Oil and Gas
Oil giants brace for a bruising earnings season — with shareholder returns at risk
The BP refinery in Lingen, Germany (aerial view with a drone). Picture Alliance | Picture Alliance | Getty Images European energy giants face some tough choices this earnings season, with shareholder payouts seen at risk as they look to cut costs amid lower crude prices. Western oil and gas majors have long sought to keep […]
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Trump says India will stop buying Russian oil. Shadow fleet vessels are still unloading sanctioned crude at its ports
The oil tanker “Grinch” (R), suspected of belonging to the Russian’s shadow fleet, is seen outside the coast of Martigues near the port of Marseille-Fos on January 25, 2026, as it’s surveilled by the French Navy. Thibaud Moritz | Afp | Getty Images President Donald Trump announced a U.S. trade deal with India on Monday […]
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Oil slides over 6% as Trump signals Iran talks, easing supply shock fears
Oil prices rose more than 1.5% in Asian trade on Thursday, on increasing concerns of a U.S military attack on Iran that could disrupt supply from the region. Anton Petrus | Moment | Getty Images Oil prices slid Monday as investors dialed back fears of a supply shock after U.S. President Donald Trump’s statements on […]
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OPEC+ agrees in principle to keep oil output pause for March, sources say
Oil prices slipped on Tuesday, extending falls from the two previous sessions, as pressure from plans by OPEC to boost output offset optimism over a potential U.S.-China trade deal. Feifei Cui-paoluzzo | Moment | Getty Images OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets […]
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Oil prices rise more than 2% as Trump weighs strikes on Iran
Crude oil prices rose more than 2% on Thursday as President Donald Trump weighed military strikes on OPEC member Iran. U.S. crude rose $1.56, or 2.5%, to $64.77 per barrel. Global benchmark Brent was up $1.59, or 2.3%, to $69.99 per barrel. Multiple sources told Reuters that Trump is weighing targeted strikes on Iranian security […]
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U.S. handing over seized tanker to Venezuela, officials say: Reuters
People walk in front of a crude oil tanker at Maracaibo Lake in Maracaibo, Venezuela, on January 12, 2026. After the US raid that deposed Nicolas Maduro as Venezuela’s leader, citizens hope the ensuing talks on selling its oil to US may improve their dire economic fortunes. (Photo by Margioni BERMÚDEZ / AFP via Getty […]
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Oil prices rise after Trump says a ‘massive Armada is heading to Iran’
The USS Abraham Lincoln (CVN-72), a Nimitz-class nuclear-powered aircraft carrier, is shown at Naval Air Station North Island in San Diego, California, U.S. August 11, 2025. Mike Blake | Reuters Crude oil prices rose Wednesday after President Donald Trump warned Iran that a “massive Armada” is heading in its direction and time is running out […]
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U.S. natural gas prices hit $6 for first time since 2022 amid massive winter storm
A worker shovels snow during a winter storm in Lower Manhattan in New York, US, on Sunday, Jan. 25, 2026. A colossal winter storm reached the US East Coast Sunday morning after dropping ice and snow across much of the nation, leaving hundreds of thousands of homes without power and causing a wave of flight […]
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Russian strike on Ukraine’s Kyiv leaves 1,700 buildings still without heat, mayor says
Around 1,700 apartment buildings in the Ukrainian capital Kyiv were still without heating following a Russian missile and drone attack earlier this week, Kyiv Mayor Vitalii Klitschko said on Sunday. Moscow has sharply intensified bombardments of Ukraine’s energy system since it invaded its neighbor in 2022. Russia launched a vast attack on Ukraine’s energy system […]
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Libya to sign 25-year oil deal with TotalEnergies and ConocoPhillips
A view of the pipelines at Zueitina oil terminal, in west of Benghazi, Libya February 3, 2020. Picture taken February 3, 2020. Esam Omran Al-fetori | Reuters Libya will sign a 25-year oil development agreement on Saturday with France’s TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah […]
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