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By Shadia Nasralla Oil price in second quarter dropped on OPEC+ output hikes Quarterly profit of $4.26 bln beats analyst poll of $3.74 bln Keeps pace of share buybacks at $3.5 bln for quarter Company shares climb around 2% LONDON, July 31 (Reuters) – Shell’s (SHEL.L) second-quarter net profit tumbled by almost a third on …
Shell Profit Drops by Almost a Third on Lower Prices, But Beats Expectations Read More »
(Reuters) – Asia is expected to step up imports of U.S. West Texas Intermediate crude in the fourth quarter after Middle East oil prices strengthened and opened the arbitrage window, trade sources said. Middle East crude benchmarks Dubai and Murban gained this month on the back of robust demand for high-sulphur oil in Asia, narrowing …
Asia Steps Up US WTI Oil Imports as Middle East Prices Rise, Sources Say Read More »
The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, …
US Hits Iranian Shipping Network with Major New Sanctions Read More »
(Reuters) – Oil prices gained for a fourth straight day on Thursday, as investors worried about supply shortages amid U.S. President Donald Trump’s push for a swift resolution to the war in Ukraine and threats of tariffs on countries buying Russian oil. Brent crude futures for September delivery , which are set to expire on Thursday, rose …
Oil Prices Gain for Fourth Day on Supply Fears From Trump Tariff Threats Read More »
Summary New license to allow Chevron to make decisions, contribute to procurement and payments No money from oil proceeds can be transferred to Maduro’s gvmt Chevron had reduced operations, ordered tanker fleet to sail away HOUSTON, July 30 (Reuters) – Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close …
Chevron Granted Restricted US License to Operate in Venezuela Read More »
By Marta Nogueira RIO DE JANEIRO, July 30 (Reuters) – Energy companies operating in Brazil are expected to resume oil shipments to the United States after several oil products were exempted from U.S. tariffs, the head of Brazilian oil lobby group IBP told Reuters on Wednesday. Oil is Brazil’s top export to the U.S. and …
Oil Shipments From Brazil to US to Resume After Tariff Exemption, Says Lobby Group Read More »
By Kanishka Singh Pakistan officials have visited US in recent weeks for talks Pakistan said last week deal was within reach Trump says an oil company will be chosen to build partnership, without elaborating WASHINGTON, July 30 (Reuters) – U.S. President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which …
Trump Says US and Pakistan Have Concluded Deal on Oil Reserves Read More »
By Amanda Stephenson Open season to assess shipper interest in capacity growth Drag-reducing agents could boost delivery by 5-10% Potential projects may increase export capacity by 200,000-300,000 bpd CALGARY, July 30 (Reuters) – The operator of Canada’s Trans Mountain oil pipeline may launch a process this year to formally gauge commercial interest in the first …
Canada’s Trans Mountain Eyes Open Season Later This Year for Pipeline Capacity Growth Read More »
By Arathy Somasekhar Trump vows sanctions unless Russia makes progress on peace deal Trump says US to impose 25% tariff on India from Aug 1 US also warns China over Russian oil China unlikely to comply with US sanctions, analysts say HOUSTON, July 30 (Reuters) – Oil prices settled 1% higher on Wednesday as investors …
Oil Rises Over 1% as Investors Weigh Trump’s Russia Stance, Tariff Threats Read More »
Russian markets reacted cautiously to U.S. President Donald Trump’s threat to impose new sanctions, with analysts saying on Wednesday a weaker rouble and higher oil prices as a result of his measures may support the economy in the short term. Trump said on Tuesday the United States would start imposing tariffs and other measures on …
Weak Rouble, Higher Oil May Help Russia if Trump’s Tariffs Hit, Analysts Say Read More »
