Lucia Kassai

1 week ago | news.bloomberglaw.com | Lucia Kassai

Shell Plc’sformer head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John Dimech alleges that even though his unit’s profits doubled in 2020, his bonus for that year was little changed after Shell unexpectedly modified pay calculations, according to the lawsuit in federal court in Texas.

1 week ago | bloomberg.com | Lucia Kassai

A logo on an oil storage silo at the Shell Plc Pernis refinery in Rotterdam, Netherlands, on Sunday, Jan. 26, 2025. Shell are due to report their fourth-quarter results on Thursday, Jan. 30. Photographer: Peter Boer/Bloomberg(Bloomberg) -- Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit.

1 week ago | financialpost.com | Lucia Kassai |David Marino

Advertisement 1The surge in oil futures spurred by the initial missile attacks in the Middle East last week triggered a wave of hedging by producers seeking to lock in the higher prices, keeping some traders up late into the night. Article content(Bloomberg) — The surge in oil futures spurred by the initial missile attacks in the Middle East last week triggered a wave of hedging by producers seeking to lock in the higher prices, keeping some traders up late into the night.

1 week ago | bloomberg.com | Lucia Kassai |David Marino

A pumpjack near Crane, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch. Photographer: Justin Hamel/Bloomberg(Bloomberg) -- The surge in oil futures spurred by the initial missile attacks in the Middle East last week triggered a wave of hedging by producers seeking to lock in the higher prices, keeping some traders up late into the night.

2 weeks ago | rigzone.com | Kevin Crowley |Lucia Kassai

US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico. Producers in the body of water - which President Donald Trump renamed the Gulf of America - will bring on 300,000 barrels of new daily output this year and a further 250,000 barrels in 2026 due to projects many years in the making, according to forecaster Wood Mackenzie Ltd.