OPEC, in its monthly Oil Market Report for Feb-2011, stated (10-Feb-2011) the increase in oil prices above USD100/barrel in London does not reflect any deficit in supply. OPEC noted that "crude oil futures market sentiment remained bullish in early 2011 with Nymex WTI and ICE Brent hitting their highest levels since September 2008". The OPEC Reference Basket maintained its momentum in Jan-2011, moving within a USD90-95/barrel range, which resulted in a monthly average of USD92.83/b, up 4.8% from the previous month. This upward trend was attributed to bullish sentiment in the futures markets, which pushed Nymex WTI and ICE Brent front months to 28-month highs, according to OPEC. OPEC said "improving macroeconomic sentiment, cold weather pushing demand higher, as well as growing investment in the paper market and recent geo-political concerns, were the main contributors to the strong market".
OPEC notes crude oil futures remain bullish in 2011
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Their initial Dec-2016 codeshare announcement was, in practical terms, small but showed the possibility, as they stated, to expand cooperation. However, it would be a leap to go from their handful of codeshares to a 17-Jan-2017 article from Italian daily newspaper Il Messaggero that Etihad could invest in Lufthansa on the way to a possible merger between the two. A subsequent denial in a Reuters story that "A financial stake is out of the question at the moment", does little to dispel the rumour. Were it not for the last three words of that statement the rumour would lack credibility.
There is certainly logic for a deeper partnership - and the two have danced this waltz before. Equity involvement from airlines can cement partnerships, add to board influence and partially allow one side to gain financially from any matter it feels it is compromising away. Nevertheless, there are obstacles to a full blown merger, and even to Etihad's taking a 30% to 40% stake. A marriage between the new bedfellows does not seem an immediate prospect. Nonetheless the logic is there for a move; and the mere fact of a potential move is sufficient to rock the equilibrium.
Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
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