Global Energy Prices

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Global Energy Prices

Postby NC+ » Wed Nov 30, 2016 11:12 am

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Re: Global Energy Prices

Postby NC+ » Wed Nov 30, 2016 11:18 am

Dear Admins can you change this topic to "Global energy prices"
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Re: Global Energy Prices

Postby SHARK » Wed Nov 30, 2016 11:24 am

Done
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Re: Global Energy Prices

Postby SHARK » Wed Nov 30, 2016 11:28 am

i am moving it to Sector Analysis
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Re: Global Energy Prices

Postby SHARK » Wed Nov 30, 2016 11:29 am

VIENNA (Reuters) - The Organization of the Petroleum Exporting Countries has agreed its first oil output cuts since 2008, an OPEC source told Reuters on Wednesday.
The source said the agreement was in line with an accord reached in Algiers in September. OPEC member Algeria was proposing to set a new production ceiling at 32.5 million barrels per day, down from current levels of 33.6 million.
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Re: Global Energy Prices

Postby NC+ » Wed Nov 30, 2016 10:28 pm

If oil prices tend to rise, I propose to watch the Plantation Industry, the Rubber and Tea closer in coming weeks and months, as it could be beneficial for them..
Hope Hydropower sector will be beneficial too if so,
But, LIOC and LGL could adversely affect if so..
Invite members for a good discussion for to discuss how it could Impact on CSE.. :)
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Re: Global Energy Prices

Postby NC+ » Wed Nov 30, 2016 10:42 pm

LIOC has raised diesel prices..
http://nethnews.lk/article/28243
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Re: Global Energy Prices

Postby PAT » Thu Dec 01, 2016 1:44 pm

Oil near $ 50..........

http://www.oil-price.net/
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Re: Global Energy Prices

Postby NC+ » Mon Dec 05, 2016 11:42 pm

Good news... :)
U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing the forward oil curve upside down. The rush to hedge -- locking in future cash flows and sales prices -- could translate into higher U.S. oil production next year, offsetting the first output cut by the Organization of Petroleum Exporting Countries in eight years.
“Right after OPEC, U.S. producers were very active hedging," said Ben Freeman, founder of HudsonField LLC, a boutique oil merchant with offices in New York and Houston. "We are going to see a significant amount of producer hedging at this levels."
https://www.bloomberg.com/news/articles ... -post-opec
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Re: Global Energy Prices

Postby NC+ » Tue Dec 06, 2016 11:06 pm

Saudi Arabia Switches OPEC Tack With Eye on World’s Top IPO
To understand why Saudi Arabia changed course and decided OPEC should go back to managing supply, look at two of the kingdom’s biggest policy challenges: the urgent need to plug holes in its budget and the plan to sell a stake in the state-owned oil monopoly.
“Even $60 oil isn’t enough to solve all the country’s fiscal issues,’’ Apostolos Bantis, a credit analyst at Commerzbank AG in Dubai, said in an interview. “It’s more a question of building confidence in the economy. If crude stabilizes at higher prices, that will give more certainty and provide a stronger basis for the Aramco IPO.’’
https://www.bloomberg.com/news/articles ... argest-ipo

Saudi Aramco IPO:
The world's most valuable company isn't Apple or Google’s owner, Alphabet. It's an outfit in a league of its own: Aramco, as Saudi Arabian Oil Co. is better known. This sprawling state-owned producer, sitting atop one-fifth of the globe's petroleum reserves, pumps more crude than the top four publicly traded oil companies combined. It's valued at more than $2 trillion -$10 trillion (making it the world's most valuable company)— or about four times the biggest technology giants — though no one really knows what it’s worth because its profits are shrouded in secrecy.
Sitiuation:
The government intends to sell up to 5 percent of Aramco as soon as 2017, according to the country’s influential Deputy Crown Prince Mohammed bin Salman. The sale’s estimated size of about $100 billion would make it the biggest-ever initial public offering, dwarfing the $25 billion raised by Chinese internet retailer Alibaba in 2014.
https://www.bloomberg.com/quicktake/saudi-aramco
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Re: Global Energy Prices

Postby NC+ » Thu Dec 08, 2016 7:16 am

Solar can already generate more energy than oil: study

While the world has been going crazy, solar has quietly tipped over the edge and kicked oil and gas off the cliff of history. A new scientific review finds that scientists are dramatically underestimating the efficiency and power of solar panels, because their data is at least seven years old. And that’s why most of them have managed to overlook a startling fact: For every unit of energy invested, solar can now generate the same if not more energy than oil and gas.
Read more..
http://www.lankabusinessonline.com/sola ... oil-study/
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Re: Global Energy Prices

Postby NC+ » Fri Dec 09, 2016 8:08 am

Russia Sells $11 Billion Stake in Rosneft to Glencore, Qatar

Commodity trader Glencore Plc and Qatar’s sovereign wealth fund agreed to buy a 10.2-billion euro ($11 billion) stake in Russia’s largest oil producer from the state in a triumph for President Vladimir Putin over sanctions imposed by the West.

https://www.bloomberg.com/news/articles ... ium=social
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Re: Global Energy Prices

Postby NC+ » Mon Dec 12, 2016 6:13 pm

Oil Seen Headed to $60 as Saudis Signal Deeper Output Cuts (12/12/2016)

- OPEC, non-OPEC nations cuts reach 1.8 million barrels a day
- Saudi oil minister says kingdom will reduce supply further

Oil may climb to $60 a barrel for the first time in almost a year and a half after Russia and other unaffiliated nations joined an OPEC pledge to reduce production and Saudi Arabia surprised the market by saying it will cut more than previously agreed.

Non-OPEC nations said Saturday they will reduce output by 558,000 barrels a day, adding to a Nov. 30 OPEC commitment to cut 1.2 million starting in January. Brent crude has surged more than 20 percent since OPEC announced its first cut in eight years. Prices jumped as much as 6.6 percent to $57.89 a barrel in early Monday trading.
https://www.bloomberg.com/news/articles ... utput-cuts
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Re: Global Energy Prices

Postby NC+ » Mon Dec 12, 2016 6:16 pm

Bill Gates Among Rich Individuals Backing $1 Billion Energy Fund (12/12/2016)

Dubbed Breakthrough Energy Ventures, the 20-year fund is backed by a mix of technology luminaries and heavyweights from the energy industry. The goal is to pump money into risky, long-term energy technology that could dramatically reduce greenhouse gas emissions, according to a statement. The investments will likely go into areas such as electricity generation and storage, agriculture and transportation.
Investors include Jeff Bezos, founder and chief executive officer of Amazon.com Inc., Richard Branson, the founder of Virgin Group Ltd., Jack Ma, the executive chairman of Alibaba Group Holding Ltd., John Arnold, a billionaire natural gas trader, and Prince Alwaleed Bin Talal, the founder of Kingdom Holding.
https://www.bloomberg.com/news/articles ... ium=social
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Re: Global Energy Prices

Postby NC+ » Thu Dec 15, 2016 5:47 pm

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

There’s a transformation happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.
There have been isolated projects in the past where this happened: An especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.
The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil fuel use for electricity may be reached within the next decade. Still, the buildup of wind and solar takes time and fossil fuels remain the cheapest option for when the wind doesn’t blow and the sun doesn’t shine. Coal and natural gas will continue to play a key role in the alleviation of energy poverty for millions of people in the years to come.
https://www.bloomberg.com/news/articles ... -than-wind
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Re: Global Energy Prices

Postby NC+ » Sun Dec 18, 2016 7:52 am

How Global Oil Flows Might Look After OPEC’s Supply Shock

The early signs are that Middle East suppliers will prioritize Asia, pushing competitors in Africa and the Americas to keep cargoes in the Atlantic region. Saudi Arabia has indicated it will initially maintain most flows to fast-growing Asia, while draining more heavily oversupplied Western regions. Kuwait is doing much the same.
“They want to keep their market share to Asia,” Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland, said of Middle East suppliers. “The routes they will restrict the oil flow most will be to the U.S. and Europe.”
https://www.bloomberg.com/news/articles ... pply-shock
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Re: Global Energy Prices

Postby NC+ » Mon Dec 19, 2016 8:33 am

Energy1.png
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Re: Global Energy Prices

Postby NC+ » Tue Dec 20, 2016 7:20 pm

Obama Said to Use 1953 Law to Block Drilling in Arctic, Atlantic

President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, a move that could indefinitely restrict oil production there, according to two people familiar with the decision.
Although oil companies have struggled to tap resources at the top of the globe, industry leaders say they will be needed to meet the world’s energy needs. The American Petroleum Institute has called the idea of permanently withdrawing offshore waters "incredibly short-sighted." The U.S. Arctic is estimated to hold 27 billion barrels of oil and 132 trillion cubic feet of natural gas.

https://www.bloomberg.com/politics/arti ... c-atlantic
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Re: Global Energy Prices

Postby PAT » Tue Dec 20, 2016 9:06 pm

Thanks NC+ ..............
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Re: Global Energy Prices

Postby Contra » Wed Dec 21, 2016 1:36 pm

http://www.cnbc.com/2016/12/19/oil-need ... enzie.html

Oil needs to stay at $55 a barrel for the industry to turn around: Wood ...

http://economictimes.indiatimes.com/mar ... 085622.cms

crude-oil-at-10-here-are-five-energy-tsunamis-that-will-drag-prices-lower
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Re: Global Energy Prices

Postby NC+ » Thu Dec 22, 2016 7:07 pm

Good News... :)

Saudis Accelerating Sunward Tilt in Charge for Oil Revenue

Saudi Arabia’s long-awaited drive to free up more oil revenue by shifting to solar power generation is expected to pick up speed next quarter, according to local developers eyeing contracts.“I’m fully expecting within the first quarter 500 megawatts to come out in tenders and then it’ll ramp up,” said Paddy Padmanathan, the chief executive officer of Acwa Power International in Riyadh. “That will be a game changer for the region.”

The world’s biggest crude exporter also burns more oil than any other country to generate electricity. According to the most recent International Energy Agency figures, the kingdom consumes at least 900,000 barrels a day at peak periods of the year to keep the lights on -- an amount worth over $16 billion a annually based on current oil spot prices. Integrating more solar power onto the Saudi grid could free up more crude for export.

Acwa Power and Fotowatio Renewables Ventures BV were both shortlisted for a 100-megawatt solar tender offered during the second half of 2016. The two 50-megawatt projects will be located in Al-Jouf and Rafha in northern part of the peninsula, according to the state utility. “It is starting,” said Rafael Benjumea, CEO of Fotowatio, which is owned by Abdul Latif Jameel in Jeddah and won a bid in May to help build an 800-megawatt solar plant in Dubai.
https://www.bloomberg.com/news/articles ... il-revenue
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Re: Global Energy Prices

Postby NC+ » Sat Dec 24, 2016 2:34 pm

Weekly Energy price update - 24/12/2016

Energy.png
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Re: Global Energy Prices

Postby SHARK » Thu Dec 29, 2016 9:10 am

There is a chance/opprtunity for OIL to hit 60s+ :)

What is the plan for this government who said will bring the price formula :D

They should fast introduce it.
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Re: Global Energy Prices

Postby GB » Thu Dec 29, 2016 9:19 am

SHARK wrote:There is a chance/opprtunity for OIL to hit 60s+ :)

What is the plan for this government who said will bring the price formula :D

They should fast introduce it.


What are Sectors which is going to benefit if it is climb to 60S+

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Re: Global Energy Prices

Postby NC+ » Thu Dec 29, 2016 9:59 am

Good Boy wrote:
SHARK wrote:There is a chance/opprtunity for OIL to hit 60s+ :)

What is the plan for this government who said will bring the price formula :D

They should fast introduce it.


What are Sectors which is going to benefit if it is climb to 60S+

On my view,
VPEL.N, Rubber & Tea industry..
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