Tag: Petroleum industry
Shell writes off up to $5 billion
Shell petrol station in London The oil company sees a write-down requirement of up to five billion dollars in the first quarter. (Photo: AP) Dusseldorf At the beginning of March,…
Energy companies should not make themselves dependent on autocrats
Coal power plant and refinery near Gelsenkirchen BP expects write-downs of up to $25 billion in view of the end of its business partnership with the Russian oil company Rosneft.…
These are the beneficiaries of the high energy prices
Shell oil tanks in Rotterdam Profits reach new highs. (Photo: IMAGO/ANP) Lausanne, Dusseldorf The energy price rally does not only produce losers. Where some pay more in view of record…
These are the beneficiaries of the high energy prices
Lausanne, Dusseldorf The energy price rally does not only produce losers. Where some pay more in view of record prices for gas, oil and coal, others take in more. Oil…
Why fuel prices stay high while oil prices fall
Dusseldorf For the first time since the highs of the past few days, prices at gas stations fell slightly on Wednesday. Nevertheless, gasoline and diesel still cost well over two…
Brent and WTI collapse more than 10 percent
oil production The German government has so far spoken out against stopping Russian oil imports. (Photo: dpa) Frankfurt Speculations on an easing of the supply bottleneck send the oil price…
War drives fuel prices to over two euros per liter
Dusseldorf At ever shorter intervals, the ADAC announces the “most expensive day of all time” at the pump. Because the records only have a short half-life. On Monday, the nationwide…
Shell restricts wholesale heating oil & diesel
Shell tanker truck The oil company restricts trade in certain products. (Photo: imago images/UJ Alexander) Dusseldorf, Zurich The oil company Shell Germany informed its major customers in a letter on…
Oil prices briefly rise 18 percent to almost $140 a barrel
new York Discussions about an import ban on Russian oil pushed the price of crude oil up to $139 a barrel at the start of trading in Asia on Monday…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
What stocks investors should watch out for
gas, oil and wind power Investors can benefit in a number of ways. Dusseldorf The war in Ukraine has had drastic consequences for the energy market: oil and gas prices…
Shell’s withdrawal from Gazprom puts pressure on German energy companies
Rosneft oil production near Nizhnevartovsk BP is putting its shares in the Russian group up for sale. (Photo: Bloomberg/Getty Images) Dusseldorf It is the largest withdrawal of a Western company…
Rosneft exit is the biggest break for BP since Deepwater Horizon
Bernard Looney The BP CEO wants to cut oil and gas production by 40 percent by 2030. (Photo: Bloomberg) London It is one of the greatest economic consequences of the…
BP sells shares in Russian Rosneft
bp The British energy company is taking a drastic step. (Photo: REUTERS) Dusseldorf On Sunday evening, the British oil giant BP made a decision that will cost it billions: the…
BP sells shares in Russian Rosneft
bp The British energy company is taking a drastic step. (Photo: REUTERS) Dusseldorf On Sunday evening, the British oil giant BP made a decision that will cost it billions: the…
Nord Stream 2: Wintershall Dea expects compensation
Wintershall deep pumps The Russian business contributed 19 percent to the company’s operating profit (Ebitda). (Photo: dpa) Dusseldorf The escalation of the Ukraine crisis is putting the oil and gas…
Saudi Arabia is transferring part of its Aramco holdings to sovereign wealth funds
An Aramco oil refinery in Saudi Arabia With the sale of the Aramco shares, the country is to be reformed. (Photo: Reuters) riad Saudi Arabia has transferred a billion-dollar stake…
High energy prices: Oil companies write billions in profits
Dusseldorf The big oil and gas companies are currently reporting one record after the other: the highest profits in seven years, a cash flow as last seen in 2008 and…
High energy prices: Oil companies write billions in profits
Dusseldorf The big oil and gas companies are currently reporting one record number after another: the highest profits in seven years, a cash flow as last seen in 2008 and…