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Oil and Gas

Shell posts $6.2 billion profit, announces $3.5 billion share buyback

by Milton Acorn
Shell posts .2 billion profit, announces .5 billion share buyback

People pump gas into their vehicles at a Shell petrol station on October 2, 2023 in Alhambra, California.  Frederic J. Brown | Afp | Getty Images British oil giant Shell on …

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Categories Science

These 10 stocks outperformed the market amid October rout

by Adrian Jhonsan
These 10 stocks outperformed the market amid October rout

Despite a downbeat month for stocks and mounting macroeconomic uncertainty, several Club names outperformed the market in October — and landed in the green. While the S & P 500 …

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Categories World

Jim Cramer’s top 10 things to watch in the stock market Tuesday

by Milton Acorn
Jim Cramer’s top 10 things to watch in the stock market Tuesday

My top 10 things to watch Tuesday, Oct. 31 1. U.S. stocks edge up in premarket trading Tuesday, with S & P 500 futures rising 0.15%. The move comes after …

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Categories Science

Oil could hit record high of $157 if Israel-Hamas war escalates: World Bank

by Milton Acorn
Oil could hit record high of 7 if Israel-Hamas war escalates: World Bank

Picture taken on May 3, 2022 shows a general view of Slovakia’s largest mineral oil refinery Slovnaft in Bratislava, Slovakia. Joe Klamar | Afp | Getty Images Record high oil …

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Categories Science

WTO chief warns Israel-Hamas war could hurt global growth

by Milton Acorn
WTO chief warns Israel-Hamas war could hurt global growth

World Trade Organization Director-General Ngozi Okonjo-Iweala opens the 2021 WTO Public Forum with a round table on Covid and trade, in Geneva, on September 28, 2021. (Photo by Fabrice COFFRINI …

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Categories Science

Peak fossil fuel demand is coming, IEA says — and China will be key

by Milton Acorn
Peak fossil fuel demand is coming, IEA says — and China will be key

A worker cutting steel pipes near a coal-powered power station in China on Nov. 12, 2021. Greg Baker | AFP | Getty Images China changed the world’s energy system — …

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Categories Science

Chevron, Exxon’s latest buys could herald a new era of oil megamergers

by Milton Acorn
Chevron, Exxon’s latest buys could herald a new era of oil megamergers

Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Energy heavyweights Chevron and Exxon Mobil announced shiny new acquisitions this month — and some industry watchers say it …

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Categories Science

Shell will cut 200 jobs in clean energy division

by Milton Acorn
Shell will cut 200 jobs in clean energy division

An employee handles a pump at a hydrogen refueling point at a Royal Dutch Shell gas station in Berlin on Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images …

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Categories Science

Why Exxon, Chevron are doubling down on fossil fuel energy

by Ev Richard
Why Exxon, Chevron are doubling down on fossil fuel energy

A Chevron gas station is shown in Austin, Texas, on Oct. 23, 2023. Brandon Bell | Getty Images News | Getty Images On Monday, Chevron announced plans to acquire oil …

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Categories Technology

U.S. to tighten sanctions on Iran crude oil, RBC’s Helima Croft says

by Milton Acorn
U.S. to tighten sanctions on Iran crude oil, RBC’s Helima Croft says

U.S. President Joe Biden’s administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic’s backing of Palestinian militant group Hamas, according to …

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Categories Science
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