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Oil Producer
Shell earns $1bn per year in US oil trading according to court documents
Shell's oil trading activities in the United States generate about $1 billion per year, according to court documents that provide a rare glimpse into Shell's secrecy trading division.
A former Shell employee revealed the figure in court…
Petrofac’s shares to be suspended due to delayed annual results
Petrofac is under increasing pressure after it announced that it would miss the next bond payment, and delayed its release of annual results.
The shares of the oilfield service group, which has been struggling with cashflow, plunged…
Middle East conflict risks sharp rise in oil prices, says IMF
The International Monetary Fund warned that an escalating Middle East war could lead to higher oil costs, a reversal in the recent drop in inflation, and a dampening of the optimism on the financial markets.
The Washington-based IMF has…
Shell’s exit from the FTSE could cause a dam to break
City nerves jangle when FTSE giant feels unvalued
Net zero is still decades away, but we have spent endless hours imagining what a world would be like without oil.
London's stock exchange bosses, on the other hand, face a more…
As the Middle East crisis intensifies, drivers will face a rise in petrol prices
The escalating Middle East crisis threatens to push oil prices to close to $100 per barrel.
The RAC has warned that the price of petrol could reach £1.50 a litre if Iran’s attack on Israel causes crude to rise. Oil prices have already…
Former chief executive says Shell is’massively underestimated’ in London
Former Shell head says oil giant is "massively underestimated" in London, and could benefit from moving its listing to US. This is another blow for the UK stock exchange.
Ben van Beurden who was responsible for Shell's shift from The…
Why the death in North Sea oil will be a disaster for Britain
The UK is now dangerously exposed after squandering its most valuable asset.
A massive, deserted oil platform lies abandoned in the North Sea. Brent Charlie is the final remnant of the Brent Field - once a huge resource that supplied a…
Stocks tumble and oil reaches $90 as Middle East tensions shake markets
As tensions in the Middle East escalated, oil prices rose to above $90 per barrel. US stocks also fell.
Brent crude and futures both rose by 1.5 percent on Thursday, reaching $90.65 per barrel. This is the highest price since October.…
Exploring Pantheon Resources PLC Post-AGM Investor Presentation Highlights
On January 24th 2024 Pantheon Resources PLC held a post-AGM investor presentation, providing insights into their ongoing projects and future plans. Here's a breakdown of some key highlights from the discussion points
Pantheon Resources: The Rising Star in Alaska’s Oil Landscape – An Investment Analysis
Discover the investment potential of Pantheon Resources as driven by their expansive Alaska North Slope oil projects. Proactive’s research analyst Manos Halicioglu provides an in-depth insight and a valuation perspective on this burgeoning…