Spain s Repsol said on Thursday that first-quarter profit fell by a third - though that was less than expected - hurt by lower gas prices and a weaker performance from its refining and trading businesses.
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
Regarding Iran's response to the recent Israeli attack, Sunil K Vaswani, Executive Director of Container Shipping Lines Association, remarked that it seemed relatively muted, providing some confidence that the situation might not escalate further. However, he cautioned that any escalation could impact oil supplies and other sectors.
NGOs and activists are taking more oil and gas companies to court over their perceived failure to combat climate. Should Shell s appeal fail, this could spur their efforts.
(Bloomberg) Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives. Most Read from BloombergKim Jong Un Faces Annihilation in Most Korea War ScenariosTSMC Facilities to Resume Production Overnight After QuakeA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterApple Explores Home Robotics as Potential ‘N