|Bid||2,261.00 x 30600|
|Ask||2,262.00 x 27200|
|Day's range||2,257.50 - 2,268.50|
|52-week range||1,878.50 - 2,403.68|
|PE ratio (TTM)||23.13|
|Dividend & yield||1.88 (6.53%)|
|1y target est||32.07|
A massive surge in diesel fuel demand this year has been the main driver for higher crude oil consumption in 2017 along with buying to fill up strategic petroleum reserves, an executive from oil major Royal Dutch Shell said on Tuesday. Diesel demand for 2017 is making up about 50 percent of the year-on-year demand growth in oil products after only making up 27 percent of the increase in last year's consumption, said Mike Muller, Shell's vice president of crude trading and supply, at an industry conference in Singapore.
Forties crude differentials eased from recent highs on Monday after trading house Gunvor came to market with a spate of offers for October-loading cargoes, as Brent futures hit a premium over rival crude prices. * Gunvor offered five cargoes of Forties for sale in the daily trading window, selling one to Glencore (Frankfurt: 8GC.F - news) , which already owns at least six cargoes of so-called BFOE crude for loading this month, according to trading sources and Reuters data. Brent is trading at a 25-month high of over $6.50 a barrel over U.S. crude futures, while against Dubai, it is trading at a premium of around $2.43 a barrel, its highest this year.
Shell CEO Ben van Beurden made headlines when he told an interviewer his next car would be an electric vehicle, but he stopped short of a full disclosure: van Beurden's new car is part of a company-wide conversion of the corporate fleet.