Oil majors trim everything but dividends» Read More
LONDON/ HOUSTON, Nov 1- The world's top oil and gas companies are struggling to improve output and failing to capture the full value of a resilient price for crude oil while weak gas prices in the United States take their toll.
A system to limit gasoline purchases should be considered to curb long lines at service stations for future natural disasters, former Shell Oil CEO John Hofmeister said Thrusday on CNBC.
LONDON, Nov 1- European shares rose on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro was flat as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.
Power outages at hundreds of gas stations and a distribution bottleneck due to flooding damage and power loss has caused a gasoline shortage in the New York metropolitan area that may not be cleared up for at least a week, according to industry experts.
*Jobless claims, rescheduled ADP report on tap. NEW YORK, Nov 1- U.S. stock index futures were little changed on Thursday as investors looked ahead to data that could give a clue into the strength of the economy a day before the crucial payroll report.
BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).
LONDON, Nov 1- Europe's top oil company Royal Dutch Shell is seeing signs of a weak European economy ``all around us,'' the company's finance director Simon Henry said during a third-quarter results conference call on Thursday.
LONDON, Nov 1- World No. 2 oil company Royal Dutch Shell, seen as having some of the best output growth assets in the business, joined its peers in suffering lower production in the third quarter.
*China official manufacturing PMI, HSBC final PMI pick up. LONDON, Nov 1- European shares opened higher on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro inched lower as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.
LONDON, Nov 1- European shares edged up on Thursday, bolstered by a string of upbeat earnings reports from UK companies including heavyweight oil major Royal Dutch Shell. Trading volumes were expected, however, to be thin due to public holidays in France, Italy, Spain and parts of Germany.
LONDON, Nov 1- World No. 2 oil company Royal Dutch Shell suffered a 15 percent fall in current cost of supply profits in the third quarter as the impact of lower crude prices, a fall in output and special charges outweighed stronger margins in refining.
LONDON, Nov 1- World No. 2 oil company Royal Dutch/Shell suffered a 15 percent fall in current cost of supply profits in the third quarter as the impact of lower crude prices and charges outweighed stronger margins in refining. Shell reported CCS net profit of $6.1 billion, down from $7.2 billion a year ago.
Companies such as environmental cleanup specialist Clean Harbors Inc, building supply chains Home Depot Inc and Lowe's Cos Inc, building products makers Owens Corning and Beacon Roofing Supply Inc, and generator manufacturer Generac Holdings Inc surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
*Supply rises by 60,000 bpd, led by Iraq, Angola, Libya. LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.
Wall Street and two major airports reopened, and National Guardsmen rushed to rescue flood victims as the Northeast limped into recovery mode Wednesday, two days after being pummeled by epic Hurricane Sandy.
LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya offset a further decline in Iran to its lowest in two decades and disruptions in Nigeria, a Reuters survey found on Wednesday.
Gasoline futures jumped as East Coast consumers—already stressed by Superstorm Sandy—joined long lines at the pump to fill up cars and gas cans to fuel home generators, causing shortages in some areas.
ANCHORAGE, Alaska-- Royal Dutch Shell PLC has concluded drilling for the season in the Arctic Ocean off Alaska's northwest and north coast. Shell Alaska spokesman Curtis Smith says the company completed one top hole in both the Chukchi and Beaufort seas. Top holes are the foundation of an exploratory well.
LONDON, Oct 30- British oil group BP Plc raised its dividend on Tuesday, confident it can fight back from a devastating U.S. oil spill with a big pile of cash, a rejigged business in Russia and a focus on exploration and production.
LONDON, Oct 30- British oil group BP Plc raised its dividend on Tuesday, confident it can bounce back from a devastating U.S. oil spill with a rejigged business in Russia and a focus on exploration and oil production over fuel refining and gas.