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Summary Shell extends $3.5 bln share buybacks Strong LNG sales offset drop in refining Debt drops to lowest since 2015 LONDON, Oct 31 (Reuters) – Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading …
Shell’s $6 Billion Profit Smashes Forecasts as LNG Offsets Weak Refining Read More »
U.S. imports of crude oil from Saudi Arabia hit a near four-year low last week, U.S. government data showed on Wednesday, as Canada’s Trans Mountain pipeline sent more oil to the U.S. West Coast. The $24.84 billion Trans Mountain pipeline (TMX) expansion started in May, nearly tripling capacity to Canada’s Pacific Coast to 890,000 barrels …
U.S. Saudi Crude Imports Fall as West Coast Refiners Turn to Canada’s TMX Pipeline Read More »
Chevron earnings fail to cover dividends, buybacks Delayed Hess deal a drag on the company’s share price Guyana volumes crucial for long-term oil output gains (Reuters) – Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No. 2 U.S. oil company briefly achieved a market value larger than Exxon Mobil’s after he …
Chevron CEO Under Pressure to Halt Share Slide as Hess Deal Stalls Read More »
(Reuters) – Oil prices stabilized on Thursday after rallying the previous day on stronger than expected U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase. Traders are now awaiting the outcome of the U.S. presidential election on Nov. 5 and whether ceasefires can be brokered in the Middle East. …
Oil Prices Stable After Boost From U.S. Fuel Demand Read More »
By Georgina Mccartney HOUSTON, Oct 30 (Reuters) – U.S. gasoline stockpiles fell unexpectedly last week to a two-year low on strengthened demand, the Energy Information Administration (EIA) said on Wednesday, while crude inventories also posted a surprise drawdown as imports slipped. Gasoline stocks (USOILG=ECI) fell by 2.7 million barrels in the week ending Oct. 25 …
US Gasoline Stockpiles Hit 2-Year Low on Stronger Demand, EIA Says Read More »
By Curtis Williams A return of US-China trade tensions could undercut gas exports Harris campaign has no comment on Biden LNG permitting pause Re-exporting LNG to avoid tariffs could disrupt other sales HOUSTON, Oct 30 (Reuters) – U.S. exporters of liquefied natural gas (LNG) could face new hurdles if Republican Donald Trump wins the presidential …
US LNG Export Gains at Risk if Trump Wins Election and Boosts Tariffs, Analysts Say Read More »
EQT Corp projected data centers and coal plant decommissioning could boost natural gas demand by up to 10 billion cubic feet per day by 2030, the Appalachian basin-based natural gas producer said on a post-earnings conference call on Wednesday. Shares of the company were up more than 2% in afternoon trading, buoyed by an uptick …
EQT Sees Data Centers and Coal Retirements Driving Natural Gas Demand Read More »
ConocoPhillips is exploring a sale of some of its shale operations in the Permian Basin worth more than $1 billion, two years after an unsuccessful attempt to find a buyer for the same assets, people familiar with the matter said on Wednesday. The Houston, Texas-based oil and gas producer is looking to shed some non-core …
ConocoPhillips Explores Sale of Permian Shale Assets Worth Over $1 Billion, Sources Say Read More »
My full interview with Rita Panahi of Sky News Last week I was interviewed by Rita Panahi of Sky News Australia on a number of important topics: Kamala Harris’s true position on fracking The destructive consequences to Canada and the free world of the Biden-Harris administration cancelling the Keystone XL pipeline The myth that fossil …
(Reuters) – Phillips 66 beat quarterly profit estimates on Tuesday as strength in its chemicals and midstream segments helped the refiner more than offset a slump in refining margins from lackluster fuel demand. The company, which owns nearly 72,000 miles of U.S. pipeline systems, has moved more fuel this year than before as it expands …
Refiner Phillips 66 reports Q3 profit beat on midstream, chemicals strength Read More »
