LONDON – Royal Dutch Shell’s 2020 earnings from trading crude oil and refined products doubled from the previous year to $2.6 billion, helping to offset a sharp drop in fuel demand due to the coronavirus pandemic.
Shell’s oil trading …
LONDON – Oil hovered near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year.
Benchmark Brent fell 22 cents, or 0.3%, to …
Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas …
Highlights from The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines
Over the next decade, there will be a steep rise in energy technology that reduce the environmental impact of traditional
LONDON – Commodities and energy pricing agency S&P Global Platts will defer changes to its core dated Brent oil benchmark after industry pressure, it said on Wednesday.
The company said it has opened further consultation with the market on …
LONDON – Royal Dutch Shell, owner of the world’s largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic.
hell said …
LONDON – BP’s trading arm made nearly $4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by …
LONDON – Global refineries will increase crude processing sharply over the next six months to stabilise stocks of fuels such as gasoline and diesel – even if substantial coronavirus controls remain on travel and service sector businesses.
The prospective …
LONDON – OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for the group and its allies in supporting …
Strong Free Cash Flow Generation From Low Breakevens & Capital Efficiency …
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LONDON – Oil prices rose on Thursday on a weaker dollar as fears of rising U.S. inflation eased while a steep fall in U.S. fuel stocks meant a crude glut would be short-lived as refiners restart in Texas.
Brent
The head of Texas’s power regulator told lawmakers on Thursday that any effort to retroactively reduce the power prices levied during a recent storm would lead to lawsuits that the state could lose.
The state’s power grid operator raised …
Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas …
LONDON – The commissioning of new wind turbines globally surged by a record 59% to more than 96 gigawatts (GW) of capacity last year despite the COVID-19 pandemic, research by BloombergNEF showed on Wednesday.
Developers commissioned 96.3 GW of …
ConocoPhillips said on Wednesday it has resumed its share buyback program and pledged to keep spending flat even as oil prices climbed, the latest U.S. energy firm to embrace investor returns over production growth.
Despite the uptick in crude …
Texas Governor Greg Abbott said on Tuesday he had made correcting “inaccurate excessive charges” billed during the winter freeze by power grid operator Electric Reliability Council of Texas (ERCOT) an emergency matter for the state legislature.https://www.reuters.com/article/us-usa-weather-texas-ercot-power/texas-governor-makes-correcting-power-grid-operators-billing-emergency-item-idUSKBN2B20EH
Abbott said he …
NEW YORK – Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month’s Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery.…
Two U.S. senators on Wednesday said they have introduced a bipartisan bill aimed at boosting taxpayer returns from federal oil and gas leasing, the latest in a string of moves in Washington seeking to reform drilling on public lands.…
Current Business and legal issues in the Oil and Gas Market
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Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas …
Targets more than doubling return on capital employed by 2025 Expects free …
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LONDON – The battery metals are back.
Both lithium and cobalt markets spent the last two years absorbing the glut of supply that followed the price boom of 2017-2018. Low prices and turgid trading conditions caused producers collectively …
NEW YORK – Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday, in a sign that exports of the fuel were sharply increasing from the United States to …
HOUSTON – Royal Dutch Shell Plc pushed back the restart of its 318,000 barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery to March 13, said sources familiar with plant operations on Monday.
Shell spokesman Curtis Smith declined comment.
Shell had …
LONDON – Promises by U.S. shale producers to pursue a more restrictive approach to capital investment and production seem to have emboldened Saudi Arabia and its allies in OPEC+ to test the room for higher oil prices.
If shale …
LONDON – Oil fell to around $68 a barrel on Tuesday in a choppy session, as easing concern of a supply disruption in Saudi Arabia and U.S. dollar strength countered the prospects for tighter supply due to OPEC+ output …
Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas …
Highlights from The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines
Over the next decade, there will be a steep rise in energy technology that reduce the environmental impact of traditional
LONDON – Hedge funds sold petroleum for the second week running as crude prices topped $65 a barrel, the highest level since before the COVID-19 pandemic.
The equivalent of 11 million barrels in petroleum futures and options were sold …
LONDON/MILAN – Energy group Eni is looking to spin off its new retail and renewable energy business next year and could list a minority stake to raise money to bankroll the company’s energy transition, an industry source close to …
