Page 247 - Shell Plc News Today

Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption. Brent sat at $104.54 a barrel and WTI at $102.32 at 10:11 a.m. EST, both an increase of more than $6.

The global energy market has been pitched into turmoil by Russia's invasion of Ukraine.

(Bloomberg) -- Chevron Corp. doubled its share buyback to as much as $10 billion a year, pledging that shareholders will see the benefits of high oil prices as it locks in spending at historically low levels and reduces costs.

Russia is the world's third-largest oil producer and, along with Saudi Arabia, an influential member of the OPEC + alliance.By Sharon Cho and Alex Lon

The International Energy Agency agreed to deploy 60 million barrels from stockpiles around the world.

Oil pushed higher as investors tried to figure out whether a possible release of strategic crude reserves by the U.S. and its allies could do much to...

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Oil surged as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortfall in supplies as sanctions mount on Russia.

The move, and the associated financial costs, will come as a surprise to investors on Monday.

BP Plc moved to dump its shares in oil giant Rosneft PJSC, taking a financial hit of as much as $25 billion by joining the campaign to isolate Russia’s economy.