Benefits of having line bonds

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A line of bonds work as a credit line with the surety that allows companies to have sufficient capacity to ensure their contracts short or long term as well as bonds issued shortly benefiting expediting procedures and trade relations.

Line bonds grow in direct the type of guarantees that the client provides surety companies proportion and the timely cancellation of their obligations, so an appropriate mix and quality assurances can negotiate with sureties special lines and sufficient.

The benefits of having a line bond are the following:

  • Subscription advance

  • A quick issuance of the bond.

  • Compliance in delivery times indicated in the contracts

  • Control of obligations and guarantees established.

In NRGI Broker We want to be the strength to your operations bonds, through our personalized service, so we developed assurance programs tailored to each client maximize the capacity strengthening of our customers in the long run.

In NRGI Broker we have an expert team in bonds that will provide comprehensive solutions, with proven products that adapt to suit your needs.

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Contact us, we are here to help:

info@nrgibroker.com
(55) 9177.2100

Brent Oil Halts Gain near $50 as Market Eyes November OPEC Deal

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Oil halted gains after rising above $50 a barrel in London for the first time in more than three weeks, as plans by some OPEC members to boost output raised doubts the group will be able to implement its production cut in November.

Brent futures fell 0.4 percent in London after advancing 6.9 percent last week. While OPEC outlined an accord to reduce production by as much as 750,000 barrels a day, its third-largest member Iran wants to increase exports to 2.35 million barrels a day in the coming months, state news agency IRNA reported. The OPEC member is currently shipping 2.2 million barrels a day. Rigs targeting crude in the U.S. rose a fifth consecutive week to the highest level since February, Baker Hughes Inc. said on its website Friday.

Oil capped the biggest monthly gain since April after the Organization of Petroleum Exporting Countries agreed to trim supply for the first time in eight years. While quotas will be decided at the group’s official meeting in November, Nigeria and Iran have said they are exempt and Iraq has said it doesn’t accept OPEC’s estimates of its production levels. Russia boosted output last month to a post-Soviet record.

“Oil will probably trade between $45 and $50 a barrel as we move into November and see what type of deal is done,” said Angus Nicholson, a market analyst in Melbourne at IG Ltd. “There are questions about how OPEC is going to police the new output limits and how they will keep members in line if they breach their production ceiling.”

Brent for December settlement, which became the front-month contract Monday following the expiry of November futures last week, was 5 cents lower at $50.14 a barrel at 8:17 a.m. on the London-based ICE Futures Europe exchange. The November contract fell 18 cents to expire at $49.06 on Friday, while the December contract closed at $50.19. The global benchmark traded at a $1.47 premium to December West Texas Intermediate.

WTI for November delivery was down 17 cents at $48.07 a barrel on the New York Mercantile Exchange. The contract rose 41 cents to $48.24 on Friday, the highest close since Aug. 19. Total volume traded was about 42 percent below the 100-day average. Prices rose 7.9 percent in September.

For a story on OPEC challenges after the output agreement, click here.

U.S. drillers added seven rigs during the week ended Sept. 30, increasing the count to 425, according to Baker Hughes. The U.S. is pumping at a rate of 8.5 million barrels a day, weekly data from the Energy Information Administration show.

 

Oil-market news:

Russian output climbed to 11.11 million barrels a day in September, according to data from the Energy Ministry’s CDU-TEK unit. Investors increased their long position in WTI by 24,131 futures and options, or 8.1 percent, during the week ended Sept. 27, according to the Commodity Futures Trading Commission. Bets on falling prices dropped.

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Copyright: Rig Zone

Mexico, Cuba, US Talk Again On ‘Doughnut Hole’ In Gulf Waters

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Officials from Mexico, the United States and Cuba met on Thursday for a second round of talks on the limits of the Western Polygon, an oil-rich area in the waters of the Gulf of Mexico, two people close to the discussion said.

Talks about who owns what is in the so-called “Doughnut Hole” were prompted after Cuba and the United States announced they would restore diplomatic ties in late 2014.

International law gives countries the right to any resources found in the sea within 200 nautical miles of their territory. But when areas overlap, as they do in the case of the resource-rich Doughnut Hole, countries have to craft an agreement.

The talks would conclude on Friday, one of the sources said, noting that the officials aimed to define the coordinates to define where the respective limits lie.

A Mexican government spokesman confirmed officials from the three countries met to try and make progress on the issue and that results of the meeting would be made public on Friday.

Gulf Waters

Copyright: Rig Zone