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Continue ReadingKuwait case study. Oil rich country but money is running out / by investman
Kuwait, one country in the Middle East region.
Rich from occupying oil resources for a long time.
But you know, Kuwait is in big trouble today.
Well, the country's reserve funds are running out.
What happened to Kuwait? Invest man will tell you about it.
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Kuwait is an Asian country in the Middle East region.
Which is an abundance of oil resources.
In 2019, Kuwait had a GDP value of 4.3 trillion baht and a population of 4.4 million people.
Make GDP per capita of Kuwait population equal to 977,000 baht.
4 times more than GDP per head of Thai people.
Kuwait has an area of 17,818 square kilometers, which is about 30 times smaller than Thailand.
Despite being the world's 152th small country.
But Kuwait is the world's 6th most crude resource country.
And one of the country members who expired oil (OPEC)
Kuwait has a crude oil reserves up to 101,500 million barrels. This amount is estimated to be 6 % of the world's crude oil reserves.
If crude oil prices are around $ 40 per barrel, Kuwait's crude oil reserves will be worth 128 million baht.
When things are like this, it means
Oil resources are highly important to Kuwait economy.
Year 2019 Kuwait's crude export revenue is worth 1.5 trillion baht.
In which such value is considered.
90 % of Kuwait's total export income
90 % of Kuwait government income
And 35 % of GDP, Kuwait
In 2016
Anas Al-Saleh, Kuwait's finance minister in those days, warns the government to lower the country's expenditure budget to be prepared for a moment when petrol prices will fall in the future.
But his warning is right. Many people laugh at me.
Because most people believe that the country will continue to earn massive oil exports income.
After that, come on
During the 2016-2018 s, crude oil prices continue to adapt.
It's something that makes many people confident that Anas Al-Saleh warnings won't happen.
But then the emergence of the trade war between US and China in 2019 begins to pressure the global oil demand to slow down.
And the incident started worse than that
When the world later, the COVID-19 outbreak begins.
Plague plague making global travel and production drops.
The global oil demand is reduced from the same.
Besides, there's a fuel war between Saudi Arabia and Russia that both of them won't reduce their production capacity. The oil prices are increasingly adapting.
2018 Dubai crude oil prices average $ 70 per barrel
2019 Dubai crude oil prices average $ 64 per barrel
While the first 6 months of 2020, the average Dubai crude price is only $ 41 per barrel.
What happens is income from crude oil exports
90 % of Kuwaiti government income is greatly reduced.
Make the government not enough money to pay for public sector employers.
At present, more than 80 % of Kuwait people, or around 3.5 million people work as government employees.
Make government spend money in country's reserve funds during the 3 months after COVID-19 outbreak. The fund has gone down to over 411,000 million baht.
Which if crude oil prices don't rise from the same.
It will only make Kuwait government pay for public sector employees until November this year.
Enough is like this next year, Kuwait government needs to make a budget deficit.
Which will cause budget deficit to the level of 1.4 trillion baht
Thinking about a deficit, increasing almost 3 times more than the 2019-2020 fiscal year.
And the budget deficit is the 7th year in a row since 2014
What's worrisome is if the government needs to borrow money.
Among lower oil prices, Kuwait may earn enough oil export income to pay back the loan.
Make it now Kuwait has to have a concept of country reform.
Under Vision 2035 slogan: New Kuwait
The point is that it's important to try to reduce oil industry revenue reliance on revenue.
Which is to follow how much Kuwait's long-term plan this time will accomplish.
From this story preview of Kuwait country
It's something to remind us whether it's a country, corporation or individual.
Being too dependent on income in any way is a high risk.
Like this case, Kuwait relies on income from crude oil exports up to 90 % of export income.
If one day the main income drops or disappears.
From a long time ago, I might lose money easily too..
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References
-https://www.pionline.com/economy/oil-rich-kuwait-running-out-cash
-https://oilprice.com/Energy/Energy-General/Kuwait-Is-Running-Out-Of-Money-To-Pay-Public-Salaries.html
-https://www.middleeastmonitor.com/20200820-kuwait-will-not-be-able-to-pay-salaries-after-november/
-https://en.wikipedia.org/wiki/List_of_countries_and_dependencies_by_area
-https://en.wikipedia.org/wiki/Kuwait
-https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves
-https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
-http://www.worldstopexports.com/kuwaits-top-10-exports/
-https://fanack.com/kuwait/economy/
-https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RBRTE&f=M
- Form 56-1 Year 2562, Thai Oil Public Company Limited
-https://www.set.or.th/dat/news/202008/20088082.pdfTranslated
同時也有10000部Youtube影片,追蹤數超過2,910的網紅コバにゃんチャンネル,也在其Youtube影片中提到,...
「global petrol prices」的推薦目錄:
global petrol prices 在 ลงทุนแมน Facebook 的最佳解答
กรณีศึกษา การทุบราคาน้ำมัน แล้วเข้าซื้อหุ้นบริษัทน้ำมัน ของซาอุดีอาระเบีย /โดย ลงทุนแมน
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จากนั้นค่อยไปขอเจรจาลดกำลังการผลิต ยุติความขัดแย้งกับรัสเซีย
นี่คือ 3 ขั้นตอนง่ายๆ ที่ซาอุดีอาระเบียใช้ในช่วงหลายเดือนที่ผ่านมา
...Continue ReadingCase study of smashing petrol prices and acquiring shares of Saudi Arabian oil companies / by Investing Man.
Announcement to increase production capacity to smash oil prices to sink dirt.
Then find the beat to buy the oil company shares when they are heavily sold.
Then let's go to negotiate production capacity. End conflict with Russia.
Here are 3 simple steps Saudi Arabia has taken over the last several months.
War situation, petrol price
Causes most people to damage the economy.
But if it's a crisis creator, it may be able to predict the end of the story.
And it could be a great opportunity
To earn his own destiny.
So what's the details of this?
Invest. Man will tell you about it
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On March 8, 2020, the oil price war between Saudi Arabia and Russia erupted.
The cause is because both can't deal with production reduction to tackle COVID-19 issues.
Saudi Arabia solves the game by increasing its production and pressures Russia to come back to negotiate.
The consequence is crude oil in the world market from before the incident at $ 45 per barrel.
It's drastically adjusted to decrease to $ 12 per barrel.
Many people think that the tactics of cutting their own meat like this shouldn't be worth it.
Because the Saudi Arabian economy is highly susceptible to the rise of petrol prices.
Oil sales income is 42 % of GDP and 87 % of government revenue.
But if Saudi Arabia is aware that it's the price smashing, eventually there will be negotiations.
When tensions are temporary, they may find other benefits.
And what happened is Saudi Arabia buying oil company shares
via Saudi Arabian National Wealth Fund or Public Investment Fund (PIF)
This kind of fund will invest in government's excess liquidity in property to create value added to welfare and developing countries.
PIF is currently the 11th largest national wealth fund in the world.
With the property value of around 10,464,000 million baht.
Which in the end of March to early April 2020
PIF fund has spent 32,700 million baht to buy Europe's top 4 giant oil companies that are heavily compromised because of petrol price war events:
Royal Dutch Shell from Netherlands
The company's value before war. Oil price is at 11,033,000 million baht.
The value of the company after war. The price of oil is at the lowest point of 5,697,000 million baht or 48 % decrease.
Total S.A. from France
The company's value before war. Oil price is at 3,600,000 million baht.
The value of the company after war. The price of oil is at the lowest point of 2,106,000 million baht or 42 % decrease.
Equinor from Norway
The company's value before war. Oil price is at 1,606,000 million baht.
The value of the company after war. The price of oil is at the lowest point of 961,000 million baht or 40 % decrease.
Eni from Italy
The company's value before war. Oil price is at 1,340,000 million baht.
The value of the company after war. The price of oil is at the lowest point of 830,000 million baht or 38 % decrease.
Saudi Arabia gives reasons to invest that the stock prices of these companies are very lower than the basics, interesting and may also find opportunities to buy more companies.
Shortly after April 12, 2020
It's called a meeting between export oil manufacturers (OPEC) led by Saudi Arabia.
And outer alliance country led by Russia
The result of negotiations can achieve a common agreement as follows.
May-June 2020 reduce production capacity of 9.7 million barrels per day.
July-December 2020, 7.7 million barrels production capacity per day.
January - April 5.8 2021 million barrels per day
Including Saudi Arabian government has ordered to reduce its capacity for 1 million barrels per day in June.
Saudi Arabia has bought a stock for oil companies.
After smashing the market price, it scares people.
Before I start walking to solve problems
However, no one can be sure of how much this investment has involved in gasoline price war.
And nothing guarantees oil prices won't go down any more from COVID-19 global economic impact.
PIF fund also bought the shares of Carnival Corporation, the largest cruise business owner in the world.
The value is reduced to 75 % from COVID-19 problems.
Which aligns with Saudi Arabian economic reform plan that wants to diversify investment from energy industries such as generating more income from travel business.
This story should be a good idea
Every movement in the business world always lurks with ingenious strategies.
Even an unknown act of what I did.
There may be a background that we don't know.
Saudi Arabian oil price smash case
At first, many people have questions about who will benefit.
Which buying a share of this decency oil company might be one of the answers to this..
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References
-https://www.marketwatch.com/story/saudi-fund-takes-stakes-in-european-oil-companies-2020-04-08
-https://en.m.wikipedia.org/wiki/Public_Investment_Fund_of_Saudi_Arabia
-https://www.swfinstitute.org/fund-rankings/sovereign-wealth-fund
-https://www.macrotrends.net/
-https://www.cnbc.com/2020/04/12/opec-and-allies-finalize-record-oil-production-cut-after-days-of-discussion.htmlTranslated
global petrol prices 在 BusinessFocus Facebook 的最佳解答
【#BF社會熱話,幾時到車用汽油?】機電工程署下調5月各專用氣站車用石油氣的上限價格,減幅接近1元/每公升
機電工程署下調5月各專用氣站車用石油氣的上限價格,新上限為每公升2.13元至2.69元不等,減幅為每公升0.98元,為近幾個月來最大幅度的調整。發言人指,有關調整反映本月的國際石油氣價格變動。
.
車用石油氣上限價格是按照指定的定價公式釐訂。該定價公式包括國際石油氣價格及石油氣營運價格兩個元素。國際石油氣價格是上一個月的國際石油氣價格,而石油氣營運價格則按上年度綜合消費物價指數的變動,於每年2月1日調整。
.
本港車用石油氣主要供石油氣小巴及石油氣的士使用,本港私家車多使用汽油,根據Global Petrol Prices最新數據,本港私家車使用的車用汽油價格於4月20日為每公升2.15美元(約16.77港元),但因為汽油價格一直都「加快減慢」,並且油價排名世界第一,引起網民熱議,為何香港油價居高不下,定價並不能跟國際油價低迷而作出相應調整。
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