Latest News

Sanctioned Russian’s Family Sells $6 Billion Stake in Gold Miner

0

Reuters

Shell blames oil, gas margin calls for billions in cash outflows

Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the first company to publicly acknowledge the pressure commodities traders have faced in 2022 from extreme price rises and volatility. Shell, together with other majors, utility companies, trading houses and banks, signed a letter in March urging governments and financial institutions such as central banks to set up an emergency liquidity mechanism to help energy markets cope with the extreme volatility caused by Russia’s invasion of Ukraine.

Levi Strauss earnings top estimates as shoppers buy jeans at higher prices

Previous article

The Fed’s Moving Castle, Uber’s Delivery Service, JetBlue’s Spirited Away

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News