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Old 06-07-2022, 17:28   #941
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Under $100 for første gang på lenge
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Old 06-07-2022, 17:38   #942
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Default Re: Ny rekord igjen for oljeprisen og dollaren

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Under $100 for første gang på lenge
.. og dollaren er i 10.14 ...
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Old 14-07-2022, 18:30   #943
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Default Re: Ny rekord igjen for oljeprisen og dollaren

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.. og dollaren er i 10.14 ...

Ja, og da hjelper de norske flyselskap lite at oljen har falt til $97, når Dollaren nå er over 10,30

Samtidig er Dollaren for første gang siden 2002 sterkere enn Euro
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Old 04-08-2022, 08:22   #944
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Nede i $96 nå, samtidig har kronen styrket seg til 9,7 for Dollar og 9,9 for Euro. Så hjelper litt på norske flyselskaps drivstoffkostnader
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Old 24-08-2022, 08:54   #945
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Touchet omtrent $100 igjen, etter ha vaket nede på 90-tallet enn lang tid.

Dog er ikke NOK krisesvak lenger:
USD 9,73
EUR 9,68
SEK 91,30
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Old 07-09-2022, 22:57   #946
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Plustelig krøpet under $90 igjen nå. Nede på $87-tallet nå
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Old 23-09-2022, 19:04   #947
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Default Re: Ny rekord igjen for oljeprisen og dollaren

$85 i dag. Lavere enn før Russland gikk inn i Ukraina. Dog med en USD på 10,6 nå hjelper det lite for de av oss som får lønn og betaling i NOK
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Old 28-09-2022, 08:55   #948
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Default Re: Ny rekord igjen for oljeprisen og dollaren

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$85 i dag. Lavere enn før Russland gikk inn i Ukraina. Dog med en USD på 10,6 nå hjelper det lite for de av oss som får lønn og betaling i NOK
Ligger fortsatt å vaker rundt $85. Men USD har gått av skaftet og passert 10.9. Når ser vi 11 tallet?

Shopping i USA frister lite nå
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Old 05-10-2022, 08:36   #949
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Over $90 igjen da OPEC rasler med produksjonskutt

USD har roet seg litt ned til under 10,5
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Old 06-10-2022, 11:48   #950
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Dagens fastpris er 93,68 USD/fat , det er grunn til å tro noe økning fremover.

Sakset fra World Oil i morges;

OPEC+ agrees on 2 million-barrel-a-day output limit reduction
Salma El Wardany, Grant Smith, Ben Bartenstein and Fiona MacDonald October 05, 2022
(Bloomberg) — OPEC+ agreed to cut its collective output limit by 2 million barrels day as it seeks to halt a slide in oil prices caused by the weakening global economy.


It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020, but will have a smaller impact on global supply than the headline number suggests. Several member countries are already pumping well below their quotas, meaning they would already be in compliance with their new limits without having to reduce production.

Even so, the cartel’s decision risks adding another shock to a global economy that is already battling inflation driven by high energy costs. The move would also irk the US -- and potentially trigger a response from Washington. President Joe Biden visited Saudi Arabia earlier this year in search of higher production and lower pump prices for Americans ahead of midterm elections in November.

The cut of 2 million barrels a day will be measured against the same baseline as the previous OPEC+ agreements, Amir Hossein Zamaninia, OPEC governor for Iran, told reporters in Vienna after the meeting. Shared pro rata between members, that would require just eight countries to curb actual production and deliver a real reduction of about 880,000 barrels a day, according to Bloomberg calculations based on September output figures.

Oil prices were little changed near $92 a barrel in London.

Earlier on Wednesday, US officials were making calls to counterparts in the Gulf trying to push back against the move to cut production, according to people familiar with the situation. Already, the White House had asked the US Energy Department to analyze whether a ban on exports of gasoline, diesel and other refined petroleum products would lower prices, Bloomberg reported on Tuesday. It’s a controversial idea but one that’s gaining traction in some corners of the Biden administration.

In Vienna, there was little sign before the meeting that the US pressure was working. United Arab Emirates Energy Minister Suhail Al Mazrouei insisted the decision was “technical.”

“It’s very important that it remains as a technical decision and it’s not political,” he told reporters. “That’s why it’s important to look at technical side of the equation and look at any concerns regarding the economy and the status of the economy.”

OPEC+ will no longer hold monthly meetings, Zamaninia said. The group’s Joint Ministerial Monitoring Committee, which oversees implementation of production cuts, will meet every two months, he said.
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Old 03-11-2022, 17:20   #951
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Ser ut som oljeprisen har stabilisert seg på midt på nittitallet , idag 95,50 USD/fat .

Sakset fra World Oil idag ;

Windfall tax on oil companies is more US politics than real threat
Ari Natter, Jennifer A. Dlouhy November 02, 2022

(Bloomberg) – President Joe Biden’s threat to slap a tax on oil-company profits is more bluster than threat as the clock runs out on the administration’s efforts to tame fuel prices ahead of midterm elections.


Democrats have tried, and failed, for more than a decade to impose a so-called “windfall” tax on oil companies without success. With an evenly divided Senate and an eight-seat majority in the House looking increasingly vulnerable, Biden’s threat to tax what he described as the industry’s “windfall of war” will be nearly impossible to achieve.

This should be viewed “as a political message ahead of the midterms rather than a serious policy proposal with the potential to become law,” Height Securities LLC said in a note to clients Tuesday. “The proposal primarily serves as a means to deflect Republican attacks blaming the Biden administration for high fuel prices and inflation, which are central to voters’ concerns heading into the midterms but that the administration has little power to change,” the note said.

Biden’s remarks Monday come as oil companies such as Exxon Mobil Corp, Shell Plc and TotalEnergies SE smash records with multibillion-dollar profits in the second quarter, making them easy targets for a White House struggling to contain gas prices that remain at historically elevated levels.

The idea of imposing a tax on oil companies’ profits garnered renewed attention among progressives in Congress after gasoline prices spiked to more than $5 a gallon this summer. Governor Gavin Newsom added his voice to the chorus and has asked California’s legislature to consider a similar tax in the state that would provide rebates to consumers.

Biden said he would work with Congress to look at what measures they could take against companies that fail to reinvest profits to increase oil production and refining capacity.

At a rally in Florida on Tuesday, Biden said, “Look, Putin’s invasion of Ukraine sent gas prices soaring around the world. But because of the actions we’ve taken, gas prices are coming down here at home.”

“In the last six months, while the rest of the country was going through hell, six of the largest oil companies made more than $100 billion in profits.”

The West’s five-biggest oil companies made more than $60 billion in the second quarter, beating the previous record set in 2008 by nearly 50%. Exxon announced Friday it surpassed even its record second-quarter results by earning $19 billion in just three months, or the equivalent of about $206 million a day.

Any effort would have to clear a 60-vote threshold in the Senate unless Democrats attempted the maneuver using the budget reconciliation process, which would require a simple majority for passage. Democrats have a short window after the midterm elections and before the end of the year to try that option. They would need to convince a likely skeptical Senator Joe Manchin and other moderate Democrats to go along with the plan.

The US enacted a windfall profit tax on the US oil industry in 1980, ultimately generating some $80 billion in gross revenues over the next eight years, according to the Congressional Research Service. But that extra revenue may have come at the expense of domestic oil development. US crude production declined as much as 8% over the same time period, even as the US became more dependent on foreign imports, CRS analysts said.

Although Washington’s interest in a windfall-profits tax may ebb after the elections next week, Biden’s warning that oil companies could “face other restrictions” could telegraph an administration move to curtail exports of diesel.

Administration officials have beseeched refiners to voluntarily curb exports and max out deliveries of gasoline and diesel to the Northeast US to help rebuild dwindling inventories before winter.

Unlike a tax on profits that must be passed by Congress, export controls can be imposed administratively.

“We would be inclined to interpret the reference to ‘other restrictions’ as a further nod to possible limits on refined products exports,” ClearView Energy Partners said in a research note to clients. Amid low product inventories, export limits could remain a risk even after the elections, ClearView said.
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Old 04-11-2022, 13:18   #952
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Dagen olje pris er 94,52 USD/fat

Sakset fra dagens World Oil ;

GOP plans to offer oil, gas and trees as climate fixes in next Congress
Ari Natter, Bloomberg November 03, 2022

(Bloomberg) — Republicans in Congress are dusting off past plans to address climate change as they prepare for the likely prospect they will win control of at least one chamber of Congress in the midterm elections next week. Their ideas include planting millions of trees and boosting energy efficiency, hydropower, nuclear energy and carbon sequestration. They would also increase domestic fossil fuel production by expanding federal oil and gas leasing and banning energy development moratoriums on federal lands.


“Our energy solutions are climate solutions,” said Representative Cathy McMorris Rodgers, a Republican from Washington State who is poised to lead the House Energy and Commerce Committee next year if the GOP takes control of the chamber. “America can and must lead the world in reducing emissions without trading our security to the Chinese Communist Party and sacrificing our energy reliability and affordability to OPEC+.”

The International Energy Agency has said stopping all investment in fossil fuel production is necessary to zero out the world’s energy emissions by 2050. The world’s top group of climate scientists, the Intergovernmental Panel on Climate Change, has said significantly reducing fossil fuel use is necessary to limit global warming to 2C and thereby avoid the worst impacts of climate change.

Republicans say more domestic drilling is good for the climate because US energy is cleaner than that produced in other nations with less stringent environmental regulations, and is produced more efficiently. “We care about the climate, we care about the environment, and the way to do that is by increasing American-made energy because it’s better than anywhere else in the world,” said Rebekah Hoshiko, a spokeswoman for Republicans on the House Natural Resources Committee.

Increases in liquefied natural gas or oil could provide some climate benefit under the right circumstances, said Jesse Jenkins, an assistant professor at Princeton University who researches paths to net zero energy. For instance, LNG that replaces coal imports in Asia, or oil production that supplants tar sands development in Canada or heavy crude production in Venezuela, could provide a moderate benefit for the climate, Jenkins said.

“These are all things things that there is a legitimate case they reduce emissions by a modest amount, under the right circumstances. But they are not game changers,” Jenkins said. “They are not going to put the world on a path to net zero emissions.”

Environmental groups are deeply skeptical of the plans. “Unfortunately, if the past is prologue, they are going to trot out more of their same old failed energy policies,” said Tiernan Sittenfeld, a senior vice president with the League of Conservation Voters. “Clearly they want to keep us dependent on fossil fuel to the benefit of big oil and dirty coal.”

Some of the ideas Republicans are considering overlap with those in the Democrats’ Inflation Reduction Act, which includes $370 billion in spending to fight climate change, including generous tax credits for nuclear, hydrogen and carbon capture, and funding for energy technology research and development as well as forestry conservation and new tree planting. No Republicans in Congress voted for the Inflation Reduction Act in August.

The party previewed its plans over the summer, releasing a strategy drawn up by an “energy, climate, and conservation task force” created by House leadership, who promised it would lower energy costs and create jobs while cutting global emissions and reducing America’s reliance on energy from foreign adversaries. The strategy doesn’t specify emissions-reductions targets.

In recent years, GOP lawmakers have largely shifted away from denying the scientific consensus that human activity is causing Earth to warm up. “I’m not here to debate climate change,” Representative Bill Johnson, an Ohio Republican, said when asked about the issue during a recent phone interview. “We are not climate deniers, we just believe that we have better alternatives.” Johnson cast doubt on the severity of climate change and its human causes in a 2013 op-ed; his office didn’t respond to a question about whether his views have changed since then.

But some Republicans argue that cutting emissions dramatically will hurt the economy and that US shouldn’t take aggressive action while countries like China and India pollute heavily — a stance criticized by climate advocates and the Biden White House as “delayism.” Climate change has also been dragged into the culture wars, with Republicans on and off Capitol Hill attacking environmental, social and governance (ESG) investing.

In 2020, GOP forays into addressing climate change ran into opposition from some right-wing groups, who argued the attempts would turn off conservative voters and harm the economy. Among the proposals advanced then were funding for carbon capture, the expansion of a tax credit for companies that capture carbon dioxide and a program — expected to be reprised by the GOP next Congress — to plant 1 trillion trees globally.

“Now they have the opportunity to consider the evidence and decide what policies they want to support,” said Alex Flint, the executive director of Alliance for Market Solutions, a conservative group that favors a tax on carbon to reduce emissions of the planet-warming gas. “They are moving in the right direction, but we don’t know what Republican climate policy is going to be right now.”

But with climate polling dead last this election cycle among conservative Republicans, it remains to be seen how much a of a push the Republican Party will make this time around, especially as gasoline and other energy costs surge.

“Why pivot away from winning messages on the economy, crime and border security?” said Mike McKenna, a GOP strategist. “Nobody cares about climate change.”

An early test will be to see if Kevin McCarthy, the House’s top Republican, opts to keep a special select committee on climate change created by House Speaker Nancy Pelosi in 2019. Former Vice President Mike Pence is already lobbying to have it killed.

“It’s not a Select Committee on Climate Crisis, it’s a Select Committee in support of the War on American Energy,” Pence said on Twitter.
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Old 07-11-2022, 15:51   #953
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Tendensen er dessverre oppover igjen , dagens oljepris er : 97,14 USD/fat

Sakset fra dagens World Oil ;

Biden feud with oil industry ratchets up just as world needs more US oil
Kevin Crowley, Jennifer A. Dlouhy, Ari Natter November 06, 2022

(Bloomberg) – As October drew to a close, the White House saw another potential energy flash point on the horizon.


Biden with UAE President Sheikh Modammed
Diesel and heating oil inventories in the US Northeast were getting worryingly low. Officials swung into action, organizing a series of calls between Energy Secretary Jennifer Granholm and several of the country’s biggest oil refiners to discuss strategies to boost stockpiles. The tone was cordial, according to people with knowledge of the conversations.

But the very next working day, the oil industry was blindsided. At a hastily arranged press conference on Oct. 31, President Joe Biden castigated oil companies for handing “outrageous” profits to shareholders and executives rather than bringing down prices at the pump. Unless that changed, he warned, oil companies faced more taxes. “Their profits are a windfall of war -- the windfall from the brutal conflict that’s ravaging Ukraine and hurting tens of millions of people around the globe,” he said.

It was just the kind of whiplash that has repeatedly sown mistrust and stoked tensions with the fossil fuel industry over the course of the Biden administration, according to multiple interviews with executives and lobbyists involved in oil and gas, who declined to be identified because the meetings and conversations they described were private.

Biden’s team has been at odds with the industry since the 2020 election campaign. But as global energy prices spiked this year following Russia’s invasion of Ukraine, the White House called on oil companies to help, only to grow increasingly frustrated that it’s holding back on production while reaping record earnings.

“Month after month, these companies have posted record profits that they’ve then used to pad shareholder pockets rather than boost production and lower gas prices,” said White House spokesman Abdullah Hasan. “Month after month, we’ve offered them every opportunity and incentive to change their behavior.”

Conflicting policy priorities

While they were never under any illusions about the president’s green ambitions, oil industry insiders say they’ve become increasingly unhappy with a series of conflicting policy priorities -- for example, moving within a matter of months from a halt on federal leasing for oil drilling to demanding more production -- and unrealistic requests such as spending billions of dollars to rapidly add more refining capacity.

Unwilling to act as fall guys for surging household fuel bills in the run-up to the midterm elections, typically low-profile industry figures are becoming more outspoken. Last week, the chief executive officers of Exxon Mobil Corp. and Chevron Corp. issued grave warnings about potential windfall taxes. Marshall McCrea, co-CEO of pipeline operator Energy Transfer LP, said this week that US energy policy is so all over the map that it’s becoming like “a Saturday Night Live skit.”

“It’d be funny if it wasn’t so tragically sad,” he added.

For its part the administration says it has approved 9,000 drilling permits, released 180 million barrels of oil from the Strategic Petroleum Reserve and essentially provided a floor under the oil price with a commitment to repurchase crude at $70 a barrel.

“If they don’t like the carrots approach, the president has made clear we can use sticks too,” Hasan said. “We will do what we need to do to support American families.”

The tensions come at a fraught moment for both the country and the rest of the world. President Vladimir Putin’s weaponization of Russia’s natural gas has left Europe facing a perilous winter. OPEC has been unwilling to ease a tight oil market; instead, last month, it defied US wishes by agreeing with Russia to reduce output.

Recent history shows the US can play a vital role in ramping up oil production to ease prices and provide energy security. After all, the shale revolution added more crude to global markets than the entire production of Iraq and Iran combined from 2012 to 2020, making the US the biggest producer of both oil and gas.

But to repeat that growth spurt again would require the right investor and policy support, as well as balancing increasingly ambitious US climate goals. So far the signs of that happening aren’t good.

“A lot of senior executives are kind of throwing in the towel with this White House,” said Stephen Brown, an energy consultant who formerly served as head of federal affairs for refiner Andeavor. “When we talk to folks inside the administration we hear things that are conciliatory toward establishing a relationship. And then you turn around and get hit between the eyes with a tweet.”
On Jan 20, 2020, his first day in office, Biden revoked a presidential permit for the Keystone XL pipeline, which would have allowed more Canadian crude to flow to Gulf Coast refineries. Days later, he issued a moratorium on new federal oil and gas leasing (later overturned in court).

Executives in the shale patch were infuriated as some of the best well locations in the Permian Basin are on federal land in New Mexico. The message was clear: Biden and his progressive caucus would be no friend to the oil industry.

As gasoline crossed the $3-a-gallon threshold in the middle of 2021, senior figures in the administration began paying more attention not only to the prices at the pump but also their role in pushing up inflation.

A critical moment came in November last year, when Biden accused the industry of “anti-consumer” behavior and complained that gasoline prices remained high even though oil and gas companies’ costs are declining.” Biden asked the Federal Trade Commission to investigate potential “illegal conduct.”

“The trust between industry and the administration has likely been deteriorating ever since,” said Frank Macchiarola, senior vice president of policy at the American Petroleum Institute, a group representing the energy industry. There’s a “lack of understanding of fundamentals of energy markets.”
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Old 08-11-2022, 12:01   #954
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Dagens oljepris er 97,92 USD/fat og i øyeblikket stigende.

Sakset fra World Oil idag ;

Report: Recession to bite global oil demand worse than IEA, OPEC predict
World Oil Staff November 07, 2022

(WO) – Global oil demand in 2023 will grow about a million barrels per day lower than organizations such as the International Energy Agency (IEA) and OPEC have forecast, according to a new report from Enverus Intelligence Research (EIR).


The EIR report looks at near-term global oil demand, correlations between gross domestic product (GDP) and oil demand, and the impacts of a possible recession on oil demand. It also explains why its estimate for global oil demand growth in 2023 remains sharply lower than the IEA and OPEC estimates.

The consensus estimate for 2023 oil demand growth calls for an increase of 1.7-2.0 MMbbl/d over 2022 demand, the report notes.

“While we don’t anticipate a repeat of the 2008 recession, we assess the consensus estimate for 2023 oil demand growth as optimistic, especially compared to historical analogues,” said Bill Farren-Price, the report’s author and a director at EIR. “We instead forecast oil demand growth of 1.0 MMbbl/d Y/Y for 2023.

“Our analysis shows that China, India and non-OECD Asia are the largest components of oil demand growth in 2023, with other regions offering negative or marginal growth at best,” Farren-Price said.

While the International Monetary Fund’s (IMF) GDP forecasts underpin its oil demand model, the EIR report says the IMF in 2008-09 was late in forecasting recession and light in its expectations for the pace of recovery. Medium-term growth was also below the Fund’s forecasts during the recovery phase.

Contributing to the slower-growth projections, EIR noted, roughly half of global oil demand is consumed by the transport sector, where energy transition is accelerating.

Enverus Intelligence Research is a registered investment adviser that publishes energy-sector research focused on the oil and natural gas industries. It is a subsidiary of Enverus, the energy-dedicated SaaS platform.
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Old 09-11-2022, 12:37   #955
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Dagens oljepris noe ned : 95,36 USD/fat

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US sees oil growth slowing in 2023, falling short of record
Sheela Tobben November 08, 2022

(Bloomberg) – The US slashed its forecast for 2023 oil production in the latest sign that world crude markets can’t rely on American shale fields to ramp up supply quickly enough to reduce high energy prices over the next year.


Production is now estimated to hit 12.31 million barrels a day in 2023, according to a monthly report from the Energy Information Administration released Tuesday, a fifth straight downward revision by the government agency. Next year’s output was previously expected to surpass the record 12.315 million barrels set in 2019.

The projection suggests the pace of US shale growth, one of the few sources of major new supply in recent year, is slowing despite oil prices hovering at around $90 a barrel, about double most domestic producers’ breakeven costs. If the trend continues, it would deprive the global market of additional barrels to help make up for OPEC+ production cuts and disruption to Russian supplies amid its invasion of Ukraine.

The EIA’s view, coming the same day that the US votes in midterm elections, is also a likely blow to President Joe Biden. He has repeatedly called on oil companies to use record profits to increase supply and help bring down fuel prices. Biden last week threatened the industry with a tax on windfall profits unless they increase investment.

The previous boom in US shale production fostered an era of relatively cheap energy costs. It added more crude to global markets than the entire production of Iraq and Iran combined from 2012 to 2020, transforming the country into the biggest producer of both oil and gas.

But the rebound in US production following the initial onslaught of Covid-19 has been lackluster. The EIA said Tuesday that output this year will average 11.83 million barrels a day. While that represents the first increase in its estimate since June, it means domestic output is still about 10% below the level seen back in February 2020, the month before the pandemic triggered a collapse in demand and widespread cuts to production.

U.S. shale producers have cited rising costs as one reason for slow growth. Executives speaking on earnings conference calls over the past week have warned of the impact of supply-chain constraints. Limited supplies of labor and equipment are “dictating the pace of the industry” right now, Ryan Lance, the chief executive officer of US oil producer ConocoPhillips, said Nov. 3.

Rocketing inflation for oilfield items such as pipes, steel casing and frack sand is weighing on producers. The number of rigs drilling for crude in the US has climbed at a slower pace since July, while the inventory of drilled-but-uncompleted wells that swelled during the height of the pandemic is now largely used up.

But the biggest factor behind the slowdown in growth is shale companies’ commitment to profits over production, a major reversal from the preceding decade when they increased output at almost any cost.

“The majority of those companies are drilling and investing in a way that’s more disciplined than what was in favor prior to the pandemic,” EOG Resources Inc. CEO Ezra Yacob said last week.

The new shale business model is good for shareholders, with US oil and gas stocks trading at record highs and companies spending billions of dollars on share buybacks and dividends. But it’s stoking tensions with the White House, which this year has repeatedly implored the industry to boost production.

“Capital discipline will be the main constraint on production,” said Hunter Kornfeind, an oil-market analyst at Rapidan Energy Group. “There is risk to the downside, due to inflationary pressure and more so capital discipline. I don’t see that this will subside next year.”
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Old 10-11-2022, 14:43   #956
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Dagens pris er noe ned 92,63 USD/fat
Grunn til å tro at den vil være noe sluggish igjennom vinteren.

Sakset fra dagens World Oil ;

Oil drops as US inventories swell amid China's Covid Challenges
Julia Fanzeres November 09, 2022

(Bloomberg) – Oil declined as U.S. crude inventories rose while China struggles to contain rising Covid cases.

West Texas Intermediate lost 3.5% to settle near $86 a barrel. U.S. crude stockpiles rose 3.93 million barrels, climbing to the highest since July 2021, according to government data.

Meanwhile, swelling virus outbreaks in China show the strain its Covid Zero strategy is facing, with cases in Beijing hitting the highest in more than five months.

“The macro data from China is much more negative” than the weekly crude inventories report and is “the real driver of trading direction,” said Rebecca Babin, a senior energy trader at CIBC Private Wealth Management.

“However, if you were hoping to see crude draws add to an overwhelmingly negative macro backdrop, this report did not deliver,” she added.

Crude has rebounded of late, with Brent futures rallying toward $100 earlier this week, after the Organization of Petroleum Exporting Countries and its allies agreed to cut supplies.

The International Energy Agency said on Wednesday that the group may need to rethink its plans as they are damaging emerging economies. The world’s main physical oil benchmark, Dated Brent, rallied back above $100 this week.
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Old 11-11-2022, 21:46   #957
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Default Re: Ny rekord igjen for oljeprisen og dollaren

USDNOK var for først gang på en stund under 10kr i dag
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Old 23-11-2022, 13:54   #958
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Dagens oljepris har bikket under 90 USD til 87,73USD/fat

Sakset fra dagens World Oil;

Equinor, partners to invest $1.4 billion to develop Norwegian gas field
Kari Lundgren, Bloomberg November 22, 2022

(Bloomberg) — Norway will add a new natural gas field in the Norwegian Sea from 2026 in a push to bolster supplies to continental Europe as the EU rushes to replace Russian flows.


Equinor ASA will lead the development of the Irpa gas discovery in the northern reaches of the Norwegian Sea to unlock an estimated 20 billion standard cubic meters of recoverable reserves, Norway’s Petroleum and Energy Ministry said in a statement on Tuesday. Investments will total 14.8 billion kroner ($1.4 billion), with production planned for the fourth quarter of 2026.

Petroleum and Energy Minister Terje Aasland received the development plan as Europe faces years of uncertainty over gas supplies after flows from Russia were cut in the aftermath of the invasion of Ukraine. Norway has sought to boost production in an attempt to offset some of that decline.

“Europe’s need for energy security is enormous and its hugely important these days that we can continue to develop the Norwegian continental shelf and continue to be a stable and long-term supplier of gas to the European market,” Aasland said in an interview.

Irpa, previously known as Asterix, will be developed with a seabed facility that will be connected to the Aasta Hansteen platform for processing and further transport through the Polarled gas pipeline to the markets in Europe. It is expected to produce until 2039, extending the life of Hansteen by seven years.

“This lengthens the lifespan of Aasta Hansteen, secures gas deliveries to Europe and creates jobs and ripple effects,” Equinor Executive Vice President for Projects, Drilling and Procurement, Geir Tungesvik said Tuesday. At 1,350 meters (4,429.1 feet) the field is the deepest on the Norwegian continental shelf, he said, adding that accessing the gas will involve the use of new technology to insulate the pipelines from extreme cold.

Equinor is operator with a 51% stake, while Petoro AS owns 20%, Wintershall Dea 19% and Shell Plc 10%.
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Old 24-11-2022, 15:58   #959
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Default Re: Ny rekord igjen for oljeprisen og dollaren

Dagens oljepris faller noe til USD 84,86 pr fat.

Sakset fra dagens World Oil ;

The chicken or the egg: Deciding between digital transformation and cybersecurity

As companies adopt new technologies to make business more effective and efficient, new risks emerge, and old risks evolve. This requires great cybersecurity that has tools and processes built to adapt to change with minimal effort.

Danielle Jablanski / Nozomi Networks

The exploration, drilling, completion and production operations of offshore and onshore oil and gas are experiencing increased cyber incidents. Malicious actors are seeking to extort owners and operators for money and sensitive data, or distort physical processes and disrupt operations. Outdated OT systems, flat networks, insecure IoT devices, vulnerable control systems and porous IT environments are high-value targets. Despite this reality, technology is not the enemy.


The evolution of operational technology (OT) and industrial control systems (ICS) in oil and gas operations have moved from on-premises connectivity between systems, often using ethernet, to connecting multiple sites and often remote locations, to the expansion of supervisory control and data acquisition (SCADA) architectures, and increasingly, the adoption of cloud technologies.

As companies adopt new technologies to make business more effective and efficient, new risks emerge, and old risks evolve. Common risks, including copycat cyber criminals and disorganized dark web scammers, continue to look for low-hanging fruit and easy-to-target enterprises, Fig. 1. An emerging and more concerning cyber-physical risk has been the evolution of “killware”—malware focused on causing harm to workers or populations in close proximity to a targeted system or enterprise.
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Old 25-11-2022, 12:36   #960
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Ingen særlig endring i oljeprisen fra igår , litt over 84 USD/fat.

Sakset fra dagens World Oil;

EU talks stall over price level for proposed Russian oil cap
Ewa Krukowska and Alberto Nardelli, Bloomberg November 23, 2022

(Bloomberg) — Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil bogged down Wednesday evening, as governments split over how to design the plan, according to people familiar with the matter.


The EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltic nations rejected as being too generous to Moscow, the people said. But several countries with major shipping industries, including Greece and Malta, don’t want to go below $70, the upper end of the range put forward by the EU earlier Wednesday.

Ambassadors are scheduled for more talks Wednesday night. If an agreement isn’t reached, they could reconvene as early as Thursday to continue their discussions. The EU’s energy ministers are also set to meet Thursday to discuss measures to contain the price of natural gas.

“We’re looking for ways how this can work and how one can find a common basis so that this can be implemented in an ideally pragmatic and efficient way while at the same time avoiding that this could lead to excessive disadvantages for the countries of the European Union,” German Chancellor Olaf Scholz told reporters Wednesday night. “But for my part, I want to say that I’m pretty confident that we’ll get this done soon.”

At $65, the price cap would be well above Russia’s cost of production. But since Russia is already selling its crude at discounts, a high cap would likely have minimal impact on trading.

The EU and G-7 had originally hoped to sign off on the price cap level on Wednesday. The cap needs the backing of all EU member states to be approved.

Oil prices fell earlier Wednesday after Bloomberg reported the proposed price range. One reason traders appeared to shrug it off is that insurers and shippers will simply have to make sure the cargoes they carry were sold below the cap price. If the cap comes in close to existing discount levels, Russia could claim it’s conducting business as usual.

“Russian oil currently trades at a significant discount compared to Brent, around $65 per barrel,” said Simone Tagliapietra, a senior fellow at the Bruegel think tank in Brussels. “Should the G-7 price cap for Russian oil be set at a similar level, it wouldn’t do much harm to Russia.”

The aims of the price cap were always ambiguous: The US wanted to make sure Russian oil kept flowing while also trimming Moscow’s revenue. The EU sanctions initially were more focused on reducing revenue for Vladimir Putin’s war machine. The result of the hard-negotiated cap has been to soften the impact of the impending EU sanctions.
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