One of the world's biggest oil companies says the pain may last into 2027.
Shell Plc Chief Executive Officer Wael Sawan said oil and liquefied natural gas shortages caused by the Strait of Hormuz blockade could continue for months and potentially into next year.
Shell Chief Executive Officer Wael Sawan joins Francine Lacqua to discuss the oil major's controversial strategy around the energy transition, and fostering a culture that shifts from “all-knowing” to ...
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Shell's CEO says the oil market is short 1 billion barrels and getting worse. Here's what investors should do now.
The world has lost about 1 billion barrels of supply this year due to the war with Iran. That shortfall will continue to grow. It suggests oil prices will remain high for the rest of this year. 10 ...
Shell shareholders knocked back a climate activist resolution at Tuesday's annual general meeting, in a resounding show of support for CEO Wael Sawan and Chairman Andrew Mackenzie.
Shell Plc agreed to buy Canadian producer ARC Resources Ltd. for $13.6 billion, its biggest deal in more than a decade as it seeks to bolster oil and gas reserves. Most Read from BloombergThe ...
The global oil market has faced a supply shock of high magnitude. Gas prices have spiked, and ordinary drivers feel it every time they pull up to the pump. That memory is worth keeping in mind as ...
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