The Oil and Gas Markets

Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Oil hovers below $87 in Asia amid fears a weakening US economy may hit demand
quote:

Oil prices fell below $87 a barrel Thursday in Asia on renewed concerns that the U.S. economy may weaken and hit fuel demand in the world’s top crude consumer.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=41928:eek:il-hovers-below-87-in-asia-amid-fears-a-weakening-us-economy-m ay-hit-demand&catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $81.19
Brent Crude: $106.99 (Settle)
Natural Gas: $3.942

Comment: Interesting to see where things went since this article was first published.
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Markets prepared to handle Syrian oil loss
quote:

Oil markets will quietly swallow the loss of Syrian supplies if Europe joins Washington in slapping new sanctions on the country, but prices would spike if Syria’s ally, and major oil producer Iran, becomes involved in a confrontation with the West.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=42197:markets-prepared-to-handle-syrian-oil-loss&catid=30:eek:il-compani es-news&Itemid=225

CME Spot Prices:
Crude: $82.86
Brent Crude: $108.73
Natural Gas: $3.953
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Petrol and oil prices don't always mix
quote:

An article yesterday on this website by Barry Fitzgerald on why “Oils ain't Oils when it comes to the petrol price,”￾ looked at why unleaded petrol prices haven't fallen at the same pace as the recent fall in crude oil prices.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=42282:petrol-and-oil-prices-dont-always-mix-&catid=30:eek:il-companies-n ews&Itemid=225

CME Close:
Crude: $82.26
Brent Crude: $108.62
Natural Gas: $3.940
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Crude gains cause gas headache at Russian oilfield
quote:

By speeding up output growth at one of Russia's newly-tapped East Siberian oilfields the operators have given themselves a headache -- they are producing much more gas and have little choice but to flare it.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=42339:crude-gains-cause-gas-headache-at-russian-oilfield&catid=30:eek:il -companies-news&Itemid=225
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Iran says India to settle oil debt in a week: Report
quote:

Indian refiners will settle all oil debts to Iran by the end of this month, a business daily reported on Sunday, quoting a senior oil official as saying the sanctions-related problem that held up billions of dollars of oil income was over.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=42454:iran-says-india-to-settle-oil-debt-in-a-week-report&catid=30:eek:i l-companies-news&Itemid=225

CME Spot Prices (Asian Trading Ongoing):
Crude: $82.32
Brent Crude: $106.35
Natural Gas: $3.885
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Brent oil falls near $106 as Libyan rebels overrun most of Tripoli, threaten to topple Gadhafi
quote:

Brent crude fell to near $106 a barrel Monday as Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=42566:brent-oil-falls-near-106-as-libyan-rebels-overrun-most-of-tripo li-threaten-to-topple-gadhafi&catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $82.84
Brent Crude: $107.20
Natural Gas: $3.892

Comment: I won't lose sleep over Gaddafi Duck losing his job, and possibly his head. I only hope the "cure" doesn't turn out to be worse then the disease.
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

ENI leads Libya oil race as Gaddafi nears end
quote:

Libya's leading foreign oil producer, Eni (ENI.MI) of Italy led the charge back into Libya on Monday as rebels swept into the Libyan capital Tripoli hailing the end of Muammar Gaddafi's rule.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=42627:eni-leads-libya-oil-race-as-gaddafi-nears-end-&catid=30:eek:il-com panies-news&Itemid=225

CME Spot Prices:
Crude: $84.95
Brent Crude: n/a
Natural Gas: $3.882
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

China says oil stake in Libya benefits both countries
quote:

China's oil stake in Libya benefited both countries, a Chinese commerce official said on Tuesday, answering a question about a Libyan rebel official's warning that Chinese oil companies could lose out under a new government.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=42857:china-says-oil-stake-in-libya-benefits-both-countries-&catid=30 :eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $85.72
Brent Crude: $109.31 (Settle)
Natural Gas: $3.997

Comment: Looks like China may be facing some payback for supporting Gaddafi Duck! (The Russians too, but with their reserves in Siberia, they don't have to care!)
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Are U.S. oil companies up to the task in this itty-bitty town?
quote:

We wish all Libyans the right to choose their leader freely, but do we want to pay higher oil and gasoline prices as a cost of our empathy? Decidedly no. Hence, our interest in the Libyan dividend -- a plunge in oil prices if Col. Muamar Qaddafi finally falls.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43163:are-us-oil-companies-up-to-the-task-in-this-itty-bitty-town&cat id=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $85.45
Brent Crude: $110.15 (Settle)
Natural Gas: $3.927
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Crude Oil Advances in New York on Fed Speculation, U.S. Supply Decline
quote:

Oil advanced on speculation that the Federal Reserve may announce new measures to stimulate the economy, and after U.S. crude inventories declined.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43281:crude-oil-advances-in-new-york-on-fed-speculation-us-supply-dec line&catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $85.17
Brent Crude: $110.62 (Settle)
Natural Gas: $3.938
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Crude Falls, Narrowing Weekly Gain, on Doubts About U.S. Stimulus Measures
quote:

Oil declined, narrowing the first weekly gain in five, on speculation that U.S. measures to revive growth will fall short of expectations and that potential fuel shortages caused by Hurricane Irene might be limited.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43500:crude-falls-narrowing-weekly-gain-on-doubts-about-us-stimulus-m easures&catid=30:eek:il-companies-news&Itemid=225

CME Close:
Crude: $85.55
Brent Crude: $111.12
Natural Gas: $3.934
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Royal Dutch Shell plc second quarter 2011 euro and GBP equivalent dividend payments
quote:

The Board of Royal Dutch Shell plc (“RDS”￾) yesterday announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2011 interim dividend, which was announced on July 28, 2011 at US$0.42 per A ordinary share (“A Share”￾) and B ordinary share (“B Share”￾).
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43646:royal-dutch-shell-plc-second-quarter-2011-euro-and-gbp-equivale nt-dividend-payments-&catid=30:eek:il-companies-news&Itemid=225
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

OPEC may cut output if prices fall more: Iran
quote:

Iran's OPEC governor announced on Saturday that if oil prices continue their downward trend under the shadow of the global economic crisis, OPEC may react by cutting its production.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43703:eek:pec-may-cut-output-if-prices-fall-more-iran-&catid=30:eek:il-comp anies-news&Itemid=225

CME Spot Prices (Asian Trading Ongoing):
Crude: $85.52
Brent Crude: $111.36 (Settle)
Natural Gas: $3.892

Comment: Since the CME's offices are located in Chicago, Irene had little effect on it's operations.
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Oil below $86 as US refineries survive hurricane
quote:

Oil prices rose to near $86 a barrel Monday in Asia after a hurricane left minimal damage among refineries along the U.S East Coast.Benchmark oil for October delivery was up 46 cents to $85.83 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43845:eek:il-below-86-as-us-refineries-survive-hurricane&catid=44:latest -news&Itemid=64

CME Spot Prices:
Crude: $86.88
Brent Crude: $112.32
Natural Gas: $3.893
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Libya: $25b needed to boost crude output
quote:

Libya's oil industry will need at least $25 billion (Dh91.8 billion) in investment to increase its oil production to two million barrels a day, said the chairman of drilling-rig operator Challenger Ltd.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=43888:libya-25b-needed-to-boost-crude-output-&catid=30:eek:il-companies- news&Itemid=225

CME Spot Prices:
Crude: $87.39
Brent Crude: $111.88 (Settle)
Natural Gas: $3.814
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Oil above $87 amid improving US consumer demand
quote:

Oil prices hovered above $87 a barrel Tuesday in Asia amid signs of improving consumer demand in the U.S.Benchmark oil for October delivery was down 19 cents to $87.08 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose $1.90 to settle at $87.27 on Monday.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44041:eek:il-above-87-amid-improving-us-consumer-demand&catid=30:eek:il-com panies-news&Itemid=225

CME Spot Prices:
Crude: $88.76
Brent Crude: $113.82
Natural Gas: $3.861
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Global oil prices likely to increase in Q3 on rising demand, E&Y says
quote:

Oil prices should continue to rise in the third quarter this year as demand is expected to rise despite economic uncertainties in the United States and Europe, an analyst with Ernst & Young said on Monday.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44114:global-oil-prices-likely-to-increase-in-q3-on-rising-demand-eay -says-&catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $88.59
Brent Crude: $114.02 (Settle)
Natural Gas: $3.931
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Saudis may raise crude prices on Asia demand
quote:

Top oil exporter Saudi Arabia may increase official selling prices (OSPs) of October crude for Asian clients, as refiners across the continent process more, aiming to benefit from attractive margins for products from fuel oil to jet fuel.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44348:saudis-may-raise-crude-prices-on-asia-demand-&catid=30:eek:il-comp anies-news&Itemid=225

CME Spot Prices:
Crude: $89.13
Brent Crude: $114.85 (Settle)
Natural Gas: $4.078
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

With push from Saudis, OPEC ramps up output
quote:

OPEC's crude output in August rose to the highest since November 2008, led by Saudi Arabia, which pumped the most oil since at least 1989, a Bloomberg News survey showed.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44566:with-push-from-saudis-opec-ramps-up-output-&catid=44:latest-new s&Itemid=64

CME Spot Prices:
Crude: $88.65
Brent Crude: $114.29 (Settle)
Natural Gas: $4.036
 
Dec 2, 2000
58,590
380
283
Easley South Carolina
From The Hellenic Shipping News:

Oil falls to near $88 ahead of key US jobs report
quote:

Oil prices fell to near $88 a barrel Friday in Asia as investors awaited a key jobs report later in the day for evidence about the strength of the U.S. economy.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44718:eek:il-falls-to-near-88-ahead-of-key-us-jobs-report&catid=30:eek:il-c ompanies-news&Itemid=225

CME Spot Prices:
Crude: $86.74
Brent Crude: $112.78
Natural Gas: $3.994