• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 2 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 4 hours America's pandemic dead deserve accountability after Birx disclosure
  • 2 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 2 hours CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 10 mins Fukushima
  • 3 days U.S. and Chinese investors to buy Saudi pipelines , $10 Billion deal.
  • 4 days Trump punches back at Fauci and Birx's revisionist history (aka lies)
  • 3 hours New Chinese Coal Plants Equal All those in U.S.A
  • 1 day Does .001 of Atmosphere Control Earth's Climate?!
  • 3 hours Oh the Dems!!! They cheer for helping people while stabbing them in the back!!! Enbridge asks Canadian government to support oil pipeline in dispute with Michigan
  • 21 hours The coming Cyber Attack
  • 2 days NG spot prices hit triple digits for weekend delivery
  • 3 days Create a new law "Postericide" to prosecute and imprison Climate Change "Deniers"
Editorial Dept

Editorial Dept

More Info

Premium Content

Big Oil Dividends Are Under Threat

1. Silver prices surge

- Even as gold is trading near its highest levels in a decade, silver has gained, even more, closing the gap between the two precious metals.

- At over $20 per troy ounce, silver is trading at a four-year high, rising by 70 percent from its 11-year low in March.

- Gold has only increased 24 percent over that timeframe.

- The gold/silver ratio has fallen below 90 for the first time in five months.

- “As with gold, silver’s upswing has been driven almost exclusively by robust investment demand,” Commerzbank wrote in a note.

2. Gas demand takes Covid hit, but still rises

- Global natural gas demand has been hit hard by the pandemic and the economic downturn, and the scars will be long-lasting.

- Europe, for instance, will not return to pre-pandemic gas demand levels until 2025. But Asia – especially China – will resume strong growth as soon as next year.

- The softness this year has led to canceled LNG cargoes, full storage, and low prices.

- The demand scars could push off FIDs in new projects.

- “The growth in LNG export capacity begins to slow in 2021 and beyond as the US trains coming on ramp up to capacity,” the Oxford Institute for Energy Studies wrote in a report. “There are only a few new projects starting up in the next three years or so.”

3. Oil majors’ dividends at risk

- Royal Dutch Shell…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News