Tag: Fossil Fuels

European stocks slip and U.S. equity futures pause as investors continue to absorb hawkish Fed turn

European stocks dipped on Friday, while U.S. equity futures traded mostly flat, as investors continued to absorb a hawkish turn by the Federal Reserve. Banks and energy companies led the decliners. The Stoxx Europe 600 index SXXP, -0.13%, up 0.4% so far this week, slipped 0.2%, along with the German DAX DAX, -0.26%. The French […]

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Shell mulling sale of holdings in largest U.S. oil field: reports

Royal Dutch Shell Plc is reportedly reviewing its holdings in the largest oil field in the U.S., according to reports Sunday. The potential sale could include all of Shell’s 260,000 acres in the Permian Basin, mostly in Texas, as the company RDS.A, +0.77% RDS.B, +1.14% refocuses on existing production elsewhere and transitions to lower-carbon ventures, Reuters […]

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