Latest news
Shell considers buying Israeli and Cyprus gas, Mediterranean region to become major gas hub
Royal Dutch Shell Plc is planning to introduce Israeli and Cyprus gas to the market, a move that could transform the Mediterranean area into a leading gas-producing region.
read more... 22/08/2017
Shell puts forward plans for the development of South Azadegan and Yadavaran oil fields
Succeeding the signing of the Memorandum of Understanding in December last year, Shell advanced its plans for the construction of the South Azadegan and Yadavaran oilfields.
read more... 03/08/2017
Shell’s largest European refinery shuts down after fire
After fire broke out at one of its biggest refineries in Europe, Shell said they will temporarily shut it down.
read more... 01/08/2017
Daily (28.07.2017): Brent prices soared to 2-month high on Thursday - $51.49 a barrel
Oil prices continued to rise on Thursday with support from a huge slide in U.S. crude inventories. Kuwait, UAE and Saudi Arabia, fellow members of the OPEC, have also promised export cuts. U.S. fuel exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the profit margins of U.S. refiners. Also, Europe's major energy firms are turning a corner after a 3-year slump, Royal Dutch Shell, France's Total and Norway's Statoil reported sharp rises in cash flow from second quarter operations. Brent crude jumped by 1% to $51.49 a barrel, while WTI price jumped by 0.8% to close at $48.75 a barrel.
read more... 28/07/2017
Daily (27.07.2017): UK wholesale gas prices jumped by 5.37% on Wednesday
Oil prices continued to rose on Wednesday. The U.S. crude stockpiles fell sharply last week as refineries boosted output. Nigerian output slipped this week as leaks forced Shell to shut oil exporting pipeline. long-awaited oil market rebalancing is underway. Venezuela, an OPEC member, faces deepening economic woes and protests, the US plans to impose financial sanctions to halt dollar payments for the Venezuelan oil. Brent edged up by 1.53% to $50.97 a barrel, while WTI price jumped by 1.8% to close at $48.75 a barrel.
read more... 27/07/2017