|Day's range||83.05 - 83.05|
|52-week range||83.05 - 83.05|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Oil giants including Exxon Mobil (Swiss: XOM-USD.SW - news) and Royal Dutch Shell (LSE: 0LN9.L - news) risk spending more than a third of their budgets by 2025 on oil and gas projects that will not be feasible if international climate targets are to be met, a thinktank says. More than $2 trillion of planned investments in oil and gas projects by 2025 risk becoming redundant if governments stick to targets to lower carbon emissions to limit global warming to 2 degrees celsius, according to a report by the Carbon Tracker thinktank and a group of institutional investors. The report analysed the costs of oil and gas projects planned for approval by 69 companies into 2025.
BP and Reliance Industries said on Thursday they would invest $6 billion to boost India's gas output from an east coast block and expanded their tie-up to feed the South Asian nation's rising fuel and renewable energy demand. India is replacing China as the driver of fuel demand growth globally.
SINGAPORE/LONDON, June 5 (Reuters) - Saudi Arabia and key allies on Monday cut ties with Qatar, the world's top seller of liquefied natural gas (LNG), stoking concern over any supply disruptions to neighbouring countries spilling over into global gas markets. Saudi Arabia, along with the United Arab Emirates and Egypt - both highly reliant on Qatari gas via pipeline and LNG - and Bahrain said they would sever all ties including transport links with Qatar, an escalation on past diplomatic spats.