H
trending
H
HOYONEWS
HomeBusinessTechnologySportPolitics
Others
  • Food
  • Culture
  • Society
Contact
Home
Business
Technology
Sport
Politics

Food

Culture

Society

Contact
Facebook page
H
HOYONEWS

Company

business
technology
sport
politics
food
culture
society

© 2025 Hoyonews™. All Rights Reserved.
Facebook page

Shell oil trading profits soar amid Iran war but Qatar strikes hit gas output

about 3 hours ago
A picture


Shell is expected to report “significantly higher” profits from its commodity trading desks in the first quarter of this year after weeks of market volatility triggered by the Iran crisis,The surge in energy commodity markets over recent weeks is expected to drive up trading results at Shell’s chemicals and products unit, which includes its main oil trading desk,Shell’s trading windfall is expected to be particularly high in its renewable energy division,Earnings are expected to soar to between $200m (£149m) and $700m in the first quarter, from about $100m in the final quarter of last year, it predicted in a trading update on Wednesday,Europe’s biggest oil and gas producer also expects lower gas production for the first quarter, compared with the final quarter last year, because of the impact of the Middle East conflict on its assets in Qatar.

Oil and gas markets recorded historic price rises after Iran retaliated to US-Israeli aggression by throttling energy trade through the strait of Hormuz and launching a volley of strikes against key energy infrastructure across the Gulf region.These attacks included a strike that damaged Shell’s assets at the Ras Laffan liquified natural gas (LNG) complex in Qatar.The company expects its gas production to fall by about 5% to between 880,000 and 920,000 barrels of oil equivalent a day, compared with 948,000 in the fourth quarter.The loss of Qatari production, combined with the impact of cyclone Narelle on Shell’s Australian production, will be partly offset by the ramp up of production from its LNG Canada venture.Oil plunged below $100 a barrel on Wednesday after the US and Iran agreed to a two-week ceasefire, although market prices remain more than 50% higher than last year.

Iran’s government has promised that the strait of Hormuz will temporarily reopen during this period to allow oil and fuel tankers into the global market,Shell’s boss, Wael Sawan, warned last month that Europe could face a shortage of energy and fuel in April without a reopening of the strait,He told an industry conference in the US that the company was working with governments to help them address the oil and gas supply crisis, which has already led to energy rationing in Asian countries,“South Asia was first to get that brunt,That’s moved to south-east Asia, north-east Asia and then more so into Europe as we get into April,” Sawan said.

recentSee all
A picture

UK house prices fall in March amid uncertain impact of Middle East conflict

UK house prices fell in March, as the housing market lost momentum amid uncertainty over the conflict in the Middle East and the impact on the economy and interest rates.Figures from Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – showed property prices dipped by 0.5% in March compared with a month earlier. As a result, the average price of a home slipped back below £300,000, to £299,677, after first crossing the milestone in January.The pace of annual property price growth also eased to 0

about 2 hours ago
A picture

Oil prices plunge 15% to below $100, stocks surge and dollar slumps after Trump announces US-Iran ceasefire – business live

European gas prices have fallen 20% since the ceasefire was announced, after nearly six weeks of war.The European bellwether front-month gas contract on the Dutch TTF hub initially dropped to €42.50 per megawatt hour this morning, its lowest since 2 March, before rising slightly to €43.46 per megawatt hour.Iran has agreed to reopen the strait of Hormuz, through which around a fifth of the world’s gas and oil passed prior to the war, assuming there are no more strikes from the US and Israel

about 2 hours ago
A picture

The life-changing magic of wearing smartglasses | Letters

I read with sympathy the concerns of Elle Hunt in relation to privacy issues around Meta smartglasses (I wore Meta’s smartglasses for a month – and it left me feeling like a creep, 1 April). Clearly there needs to be ongoing development of technology and protocols that protect the public from ill-intentioned users. As the chief executive of a charity supporting people with a visual impairment, however, I would like to emphasise the point touched upon in your article: how transformative this technology is already proving for blind people.We are seeing significant numbers of our visually impaired staff and clients using Meta glasses in conjunction with their mobile phones to improve their ability to perform ordinary functions that most of us take for granted. A visual impairment can be disempowering and isolating

about 17 hours ago
A picture

Tell us: do you use AI chatbots to make decisions for you?

AI chatbots like ChatGPT, Gemini and Claude are now a part of everyday life.More and more people are using them to help make decisions in their lives, like sending text messages, deciding what to cook, or navigating relationships.We want to hear about your experiences of using chatbots. Are you addicted to them? And what type of decisions are you using them for?You can tell us your experiences of using chatbots using this form.Please include as much detail as possible

about 18 hours ago
A picture

From the Pocket: Music works for a showman like Charlie Cameron but fans need space between the notes

The quote “music is the space between the notes” is usually attributed to the French composer Claude Debussy. Or maybe it was Richard Strauss. Hell, maybe it was Richard Champion. Whoever it was, they were talking about savouring silence, about embracing emptiness, about avoiding anything that insists itself upon you.You don’t get a lot of Debussy at football games

about 5 hours ago
A picture

Bryson DeChambeau making his own golf clubs in quest for Masters title

Bryson DeChambeau has revealed the latest strand to his career: golf club manufacturing. The two-time major winner used pre-tournament media duties at the Masters to explain he is making his own clubs, in what marks a stark departure from elite golfers working in tandem with equipment companies.“I think it’s the willingness to always try to improve,” DeChambeau said. “There’s this nature that I have about myself where innovation is a habit of mine and I really find and take pride in that ability to learn, even through failure, even through making a bad decision or a good decision.“South Africa [at the recent LIV event] I was trying wedges

about 14 hours ago
technologySee all
A picture

‘There’s a lot of desperation’: skilled older workers turn to AI training to stay afloat

about 22 hours ago
A picture

Tech companies are cutting jobs and betting on AI. The payoff is far from guaranteed

1 day ago
A picture

An AI bot invited me to its party in Manchester. It was a pretty good night

3 days ago
A picture

Kurt Strauss obituary

5 days ago
A picture

UK’s leading AI research institute told to make ‘significant’ changes

5 days ago
A picture

Google to tap into gas plant for AI datacenter in sharp turn from climate goals

6 days ago