RT Bloomberg en Español (@BBGenEspanol)¿Quieres saber qué pasó esta semana en Latinoamérica? @AntoMufarech nos cuenta sobre el ataque con piedras a Noboa, en qué va la "telenovela" por la compra de Banamex y Shell busca crudo venezolano. https://t.co/mUOpR1t9zs ...

Core Viewpoint - Venture Global faces significant financial repercussions following a legal defeat against BP, leading to a sharp decline in its stock price [1][2][3] Group 1: Legal Dispute - Venture Global lost an arbitration case against BP, with the ruling stating that it breached a contract by selling LNG on the spot market instead of fulfilling long-term agreements [2] - The arbitration panel was convened by the International Chamber of Commerce International Court of Arbitration [2] Group 2: Financial Implications - BP is seeking over $1 billion in damages from Venture Global, with financial remedies to be determined in a separate hearing [3] - The stock price of Venture Global dropped by 24% in response to the arbitration ruling, significantly underperforming compared to the S&P 500 index's 2.3% decline [1] Group 3: Company Response - Venture Global expressed disappointment in the arbitration decision, claiming it contradicts previous findings in a similar case against Shell [4] - The company is exploring all options in response to the ruling from BP [4]

Venture Global lost a dispute with BP involving the sale of liquefied natural gas cargoes, a surprise defeat that comes eight weeks after the US LNG exporter prevailed in a similar fight with Shell https://t.co/zJ2eaLEgUa ...

Shell is preparing to resume preliminary work on a Venezuelan offshore gas field to supply neighboring Trinidad and Tobago, as its confidence grows that the Trump administration will issue a new license exempting the project from sanctions, sources say. https://t.co/BEssvhE7Qe ...

Core Insights - Sub-$70 oil prices are pressuring major oil companies, leading to potential cuts in shareholder payouts and a reevaluation of $100 billion in annual returns [1][2][3] Group 1: Financial Implications - Global oil majors are expected to reduce dividends as oil prices remain below $70 per barrel, with most needing prices above $80 to maintain current dividend levels [3] - The five leading supermajors (Chevron, ExxonMobil, BP, Shell, and TotalEnergies) plan to spend $108.5 billion on shareholder returns this year, slightly lower than the projected $112 billion for 2024, despite Brent averaging $70 per barrel this year, down from $80 in 2024 [4] Group 2: Operational Adjustments - US oil firms, including ExxonMobil and Chevron, are focusing on job cuts, with ExxonMobil announcing layoffs of 20-25% of its global workforce [4] - Chevron is reportedly seeking to divest $2 billion in pipeline assets in Colorado's Denver-Julesburg shale basin, stemming from its 2020 acquisition of Noble Energy [6] Group 3: Market Developments - Excelerate Energy has been appointed by the Iraqi government to develop the country's first floating LNG import terminal, aimed at enhancing domestic power generation [7] - ExxonMobil is in discussions to re-enter Gabon with an exploration agreement potentially covering six offshore blocks [8] Group 4: Supply Dynamics - OPEC+ has agreed to a modest output increase of 137,000 barrels per day starting in November, maintaining the same increment as in October, amid differing views among top producers [10]

Market Overview - Major U.S. index futures indicate a flat open on Tuesday, with stocks showing a lack of direction after a mostly higher previous session [1] - Traders are cautious due to the ongoing government shutdown and the absence of significant U.S. economic data [2][6] Stock Performance - Stocks moved mostly higher on Monday, with the Nasdaq and S&P 500 reaching new record closing highs; Nasdaq rose by 161.81 points (0.7%) to 22,941.67 and S&P 500 increased by 24.49 points (0.4%) to 6,740.28, while the Dow fell by 63.31 points (0.1%) to 46,694.97 [3] - Semiconductor stocks led the rally, with the Philadelphia Semiconductor index surging by 2.9% to a record closing high, driven by Advanced Micro Devices (AMD) which soared by 23.7% following a significant agreement with OpenAI [4] Commodity and Currency Markets - Crude oil futures decreased by $0.13 to $61.56 per barrel after a previous increase [7] - Gold futures rose by $11.70 to $3,988 per ounce after a prior surge [7] - The U.S. dollar traded at 159.88 yen and $1.1664 against the euro, showing fluctuations compared to previous trading sessions [7] Asian Market Insights - Asian stocks ended mixed, with Japanese markets flat despite data showing household spending rose faster than expected; the Nikkei 225 Index ended at 47,950.88 [8][9] - Australian markets declined, with the S&P/ASX 200 Index slipping 0.3% to 8,956.80 amid falling consumer confidence [10][11] European Market Developments - European shares were subdued due to a political crisis in France and weak factory orders data from Germany; German factory orders decreased by 0.8% in August [12][13] - Healthcare stocks in Europe faced declines, while British oil giant Shell rose nearly 2% after updating its outlook [14][15]

Core Viewpoint - Shell is expected to see a boost in its third-quarter earnings due to strong gas trading, higher upstream production, increased liquefaction volumes, and improved refining margins [1][2]. Group 1: Earnings Expectations - The Integrated Gas division's trading and optimization are anticipated to be "significantly higher" in Q3 compared to Q2 [2]. - Marketing adjusted earnings and trading in the chemicals and fuels divisions are also projected to increase relative to Q2 [2]. - Shell has raised its LNG volume outlook for Q3 to 7.0-7.4 million tons, up from the previous expectation of 6.7-7.3 million tons [3]. Group 2: Production and Margins - Upstream production is now estimated at 1.79–1.89 million barrels of oil equivalent per day (boepd), an increase from the earlier forecast of 1.7-1.9 million boepd [3]. - The refining margin for Shell is projected to be $11.60 per barrel for Q3, up from $8.90 per barrel in Q2 [3]. Group 3: Market Reaction - Following the update, Shell's shares rose by 2% in London, reflecting positive investor sentiment [4]. - Year-to-date, Shell's stock has gained approximately 10% despite a decline in oil prices [4].

Shell’s retail pump stations in Indonesia have run out of gasoline for the second time in less than two months https://t.co/njhxERrNbG ...

Financial Performance - Shell's oil and gas trading operation performance recovered in Q3, a positive sign for earnings [1]

Core Viewpoint - The Trump administration's decision to halt fully permitted offshore wind energy projects is seen as "very damaging" to investment in the energy sector, according to Shell US President Colette Hirstius [1][4]. Group 1: Impact on Offshore Wind Projects - The cancellation of $679 million in federal funding for 12 offshore wind projects by the Trump administration is a significant setback for the industry, which was a key focus of former President Joe Biden's climate and energy agendas [5]. - Hirstius emphasized that energy projects with proper permits should be allowed to continue, indicating a need for stability in the regulatory environment [2][4]. Group 2: Regulatory Environment and Future Outlook - Hirstius warned that the political pendulum in the US could swing back against the oil and gas sector, highlighting the uncertainty in the regulatory environment as a major concern for investment [2][4]. - The potential for regulatory changes could impact the development of energy projects, with Hirstius expressing a desire to see previously permitted projects continue to be developed [4].