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Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

London Stock Exchange
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Share Price: 2,772.50
Bid: 2,772.00
Ask: 2,772.50
Change: 12.00 (0.43%)
Spread: 0.50 (0.018%)
Open: 2,760.50
High: 2,777.50
Low: 2,752.50
Prev. Close: 2,760.50
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Kazakhstan raises oil and gas condensate output 7% in 2023

Tue, 09th Jan 2024 13:09

Kazakh oil output up to 1.57 mln bpd in Dec, above OPEC+ quota

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Production plans in Kazakhstan were at 90.5 mln T

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Kazakh oil production beset by rough weather, maintenance

By Alla Afanasyeva

MOSCOW, Jan 9 (Reuters) - Kazakhstan increased its crude oil and gas condensate production by 7% in 2023 to 89.9 million metric tons (1.8 million barrels per day), slightly below a planned 90.5 million tons, Reuters calculations based on official data showed on Tuesday.

In December, daily output rose by 3% to 1.83 million barrels per day (bpd) from November. Kazakhstan's energy ministry did not respond to a request for comment.

The country's oil production has been beset by weather-related disruptions to exports via the Black Sea and maintenance at its key oilfields.

Crude oil output excluding gas condensate, a type of light oil, rose by 3% on a monthly basis in December to 1.57 million bpd, above the 1.55 million bpd quota set by a deal between countries at the OPEC+ group of leading global oil producers.

According to Reuters calculations, based on industry sources and official data, oil production at the Chevron-led venture developing the Tengiz oilfield edged down 1% last year to 630,100 bpd.

Output at the Kashagan offshore field - developed by Kazakh state firm KazMunayGaz, Shell, TotalEnergies , Eni, ExxonMobil, CNPC, and Inpex - jumped by 48% to 407,400 bpd.

Kashagan, which is considered to be the most important oil find since the discovery of Prudhoe Bay in Alaska in the 1960s, has been cranking oil output broadly in line with the recent plans.

Production at the Karachaganak field increased by 7% to 259,770 bpd.

About 80% of Kazakh oil exports are piped through the Caspian Pipeline Consortium's Black Sea terminal, with additional volumes going through another Russian pipeline. Much smaller quantities are shipped to China. (Reporting by Alla Afanasyeva; writing by Vladimir Soldatkin; Editing by Kirsten Donovan and Jan Harvey)

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16 Apr 2024 22:25

Groningen gas field in Netherlands to shut down as Senate approves law

AMSTERDAM, April 16 (Reuters) - The Dutch Senate on Tuesday approved a law to permanently close the Groningen gas field, following the government's promise that production will never be resumed to limit seismic risks in the region.

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16 Apr 2024 10:00

German oil and gas output falls again in 2023

FRANKFURT, April 16 (Reuters) - Germany's domestic oil production fell 5.9% to 1.6 million metric tons in 2023 while gas output was down 10.4% at 4.3 billion cubic metres (bcm), industry association BVEG said on Tuesday.

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15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

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12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

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12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

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11 Apr 2024 18:51

AstraZeneca CEO could earn 19 million pounds as pay measure clears opposition

Policy approved with two-third of votes in favour

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11 Apr 2024 16:48

Europe Distillates-Diesel margins fall to lowest since July 2023

LONDON, April 11 (Reuters) - Northwest European diesel barge margins dropped by around 10% to $21 a barrel on Thursday, their lowest since July 2023, after a rise in regional stocks.

Trades   Bids   Offers  Previous  Seller  Buyer
Session
0.1 GO Barge April
diffs fob ARA -$29.0
per tonne 0
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo
diffs cif Med
per tonne
<GO-CND-MED>
50ppm barge May
diffs fob ARA +$2.0
per tonne 0
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge May -$2 April April Apr
diffs fob ARA to -$4 Flat -$1/+2 -$0.25-+
per tonne .00 $1
<ULSD10-BD-AR
A>
Diesel cargo 2 May Litasc Glenco
diffs cif NWE cargoes +$20.2 o re
per tonne at May 5
<ULSD10-ANYD- $12.50
NWE>
Diesel cargo Med Med
diffs cif Med +$6.0 +$0.75
per tonne 0
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel
barge
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM CCM
cargo -$4 -+2
cif NWE per
tonne
<JET-CD-NWE>

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11 Apr 2024 12:25

Caspian Pipeline Consortium resumes oil loadings after maintenance

MOSCOW, April 11 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Thursday it had completed maintenance and had resumed oil loadings from its Black Sea terminal.

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