Energy
Saudi Aramco Q1 profit jumps 26% as key pipeline reaches capacity amid Iran war
The Saudi Aramco logo is displayed on a mobile phone screen in this photo illustration, as prices fluctuate amid escalating conflict involving Iran and concerns over global supply disruptions in Brussels, Belgium, on March 2, 2026. (Photo by Jonathan Raa/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Saudi Aramco reported a 26% year-on-year […]
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The Iran war will change global energy markets in these important ways, oil executives say
Vessels in the Strait of Hormuz, Musandam, Oman, May 8, 2026. Stringer | Reuters The world’s energy system will change in big ways as a result of the Iran war, the CEOs of key oil and gas companies told investors on their earnings calls over the past two weeks. Iran’s blockade of the Strait of […]
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Oil resumes rally as U.S.-Iran fire exchange rattles fragile Hormuz ceasefire
In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil resumed its rally Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was unraveling and threatening continued disruption […]
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Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
The oil market faces a shortage of nearly one billion barrels that will only get worse every day the conflict in the Middle East drags on, Shell CEO Wael Sawan told investors Thursday. “The hard facts are we have dug ourselves a hole of close to a billion barrels of crude shortage at the moment, […]
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Oil giant Shell tops quarterly profit estimates as Iran war drives price surge
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Brandon Bell | Getty Images British energy major Shell on Thursday reported stronger-than-expected first-quarter profit as the Iran war sent energy prices soaring. The oil giant posted adjusted earnings of $6.92 billion for the first three months of […]
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Asian Development Bank’s $70 billion energy and digital infra push puts Southeast Asia center stage
Key Points ADB’s $70 billion plan includes a pan-Asia power grid initiative and an Asia-Pacific digital highway for better connectivity in the region. Industry experts say Southeast Asia stands to gain the most from ADB’s plans. Source
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Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe
Jet fuel shortages threaten to disrupt summer travel as the loss of supplies from the Middle East ripples across Asia and Europe. Exports from the Persian Gulf represented the largest single source of jet fuel supply to the global market before the U.S. and Israel attacked Iran on Feb. 28, according to the International Energy […]
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Airlines spent 56.4% more on jet fuel in month after Iran war started, U.S. government says
A technician prepares to refuel a Delta Airlines aircraft at the Austin-Bergrstrom International Airport on April 10, 2026 in Austin, Texas. Brandon Bell | Getty Images U.S. airlines spent 56.4% more on jet fuel in March, the month after the U.S.-Israel strikes on Iran began, than they did in February, U.S. government data released Wednesday […]
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Apple’s R&D investments top 10% of sales as AI race creates ‘sense of urgency’
Apple CEO Tim Cook gestures as he departs after a business leaders reception with the U.S. president on the sidelines of the World Economic Forum annual meeting in Davos on Jan. 21, 2026. Fabrice Coffrini | Afp | Getty Images For the first time in at least 30 years, Apple is spending more than 10 […]
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CNBC’s UK Exchange newsletter: It’s not the 1970s, but the oil shock is still biting hard
A sign saying “Sorry, No Petrol” on the forecourt of a BP service station during a fuel shortage in London on Feb 9, 1971. Evening Standard | Hulton Archive | Getty Images This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch For Britons of a […]
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