Thursday preview: ECB, Shell in the spotlight
3rd May 2023 18:23
(Sharecast News) - All eyes on Thursday would be on the European Central Bank as policymakers in Frankfurt met to decide on rates.
Read moreG7 Russian and Australia to keep Russian oil price cap at $60 per barrel
17th Apr 2023 13:43
(Sharecast News) - G7 countries and Australia decided to maintain the current $60 a barrel price cap for seaborne crude oil supplies from Russia.
Read moreShell reveals mixed outlook for first quarter
6th Apr 2023 07:33
(Sharecast News) - Shell shares were in the green on Thursday morning, after it took the wraps off a mixed first quarter outlook.
Read moreOil prices spike following shock Opec cut
3rd Apr 2023 08:53
(Sharecast News) - Oil prices surged on Monday after a surprise decision by Opec+ nations to voluntarily cut production.
Read moreOvo Energy plotting takeover of Shell Energy Retail - report
29th Mar 2023 11:00
(Sharecast News) - Ovo Energy is reportedly plotting a takeover of Shell's UK domestic gas and electricity business in a move that would see it reclaim the number two slot in the British market.
Read moreBP chief sees pay double to £10m
10th Mar 2023 11:34
(Sharecast News) - BP's chief executive saw his pay more than double to £10m last year, the energy giant confirmed on Friday.
Read moreFormer Shell boss sees pay soar 50%
9th Mar 2023 09:18
(Sharecast News) - Ben van Beurden, Shell's recently departed chief executive, was paid nearly £10m last year.
Read moreMorgan Stanley cuts 2023-24 Brent crude oil price forecasts
22nd Feb 2023 09:52
(Sharecast News) - Analysts at Morgan Stanley cut their price forecasts for Brent crude oil prices across 2023 and for 2024 on the back of higher-than-expected Russian exports.
Read moreSector movers: Big Oil and Banks pace losses
17th Feb 2023 15:54
(Sharecast News) - Big Oil and banks dragged on the FTSE 350 at the end of the week amid talk of a possible hard landing in the US during the back half of 2023.
Read moreBerenberg raises target price on Shell
16th Feb 2023 13:55
(Sharecast News) - Analysts at Berenberg raised their target price on energy giant Shell from 2,900.0p to 3,000.0p on Thursday, stating the group's free cash flow generation remained "attractive".
Read moreOPEC nudges up 2023 global oil demand forecast
14th Feb 2023 13:26
(Sharecast News) - The Organisation of Petroleum Exporting Countries nudged up its global oil demand forecast for 2023 on the back of the improved outlook for the world economy.
Read moreHigher gas prices drive Shell to record $39.9bn profit
2nd Feb 2023 07:02
(Sharecast News) - Oil and gas giant Shell on Thursday posted record annual profits of almost $40bn on the back of surging gas prices driven by Russia's war with Ukraine, prompting demands from UK politicians for further windfall taxes on energy producers amid the cost-of-living crisis.
Read moreOPEC+ keeps crude oil output quotas steady
1st Feb 2023 13:58
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its main producer allies decided to keep their production quotas steady.
Read moreThursday preview: BoE and ECB in focus
1st Feb 2023 13:11
(Sharecast News) - The Bank of England's monetary policy announcement was expected to be in the spotlight on Thursday.
Read moreShell to merge upstream, LNG units in restructure
30th Jan 2023 07:47
(Sharecast News) - Energy giant Shell said it was combining its oil and gas production and liquefied natural gas division as part of a restructure.
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