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Energy Up With Oil Futures After Iran Strike - Energy Roundup
Shares of energy companies rose alongside oil futures. Iran's surprise missile attack on U.S. forces in Jordan showed Tehran's military leaders would rather risk ramping up the war than play defense or accept a peace deal that would expose them to…
Shell Profits Surge on Oil Market Volatility
This article is for subscribers only. Morning, I'm Louise Moon from Bloomberg UK's breaking news team, bringing you up to speed on today's top business stories. Shell's second quarter results have blown past expectations.
Big Oil Is Making Big Money During Iran War Market Turmoil
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Mitchell Ferman looks at how oil majors and traders have seen profits soar amid the war in the Middle East. A defining theme…
Saudi Economy Shrinks Most Since 2020 as War Roils Oil Exports
Saudi Arabia's economy posted its deepest quarterly contraction since the Covid-19 pandemic, driven by a sharp downturn in its critical oil industry — a stark sign of the damage the US-Iran war is wreaking on Persian Gulf nations. Gross…
Imperial Oil Ltd. stock rises Wednesday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 1.90% to C$180.96 Wednesday, in what proved to be an otherwise all-around rough trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.16% to 35,333.78. Imperial Oil Ltd.
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 2.38% to C$64.46 Wednesday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.16% to 35,333.78. Tourmaline Oil Corp.
Oil Futures Edge Lower on Possible Technical Correction
2336 GMT — Oil futures edge lower in early Asian trade on a possible technical correction after Wednesday's strong gains. However, losses may be limited by prospects of more U.S.- Iran ho hostilities that could exacerbate supply disruptions.
Shell half-year earnings soar to £12.6bn on Iran war oil price volatility
Shell has revealed a better-than-expected 70% surge in half-year earnings thanks to its best quarterly performance for fours years, despite “severe disruption” in oil and gas markets due to the Iran war. The FTSE 100 giant saw…
Shell profits double as oil prices rise due to Iran war
Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant's profits for the April-to-June period reached $9.84bn (£7.37bn) - up from $4.26bn at the same point last year.
Shell profits double as oil prices rise due to Iran war
Jennifer Meierhans Business reporter Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant's profits for the April-to-June period reached $9.84bn (£7.37bn) - up from…
Oil prices move higher as Iran threatens response to latest U.S. strikes
Bazilfoto | Istock | Getty Images Oil prices moved higher on Thursday after the U.S. launched a 'heavy wave' of strikes against Iran late Wednesday in retaliation against its missile attacks on American forces in the region, dashing hopes for…
Escalating US-Iran tensions push oil prices higher
Alex Jones, the former owner of InfoWars, on Tuesday said President Trump must be impeached over the Iran conflict, describing the situation as “absolutely out of control” and warning that the administration is preparing for a…
Vanguard Energy vs. SPDR Oil & Gas Exploration: Which ETF Suits Your Portfolio Best?
The Vanguard Energy ETF (VDE +1.93%) offers a broad, market-cap-weighted approach to the energy sector, while the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP +3.41%) provides equal-weighted exposure to upstream producers.
Oil prices volatile after 'heavy wave' of U.S. strikes - TT
Damaged structures at the site of an airstrike on a Popular Mobilization Forces base in Mosul, Iraq, on July 29. (Farid Abdulwahed/AP) Crude prices remained volatile after the U.S. said early July 30 it had conducted a “heavy wave” of…
Turkey Sees Ongoing Oil Flow From Iraq as Pipeline Talks Proceed
Turkey expects crude oil flows from Iraq to continue despite the countries' failure to replace a decades-old pipeline deal that expired on Monday, according to Turkish officials familiar with the matter. Negotiations on Tuesday between Turkish…
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