LONDON, May 4 (Reuters) – Shell (SHEL.L) made a net profit of $9.65 billion in the first three months of the year, it said on Thursday, dropping slightly from the previous quarter as energy prices cooled but still beating forecasts. Shell kept its dividend unchanged at $0.2875 per shar...
The function has two main drivers: perceived effective oil prices (PEP) and perceived number of young wells (PW). The effect of oil prices is straightforward: the more expensive the oil is in the market, the more profitable it will be for the producers to invest in new drilling, ceteris ...
I expect oil prices to remain above $80/bo, if it is a deeper recession (2.2% annual World real GDP growth as the EIA predicts for 2023), perhaps oil prices will be as low as $75/bo in 2022 $ for Brent crude. Note
groups. The unscrupulous diversion of public funds, award of oil blocks, and production rights to certain individuals have impaired economic growth in Africa. The over-dependence on crude oil revenues has caused the economic recession in oil-producing countries due to plummeting oil prices and global...
02/26/2016 [-] Oil tankers queue up at sea near Rotterdam, wait for higher prices 02/22/2016 [-] Nigerian navy rescues hijacked oil tanker, 1 pirate killed 02/14/2016 [-] Heavy Fuel Syrian Army Obliterates Daesh Oil Tankers in Daraa Province ...
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The article reports that according to the Portland Cement Association, growing job markets, consumer confidence and construction spending will lead to higher cement consumption in the U.S. It mentions that low oil prices will provide financial help to consumers and contractors. It mentions the views...
Using the shale oil industry’s own “breakeven” prices, in 2019 it will have to produce something in the order of 1.6MM BOPD…just to service its debt. Those are barrels that therefore cannot be used to deleverage debt, replace reserves, or grow production, something a lot of Americans ...
When high enough oil prices make it viable, a huge share of today's agricultural production from Brazil, Argentina, Paraguay, etc. will be diverted into biodiesel production. Land arbitraging based on profits per acre will then divert land from wheat and corn into soybeans. Food exports will ...
International Europe braces for oil shortageClearest result of Arab nations' cut in oil supply is higher prices for oil and petrochemical products througho... Europe is girding its loins for what threatens to develop into a serious oil shortage sparked by strife in the Middle East. The pinch ...