Page 198 - Shell Plc News Today

President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity as the s

By Julia Payne LONDON (Reuters) - Saudi Aramco is planning to merge two energy trading units, people familiar with the matter said, with Aramco Tradin...

Country has been pushed into a corner after some suppliers defaulted but continue to sell to EU market, says report

Biden wrote to executives from Marathon Petroleum Corp., Valero Energy Corp. and Exxon Mobil Corp. and complained they had cut back on oil refining to pad their profits, according to a copy of the letter seen by Reuters.

Europe's campaign to quit Russian fuel is designed to punish Moscow for its invasion of Ukraine. It's also wreaking havoc thousands of miles away from the conflict, plunging Pakistan into darkness.

More deals are seen as likely as local producers sit on cash hoards from $100-plus oil prices.

Power outages across South and Southeast Asia are linked to policies enacted thousands of miles away

Investegate announcements from Shell plc, Transaction in Own Shares

TotalEnergies SE became the first foreign company to win a stake in a multibillion-dollar project to boost Qatar’s gas exports.

TotalEnergies already holds a 16.7% stake in the fifth train of Qatargas 2.