Settore oil e materie prime in generale - Pagina 2
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Rialzo stellare quello che sta registrando a Wall Street un titolo, quello della società SPAC Digital World Acquisition Corp che ha chiuso ieri le contrattazioni a +350%e oggi preannuncia un …
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  1. #11
    L'avatar di maste
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    Rapporto Iea di luglio

    10 July 2015

    Global oil demand growth is forecast to slow to 1.2 million barrels per day (mb/d) in 2016, from an average 1.4 mb/d this year, the IEA Oil Market Report for July informed subscribers, though strong consumption is expected in non-OECD Asia.

    World oil demand growth appears to have peaked in the first quarter at 1.8 mb/d and will continue to ease throughout the rest of 2015 and into 2016 as temporary support fades.

    Global oil supply surged by 550 000 barrels per day (550 kb/d) in June, on higher output from both OPEC and non-OPEC producers. At 96.6 mb/d, world oil production was an impressive 3.1 mb/d higher than a year earlier, with OPEC crude and natural gas liquids accounting for 60% of the gain. Non-OPEC supply growth is expected to grind to a halt in 2016, as lower oil prices and spending cuts take a toll.

    OPEC crude supply rose by 340 kb/d in June to 31.7 mb/d, a three- year high, led by record high output from Iraq, Saudi Arabia and the United Arab Emirates. OPEC output stood 1.5 mb/d above the previous year. The "call on OPEC crude and stock change" for 2016 is forecast to rise by 1 mb/d, to 30.3 mb/d.

    OECD industry inventories hit a record 2 876 mb in May, up by a steep 38 mb. Product holdings led the build-up and by end-month covered 30.7 days of forward demand. Global supply and demand balances suggest that the rate of global stock increases quickened rapidly to an astonishing 3.3 mb/d during the second quarter.

    Robust margins spurred stronger-than-expected OECD refinery runs, lifting second-quarter global throughput estimates to 78.7 mb/d. Global refinery throughputs are forecast to increase by a further 0.7 mb/d in the third quarter, with annual gains shifting to the non-OECD. New capacity start-ups in 2015 and 2016 will put margins under pressure.

    The July OMR also features a focus on the demand implications of the Greek debt crisis as well as analysis of OPEC capacity, Petrobras and refinery capacity additions.

  2. #12
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    .
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  3. #13

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    Quanto alle riserve di oro....
    USAGOLD News & Views, October 2014

    Segnalo una lieve ripresa del Baltic Dry Index... fuoco di paglia?
    BDIY Quote - Baltic Dry Index - Bloomberg Markets
    Immagini Allegate Immagini Allegate Settore oil e materie prime in generale-bdi.jpg 

  4. #14

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    Citazione Originariamente Scritto da sleepwalker Visualizza Messaggio
    Quanto alle riserve di oro....
    USAGOLD News & Views, October 2014

    Segnalo una lieve ripresa del Baltic Dry Index... fuoco di paglia?
    BDIY Quote - Baltic Dry Index - Bloomberg Markets
    Gran bella domanda...
    In questi primi 6 mesi sono state tolte dal mercato tante navi quante nell'intero 2014, ma sembra il trend di vendita stia già rallentando.
    Purtroppo il basso prezzo del ferro grezzo si fa sentire sul ferro riciclato, di conseguenza conviene meno demolire le navi.

    Si vedrà solo nel futuro, come le tanker mi hanno insegnato, è un mercato che è capace di dare segnali di ripartenza per anni.

  5. #15

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    Although conditions remain more than challenging, especially from an economic point of view (aka China’s stock worries), the dry bulk market looks set for a solid summer, after a dreadful first half of the year. Demolitions of older bulkers have certainly helped a lot towards alleviating the overflow of tonnage supply, compared to demand. As a result, yesterday, the industry’s benchmark, the Baltic Dry Index ended up by yet another 10 points, to 1,104 points, on the back of slight gains posted since the start of the week. This marks a total of 19 rising sessions over the course of the past 20 sessions.

    ***CUT***

    Meanwhile, in the demolition market this week, which has helped fuel dry bulk freight rates over the past few weeks, through the decomissioning of substantial tonnage, shipbroker Intermodal noted that “amidst exceptionally thin activity, plummeting prices and fears of things getting even worse going forward, the demolition market spent yet another week in desperate search of positive signs that could support sentiment. The Indian subcontinent market has seen another $15-20/ldt being shed of local bids, while in some cases the discounts were even bigger, scaring away the few potential sellers left in the market. Where does it stop? This seems to be the question on everyone’s mind right now, especially as the end of the Eid holidays seem to have brought no change of appetite in either Bangladesh or Pakistan. Indian breakers have at the same time stayed on the sidelines for yet another week, with predictions for heavy rains in the following weeks and a weak Rupee adding to the already negative sentiment. Cheap Chinese steel exports remains the main market hurdle that is weighing down on any efforts for a positive market reversal, while the fact that the rebound in dry bulk rates has severely hit the supply of tonnage, is viewed as the only price supporting factor at the moment. Prices this week for wet tonnage were at around $160-345/ldt and dry units received about $140-320/ldt.”, Intermodal concluded.
    5char

  6. #16

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    Parlando di raffinerie e Medio Oriente.

    New refineries coming online in the Middle East has been a major development, which the tanker market had been looking forward, since the past few years. Now, that these new installations are becoming a reality, the influence they’re having on the tanker markets, both crude and clean, is becoming clearer than ever. In its recent weekly report, shipbroker Gibson noted that “the news that May’s crude exports from Saudi Arabia had fallen to their lowest levels five months, is a barometer of how quickly the Kingdom has achieved their ambition to maximise their earnings from every barrel. Saudi Arabia, despite the fall in crude exports maintains near record levels of production and holds on to its position as the world’s top crude exporter”.

    According to Gibson, “it is less than twelve months since the first of four new Middle East 400,000 b/d refineries reached full productions. The Jubail refinery has been followed by a second facility at Yanbu on the Red Sea coast which commenced operation in the 4Q 2014 and reached full production on 22nd June. In addition, Abu Dhabi National Oil Co. is now reported to be producing 226,000 b/d of diesel at its Ruwais facility doubling previous capacity. CPP tanker owners who committed to investment on the basis of these developments by placing orders for LR2 & LR1 tonnage have recently been reaping the rewards for their belief”.

    The London-based shipbroker said that “many orders were placed during a period of weak tanker earnings. Today the situation is very different as monthly earnings for 75,000 tonnes AG-Japan (TC1) are around $47,250/day but under pressure. LR2s lifting 80,000 tonnes AG-UKCont are currently averaging $44,750/day, a far cry from the $2,250/day these same units were earning back in January 2014. In fact earnings on this route are currently above $50,000/day. The LR2 sector has also benefited from the recent strength of the Aframax market where a number of units have switched over to the dirty trades. Of course higher earnings also attracts more investment, particularly at today’s low newbuilding prices and we have already witnessed 39 orders for LR2s and 25 LR1s placed this year to date”.

    Gibson went on to mention that “at the same time as the recent build-up in Middle East refining capacity, there have been repercussions for the Far-Eastern refining industry. Asian refinery margins are reported to have hit a 5 year low as seasonally weak gasoil demand and rising Middle East competition has reduced appetite for the fuel from China, Indonesia and Vietnam. The price of gasoil in the region has fallen as the full force of Saudi and UAE exports impact on Asian refiners who, as a consequence, may be forced to cut production”.

    The shipbroker concluded its analysis by noting that “European refiners have not escaped the spread of the Middle East refinery growth. Refiners in Europe have recently experienced a renaissance on the back of low oil prices, but are once again feeling the pressure on middle-distillate margins as a deluge of Saudi diesel fuel swamps the market. In fact the wholesale price of diesel in the UK was reported to have fallen below petrol for the first time in more than a decade. Fears of a price war are looming and the supply situation will be further exacerbated by additional refinery capacity both Saudi and India presently under construction. Competition between the regions may in fact add further support to the CPP tanker market in terms of more arbitrage opportunities and more tonne miles”.

  7. #17
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    Chevron precipita ai minimi degli ultimi 10 anni... e il dividend yeld netto nonostante doppia tassazione supera ormai il 3%.

  8. #18

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    Citazione Originariamente Scritto da nemo17 Visualizza Messaggio
    Chevron precipita ai minimi degli ultimi 10 anni... e il dividend yeld netto nonostante doppia tassazione supera ormai il 3%.
    bisogna vedere quanto dura il dividendo perchè dal bilancio se togliamo la cessione di assett direi che siamo in perdita netta. giusto?

  9. #19
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    è già andata a un payout ratio > di 1, dopo due trimestri non ha fatto l'aumento annuale (ma anche questo era già capitato nel 2002)
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  10. #20
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    bisogna vedere quanto dura il dividendo perchè dal bilancio se togliamo la cessione di assett direi che siamo in perdita netta. giusto?
    Chevron dopo le ultime cessioni è "preparata" anche per un lungo periodo di oil basso; credo che questo semestre possa rappresentare un buon periodo di ingresso nel settore; di certo nel breve si soffre.
    Io ho iniziato ad accumulare Exxon, Chevron, Marathon Oil e BHP Billiton. Sono invece short di Eni da diversi mesi.

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