oil

Energy

Shell Pumps Out Banner Profits Despite Iran War’s Seismic Upheaval

Photo via Ian L. Sitren/ZUMAPRESS/Newscom

The boom was thanks in large part to the rapid price swings, which sparked huge demand from big buyers such as airlines and utilities players.

2 min read

Photo via Maksim Konstantinov/ZUMA Press/Newscom

Energy

UAE Kicks OPEC to the Curb as Iran War Strains Oil Market

It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.

2 min read
Photo via Bulkin Sergey/ZUMA Press/Newscom

Energy

New BP Chief Pledges “Consistency” after Years of Anything But

The oil price shock caused by the Iran war has turbocharged BP shares, pushing them up roughly 33% so far this year.

2 min read
Photo via Gerard Bottino / SOPA Images/Sipa USA/Newscom

Energy

Energy Crisis Powers Up Big Payday for LNG Exporter Venture Global

Morgan Stanley analysts on Monday granted the US LNG exporter a rare double upgrade, changing its rating from underweight to overweight.

2 min read

Energy

Baker Hughes Undergoes an AI Makeover

Photo via Peter Bennett/Citizen of the Planet/Newscom

The company said this year that it is on track to double its data center-related orders to $3 billion in the three years through 2027.

1 min read

Energy

Energy Market Disruption From Iran Conflict Flows into Gas Pumps

Photo via Jeremy Hogan/Sipa USA/Newscom

Oil prices are surging as Iran’s counterattacks on the US and Israel curbed shipments through the Strait of Hormuz.

2 min read

Energy

Exxon and Chevron, Rivals Turned Frenemies, Face Profit Pressure-Cooker

Photo via Christopher Boswell/Newscom

Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and more.

3 min read

Photo by Getty Images via Unsplash

Energy

OPEC+ Wants to Pump Its Way Back to the Top

After roughly two straight years of production cuts to prop up falling prices, the oil cartel’s newest problem is a shrinking market share.

2 min read
Photo via Christian Charisius/dpa/picture-alliance/Newscom

International Economics

Markets Stay Relatively Calm as Fragile Ceasefire Deal Follows Missile Strikes

While the headlines screamed conflict, maneuvers by the US on Monday signaled to markets that the prevailing mood was one of compromise.

2 min read
Photo via James Thew/Newscom

Energy

Oil Prices Spike as Israel-Iran Conflict Threatens Production, Shipping

With no immediate end in sight, analysts are weighing multiple possibilities that could affect prices down the line.

2 min read

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