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Posts Tagged ‘The Wall Street Journal’

How to Put the Squeeze on Iran

U.S. outreach to foreign banks and to oil companies considering investing in Iran’s energy sector has reportedly convinced more than 80 banks and several major potential oil-field investors to cease all or some of their business with Iran. Among them: Germany’s two largest banks (Deutsche Bank and Commerzbank), London-based HSBC, Credit Suisse, Norwegian energy company StatoilHydro, and Royal Dutch Shell.

Crude Oil Falls 5.8% on Demand Concerns

Crude-oil futures fell on signs that a widening economic slowdown may freeze growth in petroleum demand next year.

Shell Wagers That Delays Will Pay Off

Practically speaking, therefore, it is easier for Shell to ease off in Canada during a period of uncertainty than in many other countries.

Green Ink: Peak Oil and Hunting Elephants

THE WALL STREET JOURNAL October 30, 2008, 8:00 am Posted by Keith Johnson Crude oil futures rose above $70 on the back of interest rate cuts in the U.S. and China as well as a weaker dollar, Bloomberg reports. Shell posted a 22% gain in third-quarter profit and said itsCFO will take the top job next year, both in [...]

Higher Oil Prices Lift Shell’s Net

Shell Class B shares closed at £16.70 ($27.70) Wednesday, a drop of almost a quarter from their peak in mid-May as concerns about the global economy have driven down the oil price.

Africa’s Potential to Sate World’s Oil Demand Dims

For big state-owned and private oil companies, Africa has played an outsized role. It is responsible for adding nearly a quarter of the globe’s total increase in reserves over the past decade. That has been a boon for companies such as Royal Dutch Shell PLC, Exxon MobilCorp. and Total SA, all of which have struggled to replace reserves on their books

How Washington Can Help Alaska Drill: Three years in, Shell is still waiting to recover a single barrel of oil

Two years ago, environmentalists teamed up with Alaska Natives who depend on subsistence whaling for their livelihoods and culture. They sued in federal district court in Alaska in July 2007 to stop Shell’s exploratory drilling, claiming that it could disturb the whales and interfere with traditional bowhead-whale hunts.

Oil’s Plunge Is Biggest In Dollars Since 1991

Crude-oil futures plummeted more than $10 a barrel Monday after the House voted down a plan to rescue financial markets, magnifying doubts about demand growth.