Oil prices continue to be under pressure, new laagterecords in sight

Posted on 09-11-2015 at 10:13 by sir_smokalot – 31 Comments”

The price of oil continues to kwakkelen, and in the short-term positive for us, because our fuel stays as it is reasonably affordable (sort of). The markets prepare for a new touch, now the Arabs and Russians fighting for the European market.

In an interesting article about the current state of affairs in the oil world, outlines to Reuters, an image of mutual competition between the producers, the comfortable margins of the past have seen evaporate, and now desperately looking for revenue to their – with the old high oil prices meegestegen expenditure – to cover. In a nutshell, but read the article, which will always be contested to what extent the researchers, the finger on the sore spot. The oliebusiness is as transparent as the stuff that the trades, and we have, in any case, hardly any vision.

200 billion cuts

The oil industry is responding, and is expected to be 200 billion USD of investments permitted. This was announced today prior to a meeting of olieministers in Qatar announced. With the decrease of the production that this entails, there should be a new floor under the price of oil be laid. Currently doing a barrel Brent crude oil (158 litres) $47,64, at its summit in July 2008, this was the triple.

Shell

Our own’s oil fund, it has not yet taken: a share of a Shell experiencing on the AEX a slight plus, Shell has good financial reserves and returns moreover, a princely dividend. However, the question is how long this dividend can still guarantee with the current oil prices. The last quarter turned the AEX-heavyweight for the first time since time immemorial loss.

Photo: scene from Paul Anderson’s masterpiece ” There will be blood’