Re: OPEC Beschluss verpufft. - Ã-lpreis explodiert?

verfasst von KEEP-COOL, 12.09.2000, 09:23

>Hi Boardmenber


nachfogende aktuelle news zu Ã-lfront.

>
09/12 00:20 Crude Oil Rises as OPEC Output Increase Seen Short of Demand
By Stephen Wisenthal

Tokyo, Sept. 12 (Bloomberg) -- Crude oil rose to near a 10- year high on speculation OPEC didn't boost output targets enough at a weekend meeting to supply growing demand from world energy consumers.

OPEC's increase of 800,000 barrels a day, or 3.2 percent, won't be enough to meet rising consumption in Asia and replenish low supplies in developed nations, said analysts. Oil has already rallied 37 percent this year.

``With inventories as low as they are going into the Northern Hemisphere winter, any disruption, cold snap (will make) oil prices rise quite dramatically,'' said Paul Ashby, an oil and gas analyst at ABN Amro Australia Ltd. in Sydney.

Crude oil for October delivery rose as much as 14 cents, or 0.4 percent, to $35.25 a barrel in after-hours electronic trading on the New York Mercantile Exchange. During floor trading, it gained 4.5 percent, to $35.14, after touching $35.85, the highest price since November 1990, during the Persian Gulf War.

Consumers will face higher prices and restricted supplies if oil production capacity isn't increased and refineries don't make more petroleum products, said Ali Rodriguez, the president of OPEC and Venezuela's oil minister.

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Comment:

Wie wahr sind die nachfolgenden Sätze - endlich spricht es jemand aus.

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``The world is facing a possible energy crisis, and OPEC alone simply doesn't have the power to control it,'' he said. ``There isn't a big risk in the short term, but we could see $40 oil if there's a cold winter,'' Rodriguez told reporters after the end of the Vienna OPEC meeting.

Futures trading on the Nymex showed traders don't expect OPEC's stated target of $25 a barrel will be reached any time soon. Crude for delivery in April 2001 remains above $30. It fell 36 cents, or 1.2 percent, to $30.70 in after-hours trading.

``We've increased our forecast to a $30 full-year average,'' said Ashby. The average so far this year is $29.43, compared with $19.33 for all of 1999.

Non-OPEC Oil?

Non-OPEC producers, which pump 60 percent of the world's oil, will raise daily output by 670,000 barrels during 2001, after adding 1.3 million barrels this year, the International Energy Agency forecast last month.

The increases next year will be led by the former Soviet Union, Mexico, Canada and Brazil, the Paris-based forecaster for 25 oil-consuming countries said.

Still, with almost all oil producers except Saudi Arabia producing at full capacity, there is limited scope for production to rise further.

Oil companies, still recovering from the shock of $10 oil prices less than two years ago, haven't increased their exploration budgets much yet, said Ashby.

``No-one is spending much money in a global sense on exploration,'' he said. This reduces the chance of discoveries big enough to lift oil production any time soon.

Soaking Up Oil

World oil consumption will rise 1.1 million barrels a day this year, and 1.9 million barrels in 2001, the IEA said.

Asian countries, which consume about 27 percent of the world's oil, are expected to account for more than half of the increase in oil demand over the two years, the agency said. The region's oil demand is predicted to rise 3.6 percent this year, and 4.1 percent next year.

Australian oil company shares rose on expectations crude prices will remain close to 10-year highs. Broken Hill Proprietary Co., the country's largest oil company, rose 3 percent to A$20.70 a share. Woodside Petroleum Ltd., the second-biggest, rose 1.4 percent to A$14.09, while No.3, Santos Ltd., gained 3.7 percent to A$6.24.

In the U.S., the world's biggest oil consumer, heating oil inventories are down 38 percent from a year ago, according to the American Petroleum Institute. That's stoked concern that refiners won't be able to make enough of the fuel before Nov. 1, a date traders view as the start of the heating season in the U.S.

U.S. refineries are running at about 96 percent of capacity, said the API, and they still haven't been able to make much of a dent in the deficit.

Heating oil for October delivery in the U.S. rose 0.52 cents, or 0.5 percent, to $1.055 a gallon in after-hours trading on the Nymex, after gaining 5.5 percent during regular trading. Heating oil futures, which represent wholesale prices, have been at or close to 10-year highs since late August.

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Comment:
na und endlich haben es auch andere kapiert worum es eigentlich geht.
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weiter im Text
``Really it is a refining problem,'' said Kyle Cooper, an energy analyst at Salomon Smith Barney in Houston. In the early 1980s, the U.S. had a refining capacity of 19 million barrels a day and now it's 16.6 million, he said.



Na dann schnallt Euch mal für die nächsten Monate fest an.


Gruss

K C




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gesamter Thread:

• Der Ã-lpreis -"im Auge des Hurrikans"? - KEEP-COOL, 10.09.2000, 18:04
  • OPEC Beschluss verpufft. - Ã-lpreis explodiert? - KEEP-COOL, 11.09.2000, 18:42
    • Re: OPEC Beschluss verpufft. - Ã-lpreis explodiert? - KEEP-COOL, 12.09.2000, 09:23