The Strait of Hormuz crisis is causing significant shifts in global oil trade, with the US now exporting crude oil to Australia, a market traditionally supplied by Asia and the Middle East. This change highlights the US's role as a flexible exporter filling supply gaps in the Asia-Pacific region amid rising oil prices, which have surged due to supply risks. Despite increased exports, US refining capacity limits domestic gasoline production, and political pressure may rise if gas prices exceed $5 to $7 per gallon. Major oil companies like BP, Shell, and TotalEnergies are benefiting from higher crude prices and refining margins, while the ultimate resolution depends on reopening the Strait of Hormuz to normalize trade flows.
On May 14, 2026, Shell plc repurchased a total of 1,297,296 shares across multiple trading venues at an average price of approximately £31.44 per share. These shares are being bought back for cancellation under Shell's previously announced buy-back p...
Shell plc and Shell International Finance B.V. have published an Information Memorandum for their Multi-Currency Debt Securities Programme, which has been approved by the UK Financial Conduct Authority. This document serves as a base prospectus for i...
Shell plc released its 2025 Payments to Governments Report detailing $23.8 billion paid globally from oil, gas, and mineral extraction activities. The report covers taxes, royalties, production entitlements, and fees paid to various national and loca...
