Monday, July 28, 2025
Shell targets power trading and hydrogen in climate drive- oil and gas 360

Shell targets power trading and hydrogen in climate drive

Reuters LONDON – Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources said. Shell and its European rivals are seeking new business models to reduce their dependency on fossil fuels and

Oil prices gain as inventories fall and demand picks up- oil and gas 360

Oil prices gain as inventories fall and demand picks up

Reuters LONDON – Oil prices rose on Monday buoyed by falling inventories and hopes of a swifter global economic recovery, although halting vaccine rollouts and renewed travel restrictions capped gains. Brent crude was up 57 cents, or 1%, at $55.61 a barrel by 1449 GMT. U.S. crude gained 41 cents, or 0.8%, to $52.61. Both benchmarks gained nearly 8% in