10 VLCC-SLUTNINGER FREDAG, AG-SINGAPORE -0,1%
TANK: 10 VLCC-SLUTNINGER FREDAG, AG-SINGAPORE -0,1%
Oslo (TDN Direkt): Det ble rapportert om ti VLCC-slutninger fredag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 43 worldscalepoeng fredag, tilsvarende en nedgang på omtrent 0,1 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet fire reiser fra AG, der tre går til Kina og en går til Østen.
Videre ble det sluttet to reiser til Østen, der to går fra Brasil. Det ble også sluttet en reise fra USA-gulfen til Storbritannia.
Ellers ble det sluttet tre reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -700
270 AG/Korea 40 9.300
260 V-Afr/Kina 46 16.200
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 307 517
Singapore - 321 518
Rotterdam - 292 470
==============================================================
Slutningstelling AG:
==============================================================
Feb'19 - 125
Jan'19 - 144
Des'19 - 139
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Redigert 21.01.2021 kl 08:59
Du må logge inn for å svare
Volf
18.02.2020 kl 08:54
15554
TANK: 12 VLCC-SLUTNINGER MANDAG, AG-SINGAPORE -0,2%
Oslo (TDN Direkt): Det ble rapportert om tolv VLCC-slutninger mandag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 43 worldscalepoeng mandag, tilsvarende en nedgang på omtrent 0,2 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet seks reiser fra AG, der tre går til Kina, en går til Singapore, en går til Sør-Korea og en går til Brunei.
Videre ble det sluttet en reise fra Vest-Afrika til Kina, og en reise fra Brasil til Sør-Korea.
Ellers ble det sluttet fire reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -700
270 AG/Korea 40 9.300
260 V-Afr/Kina 47 17.400
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 313 514
Singapore - 324 514
Rotterdam - 295 472
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 0
Feb'19 - 133
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
18.02.2020 kl 20:15
15327
Devon Energy’s (NYSE:DVN) transition from a gas-weighted asset portfolio towards a rather one-sided focus on US onshore oil seems to be paying off as the US firm’s Q4 earnings, to be published this evening, are expected to surpass expectations.
- Extraction Oil & Gas (NASDAQ:XOG) has dropped almost 9% on the news that it would lay off 20% of its Colorado workforce as weaker prices and regulatory requirements continue to plague its DJ Basin operations.
- Glencore (LSE:GLEN.L) shares took a plunge Tuesday when the world’s largest commodity trader announced its first annual net loss in 5 years (at $404 million), on the back of underperforming coal and metal assets.
Tuesday, February 18, 2020
A robust five-day rally in oil prices was cut short by another wave of uncertainty as it became clear that any OPEC+ deal will take substantially more deliberation than originally thought and the much-hoped-for V-shaped recovery in Chinese oil demand is unlikely to come about as quickly as previously projected “Activity is slowly picking up, and while oil demand for storage has remained robust, the demand for products remains low”, Ole Sloth Hansen of Saxo Bank A/S told Bloomberg, adding that “the market will have to live with a W-shaped recovery rather than a V-shaped one”.
Neutral Zone To Reach Full Capacity Before 2020 End. Kuwait’s oil minister stated that production from the heretofore shut-down Divided Zone, hastily restarted on February 16, will be ramped up to 550kbpd peak production “before the end of the year”. Early indications suggest Kuwait and Saudi Arabia will aim to maximize medium sour Khafji output to 325kbpd, in a move that has already sparked rumors that the impact of the September 14 attack might be more severe than officially acknowledged by Riyadh.
Chinese State Refiners Cut Runs. Argus reported that the February average refinery runs in China will be 3.9mbpd lower than in January (at 9mbpd), hitting the lowest level since January 2014. Sinopec will bear the brunt of refinery cuts, lowering utilization rates to some 60-70 percent across the country to the effect of decreasing February runs by 1.4mbpd month-on-month, whilst Petrochina will cut 0.77mbpd from January levels.
ENI Finds Oil Offshore Mexico. The Italian major ENI (NYSE:E) announced that its Saasken-1 well, drilled in 340 meters of water to a total depth of 3830 meters, has discovered 80 meters of net oil pay, pointing to a reserve base of 200-300 MMbbls. With six further operated blocks in Mexico’s Sureste Basin, ENI is emerging as the leading offshore non-Mexican oil firm with output potential of some 200kbpd by mid-2020s.
Tullow Oil’s Cold Streak Doesn’t Seem to End. In contrast to ENI, UK-based Tullow Oil (LSE:TLW.L) has experienced another painful setback when the Marina-1 exploration well, drilled to a total depth of 3 022 metres in 362 metres of water in deepwater offshore Peru turned out to be dry. With its stock having declined 64% last year, the Peru drilling fiasco has sent its shares a further 8% down.
Libya Production Drops Even Lower. Libya’s national oil company reported that as of Monday its oil production stood at 135.7 thousand barrels per day, roughly one-tenth of what it was before Field Marshal Haftar’s army launched a blockade of Libya’s ports. Total losses from the blockade already reached $1.6 billion, according to NOC.
BP Signs MSGBC Basin Drill Deal. British Petroleum (NYSE:BP) has awarded a 4-well contract for the Valaris DS-7 drillship to drill offshore Senegal and Mauretania, with another 2020 exploration well stipulated for Gambia. Buoyed by 2019’s largest gas discovery, the 1.3bboe Orca gas find from late 2019, BP now wants to create three separate LNG hubs offshore Mauritania with a total production capacity of 10mtpa.
Belarus Threatens Russia With Crude Withdrawal. Still unable to find common ground with Russia on some 24mtpa of pipeline crude supplies, Belarussian President Alexander Lukashenko has threatened to “begin withdrawing transit crude from the Druzhba pipeline if Russia fails to supply oil in sufficient quantities”. Thus far, no Russian major has delivered any crude this year to Belarus as Russia wants to wean itself off subsidizing prices to FSU outlets.
Pyrenees Bounces Back From All-Time High. Arguably the world’s most expensive crude, the Australian Pyrenees has bounced back from an all-time high premium of $30.5 per barrel to Dated Brent, with BHP (ASX: BHP.AX) selling an April 10-15 loading cargo for a premium of $21 per barrel. The drop in value reflects the decrease of VSLFO prices on the Asian market – Pyrenees (19° API, 0.2% Sulphur) is highly suitable to blend into IMO 2020-compliant marine fuels.
Powder River Coal Facing a Dire Future. A mere ten years ago Powder River Basin-produced coal accounted for half of the United States’ electricity generation, now it dropped to half of that. Faced with ever-shrinking demand, 2019 production volumes have dropped 9% year-on-year to 266.8 million tons and this year will most probably see another decline of some 30 million tons, predicts University of Wyoming economist Rod Godby.
Rosneft Pledges 5 Billion in “Green” Commitments. The Russian national oil company Rosneft (MCX:ROSN.ME) has vowed to invest 5 billion in “green” causes over the next five years. Shying away from investing in renewables or setting a carbon-neutral path forward, the Russian firm will primarily focus on cutting greenhouse gas emissions (by 8 million tons by 2022) and reutilizing associated petroleum gas.
Shell Reports First Coronavirus Case. The Anglo-Dutch major has confirmed that one of its contractors at the 500kbpd Pulau Bukom Refinery, the largest wholly-owned by Shell (NYSE:RDS.A), contracted coronavirus. The company’s trading department has been on alert, too, as one of the operations staff was reported to be at risk of contraction, luckily this seems to have been a false alarm.
Qatar Delays Mooted LNG Projects. Reuters has reported that Qatar has postponed its North Field Expansion Project by 3-9 months, just several months after it announced its willingness to launch it together with Western majors like ExxonMobil (NYSE:XOM) or Shell (NYSE:RDS). The root cause of the delay lies in coronavirus depressing Asian demand, further aggravating the ongoing LNG supply glut which has already sent US LNG prices into record lows.
Israel Mothballs Nascent Shale Industry. Israel’s Energy and Environment Protection Ministry has stated it will not issue any new licences for shale oil exploration and production, for fear of unjustifiedly high “environmental and ecological footprint risks”. The Ministry said it will not renew the Mishor Rotem license (which belongs to Israel Chemicals, NYSE:ICL) beyond May 2021 and has initiated proceedings to reexamine the other two licenses that have been issued.
We invite you to read several of the most recent articles we have published which may be of interest to you:
Three Innovations To Upend The Energy Storage Market
The World’s Top LNG Producer Is In Trouble
Can LNG Kill Oil?
That’s all from your midweek intelligence report, we hope you enjoyed it and we´ll be back on Friday, with your latest energy market update, industry intelligence and special report.
Best regards,
Tom Kool
- Extraction Oil & Gas (NASDAQ:XOG) has dropped almost 9% on the news that it would lay off 20% of its Colorado workforce as weaker prices and regulatory requirements continue to plague its DJ Basin operations.
- Glencore (LSE:GLEN.L) shares took a plunge Tuesday when the world’s largest commodity trader announced its first annual net loss in 5 years (at $404 million), on the back of underperforming coal and metal assets.
Tuesday, February 18, 2020
A robust five-day rally in oil prices was cut short by another wave of uncertainty as it became clear that any OPEC+ deal will take substantially more deliberation than originally thought and the much-hoped-for V-shaped recovery in Chinese oil demand is unlikely to come about as quickly as previously projected “Activity is slowly picking up, and while oil demand for storage has remained robust, the demand for products remains low”, Ole Sloth Hansen of Saxo Bank A/S told Bloomberg, adding that “the market will have to live with a W-shaped recovery rather than a V-shaped one”.
Neutral Zone To Reach Full Capacity Before 2020 End. Kuwait’s oil minister stated that production from the heretofore shut-down Divided Zone, hastily restarted on February 16, will be ramped up to 550kbpd peak production “before the end of the year”. Early indications suggest Kuwait and Saudi Arabia will aim to maximize medium sour Khafji output to 325kbpd, in a move that has already sparked rumors that the impact of the September 14 attack might be more severe than officially acknowledged by Riyadh.
Chinese State Refiners Cut Runs. Argus reported that the February average refinery runs in China will be 3.9mbpd lower than in January (at 9mbpd), hitting the lowest level since January 2014. Sinopec will bear the brunt of refinery cuts, lowering utilization rates to some 60-70 percent across the country to the effect of decreasing February runs by 1.4mbpd month-on-month, whilst Petrochina will cut 0.77mbpd from January levels.
ENI Finds Oil Offshore Mexico. The Italian major ENI (NYSE:E) announced that its Saasken-1 well, drilled in 340 meters of water to a total depth of 3830 meters, has discovered 80 meters of net oil pay, pointing to a reserve base of 200-300 MMbbls. With six further operated blocks in Mexico’s Sureste Basin, ENI is emerging as the leading offshore non-Mexican oil firm with output potential of some 200kbpd by mid-2020s.
Tullow Oil’s Cold Streak Doesn’t Seem to End. In contrast to ENI, UK-based Tullow Oil (LSE:TLW.L) has experienced another painful setback when the Marina-1 exploration well, drilled to a total depth of 3 022 metres in 362 metres of water in deepwater offshore Peru turned out to be dry. With its stock having declined 64% last year, the Peru drilling fiasco has sent its shares a further 8% down.
Libya Production Drops Even Lower. Libya’s national oil company reported that as of Monday its oil production stood at 135.7 thousand barrels per day, roughly one-tenth of what it was before Field Marshal Haftar’s army launched a blockade of Libya’s ports. Total losses from the blockade already reached $1.6 billion, according to NOC.
BP Signs MSGBC Basin Drill Deal. British Petroleum (NYSE:BP) has awarded a 4-well contract for the Valaris DS-7 drillship to drill offshore Senegal and Mauretania, with another 2020 exploration well stipulated for Gambia. Buoyed by 2019’s largest gas discovery, the 1.3bboe Orca gas find from late 2019, BP now wants to create three separate LNG hubs offshore Mauritania with a total production capacity of 10mtpa.
Belarus Threatens Russia With Crude Withdrawal. Still unable to find common ground with Russia on some 24mtpa of pipeline crude supplies, Belarussian President Alexander Lukashenko has threatened to “begin withdrawing transit crude from the Druzhba pipeline if Russia fails to supply oil in sufficient quantities”. Thus far, no Russian major has delivered any crude this year to Belarus as Russia wants to wean itself off subsidizing prices to FSU outlets.
Pyrenees Bounces Back From All-Time High. Arguably the world’s most expensive crude, the Australian Pyrenees has bounced back from an all-time high premium of $30.5 per barrel to Dated Brent, with BHP (ASX: BHP.AX) selling an April 10-15 loading cargo for a premium of $21 per barrel. The drop in value reflects the decrease of VSLFO prices on the Asian market – Pyrenees (19° API, 0.2% Sulphur) is highly suitable to blend into IMO 2020-compliant marine fuels.
Powder River Coal Facing a Dire Future. A mere ten years ago Powder River Basin-produced coal accounted for half of the United States’ electricity generation, now it dropped to half of that. Faced with ever-shrinking demand, 2019 production volumes have dropped 9% year-on-year to 266.8 million tons and this year will most probably see another decline of some 30 million tons, predicts University of Wyoming economist Rod Godby.
Rosneft Pledges 5 Billion in “Green” Commitments. The Russian national oil company Rosneft (MCX:ROSN.ME) has vowed to invest 5 billion in “green” causes over the next five years. Shying away from investing in renewables or setting a carbon-neutral path forward, the Russian firm will primarily focus on cutting greenhouse gas emissions (by 8 million tons by 2022) and reutilizing associated petroleum gas.
Shell Reports First Coronavirus Case. The Anglo-Dutch major has confirmed that one of its contractors at the 500kbpd Pulau Bukom Refinery, the largest wholly-owned by Shell (NYSE:RDS.A), contracted coronavirus. The company’s trading department has been on alert, too, as one of the operations staff was reported to be at risk of contraction, luckily this seems to have been a false alarm.
Qatar Delays Mooted LNG Projects. Reuters has reported that Qatar has postponed its North Field Expansion Project by 3-9 months, just several months after it announced its willingness to launch it together with Western majors like ExxonMobil (NYSE:XOM) or Shell (NYSE:RDS). The root cause of the delay lies in coronavirus depressing Asian demand, further aggravating the ongoing LNG supply glut which has already sent US LNG prices into record lows.
Israel Mothballs Nascent Shale Industry. Israel’s Energy and Environment Protection Ministry has stated it will not issue any new licences for shale oil exploration and production, for fear of unjustifiedly high “environmental and ecological footprint risks”. The Ministry said it will not renew the Mishor Rotem license (which belongs to Israel Chemicals, NYSE:ICL) beyond May 2021 and has initiated proceedings to reexamine the other two licenses that have been issued.
We invite you to read several of the most recent articles we have published which may be of interest to you:
Three Innovations To Upend The Energy Storage Market
The World’s Top LNG Producer Is In Trouble
Can LNG Kill Oil?
That’s all from your midweek intelligence report, we hope you enjoyed it and we´ll be back on Friday, with your latest energy market update, industry intelligence and special report.
Best regards,
Tom Kool
Volf
19.02.2020 kl 08:54
14965
TANK: 14 VLCC-SLUTNINGER TIRSDAG, AG-SINGAPORE 0,0%
Oslo (TDN Direkt): Det ble rapportert om 14 VLCC-slutninger tirsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 43 worldscalepoeng tirsdag, uendret fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet fem reiser fra AG, der to går til India, en går til Østen, en går til Thailand og en går til Vietnam.
Videre ble det sluttet en reise fra Vest-Afrika til USAs Vestkyst, og en reise fra USA-gulfen til Singapore.
Ellers ble det sluttet syv reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -700
270 AG/Korea 41 10.600
260 V-Afr/Kina 47 17.400
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 312 512
Singapore - 326 513
Rotterdam - 296 473
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 7
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
19.02.2020 kl 22:44
14612
Dear ,
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Volf
20.02.2020 kl 08:35
14251
ANK: 15 VLCC-SLUTNINGER ONSDAG, AG-SINGAPORE 0,0%
Oslo (TDN Direkt): Det ble rapportert om 15 VLCC-slutninger onsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 43 worldscalepoeng onsdag, uendret fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet seks reiser fra AG, der to går til Singapore, en går til India, en går til Østen, en går til Thailand og en går til Brunei.
Videre ble det sluttet to reiser fra USA-gulfen, der en går til Storbritannia og en går til India.
Det ble også sluttet en reise fra Nederland til Singapore-Thailand, og en reise fra Vest-Afrika til Kina.
Ellers ble det sluttet fem reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -1.300
270 AG/Korea 41 10.600
260 V-Afr/Kina 46 16.200
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 309 509
Singapore - 318 513
Rotterdam - 293 469
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 7
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Oslo (TDN Direkt): Det ble rapportert om 15 VLCC-slutninger onsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 43 worldscalepoeng onsdag, uendret fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet seks reiser fra AG, der to går til Singapore, en går til India, en går til Østen, en går til Thailand og en går til Brunei.
Videre ble det sluttet to reiser fra USA-gulfen, der en går til Storbritannia og en går til India.
Det ble også sluttet en reise fra Nederland til Singapore-Thailand, og en reise fra Vest-Afrika til Kina.
Ellers ble det sluttet fem reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -1.300
270 AG/Korea 41 10.600
260 V-Afr/Kina 46 16.200
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 309 509
Singapore - 318 513
Rotterdam - 293 469
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 7
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
20.02.2020 kl 09:51
14050
FRO: DANSKE BANK NEDJUSTERER KURSMÅL TIL 106 (164), GJENTAR KJØP
Oslo (TDN Direkt): Danske Bank nedjusterer kursmålet på Frontline til 106 kroner pr aksje, ned fra tidligere 164 kroner. Kjøpsanbefalingen opprettholdes.
Det fremgår av en oppdatering onsdag kveld.
Meglerhuset fortsetter å tro på det langsiktige caset for forbedrede markeder for råoljetankskip, men ser potensielle motvinder for ratene fra koronavirusutbruddet og kutter rateestimatene for 2020 som et resultat.
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Blir gøy når hysteriet om virus er ferdig. https://www.vg.no/nyheter/utenriks/i/e84kAg/lyspunkt-om-coronavirus-flere-friskmeldt-enn-nye-syke
PSI- Investor
20.02.2020 kl 10:12
13942
Volf: Har du mulighet til å kommentere hva en rate på minus 1300 egentlig betyr?
Volf
21.02.2020 kl 08:44
13622
TANK: 8 VLCC-SLUTNINGER TORSDAG, AG-SINGAPORE +0,6%
Oslo (TDN Direkt): Det ble rapportert om åtte VLCC-slutninger torsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 43 worldscalepoeng torsdag, tilsvarende en oppgang på 0,6 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet tre reiser fra AG, der to går til Kina og en går til India. Det ble også sluttet en reise fra Nederland til Taiwan.
Ellers ble det sluttet fire reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -1.100
270 AG/Korea 41 10.600
260 V-Afr/Kina 46 16.200
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 314 507
Singapore - 323 514
Rotterdam - 298 472
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 15
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
PSI- Investor skrev Volf: Har du mulighet til å kommentere hva en rate på minus 1300 egentlig betyr?
Kan det bety noe annet enn at rederiet betaler befrakteren USD 1300 per dag?
Ønsker rederiet å flytte skipet til oppdrag rundt USA, er det billigere enn å seile ballast og selv betale drivstoff når befrakteren betaler drivstoff for reisen. Egentlig betaler befrakteren for drivstoff AG/USG og tilbake. Slik sett er ikke oppdraget så dårlig som det ser ut ved første øyekast. Muligens går rederiet totalt sett break-even på reisen, så lengde de bare seiler en vei (til USG), og så tar nye oppdrag
"i nærheten" av USG.
Ønsker rederiet å flytte skipet til oppdrag rundt USA, er det billigere enn å seile ballast og selv betale drivstoff når befrakteren betaler drivstoff for reisen. Egentlig betaler befrakteren for drivstoff AG/USG og tilbake. Slik sett er ikke oppdraget så dårlig som det ser ut ved første øyekast. Muligens går rederiet totalt sett break-even på reisen, så lengde de bare seiler en vei (til USG), og så tar nye oppdrag
"i nærheten" av USG.
Redigert 22.02.2020 kl 02:50
Du må logge inn for å svare
Volf
24.02.2020 kl 08:42
12659
TANK: 13 VLCC-SLUTNINGER FREDAG, AG-SINGAPORE +0,4%
Oslo (TDN Direkt): Det ble rapportert om 13 VLCC-slutninger fredag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 44 worldscalepoeng fredag, tilsvarende en oppgang på 0,4 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet syv reiser fra AG, der to går til Kina, to går til Østen, en går til Sør-Korea, en går til Japan og en går til Singapore.
Videre ble det sluttet to reiser fra USA-gulfen, der en går til Singapore og en går til Østen.
Ellers ble det sluttet tre reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -1.700
270 AG/Korea 41 10.600
260 V-Afr/Kina 46 16.200
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 320 508
Singapore - 327 511
Rotterdam - 304 470
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 24
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
2020-02-25 12:53:19 CET
FRO: FOKUS PÅ 1.KV-BOOKINGER OG TRAFIGURA-TRANSAKSJON -ANALYTIKERE
Oslo (TDN Direkt): Fokuset på Frontlines fjerdekvartalsrapport og -presentasjon vil rettes mot bookinger i første kvartal og Trafigura-transaksjonen, venter analytikere.
Analytiker Anders Redigh Karlsen i Danske Bank tror det blir et bra kvartalsresultat, men påpeker at det kan være rom for avvik til hva man estimerer.
-Markedet var så volatilt i fjerde kvartal, så er de heldige har man fått noen kjempeslutninger som drar opp resultatet, sier han til TDN Direkt tirsdag.
Analytikeren viser også til at andre sammenlignbare selskaper, som DHT Holdings og Euronav, har guidet ganske sterkt for første kvartal 2020, og tipper at Frontline har gjort det på linje med dem.
Det store fokuset er derimot hva som skjer i markedet fremover, rundt eksempelvis koronavirusutbruddets påvirkninger, men han understreker at selskapet ikke er i stand til å si noe mer om markedet enn andre.
-Alle forventer et bra resultat, og jeg tror de fleste forventer et sterkt resultat for første kvartal, så får man se hva resten av året bringer, sier Danske Bank-analytikeren.
Pareto Securities skriver at fokuset vil være rettet mot Trafigura-transaksjonen og bookinger av driftsdagene for første kvartal under kvartalsfremleggelsen.
Fjerde kvartal er det første kvartalet der Trafigura-flåten er inkludert på timecharter-basis, påpeker meglerhuset, og siden transaksjonen ennå ikke er fullført, kan det være noen initiell forvirring rundt de rapporterte tallene.
Pareto Securities-analytikerne venter å justere VLCC-spotrateestimatene til 50.000 dollar pr dag for første kvartal.
"Vi understreker at Frontline har flere inntjeningsdager i både suezmax- og aframax-segmentene enn i VLCC, og begge har gjort det ganske bra så langt i første kvartal", skriver meglerhuset tirsdag.
SEB nedjusterer kursmålet på Frontline til 120 kroner pr aksje fra tidligere 142 kroner, samtidig som at kjøpsanbefalingen opprettholdes, ifølge en oppdatering mandag.
Videre venter meglerhuset at Frontline vil rapportere en effektiv inntjening på 56.000 dollar pr dag for VLCC-flåten i fjerde kvartal 2019, inkludert off-hire-tid og ballastdager ved utgangen av kvartalet.
Etter nedgangen i tankaksjer, er Frontline det eneste selskapet med en aksjekurs som fremdeles tillater innvannende egenkapitaltransaksjoner, skriver SEB, og legger til at selskapet har de finansielle evnene til å utnytte vekstmuligheter som kan oppstå.
"Vi tror dette, i tillegg til høye forventede utbyttebetalinger og en diversifisert og moderne flåte med lav kontant breakeven, er viktige grunner til å eie Frontline", skriver SEB.
lars.kjollesdal@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
27.02.2020 kl 09:01
12018
TANK: 12 VLCC-SLUTNINGER ONSDAG, AG-SINGAPORE +1,8%
Oslo (TDN Direkt): Det ble rapportert om 12 VLCC-slutninger onsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 46 worldscalepoeng onsdag, tilsvarende en oppgang på omtrent 1,8 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet fire reiser fra AG, der en går til India, en går til Kina, en går til Sør-Korea og en går til Singapore.
Videre ble det sluttet en reise fra Nederland til Østen, og en reise fra Vest-Afrika til Østen.
Ellers ble det sluttet seks reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 -800
270 AG/Korea 43 12.400
260 V-Afr/Kina 48 18.100
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 310 483
Singapore - 317 483
Rotterdam - 293 445
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 46
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
28.02.2020 kl 22:46
11744
Friday, February 28, 2020
The meltdown continues. Brent fell below $50 per barrel during intraday trading on Friday, and financial markets continued to post sharp losses. Oil is set to close out the week with the worst loss in four years. For stocks, the losses are the worst weekly performance since the global financial crisis in 2008. Whether this is an overreaction to the coronavirus or not is yet to be seen.
Stock market meltdown. The Dow Jones fell by a record number of points on Thursday, down nearly 1,200. That puts stocks in correction territory, with the index off about 15 percent in a week. “Obviously it’s a bloodbath,” David Bahnsen, chief investment officer of The Bahnsen Group, a wealth management firm, told the Wall Street Journal. “When you get into a free-fall mode, there’s really little that can be done but wait for some sort of footing to be found.” At one point, the Dow lost 500 points in 45 minutes on Thursday.
Brent at 14-mont low. Brent fell to $52 per barrel on Thursday, dropping to its lowest level since December 2018. By Friday, Brent had dipped below $50.
Saudi Arabia seeks larger cut. Saudi Arabia is pushing OPEC to increase its production cut to 1 million barrels per day (mb/d). Just a few weeks ago, OPEC’s Joint Technical Committee recommended additional cuts of just 600,000 bpd. Riyadh’s proposal would entail Saudi Arabia taking on the bulk of the new cuts. To date, Russia has been reluctant to sign on, but the sharp drop in prices increases pressure on the group.
Energy stocks plunge. Along with the rest of the stock market, energy shares fell sharply on Thursday, with the worst of the carnage reserved for drillers that also reported disappointing earnings. Whiting Petroleum (NYSE: WLL) fell by 25 percent on concerns over upcoming debt maturities. Continental Resources (NYSE: CLR) fell by 16 percent on a downbeat outlook. Others fared only slightly better. The selloff continued for the entire sector on Friday.
BP withdraws from oil trade groups. BP (NYSE: BP) announced that it would withdraw from several lobby groups – the American Fuel and Petrochemical Manufacturers, the Western Energy Alliance and the Western States Petroleum Association. The announcement comes shortly after the oil major announced a series of climate initiatives in an attempt to begin transitioning the company to a lower carbon portfolio.
Apache quits Alpine High. Apache (NYSE: APA) is pulling the plug on a highly-publicized oil discovery in the Permian basin. In 2016, the company announced a 2-billion-barrel discovery, the largest in a decade. At the time, Apache said Alpine High could be worth $8 billion, by conservative estimates. Three and a half years later, the company took a $3 billion writedown on the project and said it has “no current plans for future drilling at Alpine High.”
China’s emissions fall sharply. Amidst an economic lockdown, China’s CO2 emissions have temporarily fallen by roughly a quarter.
BofA: Oil demand and supply to slow through 2025. A report from Bank of America Merrill Lynch sees oil demand slowing in the years ahead as EVs take hold. But it also sees supply growth slowing as U.S. shale slams on the brakes. The bank sees oil bouncing around between $50 and $70 through 2025.
Natural gas prices sink, little prospect of near-term recovery. A combination of oversupply, warm weather and, of course, the coronavirus have depressed gas markets. Inventories are on the rise and may take until next winter for there to be progress in working them off.
Tellurian hit by LNG negotiations. Tellurian (NASDAQ: TELL) saw its share price fall 35 percent during early trading on Friday, which comes after the company extended the amount of time India’s Petronet LNG Ltd had to finalized an agreement to buy gas from Tellurian’s Driftwood LNG plans in Louisiana, according to Reuters. Analysts raised the prospect of a lengthy delay in the final investment decision for the project. Tellurian is low on cash with maturing debt in May.
Trump admin could end Chevron waiver in Venezuela. The Trump administration has repeatedly extended a waiver for Chevron (NYSE: CVX) to operate in Venezuela despite U.S. sanctions, but that could soon come to an end. Bloomberg reports that the administration could let the waiver expire in April as a way of increasing pressure on the government of Venezuela.
Judge voids 1 million acres of oil and gas leases. A federal judge voided 1 million acres of oil and gas leases in western states in the U.S., calling the Trump administration’s fast-tracked leasing “arbitrary and capricious.”
Eni unveils clean energy plan. Eni (NYSE: E) announced a plan to cut greenhouse gas emissions by 80 percent, and it also said that its oil and gas production would peak by 2025 before entering decline.
Pemex loss nearly doubles. Mexico’s state-owned Pemex posted a loss in 2019 nearly twice as large as the year before. The company’s debt stood at $105 billion at the end of last year. Meanwhile, oil production fell to 1.693 mb/d, down from 1.723 mb/d in 2018. A credit downgrade is widely expected.
Thanks for reading and we’ll see you next week.
Best Regards,
Tom Kool
Editor, Oilprice.com
P.S. – Oilprice.com's new and improved app is now officially available for FREE. If you don't like it... you can delete it. But I bet you won't. Download it today and get started right away!
back to top
The meltdown continues. Brent fell below $50 per barrel during intraday trading on Friday, and financial markets continued to post sharp losses. Oil is set to close out the week with the worst loss in four years. For stocks, the losses are the worst weekly performance since the global financial crisis in 2008. Whether this is an overreaction to the coronavirus or not is yet to be seen.
Stock market meltdown. The Dow Jones fell by a record number of points on Thursday, down nearly 1,200. That puts stocks in correction territory, with the index off about 15 percent in a week. “Obviously it’s a bloodbath,” David Bahnsen, chief investment officer of The Bahnsen Group, a wealth management firm, told the Wall Street Journal. “When you get into a free-fall mode, there’s really little that can be done but wait for some sort of footing to be found.” At one point, the Dow lost 500 points in 45 minutes on Thursday.
Brent at 14-mont low. Brent fell to $52 per barrel on Thursday, dropping to its lowest level since December 2018. By Friday, Brent had dipped below $50.
Saudi Arabia seeks larger cut. Saudi Arabia is pushing OPEC to increase its production cut to 1 million barrels per day (mb/d). Just a few weeks ago, OPEC’s Joint Technical Committee recommended additional cuts of just 600,000 bpd. Riyadh’s proposal would entail Saudi Arabia taking on the bulk of the new cuts. To date, Russia has been reluctant to sign on, but the sharp drop in prices increases pressure on the group.
Energy stocks plunge. Along with the rest of the stock market, energy shares fell sharply on Thursday, with the worst of the carnage reserved for drillers that also reported disappointing earnings. Whiting Petroleum (NYSE: WLL) fell by 25 percent on concerns over upcoming debt maturities. Continental Resources (NYSE: CLR) fell by 16 percent on a downbeat outlook. Others fared only slightly better. The selloff continued for the entire sector on Friday.
BP withdraws from oil trade groups. BP (NYSE: BP) announced that it would withdraw from several lobby groups – the American Fuel and Petrochemical Manufacturers, the Western Energy Alliance and the Western States Petroleum Association. The announcement comes shortly after the oil major announced a series of climate initiatives in an attempt to begin transitioning the company to a lower carbon portfolio.
Apache quits Alpine High. Apache (NYSE: APA) is pulling the plug on a highly-publicized oil discovery in the Permian basin. In 2016, the company announced a 2-billion-barrel discovery, the largest in a decade. At the time, Apache said Alpine High could be worth $8 billion, by conservative estimates. Three and a half years later, the company took a $3 billion writedown on the project and said it has “no current plans for future drilling at Alpine High.”
China’s emissions fall sharply. Amidst an economic lockdown, China’s CO2 emissions have temporarily fallen by roughly a quarter.
BofA: Oil demand and supply to slow through 2025. A report from Bank of America Merrill Lynch sees oil demand slowing in the years ahead as EVs take hold. But it also sees supply growth slowing as U.S. shale slams on the brakes. The bank sees oil bouncing around between $50 and $70 through 2025.
Natural gas prices sink, little prospect of near-term recovery. A combination of oversupply, warm weather and, of course, the coronavirus have depressed gas markets. Inventories are on the rise and may take until next winter for there to be progress in working them off.
Tellurian hit by LNG negotiations. Tellurian (NASDAQ: TELL) saw its share price fall 35 percent during early trading on Friday, which comes after the company extended the amount of time India’s Petronet LNG Ltd had to finalized an agreement to buy gas from Tellurian’s Driftwood LNG plans in Louisiana, according to Reuters. Analysts raised the prospect of a lengthy delay in the final investment decision for the project. Tellurian is low on cash with maturing debt in May.
Trump admin could end Chevron waiver in Venezuela. The Trump administration has repeatedly extended a waiver for Chevron (NYSE: CVX) to operate in Venezuela despite U.S. sanctions, but that could soon come to an end. Bloomberg reports that the administration could let the waiver expire in April as a way of increasing pressure on the government of Venezuela.
Judge voids 1 million acres of oil and gas leases. A federal judge voided 1 million acres of oil and gas leases in western states in the U.S., calling the Trump administration’s fast-tracked leasing “arbitrary and capricious.”
Eni unveils clean energy plan. Eni (NYSE: E) announced a plan to cut greenhouse gas emissions by 80 percent, and it also said that its oil and gas production would peak by 2025 before entering decline.
Pemex loss nearly doubles. Mexico’s state-owned Pemex posted a loss in 2019 nearly twice as large as the year before. The company’s debt stood at $105 billion at the end of last year. Meanwhile, oil production fell to 1.693 mb/d, down from 1.723 mb/d in 2018. A credit downgrade is widely expected.
Thanks for reading and we’ll see you next week.
Best Regards,
Tom Kool
Editor, Oilprice.com
P.S. – Oilprice.com's new and improved app is now officially available for FREE. If you don't like it... you can delete it. But I bet you won't. Download it today and get started right away!
back to top
Skrika1
02.03.2020 kl 14:06
11385
Solgte meg ut på 72,80 og så dundrer kursen bare opp etterpå. Til nå har jeg gått glipp av en over en hel krone. Det er iriterende.
I går spiste jeg en brødskive med leverpostei
Du vil nok angre bittert når den går over 100 om ikke lenge. Det fundamentale ser veldig bra ut for 2020-2021. Tipper vi snart er på snitt kurset til husa på 127 kr og med bra utbytter fremover.
Volf
03.03.2020 kl 08:44
10866
TANK: 13 VLCC-SLUTNINGER MANDAG, PRISDIFF. HSFO-LSFO GÅTT INN
Oslo (TDN Direkt): Det ble rapportert om 13 VLCC-slutninger mandag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 50 worldscalepoeng mandag, tilsvarende en nedgang på omtrent 0,3 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet to reiser fra AG, der en går til Taiwan og en går til India.
Videre ble det sluttet to reiser til Kina, der en går fra Vest-Afrika og en går fra Brasil. Det ble også sluttet en reise fra Nederland til India, og en reise fra USA-gulfen til Østen.
Ellers ble det sluttet syv reiser der detaljene ikke er kjent for markedet.
Clarksons Platou Securities påpeker at prisdifferansene mellom HSFO og LSFO fortsetter å bli mindre. VLSFO prises til 435 dollar pr tonn mens HSFO prises til 300 dollar pr tonn, tilsvarende en differanse på 135 dollar pr tonn.
Meglerhuset viser til at forward-kurvene antyder at prisdifferansene mellom HSFO og LSFO bør utvide seg til 155 dollar pr tonn innen utgangen av året, og utvide seg ytterligere til 160 dollar pr tonn i 2021.
Med dagens prisdifferanser oppnår VLCCer utstyrt med scrubbere en fordel på 7.000 dollar pr dag mens capesize med scrubber oppnår 4.000 dollar pr dag, ifølge Clarksons Platou.
"Dette tilsvarer 2,5 millioner dollar for VLCCer og 1,5 millioner for capesizer på en annualisert basis - tilsvarende en tilbakebetalingsperiode på mellom 1,5 og 2 år, som forblir ganske attraktivt i vårt syn", heter det i en rapport fra meglerhuset mandag.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 2.300
270 AG/Korea 48 18.600
260 V-Afr/Kina 50 20.500
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 300 435
Singapore - 294 428
Rotterdam - 280 383
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 63
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
04.03.2020 kl 08:43
10527
ANK: 15 VLCC-SLUTNINGER TIRSDAG, AG-SINGAPORE +0,80%
Oslo (TDN Direkt): Det ble rapportert om 15 VLCC-slutninger tirsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 51 worldscalepoeng tirsdag, tilsvarende en oppgang på omtrent 0,8 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet tre reiser til Østen, der en går fra Vest-Afrika, en går fra Storbritannia og en går fra USA-gulfen. Det ble også sluttet en reise fra Brasil til det fjerne Østen-India.
Videre ble det sluttet to reiser fra AG, der en går til India og en går til Taiwan, mens det ble sluttet en reise fra Vest-Afrika til Sør-Afrika.
Ellers ble det sluttet åtte reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 31 2.300
270 AG/Korea 49 20.400
260 V-Afr/Kina 49 19.300
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 316 441
Singapore - 303 441
Rotterdam - 284 394
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 69
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Oslo (TDN Direkt): Det ble rapportert om 15 VLCC-slutninger tirsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 51 worldscalepoeng tirsdag, tilsvarende en oppgang på omtrent 0,8 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet tre reiser til Østen, der en går fra Vest-Afrika, en går fra Storbritannia og en går fra USA-gulfen. Det ble også sluttet en reise fra Brasil til det fjerne Østen-India.
Videre ble det sluttet to reiser fra AG, der en går til India og en går til Taiwan, mens det ble sluttet en reise fra Vest-Afrika til Sør-Afrika.
Ellers ble det sluttet åtte reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 31 2.300
270 AG/Korea 49 20.400
260 V-Afr/Kina 49 19.300
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 316 441
Singapore - 303 441
Rotterdam - 284 394
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 69
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
04.03.2020 kl 13:55
10295
Oslo (TDN Direkt): Pareto Securities nedjusterer kursmålene på en rekke tankaksjer på Oslo Børs samtidig som kjøpsanbefalingene opprettholdes. Hafnia trekkes frem som et toppvalg.
Det fremgår av meglerhusets seneste tank-sektoroppdatering, fremlagt onsdag.
Pareto Securities-analytikerne peker på at koronaviruset kan resultere i en kontraksjon i oljeetterspørselen i år, men legger til at de også ser positive effekter på lang sikt, der det vises til en lav nybyggordrebok og aldrende flåte.
"Vi justerer 2020-estimatene betydelig, og mens vi forventer at trenden gjennom andre kvartal kommer til å være negativ, argumenterer vi for at dette er mer enn priset inn i aksjene", heter det i oppdateringen.
Pareto Securities nedjusterer spotrate-estimatene for 2020 med 5 til 30 prosent, der spotrateestimatene for VLCCene nedjusteres mest. Videre nedjusteres estimatet for scrubber-besparelser fra andre kvartal 2020, siden prisdifferansene mellom HSFO og LSFO har snevret seg inn.
Oversikt over Pareto Securities' anbefalinger og kursmål av aksjer på Oslo Børs:
Aksje Anbefaling Kursmål Tidl. kursmål
Frontline Kjøp 101 121
Hunter Group Kjøp 4,8 6,9
Okeanis Eco Tankers Kjøp 111 147
Hafnia Kjøp 32,3 36,0
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Det fremgår av meglerhusets seneste tank-sektoroppdatering, fremlagt onsdag.
Pareto Securities-analytikerne peker på at koronaviruset kan resultere i en kontraksjon i oljeetterspørselen i år, men legger til at de også ser positive effekter på lang sikt, der det vises til en lav nybyggordrebok og aldrende flåte.
"Vi justerer 2020-estimatene betydelig, og mens vi forventer at trenden gjennom andre kvartal kommer til å være negativ, argumenterer vi for at dette er mer enn priset inn i aksjene", heter det i oppdateringen.
Pareto Securities nedjusterer spotrate-estimatene for 2020 med 5 til 30 prosent, der spotrateestimatene for VLCCene nedjusteres mest. Videre nedjusteres estimatet for scrubber-besparelser fra andre kvartal 2020, siden prisdifferansene mellom HSFO og LSFO har snevret seg inn.
Oversikt over Pareto Securities' anbefalinger og kursmål av aksjer på Oslo Børs:
Aksje Anbefaling Kursmål Tidl. kursmål
Frontline Kjøp 101 121
Hunter Group Kjøp 4,8 6,9
Okeanis Eco Tankers Kjøp 111 147
Hafnia Kjøp 32,3 36,0
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
05.03.2020 kl 08:59
10012
TANK: 12 VLCC-SLUTNINGER ONSDAG, AG-SINGAPORE -0,1%
Oslo (TDN Direkt): Det ble rapportert om 12 VLCC-slutninger onsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 51 worldscalepoeng onsdag, tilsvarende en nedgang på omtrent 0,1 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet fire reiser til Kina, der en går fra Danmark, en går fra Vest-Afrika, en går fra AG og en går fra USAs Vestkyst.
Videre ble det sluttet to reiser til Østen, der en går fra AG og en går fra USA-gulfen. Det ble også sluttet en reise fra AG til Rødehavet.
Ellers ble det sluttet fem reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 31 2.300
270 AG/Korea 47 18.000
260 V-Afr/Kina 49 19.300
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 311 442
Singapore - 297 442
Rotterdam - 288 406
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 74
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
unikum
05.03.2020 kl 10:11
9865
Hva skjer i fro om dagen. Er det mye shorting?? Skulle tro at det går eks utbytte hver dag.
unikum
05.03.2020 kl 10:12
10096
Hva skjer i fro om dagen. Er det mye shorting?? Skulle tro at det går eks utbytte hver dag.
Endel frykt i markedet pluss short nå . Fro har falt veldig mye nå. Ingen grunn til at denne skal falle så mye, Kina begynner å fungere som normalt igjen ratene tar seg opp osv osv.Her er det rom for og gjøre knall kjøp spør du meg.
fattigstakkar
05.03.2020 kl 13:00
9760
Laveste sluttkurs i år er 66,0. Nesten nede på det nå. Bør være en grei reisk/reward å kjøpe her. Fro faller mer enn de fleste andre tankaksjer også
Utrolig snart halvert seg fra topp,snittet litt videre ned i dag.
Kratos
05.03.2020 kl 15:30
9516
Kjøpte mer jeg og, men nå er jeg tom for krutt. Blir enten boom or bust dette nå :(
Volf
06.03.2020 kl 09:37
9169
TANK: 16 VLCC-SLUTNINGER TORSDAG, AG-SINGAPORE -0,7%
Oslo (TDN Direkt): Det ble rapportert om 16 VLCC-slutninger torsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 50 worldscalepoeng torsdag, tilsvarende en nedgang på omtrent 0,7 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet åtte reiser fra AG, der fire går til Kina, en går til Taiwan, en går til Vietnam, en går til India og en går til Sør-Korea.
Videre ble det sluttet tre reiser fra Brasil, der samtlige går til Østen.
Det ble også sluttet en reise fra Vest-Afrika til India, og en reise fra USA-gulfen til Singapore.
Ellers ble det sluttet tre reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 31 2.300
270 AG/Korea 48 18.600
260 V-Afr/Kina 49 19.300
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 307 442
Singapore - 297 439
Rotterdam - 285 407
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 82
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
06.03.2020 kl 22:22
8962
Friday, March 6th, 2020
Oil prices plunged by more than 8 percent after the OPEC+ meeting broke up with no deal. Saudi Arabia and Russia negotiated behind closed doors in Vienna, but Moscow refused to sign on to deeper production cuts. Now there is uncertainty about whether the OPEC+ alliance will survive. A day earlier, OPEC essentially issued an ultimatum, calling for 1.5 mb/d of production cuts, but suggested that no deal would occur without Russia. At the time of this writing, oil prices were in freefall. WTI was below $43 and Brent near $46.
OPEC+ facing demand “trap.” Moscow has balked at deeper production cuts not only because it has a stronger stomach for lower prices than Riyadh, but also because the oil market is suffering from a demand trap. That is, restraining supply may not rescue prices when global oil demand has fallen so sharply.
What next? At the time of this writing, there is some speculation that not only has OPEC+ failed to agree on additional production cuts, but also that the current OPEC+ agreement – the one from December – is set to expire in March, after which producers can raise output. The entire OPEC/non-OPEC alliance is now on the rocks, although the group pledged to continue to talk going forward.
Exxon maintains aggressive spending. Despite pressure from investors to focus on cash flow and only modest growth, ExxonMobil (NYSE: XOM) laid out its medium-term corporate strategy in an investor presentation this week, one that continues to rely heavily on production growth. Exxon trimmed its spending somewhat, but remains largely unbowed in its view that heavy spending will pay off. The company’s share price fell sharply on the news. Meanwhile, Chevron (NYSE: CVX) promised to earmark more money for shareholders, pledging $80 billion in payouts over five years.
European and American oil majors diverge. European oil majors have adopted climate targets and have made initial investments in renewable energy, promising to gradually make a transition to a lower-carbon portfolio. The American oil majors are largely digging in and rejecting such strategies.
IHS: Oil demand to fall by most in history. Global oil demand could fall by as much as 3.8 mb/d in the first quarter, the largest contraction in history, according to IHS Markit. A growing number of analysts now see negative oil demand for the full year in 2020.
Airlines could lose $113 billion. Airlines could lose as much as $63 to $113 billion this year due to the coronavirus, according to the International Air Transport Association.
CNPC declares force majeure on LNG. CNPC declared force majeure on prompt natural gas imports, the second Chinese buyer to do so.
Gas industry seeks to block gas bans. A growing number of U.S. cities are exploring bans on natural gas hookups in new commercial and residential construction. In response, gas lobbyists are pressing state legislatures to preempt municipal bans. Arizona recently passed a law blocking cities from banning gas hookups.
Gas falling out of favor with investors. Bloomberg notes that investors are souring on natural gas, with local gas distributors now trading for less than electric utilities in relation to projected earnings. “Right now, anyway you look at it, natural gas is not seen as something that is very friendly,” Shahriar Pourreza, an analyst at Guggenheim Securities LLC, told Bloomberg. The poor performance reflects dim long-term prospects.
Cargo at U.S. ports down 20 percent. Cargo volumes at U.S. ports could be down by as much as 20 percent in the first quarter.
Coal use falls fastest in 65 years. U.S. coal consumption fell by 13 percent in 2019, the fastest decline rate since the 1950s. The EIA expects coal co decline at a similar rate this year.
BNSF loses bid to ship shale oil across tribal land. BNSF Railway shipments of oil across tribal land in Washington state violated a right-of-way and easement agreement, according to a ruling from a federal court.
ConocoPhillips exits DJ Basin. ConocoPhillips (NYSE: COP) agreed to sell its Niobrara assets for an estimated $380 million, exiting the basin.
Warren Buffet bails on Canadian LNG. Warren Buffet’s Berkshire Hathaway decided against investing $4 billion in an LNG and pipeline project in Quebec.
Thanks for reading and we’ll see you next week.
Best Regards,
Tom Kool
Editor, Oilprice.com
P.S. – Oilprice.com's new and improved app is now officially available for FREE. If you don't like it... you can delete it. But I bet you won't. Download it today and get started right away!
back to top
Oil prices plunged by more than 8 percent after the OPEC+ meeting broke up with no deal. Saudi Arabia and Russia negotiated behind closed doors in Vienna, but Moscow refused to sign on to deeper production cuts. Now there is uncertainty about whether the OPEC+ alliance will survive. A day earlier, OPEC essentially issued an ultimatum, calling for 1.5 mb/d of production cuts, but suggested that no deal would occur without Russia. At the time of this writing, oil prices were in freefall. WTI was below $43 and Brent near $46.
OPEC+ facing demand “trap.” Moscow has balked at deeper production cuts not only because it has a stronger stomach for lower prices than Riyadh, but also because the oil market is suffering from a demand trap. That is, restraining supply may not rescue prices when global oil demand has fallen so sharply.
What next? At the time of this writing, there is some speculation that not only has OPEC+ failed to agree on additional production cuts, but also that the current OPEC+ agreement – the one from December – is set to expire in March, after which producers can raise output. The entire OPEC/non-OPEC alliance is now on the rocks, although the group pledged to continue to talk going forward.
Exxon maintains aggressive spending. Despite pressure from investors to focus on cash flow and only modest growth, ExxonMobil (NYSE: XOM) laid out its medium-term corporate strategy in an investor presentation this week, one that continues to rely heavily on production growth. Exxon trimmed its spending somewhat, but remains largely unbowed in its view that heavy spending will pay off. The company’s share price fell sharply on the news. Meanwhile, Chevron (NYSE: CVX) promised to earmark more money for shareholders, pledging $80 billion in payouts over five years.
European and American oil majors diverge. European oil majors have adopted climate targets and have made initial investments in renewable energy, promising to gradually make a transition to a lower-carbon portfolio. The American oil majors are largely digging in and rejecting such strategies.
IHS: Oil demand to fall by most in history. Global oil demand could fall by as much as 3.8 mb/d in the first quarter, the largest contraction in history, according to IHS Markit. A growing number of analysts now see negative oil demand for the full year in 2020.
Airlines could lose $113 billion. Airlines could lose as much as $63 to $113 billion this year due to the coronavirus, according to the International Air Transport Association.
CNPC declares force majeure on LNG. CNPC declared force majeure on prompt natural gas imports, the second Chinese buyer to do so.
Gas industry seeks to block gas bans. A growing number of U.S. cities are exploring bans on natural gas hookups in new commercial and residential construction. In response, gas lobbyists are pressing state legislatures to preempt municipal bans. Arizona recently passed a law blocking cities from banning gas hookups.
Gas falling out of favor with investors. Bloomberg notes that investors are souring on natural gas, with local gas distributors now trading for less than electric utilities in relation to projected earnings. “Right now, anyway you look at it, natural gas is not seen as something that is very friendly,” Shahriar Pourreza, an analyst at Guggenheim Securities LLC, told Bloomberg. The poor performance reflects dim long-term prospects.
Cargo at U.S. ports down 20 percent. Cargo volumes at U.S. ports could be down by as much as 20 percent in the first quarter.
Coal use falls fastest in 65 years. U.S. coal consumption fell by 13 percent in 2019, the fastest decline rate since the 1950s. The EIA expects coal co decline at a similar rate this year.
BNSF loses bid to ship shale oil across tribal land. BNSF Railway shipments of oil across tribal land in Washington state violated a right-of-way and easement agreement, according to a ruling from a federal court.
ConocoPhillips exits DJ Basin. ConocoPhillips (NYSE: COP) agreed to sell its Niobrara assets for an estimated $380 million, exiting the basin.
Warren Buffet bails on Canadian LNG. Warren Buffet’s Berkshire Hathaway decided against investing $4 billion in an LNG and pipeline project in Quebec.
Thanks for reading and we’ll see you next week.
Best Regards,
Tom Kool
Editor, Oilprice.com
P.S. – Oilprice.com's new and improved app is now officially available for FREE. If you don't like it... you can delete it. But I bet you won't. Download it today and get started right away!
back to top
Volf
09.03.2020 kl 08:52
8487
TANK: 11 VLCC-SLUTNINGER FREDAG, AG-SINGAPORE -1,3%
Oslo (TDN Direkt): Det ble rapportert om 11 VLCC-slutninger fredag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 50 worldscalepoeng fredag, tilsvarende en nedgang på omtrent 1,3 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet ni reiser fra AG, der åtte går til Kina og en går til Taiwan.
Ellers ble det sluttet to reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 1.000
270 AG/Korea 45 15.500
260 V-Afr/Kina 49 19.300
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 301 436
Singapore - 300 445
Rotterdam - 282 400
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 93
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
09.03.2020 kl 08:53
8490
TANK: 11 VLCC-SLUTNINGER FREDAG, AG-SINGAPORE -1,3%
Oslo (TDN Direkt): Det ble rapportert om 11 VLCC-slutninger fredag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 50 worldscalepoeng fredag, tilsvarende en nedgang på omtrent 1,3 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet ni reiser fra AG, der åtte går til Kina og en går til Taiwan.
Ellers ble det sluttet to reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 30 1.000
270 AG/Korea 45 15.500
260 V-Afr/Kina 49 19.300
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 301 436
Singapore - 300 445
Rotterdam - 282 400
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 93
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
09.03.2020 kl 10:00
8363
FRO Meldepliktig handel
Inger M. Klemp, CFO of Frontline Management AS, has settled a TRS agreement
(Total Return Swap) underlying 120,000 shares in Frontline Ltd. ("Frontline")
expiring March 6th 2020. Ms Klemp has subsequently entered into a new TRS
agreement with exposure to the same number of underlying shares in Frontline
with expiry date December 4th 2020 and TRS price NOK 64.60524 per underlying
share. In addition, Ms Klemp owns 180,000 shares in Frontline, and holds options
to acquire 120,000 shares in Frontline, as previously disclosed. This
information is subject to the disclosure requirements pursuant to section 4 -2
of the Norwegian Securities Trading Act.
Se nyhetdetaljer og vedlegg (www.newsweb.no)
Inger M. Klemp, CFO of Frontline Management AS, has settled a TRS agreement
(Total Return Swap) underlying 120,000 shares in Frontline Ltd. ("Frontline")
expiring March 6th 2020. Ms Klemp has subsequently entered into a new TRS
agreement with exposure to the same number of underlying shares in Frontline
with expiry date December 4th 2020 and TRS price NOK 64.60524 per underlying
share. In addition, Ms Klemp owns 180,000 shares in Frontline, and holds options
to acquire 120,000 shares in Frontline, as previously disclosed. This
information is subject to the disclosure requirements pursuant to section 4 -2
of the Norwegian Securities Trading Act.
Se nyhetdetaljer og vedlegg (www.newsweb.no)
Volf
11.03.2020 kl 08:45
8070
TANK: 29 VLCC-SLUTNINGER TIRSDAG, KRAFTIG RATEØKNING
Oslo (TDN Direkt Det ble rapportert om 29 VLCC-slutninger tirsdag og kraftige rateøkninger.
Det fremgår av en slutningsliste fra Fearnleys.
Bahri, det nasjonale rederiet i Saudi-Arabia, har foreløpig leid inn minst åtte VLCCer for mars og april måned for lasting fra Saudi-Arabias hovedhavner, melder Bloomberg tirsdag, og viser til kilder kjent med saken.
Skipene inkluderer blant annet VLCCene "Dalian", "Agios Sostis l" og "Hong Kong Spirit", ifølge kildene. Nevnte fartøy er ifølge slutningslisten fra Fearnleys tirsdag "on subs" fra den saudiarabiske havnebyen Ras Tanura til USA-gulfen.
Det ble sluttet 17 reiser fra AG tirsdag, der seks går til Sør-Korea, fire går til USA-gulfen, to går til Kina, to går til Rødehavet, to går til Østen og en går til India.
Videre ble det sluttet fire reiser fra Vest-Afrika, der to går til Kina, en går til USAs Vestkyst og en går til Østen.
Ellers ble det sluttet åtte reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 60 49.000
270 AG/Korea 95 78.900
260 V-Afr/Kina 90 72.000
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 256 354
Singapore - 225 338
Rotterdam - 218 301
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 109
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Volf
12.03.2020 kl 08:27
7842
ANK: 22 VLCC-SLUTNINGER ONSDAG, RATE AG-SINGAPORE +103,5%
Oslo (TDN Direkt Det ble rapportert om 22 VLCC-slutninger onsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 160 worldscalepoeng onsdag, tilsvarende en oppgang på omtrent 103,5 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet 17 reiser fra AG, der seks går til Kina, seks går til Rødehavet, to går til Sør-Korea, en går til Malaysia, en går til Thailand og en går til en ukjent destinasjon.
Videre ble det sluttet to reiser fra Mexico, der en går til Sør-Korea og en går til India.
Ellers ble det sluttet tre reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 95 49.000
270 AG/Korea 170 171.500
260 V-Afr/Kina 150 145.700
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 260 346
Singapore - 228 347
Rotterdam - 213 311
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 140
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Oslo (TDN Direkt Det ble rapportert om 22 VLCC-slutninger onsdag.
Det fremgår av en slutningsliste fra Fearnleys.
Fraktraten fra Midtøsten til Singapore lå på om lag 160 worldscalepoeng onsdag, tilsvarende en oppgang på omtrent 103,5 prosent fra foregående handelsdag, ifølge data fra Infront.
Det ble sluttet 17 reiser fra AG, der seks går til Kina, seks går til Rødehavet, to går til Sør-Korea, en går til Malaysia, en går til Thailand og en går til en ukjent destinasjon.
Videre ble det sluttet to reiser fra Mexico, der en går til Sør-Korea og en går til India.
Ellers ble det sluttet tre reiser der detaljene ikke er kjent for markedet.
==============================================================
Størrelse Strekning WS-rate TCE($)
280 AG/USG 95 49.000
270 AG/Korea 170 171.500
260 V-Afr/Kina 150 145.700
==============================================================
Bunkerspris ($/MT 380 CST) VLSFO
==============================================================
Fujairah - 260 346
Singapore - 228 347
Rotterdam - 213 311
==============================================================
Slutningstelling AG:
==============================================================
Mar'19 - 140
Feb'19 - 134
Jan'19 - 144
==============================================================
LK finans@tdn.no
Infront TDN Direkt, +47 21 95 60 70
Syk oppgang tjener vanvittig med kroner nå.
Bullen
12.03.2020 kl 09:30
7509
Det virker som om investorene rømmer hele aksjemarkedet uten å vurdere selskapene?