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Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

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Share Price: 2,772.00
Bid: 2,770.50
Ask: 2,771.50
Change: -0.50 (-0.02%)
Spread: 1.00 (0.036%)
Open: 2,754.00
High: 2,780.50
Low: 2,747.00
Prev. Close: 2,772.50
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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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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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10 Apr 2024 09:01

LONDON BROKER RATINGS: Exane BNP raises Shell to 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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10 Apr 2024 08:43

PRESS: Shell former head believes US listing is more beneficial

(Alliance News) - Shell PLC's former Chief Executive Ben van Beurden said he believes the company is "massively undervalued" in London.

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9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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7 Apr 2024 23:27

Shell, Aramco in final stage of Pavilion Energy talks- sources

LONDON/SINGAPORE, April 5 (Reuters) - Shell and Saudi Aramco, which are competing to buy the assets of Temasek-owned liquefied natural gas (LNG) trading firm Pavilion Energy, are now locked in price negotiations after completing the due diligence process, three sources with knowledge of the matter said.

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5 Apr 2024 17:14

Europe's STOXX 600 at two-week low in broader market decline

Euro STOXX volatility index hit highest level since Nov

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5 Apr 2024 16:55

LONDON MARKET CLOSE: US jobs growth adds to flagging hopes on Fed cuts

(Alliance News) - Stock prices in London closed firmly down on Friday, hit by concerns that the US Federal Reserve may cut interest rates later than hoped this year.

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5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawkish remarks from Federal Reserve officials, and escalating tensions in the Middle East.

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5 Apr 2024 13:41

Shell, Aramco in final stage of Pavilion Energy talks- sources

LONDON/SINGAPORE, April 5 (Reuters) - Shell and Saudi Aramco, which are competing to buy the assets of Temasek-owned liquefied natural gas (LNG) trading firm Pavilion Energy, are now locked in price negotiations after completing the due diligence process, three sources with knowledge of the matter said.

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