Interest Rates News Results

  • Royal Dutch Shell Warns of Hurricane Hit, Expects Cash Boost from Power Prices -- Update

    Royal Dutch Shell PLC (RDS/A) said Thursday that Hurricane Ida's impact in the Gulf of Mexico hit its operations but it expects a cash boost from high global energy prices in the third quarter. The Anglo-Dutch energy giant said Hurricane Ida is expected to cause losses of around $400 million to its adjusted earnings and cash flow from operations in the third quarter. However, Shell said it expects its cash flow from Integrated Gas operations will be boosted by "large variation margin...

  • Royal Dutch Shell Warns of $400 Million Hurricane Ida Hit; Says 3Q Performance Stronger Than 2Q

    Royal Dutch Shell PLC (RDS/A) said Thursday that performance and optimization results for the third quarter of the year are expected to be above those of the prior quarter, though Hurricane Ida in the U.S. Gulf of Mexico hit its financial operations. The Anglo-Dutch energy giant, a top provider of jet fuel, said Hurricane Ida is expected to add losses of around $400 million to its adjusted earnings and clash flow from operations in the third quarter.

  • U.S. Oil Inventories Fall as Refineries Restart After Hurricane

    U.S. oil inventories fell last week and gasoline supplies climbed as refineries boosted activity following Hurricane Ida-caused outages, according to data released Wednesday by the Energy Information Administration. Benchmark U.S. oil prices that were higher before the mixed-to-bullish report came out held on to most of those gains afterward. The Nymex front-month crude contract for November delivery was recently up 1.5% at $71.56 a barrel.

  • Shell Offshore Facilities Damaged by Hurricane Ida, Will Remain Offline for 2021

    Royal Dutch Shell PLC (RDS/A) said Monday that Hurricane Ida caused significant structural damage to its West-Delta-143 offshore facilities in the Gulf of Mexico, which are set to remain offline for the rest of the year. The Anglo-Dutch energy company said that the WD-143 facilities--which it owns a 71.5% stake in, with the remainder owned by BP Exploration& Production Inc.--were damaged by the destructive Category 4 hurricane that raged from Aug. 26 to Sept. 4.. The "A" platform...

  • Hurricane Energy to Repurchase $78.0 Million of Bonds Due in 2022

    Hurricane Energy PLC (HRCXF) said Friday that it has agreed to buy back $78.0 million of its outstanding bonds maturing in 2022.. The oil-and-gas company, which had offered to purchase $230.0 million of convertible bonds, said the purchase price will be 78% of the principal amount. Chief Executive Antony Maris said Hurricane was able to buy back more than 33% of its outstanding bonds, reducing the par value of bonds held by third parties to $152 million and utilizing $62 million of net free...

  • ICE Review: Canola Up With Drought Concerns

    WINNIPEG, Manitoba--The ICE Futures canola market was stronger on Thursday, hitting its highest levels of the past week. Drought concerns across Western Canada remained supportive, with the size of the crop likely well below earlier expectations. However, actual yields remain to be seen and market participants are showing uncertainty over where prices will need to go to ration enough demand.

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