Oil and Gas
What now for peak oil? Unpacking a surprise twist in the fossil fuel feud
A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images The International Energy Agency’s latest outlook signals that oil demand could keep growing through to the middle of the century, reflecting […]
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‘Godfathers of wind’ raise alarm as Trump urges countries to abandon climate fight
US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on July 29, 2025. Brendan Smialowski […]
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How the explosives shortage could make everyday items even more expensive
The United States is facing a shortage of TNT, a high explosive that is essential to the manufacturing of commercial explosives products, like cast boosters, which are commonly used in the mining and construction industries, according to the Institute of Makers of Explosives, or IME. “Everything from your cellphone to your laptop to the roads […]
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Trump says India has ‘largely stopped’ buying Russian oil, hints at visiting the country next year
US President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In a sign of easing pressure on India, U.S. President Donald Trump said that trade talks […]
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Fossil fuel leaders herald the energy addition era: ‘Music to my ears’
Guests look at a model of the largest data center in the UAE under construction in Abu Dhabi as the Stargate initiative, a joint venture between G42, Microsoft, and OpenAI, during the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi on November 3, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by […]
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BP beats third-quarter profit expectations on higher oil and gas production
The BP logo is displayed on a petrol tanker delivering fuel at a petrol station in Shepton Mallet on October 20, 2025 in Somerset, England. Anna Barclay | Getty Images News | Getty Images British oil giant BP on Tuesday reported stronger-than-expected third-quarter profit as higher crude and gas production outweighed a weak oil trading […]
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World’s largest oil company Aramco reports higher third-quarter net profit on production boost
Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi Aramco on Tuesday posted a 0.9% jump in third-quarter profit, beating expectations on the back of higher production even as oil prices remained under pressure. The world’s largest oil company reported adjusted net income of 104.92 billion Saudi riyals ($27.98 billion) […]
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OPEC+ pauses oil output hikes beyond December amid glut fears
The OPEC logo on the building of the Organization of the Petroleum Exporting Countries. Thomas Coex | Afp | Getty Images OPEC+ on Sunday agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers’ group moderates plans to regain market share due […]
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Oil giant Shell launches another $3.5 billion share buyback as profit beats expectations
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Thursday reported stronger-than-expected third-quarter profit, citing robust operational performance and higher trading contributions. Shell posted adjusted earnings of $5.4 billion for the quarter, beating analyst expectations of […]
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How Saudi Arabia is diversifying away from oil — and betting big on AI
President and CEO of Saudi’s Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. Hamad I Mohammed | Reuters Think of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth. While oil continues to drive Saudi Arabia’s economy, the […]
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