Newsgroup: it.economia.borsa.estero
Titolo: Oil & Gas Operations

Prese HEC consigliate da WonderKi$$
e PKN consigliate da Thom Calandra (P/E 4.0 !!!!!!)
ciao
LJ


 Grazie WonderKi$$ comprate le tue a 0.34

penso si venuta l'ora di tener d'occhio le societą energetiche in
specialmodo quello che si occupano di gas naturale la cui domanda č prevista
in forte aumento in specialmodo negli states (fonte Tobin Smith)

NYMEX oil hits new four-month high on fund buying
08/08/2003   17:11
    NEW YORK, Aug 8 (Reuters) - NYMEX crude oil futures scaled a four-month
peak midmorning Friday on fund buying, then trimmed some gains as the
market tested resistance amid concern over low supplies and Iraq's slow
production recovery.
    At 11:05 EDT, NYMEX September crude  traded at $32.68 a barrel,
up 29 cents, after earlier posting a session high of $32.85, up 46 cents.
    That surpassed the $32.80 overnight peak on Wednesday and is the
highest since prompt NYMEX crude hit $34.97 on March 18, two days before
the U.S.-led invasion of Iraq.
    "Just some normal market action, with a little fund buying and taking
the path of least resistance, testing that $32.80," said a New York broker.
    In London, IPE September Brent crude  was up 20 cents at $30.45
a barrel, after trading as high as $30.55.
    Traders said market fundamentals remain bullish as government data
showed U.S. gasoline inventories fell more than expected last week, and
Iraq's oil production continues to struggle to return to sanctions-bound,
prewar levels.
    "The continued environment of low commercial stock coverage is keeping
the market sensitive to political unrest and bombings in producing
countries such as Iraq and Indonesia," said Jim Ritterbusch, market analyst
and president of Ritterbusch & Associates in Illinois.
    U.S. government data released Wednesday showed crude, refined product
and natural gas inventories remain below year-ago levels.
    While crude stocks are almost 9 percent under year-ago levels, stocks
of reformulated gasoline (RFG) and heating oil are 22 percent and 37
percent below year-ago levels, respectively.
    A deadly bombing Thursday at the Jordanian embassy in Iraq kept concern
high about security in Iraq especially with looting at oil fields keeping
production down.
    Prices have not fallen steeply despite news that Iraq expects to begin
exporting Kirkuk crude from its northern oilfields via Turkey in the middle
of next week.
    The U.S. administration in Iraq has said the country is producing about
1.2 million barrels per day as compared to prewar production capacity of
about 2.8 million.
    Technical analysts on Friday expected NYMEX crude oil futures to
consolidate following volatile trading conditions this week. They pegged
nearby resistance at $32.80, the overnight high on Wednesday, with support
due to form at around $31.70.
    NYMEX September gasoline futures  reversed course and was up 0.35
cent at 85.80 cents a gallon, trading between 84.95 and 86.05 cents.
    NYMEX September heating oil futures  also rose, trading 0.10 cent
firmer at 96.45 cents a gallon, off its session high of 96.90 cents. In the
early going, it fell as low as 95.50 cents.
 ((Reporting by Gene Ramos; editing by John Picinich; New York Energy desk;
Reuters Messaging: 
gene.ramos....@reuters.net
;
e-mail: 
gene....@reuters.com
; 
+1-646-223-6054
))
-- 
                          NaSdAq PaZzO by Ki$$®
                               TRADING SUITE
 
http://digilander.libero.it/Rufon/
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UPDATE 2-Oil prices hover close to post-Iraq war high
08/08/2003   17:20
    (Updates prices in para 2)
    By Tom Ashby
    LONDON, Aug 8 (Reuters) - World oil prices surged to their
highest levels since the Iraq war on Friday, driven by concerns
about low U.S. inventories and supply shortfalls from Iraq.
    U.S. benchmark crude oil futures jumped 46 cents to $32.85
per barrel, its highest since mid-March when Washington was
gearing up for war on Baghdad. International benchmark Brent
crude gained 32 cents to $30.57, close to its post-war high.
    Analyst Simon-Games Thomas said tight supplies in the United
States heading into the winter season of peak demand and the
slow return of Iraqi exports should keep prices simmering for
the rest of the year.
    "The market continues to show great resilience and this will
continue to be the theme for the balance of the year. The major
risks continue to lie to the upside," said the Sydney-based
independent analyst in a daily briefing.
    Prices fell sharply after the start of the war in March, but
have since recovered as occupation powers failed to meet
expectations in reviving Iraq's oil exports.
    Baghdad was able to pump 2.8 million barrels per day before
the U.S.-led invasion, and has only achieved about half that
rate in the past week.
    The shortfall has helped keep commercial inventories near
record lows in the United States, the world's top consumer, and
OPEC exporters have been reluctant to free up any extra supply
while Iraqi output is rising.
    Critics of U.S. oil policy say the government's decision to
raise stock levels in the enormous state-run Strategic Petroleum
Reserve has diverted supply away from commercial users.
    Latest U.S. government data show commercial stocks of winter
heating fuel were far below normal in the key northeast region.
    OPEC oil ministers agreed only last week to leave supply
quotas unchanged despite prices at the top of their target
range. Since the agreement, OPEC's reference basket of crude oil
has broken the top end of the cartel's $22-$28 per barrel target
range, standing at $29.07 on Thursday, a signal that the group
may raise quotas.
    But OPEC Secretary-General Alvaro Silva said markets were
already well supplied and external factors such as uncertainty
over Iraq were driving the price up.
    "It is not worth putting more volume on the market if we
know the market is well supplied," he told Reuters from OPEC's
Vienna headquarters.
    ((Reporting by Tom Ashby; editing by Duncan Shiels; Reuters
Messaging: 
thomas.ashby...@reuters.net
; London
newsroom; 
+44 20 7542 8185
))
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per il momento rido,( sono dentro a kcs e bgo da 3 giorni  e fra poco
entrero in drooy)
ma è da piangere ;-)

 ha scritto nel messaggio
news:3f33...@x-privat.org...
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 SI    KISSS MA QUESTA SOCIETA' E' MESSA MALE.
abbi fede....
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