Morgan Stanley names Shell 'top pick', says sector still 'attractive'
12th Jan 2022 14:55
(Sharecast News) - Analysts at Morgan Stanley reiterated their "attractive" view on the European Oil&Gas sector, telling clients that many of the arguments that supported the sector's outperformance in 2021 remained "equally relevant" today.
Read moreOPEC+ raises oil output by 0.4m b/d, as expected
4th Jan 2022 14:35
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its main allies went ahead and raised their combined output target as planned.
Read moreOil futures slip after OPEC says it expects Covid-19 impact to be "mild"
13th Dec 2021 13:54
(Sharecast News) - The Organisation of Petroleum Exporting Countries revised its forecasts for global crude oil demand in 2021 and 2022, but said it expected the impact of the Omicron variant to be "mild".
Read moreSaudi raises crude prices for Asia in January in possible sign of confidence
6th Dec 2021 09:46
(Sharecast News) - Crude oil futures are trading on the front foot in the early going after Saudi Aramco raised its official selling prices for Asia in January.
Read moreOPEC+ to raise output, but leaves itself room for manoeuvre
2nd Dec 2021 16:00
(Sharecast News) - The Organisation of the Petroleum Exporting Countries and its allies surprised some oil traders with their decision to go ahead with their previously planned output hike in January - despite the appearance of Omicron, the new strain of Covid-19.
Read moreShell launches $1.5bn buyback from Permian sale
2nd Dec 2021 07:03
(Sharecast News) - Royal Dutch Shell has launched a $1.5bn share buyback as the first stage of returning cash to shareholders from the sale of its Permian business in the US.
Read moreRussian energy minister warns against 'hasty' decisions on oil output
29th Nov 2021 08:30
(Sharecast News) - Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.
Read moreShell to move head office to the UK, drop dual share structure
15th Nov 2021 12:16
(Sharecast News) - Royal Dutch Shell is to overhaul its complex corporate structure, including shifting its headquarters to the UK and changing its name.
Read moreUS activist investor calls for break up of Royal Dutch Shell
27th Oct 2021 18:10
(Sharecast News) - Activist US investor Daniel Loeb called for the breakup of Royal Dutch Shell.
Read moreSaudi Aramco boss warns of lack of crude oil production capacity
26th Oct 2021 08:37
(Sharecast News) - Saudi Aramco 's boss warned on Tuesday of a lack of crude oil production capacity.
Read moreBrazilian gas demand soars, stoking global energy crisis
15th Oct 2021 16:40
(Sharecast News) - The severe drought hitting Brazil has resulted in soaring demand for natural gas to generate electricity, feeding the global gas shortage.
Read moreBerenberg upgrades BP, Harbour Energy to 'buy'
15th Oct 2021 11:29
(Sharecast News) - Berenberg upgrade its stance on a host of oil and gas stocks on Friday - including BP - as it argued that share prices across the oil sector remain cheap, with further consensus upgrades to come as higher commodity prices are reflected in estimates.
Read moreMorgan Stanley hikes targets for European oil majors, highlights outlook for Shell
12th Oct 2021 11:23
(Sharecast News) - Morgan Stanley hiked its target prices for European oil majors' shares, telling clients that they were set to generate "high" levels of free cash flow, deleverage their balance sheets "fast" and in turn to increase their shareholder distributions.
Read moreEuropean natural gas futures may still be headed higher, Goldman says
8th Oct 2021 10:06
(Sharecast News) - You can take Russian officials' remarks on natural gas at face value but prices in Europe may still be headed higher before additional supplies arrive, Goldman Sachs said.
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