Main Points In Hindi (मुख्य बातें – हिंदी में)
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तेल कंपनियों की दुविधा: बड़ी तेल कंपनियाँ 2024 की तीसरी तिमाही के परिणामों के लिए निवेशकों की अपेक्षाओं का सामना कर रही हैं, क्योंकि पिछले साल के उच्च लाभांश और शेयर बायबैक को बनाए रखना कठिन होगा। पिछले साल, इन कंपनियों ने $272 बिलियन से अधिक का भुगतान किया था।
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शेयर बायबैक में कमी: कंपनियों जैसे कि शेवरॉन और एक्सॉनमोबिल को बाजार में बायबैक की वर्तमान गति बनाए रखने के लिए $5-8 बिलियन उधार लेना होगा। बीपी का उच्चतम ऋण अनुपात (22.6 बिलियन डॉलर) उसे अपने बायबैक कार्यक्रम को पूरा करने के लिए मुश्किलें पैदा कर रहा है।
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लीबिया का तेल उत्पादन फिर से शुरू होना: लीबिया की पूर्वी सरकार ने 3 अक्टूबर से सभी तेल क्षेत्रों पर प्रतिबंध हटा दिए हैं, जिससे देश में तेल उत्पादन और निर्यात को बढ़ावा मिल रहा है। यह स्थिति यूरोप के रिफाइनर के लिए राहत की खबर है।
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उपभोक्ता वस्तुओं पर सूखे का दबाव: वैश्विक कृषि वस्तुओं की कीमतें बढ़ रही हैं, खासकर ब्राजील में सूखे के कारण। सोयाबीन और कॉफी के वायदा भाव रिकॉर्ड स्तर पर पहुँच गए हैं, जिससे खाद्य कीमतों में दबाव बढ़ रहा है।
- चीन में आर्थिक स्थिति: चीन के स्टील उत्पादन में गिरावट देखी जा रही है और दिलचस्पी कम हो रही है। सरकार द्वारा प्रोत्साहन उपायों के बावजूद, आर्थिक मंदी की आशंका बनी हुई है, जो स्टील और अन्य उद्योगों को प्रभावित कर रही है।
Main Points In English(मुख्य बातें – अंग्रेज़ी में)
Here are the main points from the provided article content:
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Challenges Faced by Oil Companies: Major oil companies are grappling with a dilemma as investors anticipate the third quarter results of 2024. It is expected to be difficult for most companies to replicate last year’s performance where they paid over $272 billion in dividends and share buybacks.
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Need for Reduced Share Buybacks: Companies like Chevron, ExxonMobil, and TotalEnergies may need to reduce their current pace of share buybacks, requiring them to borrow between $5-8 billion each to maintain the existing levels. In contrast, Eni may mitigate some of this pressure through asset sales.
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Debt Concerns for BP: BP stands out among oil majors with the highest debt ratio, having $22.6 billion in net debt against a $85 billion market capitalization. This makes it unlikely for BP to complete its $14 billion buyback program by 2025.
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Impact of Falling Oil Prices: ExxonMobil has indicated a decrease in upstream revenue between $600 million and $1 billion due to falling oil prices from August to September, compounded by hurricane damages and lower refining margins.
- Libya’s Oil Export Resumption: The eastern Libyan government has lifted restrictions on oil production and exports, which is expected to relieve supply concerns in Europe, especially after nearly two months of restricted output that had a significant impact on production levels.
Complete News In Hindi(पूरी खबर – हिंदी में)
बायबैक की गति अस्थिर होने के कारण प्रभाव के लिए बड़े ऑयल ब्रेसिज़
– तेल की बड़ी कंपनियों को एक कठिन दुविधा का सामना करना पड़ रहा है क्योंकि निवेशक समुदाय 2024 की तीसरी तिमाही के नतीजों की उम्मीद कर रहा है, क्योंकि अधिकांश के लिए पिछले साल के प्रदर्शन को दोहराना बहुत मुश्किल होगा जब उन्होंने लाभांश और शेयर पुनर्खरीद में 272 बिलियन डॉलर से अधिक का भुगतान किया है।
– शेयर बायबैक को कम करने की आवश्यकता होगी क्योंकि शेवरॉन, एक्सॉनमोबिल और टोटलएनर्जीज को बायबैक की वर्तमान गति को बनाए रखने के लिए प्रत्येक को 5-8 बिलियन डॉलर उधार लेने की आवश्यकता होगी, ईएनआई संभवतः संपत्ति की बिक्री से उस दबाव में से कुछ की भरपाई करेगा।
– तेल की बड़ी कंपनियों में बीपी सबसे अलग है क्योंकि उसके पास पहले से ही 85 बिलियन डॉलर के पूंजीकरण के मुकाबले 22.6 बिलियन डॉलर के शुद्ध ऋण के साथ उच्चतम ऋण अनुपात है, जिससे यह अत्यधिक संभावना नहीं है कि वह 2025 तक अपने 14 बिलियन डॉलर के बायबैक कार्यक्रम को पूरा कर सके।
– अमेरिकी प्रमुख एक्सॉनमोबिल ने पहले ही संकेत दिया है कि अगस्त-सितंबर में तेल की कीमतों में गिरावट से उसके अपस्ट्रीम राजस्व में 600 मिलियन डॉलर से 1 बिलियन डॉलर की कमी आई है, जो तूफान से हुए नुकसान और कमजोर रिफाइनिंग मार्जिन के कारण बढ़ गया है।
लीबिया द्वारा तेल प्रतिबंध हटाए जाने से यूरोप में आपूर्ति के विकल्प बढ़े हैं
– लीबिया की पूर्वी सरकार, जिसका मुख्यालय बेंगाजी में है, ने घोषणा की कि उसने 3 अक्टूबर से सभी तेल क्षेत्रों, बंदरगाहों और बुनियादी ढांचे पर अप्रत्याशित घटना को हटा दिया है, जिससे देश भर में तेल उत्पादन और निर्यात फिर से शुरू हो सके।
– यूरोप के रिफाइनर राहत की सांस ले रहे होंगे क्योंकि लगभग दो महीने लंबे तेल प्रतिबंध के कारण लीबियाई उत्पादन पर अनुमानित रूप से अंकुश लगा है…
Complete News In English(पूरी खबर – अंग्रेज़ी में)
Here’s a simplified English version of the content:
The pace of buybacks is unstable, affecting major oil companies.
– Major oil companies are facing a tough dilemma as investors look forward to the results for Q3 2024. For most companies, it will be challenging to replicate last year’s performance, during which they paid more than $272 billion in dividends and share buybacks.
– They will need to reduce share buybacks because Chevron, ExxonMobil, and TotalEnergies may need to borrow $5-8 billion each to maintain their current buyback pace. Eni might offset some of that pressure by selling assets.
– BP stands out among the major oil firms as it has the highest debt ratio with $22.6 billion in net debt compared to a $85 billion capitalization, making it unlikely to complete its $14 billion buyback program by 2025.
– U.S.-based ExxonMobil has already indicated that the decline in oil prices in August and September has reduced its upstream revenue by $600 million to $1 billion, exacerbated by storm-related damages and weak refining margins.
Libya lifting its oil restrictions increases supply options for Europe.
– The eastern government of Libya, based in Benghazi, announced the removal of unexpected events affecting all oil fields, ports, and infrastructure since October 3, allowing oil production and exports to resume nationwide.
– European refiners will likely breathe a sigh of relief as the nearly two-month-long oil embargo had significantly curtailed Libyan production.
– As Kazakhstan cuts production to comply with OPEC+ compensation measures, light grades from the Mediterranean have started trading at a premium to dated Brent at the highest levels in seven years, while Azerbaijan’s Azeri Light is about $5 above Brent.
– Rival governments in Libya agreed to appoint Nazi Essa as the new head of the Libyan central bank, a key figure in reallocating oil revenues, replacing Siddiq al-Kabir, who fled the country at the onset of the oil blockade.
Are aluminum prices facing drastic cuts?
– The aluminum market has shown a rise, with the LME October contract premium increasing to $18 per metric ton compared to November, reversing earlier discounts.
– If those facing a downturn fail to manage risks and must deliver physical material by expiration (October 16), aluminum prices may rise further.
– Although it’s unclear who may be involved, LME data suggests one trading party holds a large long position, accounting for over 40% of the market’s open interest.
– In more complex scenarios, the majority of LME aluminum inventory is stored at Port Klang, Malaysia, which amounts to 74% of total stocks and is set for delivery, creating a perfect storm of issues.
Food prices are under pressure due to drought.
– Bloomberg’s Agriculture Spot Index recorded a monthly increase of 7% in September, the fastest monthly growth since the early months of the Russia-Ukraine conflict, driven by extreme weather pushing agricultural goods to record highs.
– Severe drought in Brazil led to significant gains in soybean futures, while Arabica coffee prices reached their highest levels since 2011, as rainfall shortages damaged crop flowering periods.
– Although wheat prices have remained relatively stable in recent years, there was also an increase in September due to frost damage in Australia and limited planting in Russia and Ukraine due to lack of rain.
– Brazil, which accounts for about a third of the world’s coffee and soybean supply, is experiencing its driest weather since 1981, affecting about 60% of the country’s area.
China has an unexpected new mining champion.
– Founded in 1982 as a gold exploration campaign, Zijin Mining Group has become China’s top metal producer, potentially rivaling BHP in copper output as the company expands globally.
– After becoming the sixth-largest copper miner worldwide in equity terms, Zijin’s production has tripled over the last five years, mainly due to new mines and operations in Africa, the Balkans, and domestically.
– The company is facing rising pressure from the U.S. due to allegations of forced labor in Xinjiang, but it is expected not to derail production growth, estimated to reach 1.6 million tons by 2028, up from just over 1 million tons last year.
– Free from regulatory barriers faced by Western companies, Zijin has outperformed all competitors over the last decade, achieving a market capitalization of $67 billion, which is less than half of that of BHP Group.
China’s stimulus package is still lagging in boosting steel sentiment.
– Global steel production registered a continuation of year-over-year declines in August, with total production at 144.8 million tons, down 6.5% from a year ago, as China put a brake on its steel ambitions.
– The decline in Chinese steel production is more significant than the global average, dropping 10.4% to 77.9 million tons, effectively disregarding the typical seasonal peak in September.
– While Beijing’s economic stimulus may boost the property market by 2025, tangible effects from this recovery are not expected until Q1/Q2 of next year as the market continues to decline, with sales currently 22% lower than last year.
– Following the unveiling of stimulus measures by China, iron ore futures surged over 10%, with Dalian contracts now reaching $117 per metric ton, although hot-rolled coil steel prices rose only 3% in September.
The future of European car manufacturers hangs in the balance.
– As European car manufacturers embrace the energy transition and the rapid adoption of electric vehicles (EVs), they are now facing growing adverse conditions as fears of an economic recession and declining sales threaten their profitability.
– In August, electric vehicle sales across Europe plummeted by 36%, with an even steeper decline in Germany, the largest car market in the region, reporting a 69% drop compared to a year ago.
– Germany ended its $5,000 subsidy for new EV sales at the end of 2023, as the fiscal burden of the subsidies exceeded $11 billion, leading to an almost immediate drop in interest in EVs.
– Manufacturers have responded by closing factories that had been retrofitted for EV production, with protests already underway in Belgium ahead of the potential shutdown of Audi’s Brussels plant.
