Sunday, January 19, 2025
Shell and TotalEnergies profits slump as oil and gas prices cool- oil and gas 360

Shell and TotalEnergies profits slump as oil and gas prices cool

Nasdaq LONDON/PARIS – Shell SHEL.L and TotalEnergies TTEF.PA reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened.   Oil and gas prices soared last year in the wake of Russia’s invasion of Ukraine but energy prices have dropped sharply this year as fears of shortages eased amid global economic challenges.

Biden administration fails to include oil, natural gas industry at methane summit, energy trade groups say- oil and gas 360

Biden administration fails to include oil, natural gas industry at methane summit, energy trade groups say

World Oil (WO) – The American Petroleum Institute (API) and the Energy Workforce & Technology Council released statements after the Biden Administration failed to include representatives from the natural gas and oil industry in today’s White House Methane Summit. “Tackling a challenge of this scale requires not just will and words, but action. We are disappointed that the industries driving

US Supreme Court removes obstacle to Mountain Valley Pipeline- oil and gas 360

US Supreme Court removes obstacle to Mountain Valley Pipeline

Nasdaq WASHINGTON – The U.S. Supreme Court on Thursday removed an obstacle to completing the long-delayed Mountain Valley Pipeline, dealing a blow to environmental groups opposed to the West Virginia-to-Virginia pipeline led by energy company Equitrans Midstream ETRN.N. The justices granted Mountain Valley Pipeline LLC’s request to lift stays imposed by a lower court that had halted construction of a final short section of the

Oil ignores Fed hike as WTI hits $80- oil and gas 360

Oil ignores Fed hike as WTI hits $80

Oil Price Oil prices had already forgotten about Wednesday’s rate hike by Thursday morning, with WTI hitting $80 per barrel just before noon ET. WTI was trading at $80 per barrel on Thursday morning at 11:52 a.m. ET, up $1.22 per barrel, or 1.54% on the day. Prices haven’t been this high since mid-April. Analysts had long warned speculators that the

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 16 Bcf

Natural Gas Inventories as of July 21, 2023 The EIA has released its natural gas inventory report, showing a net increase of 16 Bcf as of July 21, 2023. Working gas in storage was 2,987 Bcf as of Friday, July 21, 2023, according to EIA estimates. This represents a net increase of 16 Bcf from the previous week. Stocks were