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30.10.25 - 10:12
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Shell′s profits surpass $43bn after production hits new highs in Brazil and Gulf of Mexico (The Guardian)
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Fossil fuel firm plans to buy back shares for 16th consecutive quarter, as protesters say Shell's profits are 'horror show'Profits at Shell have climbed to more than $43bn for the year so far after fossil fuel production in the Gulf of Mexico reached a 20-year high and production in Brazil set a new record.The oil company reported better than expected earnings of $5.4bn for the third quarter, a 27% increase on the $4.3bn in the previous three-month period – but lower than the $6bn recorded over the same period a year earlier. Continue reading......
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08.09.25 - 12:01
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Bell: Expect Oil Prices to Remain Around $65/B in 2025 (Bloomberg)
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OPEC+ has announced an agreement for a modest production boost in October, defying warnings from Wall Steet. The alliance hopes that a further increase in sales volumes will offset any hit to revenues from lower prices. Edward Bell, Acting Group Head of Research & Chief Economist at Emirates NBD told Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche higher oil output will help support GCC headline GDP growth. (Source: Bloomberg)...
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08.08.25 - 21:15
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In Major U-Turn, Mexico Approves Fracking To Reverse Sagging Oil And Gas Production (ZeroHedge)
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In Major U-Turn, Mexico Approves Fracking To Reverse Sagging Oil And Gas Production
By Tsvetana Paraskova of OilPrice.com
In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking.
Petroleos Mexicanos, or Pemex, the world's most indebted energy firm, has seen declines in its output in recent years as old shallow-water conventional fields mature.
Now the government and its state-controlled energy giant want to revitalize production via fracking, Reuters reports, citing the revitalization plan.
In the late 2010s, then-President Enrique Peña Nieto sought to open shale basins, including the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies.
However, Peña Nieto's successor, Andrés Manuel López Obrador, cancelled the contracts. Former president Lopez Obrador ruled out fracking during his...
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06.06.25 - 04:18
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US Energy Strategy Hinges On Mexico (ZeroHedge)
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US Energy Strategy Hinges On Mexico
Authored by Haley Zaremba via OilPrice.com,
The United States and Mexico have a vital energy trade relationship, with U.S. natural gas exports to Mexico increasing dramatically in recent decades, creating a high level of economic interdependence.
Experts argue that the energy trade between the U.S. and Mexico is so crucial for both nations' economies that it may be largely shielded from tariff threats, which are possibly being used for diplomatic leverage.
The U.S. strategy of near-shoring its energy supply chains heavily involves Mexico, making the maintenance of good relations between the two countries' leaders essential for both nations' economic and energy goals.
Tariff whiplash under the Trump administration has raised a lot of concerns about the United States' relationship with its first- and second-largest trading partners, Canada and Mexico. This is especially true for energy trade, which all members of the United States-Mexico-Canad...
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20.04.25 - 17:30
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In The Holiday Shortened Easter Week, These Large-Cap Stock Were Top Performers (Apr 14-Apr 18): Are These In Your Portfolio? (Benzinga)
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Top performers last week: ServiceTitan, Summit Therapeutics, YPF, Eli Lilly, MicroStrategy, America Movil, Ericsson, Insmed, Diamondback, Neurocrine Biosciences.
read more...
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