TotalEnergies and Shell post exceptional profits, LNG activities diverge

TotalEnergies posts record profit of $9.9 billion Shell’s profit hits $9.45 billion Shell plans to increase its dividend LONDON/PARIS, Oct 27 (Reuters) – Europe’s two biggest energy companies Shell (SHEL.L) and TotalEnergies (TTEF.PA) reported third-quarter profits of more than $9 billion, although the gas division Liquefied Natural Gas (LNG) from Shell has struggled to take … Read more

Oil gains on weaker U.S. business activity, but Chinese demand data weighs

US business activity weakens again in October – S&P Global NEW YORK, Oct 24 (Reuters) – Oil edged higher in choppy trading on Monday as weakening U.S. business activity data dampened expectations of a more aggressive rate hike. interest, while data showing that demand from China remained lackluster in September restrained prices. Brent crude futures … Read more