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Fred Yao's List: Oil News from the Bloomberg

  • Shell Pakistan Quarterly Profit Declines on Oil Prices, Economy - Bloomberg.com

    • Diesel sales fell in Pakistan after South Asia’s
      second-biggest economy grew 2 percent in the year ended June 30,
      the slowest in eight years.


      “The company’s sales of diesel declined 26 percent in the
      quarter because of lower demand,” said Ahsan Amir Ali, an oil
      analyst at Karachi-based Investfinance Securities Ltd., who has
      a “buy” recommendation on the stock.

  • OPEC Should Maintain Output Quotas, Kuwait’s Oil Minister Says - Bloomberg.com

    • Aug. 19 (Bloomberg) -- OPEC should agree to maintain oil
      production targets when it meets next month to decide quotas,
      Kuwait’s oil minister said.


      Oil prices are “not too bad, not too bad at all,” Sheikh
      Ahmed al-Abdullah al-Sabah       told reporters in Kuwait today. OPEC
      should keep quotas unchanged, he said. Al-Sabah favors an oil
      price of $70-$80 a barrel.

    • Members of the Organization of Petroleum Exporting
      Countries agreed last year on record production cuts of 4.2
      million barrels a day in an attempt to support oil prices. The
      group is scheduled to discuss quotas in Vienna on Sept. 9 after
      leaving output unchanged at its last two meetings.


      OPEC raised production in July as compliance with quotas
      weakened for a fourth consecutive month, the group said in an
      Aug. 11 report.


      Al-Sabah said he’s optimistic that demand will increase by
      year end.

  • Oil Rises a Second Day as U.S. Stocks Advance, Stockpiles Fall - Bloomberg.com

    • Oil surged as much as 5.3 percent yesterday as U.S. and
      European equities gained following better-than-estimated
      earnings at Home Depot Inc. and Target Corp. and an increase in
      German investor confidence. Prices rose further after the
      American Petroleum Institute reported that crude stockpiles
      declined by 6.13 million barrels last week.
    • Oil surged as much as 5.3 percent yesterday as U.S. and
      European equities gained following better-than-estimated
      earnings at Home Depot Inc. and Target Corp. and an increase in
      German investor confidence.
    • 4 more annotations...

  • 媒体看期市-OTC和ICE监管缺失推高油价？---Powered By SiteEngine

    • 通过购买大量的期货合约，从而将期货价格推向更高的水平，其结果就像投机者提供的一种奖励，刺激企业买入更多的石油，并将之储藏。如果期货价格持续走高，那么炼厂将会买入更多的原油，即使成本高达115美元/桶。其结果则是，过去2年来原油库存稳定增长，高于前8年的任何时候，投机资金大量涌入原油期货市场，结果造成了目前供应充足和高油价并存的局面。

  • Oil Falls to 2-Week Low as Global Equities Slide, Dollar Climbs - Bloomberg.com

    • Oil slipped 1.1 percent as the Standard & Poor’s 500 Index
      slid 2.2 percent and China’s Shanghai Composite Index slumped
      the most since November. The dollar touched $1.4046 today, the
      highest level since July 30.


      “There are still major problems with the wider economy and
      investors probably think they got a little ahead of
      themselves,” said Rick Mueller, a director of oil markets at
      Energy Security Analysis Inc. in Wakefield, Massachusetts. “The
      recovery will probably be slow and demand isn’t going to be
      coming back real fast.”

    • Commodities and equities plunged on Aug. 14 after the
      Reuters/University of Michigan preliminary index of consumer
      sentiment dropped in August to the lowest level since March.
      Colonial BancGroup Inc. was closed by regulators and taken over
      by BB&T Corp. on Aug. 14 in the biggest U.S. bank failure since
      Washington Mutual Inc. collapsed last year.
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  • Oil Trades Near Two-Week Low After Equities Fall, Dollar Rises - Bloomberg.com

    Stocks fell yesterday as investors speculated the global economy isn’t expanding fast enough to justify the steepest equity market rally in seven decades.

    www.bloomberg.com/...news - Preview

    on 2009-08-18

    • Stocks fell yesterday as investors speculated the global
      economy isn’t expanding fast enough to justify the steepest
      equity market rally in seven decades.
    • Stocks fell yesterday as investors speculated the global
      economy isn’t expanding fast enough to justify the steepest
      equity market rally in seven decades.
    • 3 more annotations...

  • OPEC Spare Capacity May Stymie Oil’s Rally: Chart of the Day - Bloomberg.com

    • The CHART OF THE DAY shows the relationship between crude
      oil futures traded in New York and excess output capacity of the
      Organization of Petroleum Exporting Countries this decade.
      Prices climbed to a record $147.27 on July 11, 2008, when OPEC
      members had the ability to bring fewer than 3 million barrels of
      additional production online.
    • In March the 12-member group could have produced 6.84
      million barrels a day above its actual production, if needed,
      the most since 2001, according to a monthly Bloomberg News
      survey of oil companies, producers and analysts. That margin was
      6.11 million barrels last month.
    • 4 more annotations...
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