Shell Pauses $3 Billion Share Buyback Ahead of ARC Acquisition Vote
By Buyback pause linked to pending ARC Resources acquisition and shareholder vote Unpurchased shares will be rolled into 2026 buybacks, pending board approval ARC deal is Shell’s largest since 2016…
US LNG Exporters Find Few Takers in Europe for New Supply
By and US liquefied natural gas developers expected Europe to become the cornerstone market for the next generation of export projects. Instead, the region is increasingly shying away from the…
Trump Says Iran’s Leaked Deal Terms are Untrue
(Reuters) – U.S. President Donald Trump denied on Friday that the United States has made major concessions to Iran and a senior U.S. official called an emerging pact “performance-based” with…
US Military Helps Move 7 Million Barrels of Oil Per Day Out of Persian Gulf, Wright Says
(Reuters) – Roughly 7 million barrels of oil are getting out of the Persian Gulf each day with U.S. military help, U.S. Energy Secretary Chris Wright said on Friday at…
Chevron Continues to Look at New Opportunities in Middle East, CEO Says
(Reuters) – Chevron is continuing to look at new opportunities in the Middle East and may have more exposure to the region in the future, Chief Executive Officer Mike Wirth…
Exxon Mobil Evaluates Potential Buyout of Australia Woodside Energy, Bloomberg News Reports
(Reuters) – Exxon Mobil Corp is exploring potential acquisition targets, including Australia’s Woodside Energy Group, Bloomberg News reported on Friday, citing people familiar with the matter. Any move for Woodside…
Tired of Chaos, Investors Retreat From Oil Market at Record Pace
(Reuters) – The extreme volatility of global oil prices has drained liquidity from the market this year at the fastest pace on record, as investors have become increasingly wary of…
US Energy Firms Cut Rigs for First Time in Eight Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms cut the number of rigs operating for the first time in eight weeks, energy services firm Baker Hughes said in a closely followed report on…
Iran Deal Very Close, Signing Possible in Coming Days, US Official Says
(Reuters) – The United States and Iran are not quite at the finish line, but are very close to a deal to resolve their conflict, a senior U.S. official said…
US Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright Says
(Reuters) – U.S. refiners can still absorb more Venezuelan crude, Energy Secretary Chris Wright said Friday at an event at Port Houston. Venezuela is sending about half of its total…
