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What the U.K. Election Means for Oil Stocks and Other Sectors -- Barrons.com
By Brian Swint U.K. voters gave the biggest election victory to the Labour Party since former Prime Minister Tony Blair's landslide win in 1997. If history is anything to go by, that could be a boon
Shell, BP and TotalEnergies to Take Stakes in Adnoc's Ruwais LNG Plant - Bloomberg
Sector Update: Energy
Energy stocks were edging higher premarket Friday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.1%. The United States Oil Fund (USO) was up 1.1% and the United States Natural G
Shell Takes $2 Billion Hit Amid Green Energy Setback. It Fears Competition From U.S. -- Barrons.com
By Brian Swint President Joe Biden's Inflation Reduction Act (IRA) was designed to kick-start green energy production in the U.S., but one side effect has been that it's hurting production elsewhere.
Exchange-Traded Funds Edge Higher, Equity Futures Mixed Pre-Bell Friday as Investors Await Hints About Potential Rate Cuts
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.04% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as investors wait for th
Market Chatter: Shell, BP, Total to Invest in Abu Dhabi Natural Gas Project
Shell (SHEL), BP (BP), TotalEnergies (TTE), and Mitsui will invest in Abu Dhabi National Oil's next liquefied natural gas export project, Bloomberg reported Friday, citing people familiar with the mat
WTI Moves Below $83.50 Amid Expectations of Increased Supply, US NFP Awaited
West Texas Intermediate (WTI) Oil price trades around $83.50 per barrel at the time of writing.
Four international giants including Shell (SHEL.US) and Total (TTE.US) will invest in ADNOC's liquefied natural gas project.
According to insiders, four international companies have agreed to invest in the next liquefied natural gas export project of Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.
Shell (SHEL.US) is expected to write off nearly $2 billion in Q2, and natural gas sales are expected to be the same as last year.
The impairment related to the suspension of work at the Dutch and Singapore factories has emerged; after achieving outstanding performance in the previous quarters, henry hub natural gas trade business may experience a slight decline.
It is reported that Shell and three other giants will invest in the Abu Dhabi LNG project.
According to insiders, four international companies have agreed to invest in ADNOC's next liquefied natural gas export project. The insiders said that Shell, Total, BP and Mitsui & Co will hold 10% of the shares in the Ruwais liquefied natural gas plant respectively. As the information is not public, these sources requested anonymity. Insiders said the deal could be signed as early as next week. Despite many countries intending to turn to more eco-friendly alternative energy sources, energy giants are betting on the long-term demand for natural gas. Although fuel prices have fallen from their highs two years ago, they are still high.
U.S. Oil Growth Is Slowing. What's Next for Prices. -- Barrons.com
Growing U.S. oil production has played an enormous role in the energy market since the pandemic.
Market concerns are being triggered by the poor implementation of production cuts. OPEC+ urges member countries to make up for quota cheating.
In the effort to support the global oil market, OPEC+ is pushing member countries to make up for cheating on supply quotas. However, there is little indication that they are changing.
BP CEO Halts Offshore Wind Projects, Enacts Hiring Freeze
BP plc’s (BP Quick QuoteBP - Free Report) new CEO Murray Auchincloss has announced a hiring freeze and paused new offshore wind projects, signaling a shift in focus toward oil and gas.
BP (LON:BP.) Might Have The Makings Of A Multi-Bagger
Oil Slips After U.S. Data Points to Cooling Economy
0816 GMT - Oil prices edge lower on a thinner trading day due to the Fourth of July holiday, in spite of softer-than-expected U.S. employment and business activity data fuelling optimism for future ra
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0112 GMT - AGL Energy should continue to benefit from higher pow
Is the oil price driver here? Category 4 Hurricane Belial is advancing into Texas, threatening major US refineries.
The hurricane season in the Caribbean Sea is threatening the operation of major oil refineries in Texas, the largest oil-producing state in the United States.
Express News | BP : TD Cowen Raises Target Price to $45 From $44
BP Poised to Beat Peers on LNG Front This Quarter -- Market Talk
1208 GMT - BP looks to be the clear winner on the liquefied natural-gas market in the second quarter, driven by the return of volumes from its Tangguh fields in Indonesia, RBC Capital Markets says in
Oil Market Turns to the Upside – TDS
Oil market upside is being driven by Commodity Trading Advisors (CTA) flows yet again, TD Securities Senior Commodity Strategist Ryan McKay notes.