ENR

Shell reports drop in profit to $9.45 billion, hikes dividend

Shell reports drop in profit to $9.45 billion, hikes dividend

Shell to boost dividend by 15% Announces plans to buy further $4 billion in shares Profit hit by weak LNG trading and refining LONDON, Oct 27 (Reuters) – Shell (SHEL.L) on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said …

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World is in its 'first truly global energy crisis' - IEA's Birol

World is in its ‘first truly global energy crisis’ – IEA’s Birol

SINGAPORE, Oct 25 (Reuters) – Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis”, the head of the International Energy Agency (IEA ) said on Tuesday. Rising imports of LNG to Europe amid the Ukraine crisis …

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Dollar absorbs suspected yen intervention, China data mixed

Dollar absorbs suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 Dollar buffeted vs yen by suspected BOJ intervention Shares pare early gains as China markets ease China GDP beats forecasts but retail sales disappoint Stg flat as Boris Johnson bows out of PM race SYDNEY, Oct 24 (Reuters) – The US dollar weathered another suspected blast of Japanese intervention to push higher on the …

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Biden awards $2.8 billion to boost US minerals output for EV batteries

Biden awards $2.8 billion to boost US minerals output for EV batteries

WASHINGTON, Oct 19 (Reuters) – The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost US production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China. Albemarle Corp (ALB.N) is among the 20 manufacturing and processing …

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Biden to announce emergency oil sales to prevent price spikes

Biden to announce emergency oil sales to prevent price spikes

WASHINGTON, Oct 18 (Reuters) – US President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation’s emergency oil reserve by year’s end and detail a strategy to refill the stockpile when prices drop, administration officials said. The plan is intended to add enough supply …

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Dozens of LNG-laden ships queue off Europe's coasts unable to unload

Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

LONDON/MADRID, Oct 17 (Reuters) – Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply squeeze as Russia …

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US could sell oil from emergency reserve this week - sources

US could sell oil from emergency reserve this week – sources

WASHINGTON, Oct 17 (Reuters) – The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month’s congressional elections, three sources familiar with the matter said on Monday. President Joe Biden’s announcement is expected this week as part of the response to Russia’s war on …

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Asia shares ease, major test looms for UK bonds

Asia shares ease, major test looms for UK bonds

https://tmsnrt.rs/2zpUAr4 Nikkei down 1.4%, S&P 500 edges up after slide Focus on gilts as BoE ends buying, Truss future in doubt Dollar near 149 yen, market wary of intervention SYDNEY, Oct 17 (Reuters) – Asian share markets slipped on Monday following another drubbing for Wall Street as investors braced for a further drastic tightening in …

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Stocks ease as Ukraine attacks and rate outlook spark flight to havens

Stocks ease as Ukraine attacks and rate outlook spark flight to havens

MSCI global index drops for a fourth day Russian bombings across Ukraine fuel nervousness Markets braced for high core US CPI, earnings season LONDON, Oct 10 (Reuters) – Global shares dropped on Monday after Russian missiles pounded cities across Ukraine and as renewed concern about the economic outlook sent investors into safe-haven assets such as …

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