City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

[SWP's back]

Re: City & FFP (continued)

As everyone is talking about oil prices, here's a good article on it.

<a class="postlink" href="http://www.washingtonpost.com/business/economy/2014/12/01/904984b2-7971-11e4-9a27-6fdbc612bff8_story.html?tid=sm_fb" onclick="window.open(this.href);return false;">http://www.washingtonpost.com/business/ ... ?tid=sm_fb</a>

 

[gordondaviesmoustache]

Re: City & FFP (continued)

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

 

[S04]

Anyone seen the price of oil recently?

You realise that it´s exactly how Opec wants it... ?

Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.

So misguided.

Unless you are more experienced in the oil market or read more informed publications about it than I do I think we can disregard that comment Eh?

Opec have refused to cut production enough to stop the price drop as they usually do, instead they have created a formidable glut with the intention of driving the price down to the region of $50-60pB which does affects the whole competing fracking industry in a disasterous way.
Russia is affected but just in a non-vital way really as they don´t really need anything from outside their borders.

But feel free to argue your case by all means

 

[cleavers]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

So you don't think that Sheik Mansour is about to give up in panic at the oil prices then ? That's a relief, I've been worrying about it all day.









{Hopefully aeroflot will go bust due to the poor russian economy though.}

 

[adrianr]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

And that's why you pull in the big bucks.

 

[aguero93:20]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

Nah, everyone will get bored and walk.

 

[Atypical]

Re: City & FFP (continued)

S04 Russia is wholly reliant on imports they only export oil.

The oil squeeze is seriously killing their economy.

 

[Blue Haze]

The cost of extraction in UAE/Saudi Arabia/Kuwait is very low. That's why they can weather these oil prices but Russia can't, where the price to extract is higher.

 

[gordondaviesmoustache]

I'm going to make the prediction that oil is going to remain quite important economically for a little while yet.

And that's why you pull in the big bucks.

Thanks mate.


I also see food and the internet featuring quite heavily for next next few years, at least.

 

[S04]

S04 Russia is wholly reliant on imports they only export oil.

The oil squeeze is seriously killing their economy.

I doubt it´s that bad, the russian economy got almost no debt and as such it just strangles trade in general as there´s a shortage of financing opportunities, but of course the russians have started to create new ties to places like India and China to get around the sanctions.