Iran, Shell and crude oil
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Shell CEO Wael Sawan said energy security is about more than responding to today's geopolitical tensions. The focus, he said, also needs to be on creating resilient systems for the decades ahead. At the WSJ CEO Council Summit in London,
LONDON: The blockade of the Strait of Hormuz has led to global energy disruptions “never seen before”, the chief executive of British oil giant Shell said Wednesday. More than 10 percent of global oil production has been removed from the market since the start of the Middle East war,
The global oil market has faced a supply shock of high magnitude. Gas prices have spiked, and ordinary drivers feel it every time they pull up to the pump. That memory is worth keeping in mind as Shell (SHEL) CEO Wael Sawan stepped in front of a Bloomberg ...
Shell CEO Wael Sawan said countries need to be purposeful about building resilient energy systems that can withstand geopolitical shocks and have the "ability to withstand significant failure." He said energy is central to national security,
The oil market hopes the U.S. and Iran will strike a deal that could reopen the Strait of Hormuz and restore energy shipments.
The world consumes roughly 100 million barrels of oil every day. For the past several months, a significant portion of that supply has simply not been produced. The gap is not closing. And one of the most senior executives in global energy just said so on ...
LONDON (AP) — The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels. In an interview with the BBC released Thursday, Shell CEO Wael ...
Britain's Shell on Thursday reported better-than-expected second-quarter profit and maintained the pace of its shareholder returns, despite the impact of lower global oil and gas prices. The energy giant posted adjusted earnings of $4.26 billion for the ...
High energy costs are squeezing grain and soybean growers across the U.S. farm belt, as the Iran war chokes fuel supplies through the Strait of Hormuz and pushes diesel prices to record highs in key agricultural states.