Monday, December 16, 2024
BP -oag360

Big Oil, investors face returns reckoning amid darkening economy

Source: Reuters LONDON (Reuters) – Darkening clouds over the global economy have led two of the world’s top oil firms to warn investors that promised growth in returns could be at risk for the first time since the 2014 oil downturn. Both BP and Royal Dutch Shell, which account for nearly 15% of the FTSE’s total dividends, signaled this week

OPEC October oil output jumps on swift Saudi recovery: Reuters survey

Source: Reuters LONDON (Reuters) – OPEC oil output has bounced in October from an eight-year low as a rapid recovery in Saudi Arabian production from attacks on oil plants more than offset losses in Ecuador and voluntary curbs under a supply pact, a Reuters survey found. The 14-member Organization of the Petroleum Exporting Countries (OPEC) has pumped 29.59 million barrels

https://www.chron.com/business/energy/article/Oil-Declines-as-China-Casts-Doubts-Over-Long-Term-14648154.php?cmpid=ffcp-oag360

Oil declines as Saudis boost output, China balks at trade truce

Source: Houston Chronicle Oil slid the most in two weeks after Saudi Arabia boosted crude output by more than a million barrels a day against the backdrop of renewed worldwide trade woes. Futures fell as much as 2.5% in New York on Thursday. The Saudis lifted daily production to about 9.8 million barrels just weeks after crippling missile attacks on

https://www.reuters.com/article/us-shell-results/shell-warns-slowing-global-economy-could-hit-25-billion-buyback-timetable-idUSKBN1XA0RU-oag360

Shell warns slowing global economy could hit $25 billion buyback timetable

Source: Reuters LONDON (Reuters) – Royal Dutch Shell warned on Thursday that uncertain economic conditions could slow its $25 billion share buyback program, the world’s largest, after its third-quarter profits easily beat expectations on strong oil and gas trading. The better-than-expected results in the face of oil prices that fell 17% year on year underscores Shell’s transformation in recent years,