Company
Shell plc is a British multinational energy company and one of the world's largest oil and gas producers, spanning exploration, refining, and retail fuel.
International Energy Agency says the global diesel shortage will stretch into 2027 despite planned sanctions easing and stockpile releases. Heavy diesel users face high costs into next year while refiners expect record profits.
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Saudi Arabia kept its World Energy Congress running in Riyadh after Houthi strikes that closed the airport killed 13 and injured over 300. Operators with Gulf travel or freight exposure have a closed airport to plan around and a wider closure to price.
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BP told markets on Tuesday that its third-quarter update will include a post-tax impairment charge of $3bn to $4.5bn. City AM ties the charge to investor pressure, but the wording BP gave points only to its transition assets.
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Hurricane Isaias shut in almost two-thirds of U.S. Gulf oil output by Thursday night, Heatmap reported, up from about a quarter that morning in NBC's count. For fuel buyers the storm's refinery risk runs for days, inside a refining shortage GasBuddy's Patrick De Haan puts at three to six months.
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Brent crude rose more than 5% to over $105 a barrel Thursday as President Trump weighed renewed large-scale strikes on Iran. For operators, the decision sets how far costs climb from here, since diesel and freight had been rising for months before it.
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Equinor may shun further UK investment if Rosebank, thought to hold up to 500 million barrels, and Jackdaw are refused, Equinor boss Anders Opedal said. The pending ministerial ruling is now also a test of whether a British consent holds once granted, though Opedal still expects both fields to be approved.
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Shell forecast a refining margin of $42 a barrel for July to September, almost double the $24 of the prior quarter and above 2022's high of about $28. The gain came from fuel prices outrunning crude, so diesel buyers now carry refinery risk on top of oil risk.
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Environment Agency reports say Stanlow refinery, which makes about 18% of UK road fuel, broke its permit 58 times across 2023 and 2024. The agency is now investigating breaches that came after the 2018-20 offences operator EET Fuels pleaded guilty to this year.
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Petrobras is testing the Cardano blockchain in two research projects that track emissions claims on sustainable jet fuel and renewable diesel. With no fuel volumes or timeline attached, the test cannot yet be sized against Shell's Avelia registry, credited with more than 84 million gallons since 2022.
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Shell says it is investigating after Clop claimed 89GB of engineering data. It is one of 43 names the gang tied to a single flaw in internet-exposed PTC Windchill and FlexPLM.
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The US national average hit a record $6.505 a gallon on September 21, about 50 cents above where it sat ten days earlier, with inventories 13% under the five-year average as harvest demand arrives.
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Fortune's fourth Europe 500 counts a record $15.5 trillion of combined revenue at a 6.5% margin, down from 7.1% two years ago, with two fifths of the profit sitting in 105 finance companies. Part of this year's rebound came from oil.
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Venezuela's new petroleum minister pitched 916 exploration opportunities and 192 trillion cubic feet of gas. The names on paper so far are Hunt Oil and SLB.
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