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SHEL News30 articles
Brent Crude Tumbles Below $100 as Hopes for US-Iran Agreement Rise
Brent crude dropped below $100 on Thursday as traders anticipated a US-Iran deal could reopen the Strait of Hormuz. WTI fell 1.9% to $93.15, and US distillate exports hit a record 1.9 million bpd.
Shell Shares Slide as Buyback Reduction Overshadows Profit Beat
Shell shares dropped 3.9% as a reduced share buyback program offset first-quarter earnings that beat forecasts. Net debt increased to $52.6 billion.
Brent Crude Dips Below $100 as Iran Talks Progress, Supply Constraints Persist
Brent crude slipped below $100 as traders weigh Iran peace talks, but U.S. inventories fell sharply, distillate stocks hit 2005 lows, and Asian fuel exports plunged, keeping supply concerns front and center.
FTSE 100 Slips as Energy Stocks Weigh on Market
London's FTSE 100 fell 0.34% as energy stocks dragged, while the FTSE 250 rose 0.6% on travel gains amid lower oil prices and peace deal hopes.
Shell's $16.4B ARC Buy Boosts Canadian LNG Ambitions
Shell's $16.4B acquisition of ARC Resources strengthens its position in Canada's Montney shale and LNG Canada terminal, boosting Asian export prospects.
U.S. Gasoline Prices Surge to $4.229, Outlook Points Higher Amid Supply Squeeze
U.S. gasoline prices hit $4.229 per gallon, the highest since July 2022, driven by falling inventories, refinery outages, and crude above $100. The outlook points to further increases as summer demand nears.
Oil Surge Past $110 Fuels Energy Stocks as Geopolitical Risk Intensifies
Brent crude surged past $110 a barrel as U.S.-Iran talks stalled, disrupting Strait of Hormuz flows. Exxon, Chevron, ConocoPhillips lead energy stocks; BP posts $3.2B Q1 profit.
BP's Strong Profit Boosts FTSE 100; Barclays and Taylor Wimpey Slide
BP's $3.2B profit drives FTSE 100 higher, but Barclays drops on credit provisions and Taylor Wimpey slumps on cost inflation warnings.
ARC Resources Surges After Shell's $16.4B Montney Acquisition
Shell acquires ARC Resources for $16.4 billion, sending ARC shares up over 22% and signaling major confidence in the Montney shale basin.
London Shares Dip as Oil Rally and Fresh Tariff Threats Weigh on Sentiment
The FTSE 100 slipped 0.35% on Friday, pressured by rising oil prices above $105 and a new US tariff threat against the UK. Energy stocks gained, but Mondi fell sharply after a 27% profit drop.
FTSE 100 Dips as Oil Surpasses $103; Sainsbury, WH Smith Issue Profit Warnings
The FTSE 100 slipped 0.59% as Brent crude climbed above $103, with Sainsbury and WH Smith cutting profit forecasts due to higher costs and inflation concerns.
FTSE 100 Retreats on Renewed Middle East Tensions, Energy Stocks Gain
London's FTSE 100 declined on Monday, pressured by a spike in oil prices following escalating U.S.-Iran tensions. Energy sector stocks advanced, while travel and financial shares sold off.
Chevron Shares Slide Amid Oil Price Volatility and Strait of Hormuz Tensions
Chevron shares declined Friday as oil prices dropped sharply following a temporary reopening of the Strait of Hormuz. However, renewed tensions and reported gunfire at the vital waterway have reignited supply concerns ahead of Monday's trading session.
FTSE 100 Edges Lower Amid Iran Tensions, Workspace Plunges on Profit Warning
London's FTSE 100 declined slightly on Friday, underperforming European peers as geopolitical caution prevailed. Workspace Group led losers with a sharp drop after forecasting lower future profits.
Oil Retreats on Potential Iran Talks, Yet Supply Shock Risks Loom
Oil prices declined Tuesday on hopes for renewed U.S.-Iran dialogue, but a historic supply disruption and bank forecasts suggest sustained market tightness and volatility ahead.
FTSE 100 Advances as Investors Monitor Fragile Middle East Truce Talks
London's FTSE 100 gained 0.38% on Friday as traders assessed potential progress in Middle East ceasefire talks. The FTSE 250 outperformed with a 0.79% rise.
FTSE 100 Steady Near 10,600 as Oil Rebound Threatens Ceasefire Gains
The FTSE 100 held steady near 10,600 on Thursday, consolidating after a sharp rally, as renewed doubts over a U.S.-Iran ceasefire sent oil prices climbing. The Bank of England anticipates a rise in mortgage demand for Q2.
EU Gas Prices Hold Near €54 as Supply Fears Mount Ahead of Winter
European benchmark gas prices remain elevated near €54 per megawatt-hour as EU ministers plan emergency talks. Storage levels are critically low at 28%, with Germany reporting higher inflation driven by energy costs.
Oil Volatility Surges as Middle East Tensions and G7 Action Rattle Markets
Oil prices whipsawed on Monday, with Brent crude briefly surpassing $116 a barrel before retreating, while U.S. West Texas Intermediate gained over 3%. The volatility stems from escalating Middle East tensions and emergency G7 measures to stabilize markets.
Oil Surges on Middle East Escalation, Brent Eyes Steepest Monthly Gain Since 1988
Oil prices surged Monday with Brent crude approaching $116 a barrel, set for its largest monthly gain since 1988, as military hostilities in the Middle East intensified and threatened critical global shipping routes.
Oil Prices Surge as Hormuz Disruption Sparks Record Supply Shock
Brent crude surged past $112 a barrel as the International Energy Agency warned of a historic supply shock due to constrained Strait of Hormuz shipments. Traders are bracing for prolonged disruptions ahead of a key OPEC+ meeting.
Oil Surges as Supply Fears Outweigh Iran Deal Optimism
Oil prices rallied sharply Friday, with Brent crude rising above $111 and U.S. West Texas Intermediate nearing $99, as skepticism over Iran talks and a critical supply choke point kept markets tense.
Market Volatility Spikes as Middle East Tensions Fuel Oil, Inflation Fears
Wall Street's volatility index surged toward 30 as escalating Middle East tensions pushed oil prices higher, rattling equities and boosting inflation concerns. The Nasdaq entered correction territory while traditional safe havens failed to attract bids.
Oil Tops $105 on Iran Tensions, Strains Global Markets
Oil prices surged past $105 a barrel as Iran tensions escalated, dragging down global equities and pushing U.S. gasoline toward $4 a gallon. The Strait of Hormuz remains a critical supply risk.
European Gas Prices Retreat Amid Qatar Supply Shock, Storage Concerns Mount
European natural gas benchmarks declined Tuesday but stayed well above last month's levels after QatarEnergy invoked force majeure on LNG contracts, reducing export capacity. Storage levels are low, with Shell cautioning about possible supply shortfalls.
BP Shares Slide as Crude Plunge Erases Refinery Sale Gains
BP shares declined 4.2% in London trading after Brent crude prices fell 10.9% to $99.94 per barrel. The drop offset recent gains driven by the company's refinery sale and cost-cutting initiatives.
Crude Oil Tumbles on De-escalation Hopes, Equities Rally
Oil prices dropped sharply as the U.S. delayed military action against Iran, easing immediate supply fears. Major equity indices rebounded strongly.
Brent Crude Surges to Multi-Year High on Middle East Supply Disruptions
Oil prices closed the week at a nearly four-year peak as escalating Middle East conflicts and Iraq's force majeure declaration on oilfields intensified supply fears. Brent crude settled at $112.19 per barrel.
Brent Crude Surges to $112 on Iraq Force Majeure, Hormuz Tensions
Brent crude oil settled at $112.19 per barrel, its highest level since July 2022, after Iraq invoked force majeure on foreign-operated fields amid escalating regional tensions. The S&P 500 energy sector rose 2.8% as global equities fell on supply shock concerns.
European Gas Prices Soar on Qatar LNG Outage, Inflation Fears Mount
European natural gas prices surged to their highest level since early 2023 after an attack on Qatar's LNG infrastructure knocked out a significant portion of global export capacity, threatening supplies to Europe and Asia and prompting central bank inflation warnings.