Money markets indicate that the Federal Reserve will start cutting interest rates in September, following a continued slowdown in US inflation.
Wall Street’s record-breaking rally continues as stocks edge higher
Most U.S. stocks are trending higher this afternoon, pushing Wall Street toward new records.
BP to incur a $2 billion loss on an aging refinery due to declining fuel sales
BP is set to face a potential $2 billion (£1.6 billion) impact from its ageing refining operations in Germany, compounded by weak oil trading that has affected its second-quarter earnings.
Shell to incur $1bn loss after stopping work on biofuels plant
Shell anticipates a financial impact of up to $2 billion (£1.6 billion) after pausing construction on one of Europe’s largest planned biofuel plants and selling a refinery in Singapore.
Labour’s policies could spell the end for the North Sea industry.
David Latin is running out of patience. As the chairman of Serica Energy, with over 30 years in the oil and gas industry, including managing drilling operations in war zones,
US drillers have reduced the number of oil and gas rigs to the lowest level since January 2022, according to Baker Hughes.
This week, U.S. energy firms reduced the number of operating oil and natural gas rigs to the lowest level since January 2022, according to a closely followed report by energy
Despite the projected “major surplus” of oil by the end of the 2030s, oil prices have rallied.
Oil prices have rallied this morning despite the International Energy Agency’s warning of a “major surplus” of the commodity by the end of the 2030s.
Shell and Exxon to Sell £390 Million Worth of North Sea Gas Fields in Exit Strategy
Oil Giants Conclude 60-Year Venture in the British Oil Basin
Nasdaq reaches 17,000 as AI boom drives growth
The Nasdaq surged past the 17,000 mark for the first time on Tuesday, driven by a record high from AI favourite Nvidia. Attention is now turning to key inflation data
US stock markets climb, despite concerns over interest rates.
Today, European and Asian stock markets experienced declines following Wall Street’s losses on Thursday, exacerbated by unexpectedly strong US data that heightened fears the Federal Reserve might not cut interest
At a contentious AGM, a fifth of Shell’s investors challenge the company’s climate policy.
At Shell’s tense annual general meeting held in London today, more than a fifth of the shareholders voted against the company’s climate strategy.
Dow Jones hits a new record high of 40,000 this afternoon
The Dow Jones Industrial Average reached a new high of 40,000 this afternoon, marking a significant achievement for the index that monitors 30 leading American companies.