Supportive oil news Around the worldAround the world
1 3or 4 refinery explosions
2. China orders massive oil to refine to sell to Europe through export.
3 no money put into African oil industry and infrastructure production Way down.. may not recover.
4. Europe about to burn Oil Up to 1 million barrels a day in in fuel switch.
5. A successful expiration well at gazania at seven dollars per barrel for reserves could be worse 350 million to 1.2 billion depending on whether it's 50 , 100 or 200 million net to African oil.
6 The oil industry is in the process of totally stabslicing. going from boom and bust to steady as she goes. All companies . Are growing one to 3% , paying Solid divedends , Plus share buy backs. The whole industry is now doing what makes business sense and with the volatility dissipating in the near term investment fund and the big shots Are finally investing in the oil industry again and will drive it two times cash flow to six or eight. Reevaluating the industry where it should be. they will have the best consistent Dividends in this terrible stock market . Oil will go up and so will the stocks.
5 ,1 million barrels per day from OPEC Is no longer being sold.
6 1-1.5 million barrels a day in just over a month will be sanctioned . Will not be able to get Insurance for the ship or cargo.
7. Talking about a boost for Prices Russian say any Price cap on their oil Will end up in the country being completely cut off from oil.
8 many more catalysts Will result in the price of oil going up 80 to 88% of the time in a positive stable environment .This should teach politicians A lesson in not tearing down refineries stoping pipelines and trying to destroy the oil industry Before the Energy industry Has switched or is ready to. heaven heaven help us If the government wants to Own and run Everything. Will get run into the ground resulting in bankruptcy through Miss management and the borrowing and the spending of three times to much money at any ten times the cost.