Shell lubes up eco-car market with new products (Bangkok Post) The Thai unit of the energy giant Royal Dutch Shell plc (ADR) (NYSE:RDS.A) targets total lubricant sales growth of 2% this year, thanks to new products aimed at eco-cars. Troy Chapman, executive director for lubricant business of the Shell Company of Thailand, said demand is building in the eco-car segment. The company introduced eco-car synthetic lubricants yesterday, making Thailand the initial market to see the product.
Total Buys Urals Crude at Discount; Nigeria Raises Sept. (Businessweek) Royal Dutch Shell plc (ADR) (NYSE:RDS.A), Gunvor Group and Vitol Group failed to sell North Sea Forties crude for a second day. TOTAL S.A. (ADR) (NYSE:TOT) bought Russian Urals at a discount to Dated Brent, the first trade below the benchmark since June 7. Nigeria raised its September official selling price for all grades, the Nigerian National Petroleum Corp. said in an e-mailed statement. The West African country’s loading programs for October cargoes are expected to be released this week.
Zacks Downgrades Petroleo Brasileiro SA to Underperform (PBR) (The Utah People's Post) Zacks lowered shares of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) from a neutral rating to an underperform rating in a research report released on Monday morning, Analyst Ratings.Net reports. Zacks currently has $13.00 price objective on the stock. Zacks’ analyst wrote, “Following Petrobras’ second quarter showing, we are downgrading the Brazilian state-run energy giant to Underperform from Neutral. The Rio de Janeiro-headquartered company recently posted lower-than-expected June quarter earnings on the back of decreased liquids realizations and weak production. We also remain concerned by Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)’s huge investment requirements and the possibility of heightened state interference.
Royal Dutch Shell Plc Second Quarter 2013 Scrip Dividend Programme Reference Share Price (Daily Markets) The Board of Royal Dutch Shell plc (ADR) (NYSE:RDS.A) (“RDS”) today announced the Reference Share Price in respect of the second quarter interim dividend of 2013, which was announced on August 1st, 2013 at $0.45 per A ordinary share (“A Share”) and B ordinary share (“B Share”) and $0.90 per American Depository Share (“ADS”).
Basic Material Stocks On Active Move: Petroleo Brasileiro (NYSE:PBR), Vale SA (NYSE:VELA), Alcoa (NYSE:AA), Halliburton (NYSE:HAL), Cereplast (OTCMKTS:CERP) (eMarketsDaily) Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) declared lesser than anticipated June quarter profits, owing to plunged liquids realizations and feeble production. Earnings per ADR came in at 46 cents, next to the Zacks Consensus anticipates of a profit of 51 cents. The firm’s refining section persists to bleed losses even following the current decision by the Brazilian government to permit it to lift diesel and gasoline prices. Petrobras stocks’ overall volume in the last trading session was 18.28 million shares. In its share capital PBR has 6.52 billion outstanding shares among them 3.90 billion shares have been floated in market exchange. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock institutional ownership remained 8%.