AGL Energy Ltd. has finalized the sale of nearly all its 20% stake in clean energy developer Tilt Renewables Ltd. for A$750 million (US$487 million) t…
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ConocoPhillips earnings report: Q3 revenue $15.5B, EPS $1.61.
Production Rises: 2.399M barrels/day.
Costs Pressure Earnings: Low…
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Crude oil prices dropped after Saudi Aramco cut Asian rates to an 11-month low, reflecting weak demand.
U.S. crude inventories rose…
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Oil prices fall as WTI crude drops below $60 after U.S. crude inventories rise 5.2M barrels.
Global oversupply fears persist due to…
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20-Year Deal: Vitol, Delfin LNG, and IRH sign a 20-year agreement for 1 million tons of LNG supply annually.
Strategic Expansion: T…
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Profit Beat: BP’s Q3 net profit of $2.21B exceeded expectations, boosted by higher oil and gas output.
Strategic Shift: Focus on co…
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Orsted Hornsea 3 sale: Orsted sells 50% stake to Apollo for $6B to strengthen finances.
Renewable partnership: Apollo funds half of…
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OPEC+ oil output will pause after a December increase to manage oversupply and seasonal demand weakness.
The move aims to stabilize…
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Brent crude falls as a strong dollar and weak China demand push oil prices lower.
Rising OPEC+ and U.S. output limit price recovery…
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Shell share buyback: $3.5 billion buyback announced after Q3 earnings of $5.4 billion exceeded forecasts.
Strong production: Deepwa…
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Lukoil Gunvor deal: Lukoil accepted Gunvor’s offer to buy its overseas operations.
Sale Linked to Sanctions: The move follows new U…
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Oil price rise follows a sharp 6.9 million-barrel drop in US crude inventories.
Western sanctions on Russian oil may affect global …
