Forget Royal Dutch Shell! I’d rather buy other FTSE 100 dividend stocks Royston Wild | Monday, 6th April, 2020 | More on: RDSB Shares in Royal Dutch Shell (LSE: RDSB) recently rose to one-month highs as the oil price fightback continued.Confidence in crude values received a shot in the arm following comments from President Trump last week. He suggested then that a deal between Saudi Arabia and Russia to curb production again was around the corner. The Brent benchmark climbed back above $30 per barrel as hopes grew.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Deal in dire straitsIt didn’t take long for the rally to run out of steam, however, and energy values were sliding again on Monday. Why? The OPEC+ meeting scheduled for today was booted back to Thursday, 9 April, as lawmakers in Riyadh and Moscow blamed each other for the failure to seal a new production agreement last month.It’s possible that a deal could still be forthcoming, of course. The political and economic considerations mean that you probably shouldn’t bet the mortgage on one emerging, however. As the boffins over at ING note:“It is going to be difficult for producers to agree on cuts, particularly in the region of 10 to 15 million metric barrels a day. Anything less than this would likely disappoint the market.” The bank’s analysts added that the US would probably have to pledge to cut its own output to bring the Russians on board. And this is a scenario that’s described as being “a tough ask.”Brent to hit single digits?Some are arguing, too, that the outlook for oil prices is quite grim irrespective of whether a new OPEC+ accord is hammered out.According to a note from Fitch Solutions, Brent prices could slump to single-digit lows. Aside from the threat of oversupply, the market also faces sinking demand owing to the coronavirus pandemic. The ratings agency predicts that a surplus of 20m barrels a day could emerge that would “overwhelm global logistics chains.”Share investors should be prepared for a possible fall in oil values and the prices of associated stocks like Shell, then. Lower energy prices today means a knock-on effect for ‘Big Oil’ investment and thus production further down the line. And this means giving shares like Shell a wide berth in spite of their mighty dividend yields.Shell smashedIn recent days, Royal Dutch Shell has also revised down its oil price forecasts for 2020. As a consequence, it said that it expects post-tax impairment charges of a whopping $400m to $800m for the first quarter. It’s clearly possible that more meaty writedowns could be laying in wait for the current three-month period.The near-term earnings outlook for Shell is quite muddy, then. It’s quite worrying over a longer time horizon, too, given the massive investment that non-OPEC nations have made in their oil industries in recent years. I don’t care about its 10.7% dividend yield for 2020, then. I’d rather load up on other FTSE 100 dividend stocks. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. 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Arsenal, Tottenham, Brighton and West Ham have opened their training grounds to players for individual work.The Premier League league is hopeful of a potential 8 June restart and finishing at the end of July to fit in with Uefa’s European competition plans. This would require full training to begin by 18 May.Top-flight clubs will meet on Friday to discuss options for the restart.Culture Secretary Oliver Dowden said he had been in contact with clubs about restarting the Premier League “as soon as possible”.Professional Footballers’ Association deputy chief executive Bobby Barnes said: “We have been assured of the intentions of all that there would be no resumption unless guarantees of safety could be given to the players.“The overriding principle for all parties is the health and safety of all participants on and off the field, and of course the wider public.”The Scottish Premiership is suspended indefinitely and the season could yet be declared over, a move already taken with the second, third and fourth tiers north of the border.On Tuesday, the French government banned all sporting events, even without spectators, until September, signalling the end of the season for the top two divisions in the country, Ligue 1 and Ligue 2.The Dutch top flight was abandonedon Friday with no promotion or relegation and no champions, while on Monday Belgian clubs postponed a vote on confirming the cancellation of their top flight until next week.The deadline set by Uefa is referred to in a set of guidelines on ‘eligibility principles’ for European competitions that the governing body’s president and general secretary have sent out to football bodies.“Given the unforeseen and unprecedented situation […] national associations and leagues are facing a situation whereby the completion of their domestic competitions may be at risk,” they write.Stakeholders are told they “should be in a position to communicate to Uefa by 25 May the planned restart of their domestic competitions, including the date of restart and the relevant competition format”.It adds: “In the event that a domestic competition is to be prematurely terminated for legitimate reasons […] Uefa would require the national association to explain by 25 May.”Uefa is understood to have set the date because of its next executive committee meeting two days later, when decisions on the restarting of the Champions League and Europa League may be reached. It is viewed as flexible guidance, rather than a rigid deadline.Last week, after a video call meeting of all 55 national associations, Uefa made clear it wants on-field performanceto determine which clubs make up next season’s European club competitions, despite the current shutdown.Uefa urged clubs to “explore all possible options” to finish their seasons.It accepted that in “special cases” some could be cancelled, but asked authorities to use “a different format” if needed in order for teams to qualify for European competitions.If league seasons cannot be finished, it said national associations would need to select clubs to qualify for Europe.Uefa said it could “refuse or evaluate” selected teams if necessary.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram European leagues have until 25th May to tell UEFA whether they want to complete or cancel their seasons.Football is suspended in all European countries apart from Belarus because of the coronavirus pandemic.The Premier League has this week stepped up its plans to resume the season in what has been labelled ‘Project Restart’.