Shell Plc Advances Share Buy-Back Program
Shell plc (UK) (GB:SHEL) has released an update.
Oil Prices Still Under Pressure, Putting OPEC+ Supply in Focus -- Market Talk
Oil prices have recouped some of the losses posted earlier this week, but Brent crude continues to trade below $85 a barrel despite growing tensions in the Middle East.
Oil Heads for Weekly Gain on Renewed Optimism for US Rate Cuts
Oil headed for a third day of gains — putting crude on course for a weekly advance — as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets.
US oil reserves are in a hurry! The Biden administration clearly raised the upper limit of “oil purchase price”: 79.99 US dollars/barrel
① As US oil reserves have been reduced to their lowest level in nearly four decades, the Biden administration recently stepped up procurement efforts; ② The US Department of Energy said in a document that it will pay $79.99 per barrel of oil. This is the first time that the US government has set a clear price cap.
Goldman Sachs predicts that there is no hope that production will increase at the OPEC+ meeting in June, and oil prices may stay in the 75-90 dollar range
Goldman Sachs said on Wednesday that they no longer expect OPEC+ to announce the partial lifting of its voluntary production cuts at the June meeting.
Seasonal demand for gasoline and diesel in the US is the worst since the pandemic hit refining profits
According to the latest data from the US Energy Information Administration, demand for gasoline and diesel in the US is at its weakest seasonal level since the pandemic.
Shell to Sell Energy, Chemicals Park in Singapore to Chandra Asri, Glencore
Shell agreed to sell its energy and chemicals park in Singapore to CAPGC, a joint venture between Chandra Asri Capital and Glencore Asian Holdings, the New York Stock Exchange-listed oil giant said We
Express News | Goldman Sachs expects OPEC+ to reduce supply over a longer period of time
For the first time, the US clearly reimburses the SPR price: 79.99 US dollars/barrel!
This is the first time that the US government has set a clear price cap, which is still higher than the previous unofficial limit of 79 US dollars/barrel.
Shell Plc Executes Share Buy-Back Program
Shell plc (UK) (GB:SHEL) has released an update.
EXPLAINER-Shell's Singapore Refinery Sale and Its Market Significance
Shell in Talks to Sell Malaysia Fuel Stations to Saudi Aramco for RM5b
Multinational oil and gas company Shell may sell its 950 oil stations in Malaysia to Saudi Aramco in a deal that may be worth up to RM5 billion, according to a report.
Biden takes advantage of falling oil prices to restart a “replenishment” plan, 3.3 million barrels of crude oil will be put into storage
The Biden administration is taking advantage of falling oil prices to relaunch plans to replenish its depleted strategic oil reserves.
UPDATE 1-Shell to Sell Singapore Refinery, Petrochemical Assets to Chandra Asri and Glencore
Shell Plc Executes Strategic Share Buy-Back
Put shareholder returns first! Shell (SHEL.US) and British Petroleum (BP.US) maintain the pace of share repurchases
Following European energy giant Shell (SHEL.US), another energy giant, British Petroleum (BP.US), announced continued share buybacks in the second quarter. These traditional energy giants, which focus on the petroleum industry, can be described as paying more attention to improving shareholder returns than ever before and regard improving shareholder returns as a top priority option.
Saudi Arabia raises crude oil prices: a sign that oil prices have bottomed out?
Crude oil is most likely establishing a new bottom rather than continuing to fall...
Shell Plc Advances Share Buy-Back Programme
Shell plc (UK) (GB:SHEL) has released an update.
Update: Market Chatter: Shell in Talks to Sell Malaysia Fuel Stations to Saudi Aramco
(Updates with additional details.) Shell (SHEL) is in talks to sell its gas station business in Malaysia to Saudi Aramco in a deal that could be worth up to $1 billion, Reuters reported Monday, citing
Market Chatter: Shell to Exit Downstream Operations in South Africa
Shell (SHEL.L, SHELL.AS) said it is planning to divest its stake in Shell Downstream South Africa as well as over 500 service stations in the region, the country's Daily Maverick reported Monday, citi
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