Chevron's $11.2 bln quarterly profit soars past estimates
Chevron Corp on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S.
Recession fears stalk Europe despite surprise German growth
Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.
TotalEnergies, Shell post bumper profits, LNG business diverges
Europe's two largest energy companies Shell and TotalEnergies reported profits of more than $9 billion in the third quarter, though Shell's liquefied natural gas (LNG) division struggled to capture the benefits of high fuel prices.
European stocks cut losses as ECB hikes rate as expected
European stocks pared losses on Thursday after the European Central Bank raised interest rates by 75 basis points, matching market expectations, and signalled the need for more hikes to bring down record-high inflation.
Greening global economy brings dependence on critical minerals
Copper and aluminium are used in electricity networks, and platinum is a catalyst for hydrogen.
European stocks, pound up awaiting new British PM
European stocks and the pound climbed Monday as markets awaited confirmation that former finance minister Rishi Sunak would become Britain's new prime minister.
Just Stop Oil: do radical protests turn the public away from a cause? Here's the evidence
Another concern may be that most of the attention obtained by radical actions is not about the issue, focusing instead on what the protesters did.
Oil climbs on expectations of tight supply as Russia sanctions loom
Oil rose in early Asian trade on Monday as expectations of tighter supplies globally ahead of European Union sanctions on Russian oil underpinned prices.
Europe faces long-term pain from energy crisis: Shell CEO
Europe has desperately searched for quick alternatives to Russian gas, but van Beurden said Europe would need large amounts of LNG for decades.
Norway says 'foreign intelligence' behind drone flights
Norway's Prime Minister Jonas Gahr Store on Wednesday accused "foreign intelligence" services of being behind a recent slew of "unacceptable" drone flights in the country, indirectly pointing the finger at Russia.
BP to buy US renewable gas firm for $4.1 bn
BP will pay $3.3 billion in cash plus around $800 million in debt, while the purchase remains subject to regulatory and Archaea shareholder approvals.
UK to cap renewable energy company revenues
Liz Truss successfully campaigned to become prime minister by saying she was opposed to the idea of a tax on the profits of energy giants.
France orders some fuel staff back to work to tackle refineries strike
The French government on Wednesday ordered some staff at an Exxon Mobil depot back to work and warned a TotalEnergies' depot could be next, risking a wider conflict with trade unions as it battles to secure petrol supplies following weeks-long strikes.
UK economy on brink of recession as it shrinks in August
Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
European shares slide for fifth straight day on growth worries
European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates.
Oil takes a breather, eases off 5-week highs
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts and ahead of the European Union embargo on Russian oil.
EU leaders struggle for common response to energy crisis
EU leaders meeting in Prague on Friday looked to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia's war on Ukraine.
Canada's Trudeau Under Pressure From Conservative Rival To Back New LNG
Canada's new Conservative leader Pierre Poilievre is putting pressure on Liberal Prime Minister Justin Trudeau's government to back new liquefied natural gas (LNG) projects as European countries reach out in a bid to plug energy shortfalls.
Inflation puts squeeze on Spain's legendary lunch menu
Dreamt up in the 1960s to attract tourists, Spain's three-course "menu del dia", or set lunch menu, has long been seen as the best deal in town.
Norway expects to earn record $131 billion from oil and gas in 2023
The Norwegian government expects record income next year from its oil and gas industry, it said on Thursday, predicting a rise of 18% from this year's level and a fivefold increase over 2021 as production rises and prices soar.
Stocks mostly retreat, pound drops
Equity markets mostly fell Thursday and the pound retreated once more against the dollar on lingering recession fears despite hopes that the US Federal Reserve will tame the pace of aggressive interest rate hikes.
Canada Trade Surplus Drops In August To Lowest 2022 Level
Canada trade surplus drops in August to lowest 2022 level
Rolls-Royce CEO says aviation needs to act on net zero pledges
Aviation needs to accelerate the use of biofuels before new technologies like hydrogen and electric-powered aircraft become viable to limit emissions as demand for travel will not abate, the boss of Rolls-Royce said on Tuesday.
Exxon signals strong Q3 earnings on natural gas
Exxon Mobil Corp on Tuesday signaled strong third quarter operating profits on the heels of the second quarter's all time high as earnings from high natural gas offset weaker refining and chemicals, according to a securities filing.
OPEC+ heads for deep supply cuts, clash with U.S.
OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and other consuming countries to pump more.
Shell CEO hints energy firms should pay more tax
Ben van Beurden, who leaves Shell at the end of this year, was addressing the Energy Intelligence Forum industry gathering.
Head of EU's lending signals joint action plan for COP and giant Ukraine fund
The head of the European Union's powerful lending arm has urged leaders not to backslide on climate targets amid the energy crisis and signalled a joint action plan from the world's top development banks at next month's COP 27 summit and on Ukraine.
OPEC+ supply cuts loom over tight oil market
OPEC+ producers look set to cut output when they meet on Wednesday, squeezing supply in an oil market that energy company executives and analysts say is already tight due to healthy demand, lack of investment and supply problems.
Sweden sends diving vessel to probe leaking Nord Stream pipelines
Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe's energy crisis.
Japan Firms Eye Ammonia, Methanol Projects In Canada, Alberta Minister Says
Japanese companies are looking to invest in the Canadian province of Alberta to produce ammonia and methanol in the effort to build global supply chains of greener energy to fight climate change, a provincial minister said.