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Shell Posts $9.5 Bln Profit, Plans to Boost Dividend
Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Natural Gas
Shell Warns Weak Earnings From Gas Trading Could Impact Profits
Shell warned that third-quarter profits would be dented after it weathered a sharp rise in refining costs and weaker earnings from natural gas trading.
Natural Gas
How Germany’s Industrial Giants Are Preparing for Winter
Germany has managed to fill its gas reserves to 91.32% of capacity, allaying fears it could run out this winter after Russian gas flows fell sharply - but it ha…
Oil & Gas Supply
Europe’s Efforts to Shield Households From Soaring Energy Costs
Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…
Shell Forecasts Trebling of Refining Profits
Energy major Shell announces indicative refining margin for Q2 of $28.04/bbl which is a sharp increase on $10.23/bbl in Q1.
Japan
Employment in Japan’s Energy Storage Industry to Focus On Senior Positions: Report
This led to a sharp increase in the annual base salaries ranging from $15m-20m.
Crude Oil
Oil Jumps After Saudi Arabia Hikes Crude Prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.
Energy Transition
Chevron, Suncor and Other North American Energy Giants Sharply Lag European Rivals in ‘Green Transition’ Scorecard
Japanese and Thai energy concerns push North American companies out of the top 10, BloombergNEF report shows.
Net Zero Emission
Ukraine Crisis and Inflation Weigh on ESG Investment Funds
Investment flows to ethical funds fall to $75bn in Q1 amid a sharp drop in risk appetite, IIF says.
Oil Price
Oil Rises on Supply Tightness Despite "Constructive" Ukraine-Russia Talks
Oil prices climbed on Wednesday on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showe…
Wind Turbine
GE's Produces World's Largest Recyclable Wind Turbine Blade
Through its massive wind turbines and innovative offshore designs, GE continues sharpening its toolkit in a bid to built the future of sustainable energy, and a…
Solar Power Plant
India Adds 1.2 GW Open Access Solar Capacity in 2021: Mercom India
India's solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the…
Oil Price
Asian Shares Surge as Russia-Ukraine Talks Buoy Sentiment
Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned …
Crude Oil
Saudi Arabia May Raise April Crude Prices to Asia to All-Time Highs
Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April.
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