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BP suspends share buybacks to reduce debt, sending shares down 7%
On Tuesday, BP suspended its share buybacks. It also took charges of about $4 billion on its renewables assets and biogas assets.
Oil India's quarterly profit declines on lower crude realisations
Oil India, an Indian exploration company, reported on Tuesday that its third-quarter profits fell as lower realisations squeezed…
Presidio, a US energy company, plans to use a Goldman Sachs debt facility worth $1 billion to finance deals.
Presidio Investment Holdings and Goldman Sachs are working on a debt?facility of up to $1 billion, which will give the U.S.
EU considers a revamp of the industry's free allowances in Carbon Market Reform
As part of a redesign of its carbon market, the European Union may overhaul its system of free "CO2 permits" for industries.
Sources say that increased Orinoco Belt production boosts Venezuela's crude oil production to one million barrels per day.
Sources close to the operations of Venezuela's PDVSA state oil company said that the company reversed the majority?of its…
French spots are affected by the warmer temperatures and increasing wind supply
The French spot electricity price for Thursday dropped as the wind energy supply was expected to increase and demand to drop due to warmer weather.
Russia's oil & gas revenues halved y/y in January to the lowest level since July 2020
According to data from the Finance Ministry, Russian state oil revenues and gas revenues fell by half in January, compared…
Vitol executive: Increased LNG supply in the coming decade will put pressure on the LNG market
The head of LNG for global trader Vitol, who spoke on Wednesday, said that a rapid increase in LNG supply in this decade…
What is the purpose of Europe? It must act fast: Stephen Jen
We all know someone who seems to be cursed with bad luck. Europe is beginning to resemble that unfortunate person, as it…
Eni's LNG market for 2026 is 'finely balancing' due to Asian demand and a thin supply
An Eni executive stated that the global LNG market will remain 'finely balanced' this year due to thin supply buffers and low European inventories…
Palm oil catches up with Dalian rivals, but stronger ringgit limits gains
Malaysian palm futures rose on Wednesday, after two straight sessions of declines. Gains in Dalian vegetable oils outweighed…
Chinese solar stocks surge after Tesla visit
Chinese solar shares rose in early trading on Wednesday, after local media reported that Tesla staff had visited various companies in the sector.