LONDON/PARIS – Shell SHEL.L and TotalEnergies TTEF.PA reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened.
Oil and gas prices soared last year in the …
FRANKFURT – Chemicals group BASF (BASFn.DE) put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies.
BASF and …
From Reuters
LONDON (Reuters) – Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.
Although the $5.6 …
The EIA’s Jeff Barron joined the EnerCom Dallas conference last week, both as an attendee and as a presenter. At lunch time Thursday he laid down a detailed, analytical presentation that spoke volumes to the analysts, institutional investment officers and …
The current price of oil may feel low given the fading memories of $100 per barrel oil back in 2014. But in a longer term historical context, we are on the …
Oil prices inched lower this morning, with West Texas Intermediate (WTI) and Brent below $54 and $58, respectively. Crude oil inventories increased by 7.3 million barrels, according to …
Energy workforce council comments on President Biden’s remarks on gas prices
World Oil
With U.S. gasoline prices remaining high a week before midterm elections, President Joe Biden said he will attempt to levy additional taxes on oil corporations that record “windfall” profits without reinvesting in production, Bloomberg reported.
Biden …