blinow61/iStock Editorial via Getty Images Shell ( SHEL ) plans to begin natural gas production by mid-2027 from the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago, the chairman of Trinidad's National Gas Company told Reuters on Thursday. Shell ( SHEL ) told National Gas Company it is seeking to produce first gas from the joint field next year and has ...
blinow61/iStock Editorial via Getty Images Shell ( SHEL ) plans to begin natural gas production by mid-2027 from the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago, the chairman of Trinidad's National Gas Company told Reuters on Thursday. Shell ( SHEL ) told National Gas Company it is seeking to produce first gas from the joint field next year and has increased the capacity of the pipeline that will transport the gas to Trinidad to 1B cf/day from the originally planned 700M cf/day, Gerald Ramdeen said. The company has been in advanced talks to participate in Loran, the Venezuelan side of the field, and could choose to develop it as a unified project alongside Manatee, whose planning on Trinidad's side has progressed in recent years. Shell ( SHEL ) told Reuters that it expects to begin production at Manatee next year, but it has not taken any final investment decision on Loran, which holds 7.3 Tcf of gas reserves, compared to Manatee's estimated reserves of 2.7 Tcf. Ramdeen also said the prospect of additional gas supplies, combined with geopolitical concerns from the Middle East war, had prompted National Gas Company to push for the restart of the first liquefaction train of the Atlantic LNG project, which was mothballed years ago. "We have told the partners that we think there is a need to restart Train 1 because of the geopolitical uncertainty and access to additional gas," Ramdeen said, adding that a final decision has not been made on the project, which is owns 45% each by Shell ( SHEL ) and BP ( BP ), while NGC holds the remaining 10%. More on Shell Shell's Earnings Still Tied To Oil, Not Growth Why Shell Is A Short-Term Trade Now (Rating Downgrade) Shell: Defensive Play In An Uncertain Energy Market
The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close. KC HRW futures were down 4 ¾ to 8 ¼ cents on the session. MPLS spring wheat was down 4 ¾...
The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close. KC HRW futures were down 4 ¾ to 8 ¼ cents on the session. MPLS spring wheat was down 4 ¾...
Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97 1/2. Soymeal futures were up $1 to $3.50 on the day, with Soy Oil futures up 28 to 39 points on...
Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97 1/2. Soymeal futures were up $1 to $3.50 on the day, with Soy Oil futures up 28 to 39 points on...
Live cattle futures posted gains of 77 cent to $1.27 at the Thursday close. Cash trade saw some light trade at $246 in the South, steady to up $1 from last week. The Thursday morning Central Stockyards Fed Cattle Exchange online auction saw $244-244.50 bids, though no sales on the...
Live cattle futures posted gains of 77 cent to $1.27 at the Thursday close. Cash trade saw some light trade at $246 in the South, steady to up $1 from last week. The Thursday morning Central Stockyards Fed Cattle Exchange online auction saw $244-244.50 bids, though no sales on the...
Lean hog futures saw front month April up 47 cents ahead of next week’s expiration, as other contracts were down 25 to 77 cents. USDA’s national base hog price was reported at $89.92 on Thursday afternoon. The CME Lean Hog Index was back up 24 cents on April 7 at...
Lean hog futures saw front month April up 47 cents ahead of next week’s expiration, as other contracts were down 25 to 77 cents. USDA’s national base hog price was reported at $89.92 on Thursday afternoon. The CME Lean Hog Index was back up 24 cents on April 7 at...
Corn futures saw losses on Thursday, with contracts down 1 ½ to 3 ¼ cents. The CmdtyView national average Cash Corn price was down 3 cents at $4.05 1/2. Crude oil was back up $4.06 on Thursday. South Korean importers purchased 136,000 MT of corn in tenders overnight, following the...
Corn futures saw losses on Thursday, with contracts down 1 ½ to 3 ¼ cents. The CmdtyView national average Cash Corn price was down 3 cents at $4.05 1/2. Crude oil was back up $4.06 on Thursday. South Korean importers purchased 136,000 MT of corn in tenders overnight, following the...
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as stocks extended their relief rally, and what's on the radar for the next session. A strong week for markets The major averages closed higher on Thursday. The S & P 500 is up 3....
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as stocks extended their relief rally, and what's on the radar for the next session. A strong week for markets The major averages closed higher on Thursday. The S & P 500 is up 3.7% since Monday. It's riding a seven-day win streak, its longest since October. The Nasdaq Composite is up 4.3% this week. It's also up seven days in a row, its best run since August 2024. The Dow gained 3.6% since Monday. Thursday's gains brought it into positive territory for the year. .SPX 5D mountain The S & P 500 in the past five days March CPI due Friday morning The much-watched inflation gauge will capture the moves in oil and other commodities since the start of the Iran war. Economists polled by Dow Jones are expecting the consumer price index rose 3.3% from a year ago. Excluding food and energy prices, they're expecting a 2.7% gain. West Texas Intermediate crude traded above $100 per barrel on Thursday, but it settled more than 3% higher at $97.87 a barrel. It's up 46% since the start of the war, while Brent is up about 33% The S & P Materials sector is the best performing group in the past month, up 3.8% S & P Energy is in second place, up 2.5% Software glitching The iShares Expanded Tech-Software Sector ETF (IGV) was one big laggard in Thursday's market, down about 4% and hitting a 52-week low. The rollout of Anthropic's latest Claude Mythos platform weighed heavily on the group. Among the big laggards today was Zscaler , down 11.3%; Rubrik , down 10.6% and Circle Internet , down 9.9% IGV 5D mountain The iShares Expanded Tech-Software Sector ETF in the past five trading days Intel's win streak Don't look now, but long-lagging Intel is riding a seven-day win streak, its longest since September 2023. The stock is up nearly 40% already in April. It closed at its hi...
As expected, anti-vaccine Health Secretary Robert F. Kennedy Jr. has significantly rewritten the charter for a federal vaccine advisory panel. The edits give him more power to appoint his like-minded allies as federal advisors, shift the panel's focus to alleged vaccine injuries and risks, and welcome fringe groups and anti-vaccine organizations to the Centers for Disease Control and Prevention. O...
As expected, anti-vaccine Health Secretary Robert F. Kennedy Jr. has significantly rewritten the charter for a federal vaccine advisory panel. The edits give him more power to appoint his like-minded allies as federal advisors, shift the panel's focus to alleged vaccine injuries and risks, and welcome fringe groups and anti-vaccine organizations to the Centers for Disease Control and Prevention. On Monday, a notice in the Federal Register indicated Kennedy renewed the charter for the CDC's Advisory Committee on Immunization Practices (ACIP), which is done every two years, with the last term having ended April 1. But instead of the usual humdrum renewal process, the notice on Monday indicated big changes were coming to the defining document of the panel, which heavily influences federal vaccine policy that, in turn, influences state requirements and insurance coverage. The new charter , published Thursday, reveals new responsibilities that redirect advisors toward topics and terms dear to anti-vaccine activists. For instance, ACIP members will now be responsible for "considering analysis of cumulative effects of vaccines and their constituent components." This wording echoes explicit goals of Kennedy's anti-vaccine allies, who aim to pin complex conditions—such as allergies, autism, and neurodevelopmental conditions—on combinations of vaccinations or common ingredients in those shots, such as aluminum adjuvants. This is a pivot from anti-vaccine activists' earlier attacks that focused on individual vaccines, such as the false, fraudulent claim that the measles vaccine is linked to autism—a claim that has been roundly debunked by dozens of high-quality studies. Read full article Comments
Strategy’s Stretch preferred stock grew from zero to $5 billion in seven months, faster than Apple’s iPhone and Google Ads, as the product pays an 11.5% yield tax-deferred with 80% retail participation. The Seven-Month Sprint Strategy launched Stretch at the...
Strategy’s Stretch preferred stock grew from zero to $5 billion in seven months, faster than Apple’s iPhone and Google Ads, as the product pays an 11.5% yield tax-deferred with 80% retail participation. The Seven-Month Sprint Strategy launched Stretch at the...
Gold steadied after three days of gains, with US President Donald Trump saying he is “optimistic” about a deal with Iran despite the continued closure of the Strait of Hormuz. Bullion was near $4,765 an ounce in early trading, having risen 2.5% over the previous three sessions. With key issues around the war in Iran unresolved, attention is turning to talks scheduled for Saturday in Islamabad, whe...
Gold steadied after three days of gains, with US President Donald Trump saying he is “optimistic” about a deal with Iran despite the continued closure of the Strait of Hormuz. Bullion was near $4,765 an ounce in early trading, having risen 2.5% over the previous three sessions. With key issues around the war in Iran unresolved, attention is turning to talks scheduled for Saturday in Islamabad, where a US delegation led by Vice President JD Vance is due to meet Iranian officials. Trump also threatened Tehran over charging fees in Hormuz as Israeli strikes in Lebanon jeopardized a fragile ceasefire. Oil rose for a second day but is on track for its biggest weekly loss since June, while stocks gained on Thursday and a gauge of the dollar fell, supporting gold that’s priced in the US currency. Since the war began, however, bullion has fallen nearly 10% as its haven appeal has been weakened by some investors’ need to cover losses elsewhere. Read More: Trump Threatens Iran Over Hormuz Tolls as Israel Strikes Lebanon The six-week war has also raised inflationary risks, making it more likely that central banks will delay cutting interest rates or even hike them. This is a headwind for non-yielding gold, which benefits when borrowing costs are lower. US consumer spending barely rose in February against a backdrop of persistent inflation even before the war began, a report from the Bureau of Economic Analysis showed on Thursday. A more updated picture of inflation is due later Friday with the March consumer price index report from the Bureau of Labor Statistics. Spot gold was little changed at $4,766.17 an ounce at 6:21 a.m. Singapore time. Silver was steady at $75.35, with platinum and palladium also flat. The Bloomberg Dollar Spot Index ended the previous session down 0.2%.
Shares of Marvell Technology (NASDAQ: MRVL) rose on Thursday, following positive analyst remarks. By the close of trading, Marvell's stock price was up nearly 5%. Image source: The Motley Fool. Continue reading
Shares of Marvell Technology (NASDAQ: MRVL) rose on Thursday, following positive analyst remarks. By the close of trading, Marvell's stock price was up nearly 5%. Image source: The Motley Fool. Continue reading
bashta/iStock via Getty Images Investment Thesis I can't say I’ve written that much about Canadian energy plays during my time here on Seeking Alpha. But I think that has been a mistake on my part as this is a space that presents some pretty compelling investment cases right now, especially Obsidian Energy ( OBE ). Its hedge book is creating some short-term speed bumps as it can’t fully make use o...
bashta/iStock via Getty Images Investment Thesis I can't say I’ve written that much about Canadian energy plays during my time here on Seeking Alpha. But I think that has been a mistake on my part as this is a space that presents some pretty compelling investment cases right now, especially Obsidian Energy ( OBE ). Its hedge book is creating some short-term speed bumps as it can’t fully make use of the rising WTI prices, but with forecasts suggesting WTI will stay elevated this year, OBE is still looking like one of the best energy plays in the market. It’s trading at a low P/E, with my model having a max ceiling of $340 million in net income once it’s fully passed all its oil hedges. I see the announced buybacks protected as well and there being more upside as the valuation corrects. I'm rating OBE a Strong Buy. A Diversified Canadian Energy Play Operations for OBE are scattered between Alberta, Willesden Green/Pembina Cardium and Viking. On a more granular level, most of the rigs are located along Peace River (Bluesky, Clearwater formations). With a combined 40 wells here, it makes up about half of the overall production. Of course, this area is for heavy crude oil, whereas the remaining sites cover light crude oil instead. Production Figures (OBE FY2025 Report) The biggest shift has been how OBE has gone from a majority of light oil to now heavy oil instead. Light crude flows like vegetable oil and requires very little work prior to refinement. Heavy crude, on the other hand, has the consistency of molasses, and it sometimes needs to be upgraded before reaching the refinery. This extra work makes it more costly to work with. It’s one of the main reasons why US companies in the Permian Basin have seen such low overall operating costs compared to other regions; the light sweet crude there requires far less work. Average Sales Price (OBE FY2025 Report) It also means that light crude sells for more, with a gap of $16.2/barrel in Q4 2025, or $20.5/barrel for the full ...