Australian shares end five-day rally after miners drag; Woolworths increases consumer staples
Australian shares fell on Thursday, ending a five-day rally, as mining stocks weighed down the benchmark. Consumer staples rose, led by Woolworths, the country's largest grocer…
Petroecuador declares emergency at Ecuador's largest refinery after quake
Petroecuador, the state-run oil firm in Ecuador, declared an emergency on the day after an earthquake caused damage to the refinery. However the company said that the move is…
MOL and Turkiye Petrolleri form a joint venture to explore two oilfields in Hungary
Hungarian Oil Company MOL and Turkey’s Turkiye Petrolleri will explore two new oilfields in Hungary, as part of a newly-established joint venture. Szijjarto, after meeting with…
Glencore reports a 30% decline in the first quarter copper production
Glencore reported on Wednesday lower copper production for the first quarter and said that it expects its 2025 trading division profit to be at the middle of the long-term annual guidance.
Austrian OMV expects the gas production at Neptun Deep to begin in 2027
Austrian oil-and-gas group OMV announced on Wednesday that gas production is expected to begin in the Black Sea in 2027 as part of their Neptun Deep Project. The company stated…
Equinor Q1 profits rise more than expected
Equinor announced a higher than expected increase in its first quarter profit on Wednesday. This was boosted by an increase in European gas prices compared to the same period last year.
Woodside Energy, Australia signs LNG deal with BP to supply Louisiana project
Woodside Energy, a major Australian oil and natural gas company, announced on Wednesday that it had signed a deal with BP under which the British energy company would supply…
Origin Energy Australia reports a 10% decline in revenue for Q3 due to lower APLNG prices
Origin Energy reported a 10% decline in revenue from its Australia Pacific LNG Project (APLNG), as falling LNG prices and lower LNG volumes impacted the top line. Since the beginning of 2025…
Expand Energy exceeds its quarterly profit expectations and expects minimal tariff impact
Expand Energy, the top U.S. producer of natural gas, beat analysts' expectations for first-quarter profits on Tuesday. This was due to higher natural gas production and prices…
PetroChina's profit for the first quarter increased by 2.3% due to natural gas sales
PetroChina, China's largest energy producer, posted a 2.3% increase in its first-quarter profits on Tuesday. The company cited higher natural gas production, even though poor…
Sources say that former Shell oil traders have set up a trading house focusing on Africa.
Two sources familiar with this development say that several former Shell traders have established the trading house Atmin, which is backed by Afreximbank and focuses on African oil trade.
CNOOC Q1 profits down 7.9% due to lower oil prices but production grows
CNOOC Ltd, the Chinese offshore oil company, saw its first-quarter profit fall 7.9% due to lower oil prices. However, higher production helped offset this decline. According…
Serhiy Korotetskyi is appointed as the new CEO of Ukraine's Naftogaz
Naftogaz, Ukraine's national oil and gas company, announced on Tuesday that Serhiy Koretskyi would be its new CEO effective May 14. Koretskyi, an engineer and economist, is…
The European share price continues to rise as earnings continue to roll in and tariff watch continues
Investors pushed European shares higher on Tuesday, as they assessed corporate earnings, watched potential tariff movements, and awaited important economic data. As of 0712…
BP announces a lower-than-expected $1.4 billion profit
BP missed expectations on Tuesday, with a underlying replacement costs profit of $1.38bn for the first three months. This was below the $1.53bn expected by analysts according to a poll conducted by the company.
Woodside greenlights $17.5 billion US LNG project, targets 2029 start
Woodside Energy, a company based in Australia, has made the final investment decision for a Liquefied Natural Gas project (LNG) in Louisiana. The total capital expenditures (capex)…
As crude prices fall, investors fear that Big Oil may reduce share buybacks.
Investors will pay attention to the fact that falling oil prices are increasing the risk of dividends and share purchases for the remainder of 2025. Big Oil's efforts to win…
Abu Dhabi's ADNOC will raise $1.5 billion through Islamic bonds
A document seen on Monday revealed that Abu Dhabi's state-owned oil company ADNOC would raise $1.5 billion through the first sale of Islamic bonds or sukuk. The document stated that Abu Dhabi National Oil Company…
US sanctions on Serbia's NIS Oil Firm are lifted
The United States has granted a third waiver of sanctions to the Serbian oil company Naftna Industrija Srbije. It is owned by Russia's Gazprom and Gazprom. NIS has a single…
Baker Hughes reports that US drillers added oil and gas rigs in the US for a second consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added oil and gas rigs this week for the second consecutive week for the first since February. The number of oil and gas drilling rigs…
