Iran to the EU and other business friendly / greedy nations on bi-lateral trade terms, the OPEC and other major N/S American countries will end in disaster.
Brazil, Venezuela, USA and others...
Saudi is already feeling the pinch and shock with surmounting debt...
The infrastructure in Syria will crumble and production output will fall.
A new war will begin in Syria and the UN security council will become foolish in the aftermath. Just like what happened in Iraq.
Please follow RT.com to get a cross-section of the latest news without bias!
- කිත්සිරි ද සිල්වාTop contributor
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BP Energy Outlook
Thu Feb 11, 2016 7:02 pm
BP Energy Outlook
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
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Re: Oil, Gold & Silver Prices
Thu Feb 11, 2016 8:32 pm
Futures 9:50 AM EST 2/11/2016
----------- LAST
Crude Oil---------27.04 $
Brent Crude------30.82 $
Gold------------1234.2 $
Or Gold
http://markets.wsj.com
----------- LAST
Crude Oil---------27.04 $
Brent Crude------30.82 $
Gold------------1234.2 $
Or Gold
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Gold Roars to One-Year High
Thu Feb 11, 2016 9:48 pm
Gold climbed to the highest in a year as investors sought a haven from tumbling stock markets after Federal Reserve Chair Janet Yellen suggested the central bank may delay raising interest rates.
The metal jumped as much as 3.8 percent to $1,242.26 an ounce, the highest since February 2015. Bullion has gained 16 percent this year, making it the best-performing commodity.
Shares of producers rallied on Thursday, with Gold Fields Ltd. and AngloGold Ashanti Ltd. jumping more than 12 percent.
Read more
The metal jumped as much as 3.8 percent to $1,242.26 an ounce, the highest since February 2015. Bullion has gained 16 percent this year, making it the best-performing commodity.
Shares of producers rallied on Thursday, with Gold Fields Ltd. and AngloGold Ashanti Ltd. jumping more than 12 percent.
Read more
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
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Location : Waga
Re: Oil, Gold & Silver Prices
Thu Feb 11, 2016 10:31 pm
Futures 11:50 AM EST 2/11/2016
----------- LAST
Crude Oil---------26.57 $
Brent Crude------30.31 $
Gold------------1256.5 $
Or Gold
http://markets.wsj.com
----------- LAST
Crude Oil---------26.57 $
Brent Crude------30.31 $
Gold------------1256.5 $
Or Gold
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
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Oil and gas company says the future is oil and gas
Sat Feb 13, 2016 12:12 pm
With oil falling to a fraction of its former value and BP itself forced to announce thousands of job losses some had expected a bleak outlook for the industry.
It also comes in the wake of a global deal to cut fossil fuel use in order to limit climate change to between 1.5 and 2 degrees.
The well-regarded study, however, suggests none of these issues are likely to have any significant impact.
Having spent months carefully analysing the latest data, BP’s chief economist Spencer Dale forecast that we are in fact on the brink of a new oil & gas boom led by US shale.
Read more
It also comes in the wake of a global deal to cut fossil fuel use in order to limit climate change to between 1.5 and 2 degrees.
The well-regarded study, however, suggests none of these issues are likely to have any significant impact.
Having spent months carefully analysing the latest data, BP’s chief economist Spencer Dale forecast that we are in fact on the brink of a new oil & gas boom led by US shale.
Read more
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
Sat Feb 13, 2016 11:26 pm
---------- LAST
Crude Oil---------29.06 $
Brent Crude------32.88 $
Gold------------1238.17 $
http://www.livecharts.co.uk/MarketCharts/crude.php
Crude Oil---------29.06 $
Brent Crude------32.88 $
Gold------------1238.17 $
http://www.livecharts.co.uk/MarketCharts/crude.php
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
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Re: Oil, Gold & Silver Prices
Mon Feb 15, 2016 6:24 am
Futures 7:43 PM EST 2/14/2016
---------- LAST
Crude Oil---------29.12 $
Brent Crude------33.59 $
Gold------------1227.5 $
http://markets.wsj.com
---------- LAST
Crude Oil---------29.12 $
Brent Crude------33.59 $
Gold------------1227.5 $
http://markets.wsj.com
- nihal123Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
Re: Oil, Gold & Silver Prices
Mon Feb 15, 2016 12:03 pm
Futures 1:22 AM EST 2/15/2016
---------- LAST
Crude Oil---------29.38 $
Brent Crude------34.08 $
Gold------------1220.3 $
http://markets.wsj.com
---------- LAST
Crude Oil---------29.38 $
Brent Crude------34.08 $
Gold------------1220.3 $
http://markets.wsj.com
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
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Oil edges down; weak China trade data drags
Mon Feb 15, 2016 3:51 pm
Brent and U.S. crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data stoked concerns about demand in the world's biggest energy consumer.
But the market held most of its gains of more than 10 percent from Friday that came amid renewed talk that the Organization of the Petroleum Exporting Countries (OPEC) might finally agree to cut output to reduce a world glut.
Both benchmarks jumped more than $3 a barrel on Friday after the United Arab Emirates' energy minister was quoted as saying that OPEC members are ready to cooperate on curbing production.
The mood inside OPEC is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria's oil minister said, adding he will have talks with his Saudi and Qatari counterparts.
"The lower the price, the greater the incentive for output cuts for producers," said Kaname Gokon at Okato Shoji in Tokyo.
Read more
But the market held most of its gains of more than 10 percent from Friday that came amid renewed talk that the Organization of the Petroleum Exporting Countries (OPEC) might finally agree to cut output to reduce a world glut.
Both benchmarks jumped more than $3 a barrel on Friday after the United Arab Emirates' energy minister was quoted as saying that OPEC members are ready to cooperate on curbing production.
The mood inside OPEC is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria's oil minister said, adding he will have talks with his Saudi and Qatari counterparts.
"The lower the price, the greater the incentive for output cuts for producers," said Kaname Gokon at Okato Shoji in Tokyo.
Read more
- කිත්සිරි ද සිල්වාTop contributor
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BP Expands Scope of $16 Billion Natural Gas Project in Oman
Mon Feb 15, 2016 4:01 pm
BP Plc and state-owned Oman Oil Co. agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project.
Block 61 will add 1,000 square kilometers (386.1 square miles) to the original 2,700 square kilometer area of development, BP said Sunday in an e-mailed statement.
The project will produce 1.5 billion cubic feet of gas per day, or 40 percent of Oman’s current output. The new development requires final approval of Oman’s government and BP, which is expected in 2017, the company said.
The reservoir is known to have “tight gas,” which is trapped in impermeable rocks and requires techniques including hydraulic fracturing to extract.
Oman, an exporter of liquefied natural gas to Spain, Japan and South Korea, is studying options to import LNG to help generate power. Domestic consumption jumped to 774 billion cubic feet in 2013 from 520 billion cubic feet in 2009, according to the U.S. Energy Information Administration.
Oman imports gas via a pipeline from Qatar and is in talks to build a link with Iran across the Persian Gulf.
Read more
Block 61 will add 1,000 square kilometers (386.1 square miles) to the original 2,700 square kilometer area of development, BP said Sunday in an e-mailed statement.
The project will produce 1.5 billion cubic feet of gas per day, or 40 percent of Oman’s current output. The new development requires final approval of Oman’s government and BP, which is expected in 2017, the company said.
The reservoir is known to have “tight gas,” which is trapped in impermeable rocks and requires techniques including hydraulic fracturing to extract.
Oman, an exporter of liquefied natural gas to Spain, Japan and South Korea, is studying options to import LNG to help generate power. Domestic consumption jumped to 774 billion cubic feet in 2013 from 520 billion cubic feet in 2009, according to the U.S. Energy Information Administration.
Oman imports gas via a pipeline from Qatar and is in talks to build a link with Iran across the Persian Gulf.
Read more
- nihal123Top contributor
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Re: Oil, Gold & Silver Prices
Mon Feb 15, 2016 5:57 pm
Futures 7:17 AM EST 2/15/2016
---------- LAST
Crude Oil---------29.91 $
Brent Crude------34.30 $
Gold------------1210.1 $
http://markets.wsj.com
---------- LAST
Crude Oil---------29.91 $
Brent Crude------34.30 $
Gold------------1210.1 $
http://markets.wsj.com
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