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oil sector

petroleo hermosura

In the World 22nd June 2025

Global oil demand to peak at 105.6 Mbd in 2029 and fall slightly in 2030, supply to rise to 114.7 Mbd, IEA predicts

Bankinter | The International Energy Agency estimates that global oil demand will continue to rise until the end of the decade. This is despite the fact that Chinese demand will peak in 2027, before moderating due to the advance of electric mobility. In the US, lower-than-expected electrification and lower energy costs will help boost oil demand. It estimates that developed countries will reach peak consumption in 2029, at 105.6 Mbd,…

Irak petroleo

In the World 13th February 2024

Iraq, OPEC’s second-largest producer, says it is meeting its 4m bpd production quota to support market

Intermoney| On the oil front, news from Iraq. According to the country’s oil minister, Iraq, OPEC’s second largest producer, is meeting its production quota under the OPEC+ agreement that limits production to prop up the market. Iraq has capped production at 4 million bpd while exports are around 3.4 million bpd. Iraq is OPEC+’s second largest producer, but has a history of irregularity in meeting its quota with the cartel,…

BP

Spanish economy 3rd October 2022

BP Wants To Sell Ownership Of Its 750 Spanish Petrol Stations

The oil company’s idea is to maintain the operation of its service stations and monetise these facilities through a long-term agreement with an investor who would become their lessor, according to several financial sources consulted by La Información. The group chaired in Spain by Andrés Guevara de la Vega has consolidated a network of around 750 petrol stations throughout the country. Since its arrival in Spain in 1954, the company…

oil spain1

In the World, World economy 3rd December 2020

Will Oil Companies Become Utilities?

Alphavalue | Against growing environmental constraints, as well as an uncertain perspective on hydrocarbons, oil companies are modifying their strategy. The electrification of the energy mix appears as an opportunity for the mutation to integrated energy companies. The big oil companies want to be a part of the growing market of renewable energies, but they will compete against the powerful utilities.

Repsol

World economy 10th March 2020

The Oil Sector Below The ‘Break Even’: ENI’s DPS Would Be In Danger; Total’s And Repsol’s Would Not

Brent crude oil is trading at $36 a barrel, down 20%, after OPEC and Russia broke off negotiations on Friday to try and cut the supply by 1.5 million barrels a day. At these levels, it completely breaks through the level indicated by the sector as break even, namely 45-55 dollars. Banco Sabadell analyses the sensitivity of the stocks they cover to variations in crude prices: Repsol, Total and ENI.

repsolatardecer

Ibex 12th April 2019

Repsol production falls -2.5% in 1Q19

Renta 4 | Spanish oil company Repsol published its operational data for Q119. In the first quarter of the year, the price of Brent Crude (63.1$/b) fell -5% yoy and -8% compared to Q418 because of the strong reduction in crude prices since their highs at the beginning of October (-42% until the end of December, although with a subsequent recovery of +28% from the beginning of 2019 until the end of March).

oilprices

World economy 29th May 2018

Oil Sector: What Goes Up, Must Come Down

For any investor who believes that $70/barrel is more or less the right price, then the European oil firms are currently fairly priced. Alphavalue recently upped their earnings forecasts to include $70/barrel as a new normality. This leaves the sector with an upside potential of +6% on a 6-month horizon.

Spain ranks fourth in dividend yield in Europe

Markets 22nd March 2018

Dividends Are High And Increasing; Biggest Yields Found In The Insurance And Oil Sectors

One of the most objective measures for judging whether the stock market is expensive or cheap is the dividend yield. At the moment, the main global stock markets offer real returns which are superior to those of long-term sovereign bonds. For example, 34 of the 40 biggest French firms, those which make up the CAC40, have increased dividends over the last year.