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Summary Shell announces further $3.5 bln in buybacks Oil trading boosted by Red Sea diversions and Russia disruption LNG earnings beat expectations LONDON, May 2 (Reuters) – Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said …
Shell Smashes Forecasts with $7.7 Billion Quarterly Profit Read More »
(Reuters) – Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude futures for July gained 58 cents, or 0.7%, to $84.02 a barrel by 1130 GMT. U.S. West Texas Intermediate (WTI) crude for June was up 47 cents, or 0.6%, at $79.47. Prices …
Oil Prices Rebound After Closing at Seven-Week Low Read More »
Ford, GM, other carmakers in midst of tapping into Tesla plugs Decision said to slow growth of network; some may be rehired Bloomberg Tesla Inc. eliminated almost its entire Supercharger organization, which has built a vast network of public charging stations that virtually every major automaker is in the process of tapping into in the US. …
Tesla Axes Most of Supercharger Team in Blow to Other Automakers Read More »
(Reuters) – Oil steadied on Tuesday after the previous day’s drop as Israel-Hamas talks offered hopes of a ceasefire even as Red Sea attacks continued, while investors awaited signals on U.S. interest rates ahead of a key meeting on Wednesday. Brent crude futures rose 27 cents, or 0.3%, to $88.67 a barrel at 0830 GMT, …
Oil Steady as Investors Eye Mideast Talks, Rates Meeting Read More »
Dave Duttlinger stands next to land he leased to Dunns Bridge Solar LLC, Wheatfield, Indiana. April 5, 2024. REUTERS/Jim Vondruska (Reuters) – Dave Duttlinger’s first thought when he saw a dense band of yellowish-brown dust smearing the sky above his Indiana farm was: I warned them this would happen. About 445 acres of his fields …
As Solar Capacity Grows, Some of America’s Most Productive Farmland is at Risk Read More »
(Reuters) – Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling. Brent crude futures settled up 49 cents, or 0.55%, to $89.50 a barrel. U.S. West Texas …
Oil Settles Higher on Supply Concerns in the Mideast, Economic Woes Subdue Gains Read More »
U.S. energy firms this week cut five oil rigs, the biggest weekly drop since November, energy services firm Baker Hughes said in its closely followed report on Friday.Meanwhile, the oil and gas rig count, an early indicator of future output, fell by six to 613 in the week to April 26, the lowest since February …
U.S. Drillers Cut Most Oil Rigs in a Week Since November – Baker Hughes Read More »
FTC recently sued to block Tapestry’s high-end handbag deal Lawmakers called for more scrutiny of oil deals in March Exxon Mobil Corp. expects US antitrust regulators to approve its $60 billion acquisition of Pioneer Natural Resources Co. by the end of June despite increased government scrutiny of corporate mergers. “We continue to expect the deal is going to …
Exxon Expects FTC to Approve Pioneer Deal by Mid-Year, CFO Says Read More »
(Reuters) – Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 19 cents, or 0.2%, to $89.20 a barrel at …
Oil Prices on Track to Snap Two-Week Losing Streak Read More »
Summary Prices down after jumping $1 on strong euro zone PMI data U.S. Senate to take up aid package with Iran oil sanctions Political backdrop fraught with many risks: ANZ April 23 (Reuters) – Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market weighed the …
Oil Falls Back After Robust EU Data as Mideast Tensions Linger Read More »
