oil-and-gas
Top StoriesU.S. Majors Exxon, Chevron Post Blowout Earnings, Ramp up Buybacks
Top StoriesEni Lifts Investor Rewards After Net Profit Jumps
Top StoriesUtility Engie Prepared for Less Russian Gas as Profits Surge
Top StoriesOil Prices Steady as Market Weighs Tight Supply Against Recession Fears
Shell Smashes Record Again With $11.5 Billion Profit
Date: July 28, 2022
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday reported a second quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading. The company also announced a share buyback programme of $6 billion for the current quarter, but...
Finland’s Neste Boosted by Strong Refining Margins
Date: July 28, 2022
By Essi Lehto HELSINKI (Reuters) – Finnish energy company Neste on Thursday posted higher-than-expected second-quarter results as volatile energy markets drove up refining profits, but warned of slightly lower oil product margins and renewable products sales volumes ahead. “The war in Ukraine has had a significant impact on international energy markets, leading to volatile and...
Repsol Profit Doubles on Soaring Oil Prices but Refining Weighs
Date: July 28, 2022
By Isla Binnie MADRID (Reuters) -Spanish energy group Repsol posted on Thursday a doubling in first-half net profit, boosted by high oil and gas prices, but its share price suffered as investors had wanted more. Rapidly recovering demand after COVID-19 lockdowns propelled energy prices to highs that have been driven to records by Russia’s invasion...
Oil Extends Gains as Risk Appetite Improves, U.S. Inventories Fall
Date: July 28, 2022
By Florence Tan SINGAPORE (Reuters) -Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand in the United States supported prices. Brent crude futures for September rose $1.13, or 1.1%, to $107.75 a...
Nord Stream 1 Gas Nominations, Physical Flows Fall – Operator Website
Date: July 27, 2022
LONDON (Reuters) – Physical flows and requests for Russian natural gas flows through Nord Stream 1 into Germany fell on Wednesday morning after Gazprom further cut capacity of the pipeline that provides more than a third of Russian gas exports to the European Union. Data on the Nord Stream AG website showed nominations nearly halved...
Italy’s Eni to Receive Lower Gas Volumes From Gazprom on Wednesday
Date: July 27, 2022
MILAN (Reuters) – Italy’s Eni said it would receive about 27 million cubic metres of gas from Russia’s Gazprom on Wednesday, down from the daily average volumes of around 34 million in recent days. Eni added it would provide further updates in the event of significant changes in delivery volumes communicated by Gazprom. On Monday...