The four major energy giants will share 40% equity in the Ruwais LNG project owned by ADNOC, and fuel production in the UAE will double and soar.
According to insider sources, ADNOC has decided to distribute 40% of its shares in the Ruwais LNG project to the world's four major energy giants.
Barclays Sticks to Its Buy Rating for Shell (UK) (SHEL)
Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Crude oil product analysis at noon: Brent crude oil futures prices fell, with limited impact from the storm.
Hurricane Beryl is expected to make landfall in Texas, but the projected path suggests it may not have a significant impact on the oil refining and export industry in the Corpus Christi area. Chevron has begun sending non-essential personnel back to offshore facilities.
Orcadian Energy Reports Delay in Funding From Industry Partner
Orcadian Energy (ORCA.L) reported that it has not yet received the funding it expects from an unnamed industry partner. In a July 5 filing, the oil and gas company said the industry partner is still e
The driving force behind oil prices? Tropical storms hit Texas and oil ports are closed.
Tropical storm 'Beryl' advances into Texas, and some of the largest oil export hubs in the United States are closed.
Express News | Paramount Global - David Ellison Named CEO, Jeff Shell Named President of New Paramount
Beryl Heads for Texas, Packing High Winds, Potential Flooding -- Barrons.com
By Janet H. Cho Tropical Storm Beryl is swirling toward the Texas coastline, most of which is under a hurricane warning as officials urged residents and tourists to evacuate coastal areas. Beryl is
Kepler Capital Remains a Buy on Shell (UK) (SHEL)
Unusual Options Activity: BCS, DLTR and Others Attract Market Bets, BCS V/OI Ratio Reaches 69.4
EST Jul 5th Closing Delivery - In the last three hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends
Sector Update: Energy Stocks Decline Late Afternoon
Energy stocks were in the red late Friday afternoon, with the NYSE Energy Sector Index falling 1.2% and the Energy Select Sector SPDR Fund (XLE) dropping 1.8%. The Philadelphia Oil Service Sector inde
Hurricane Beryl Causes Oil Giants to Evacuate Gulf of Mexico Platforms -- Barrons.com
Avi Salzman Hurricane Beryl made landfall on Mexico's Yucatán Peninsula on Friday, and was traveling toward the Gulf of Mexico, with the potential to hit Texas and other parts of Mexico in the next
Shell, BP and TotalEnergies to Take Stakes in Adnoc's Ruwais LNG Plant - Bloomberg
Shell to Take Hit on Plants
Sector Update: Energy
Energy stocks were edging higher premarket Friday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.1%. The United States Oil Fund (USO) was up 1.1% and the United States Natural G
U.S. stock market preview: Heavyweight news! Non-farm data exceeds expectations, and the three major equity index futures jump; Fed "top three": there is still a long way to go to maintain the 2% inflation target.
The US earnings season will kick off next week, putting the US stock market to the test; the increase in US currency supply indicates a reversal of the concentration trend in the US stock market, and mid-small cap stocks may have opportunities; over 1 million chips will be shipped! Nvidia's sales in China are expected to reach $12 billion this year.
Shell Takes $2 Billion Hit Amid Green Energy Setback. It Fears Competition From U.S. -- Barrons.com
By Brian Swint President Joe Biden's Inflation Reduction Act (IRA) was designed to kick-start green energy production in the U.S., but one side effect has been that it's hurting production elsewhere.
Exchange-Traded Funds Edge Higher, Equity Futures Mixed Pre-Bell Friday as Investors Await Hints About Potential Rate Cuts
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.04% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as investors wait for th
6-K: An Update to the Second Quarter 2024 Outlook
Market Chatter: Shell, BP, Total to Invest in Abu Dhabi Natural Gas Project
Shell (SHEL), BP (BP), TotalEnergies (TTE), and Mitsui will invest in Abu Dhabi National Oil's next liquefied natural gas export project, Bloomberg reported Friday, citing people familiar with the mat