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Pranav Mathur

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Articles

Duke Energy's profit beats as higher power demand offsets rising expenses

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By Pranav Mathur
| The Herald-Sun (Durham, NC) Verified
By Pranav Mathur Aug 4 (Reuters) - Utility Duke Energy beat Wall Street estimates for second-quarter profit on Tuesday, as higher electricity demand and recovery of rate-based infrastructure investments offset rising expenses. The Charlotte, North Carolina-based company posted an adjusted profit of $1.43 per share for the three months ended June 30, compared with analysts' estimates of $1.30, according to data compiled by LSEG.
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Oil prices gain as focus shifts to supply recovery and demand

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By Pranav Mathur, Emily Chow Verified
| Tacoma News Tribune Verified
SINGAPORE - Oil prices edged higher on Tuesday as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects. Brent crude futures gained 85 cents, or 1.2%, to $72.84 a barrel, while U.S. West Texas Intermediate crude rose 74 cents, or 1.1%, to $69.29 a barrel as of 0645 GMT, after settling down at around pre-Iran war levels on Monday.
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Shell to sell Gulf of America assets to Talos Energy, Ridgewood for $1.7 billion

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By Arunima Kumar Verified, Pranav Mathur, Vijay Kishore
| bbc.bm
The assets produced about 37,000 barrels of oil equivalent per day net to Shell in 2025 International News via Reuters: Shell said on Tuesday it had agreed to sell its interest in the Na Kika platform and associated fields in the Gulf of America, along with the Coulomb tieback, to subsidiaries of Talos Energy and Ridgewood Energy for $1.7 billion. The assets produced about 37,000 barrels of oil equivalent per day net to Shell in 2025.
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