Shell’s Profit Beats Expectations at $6.9 billion, Raises Dividend by 5%

Summary Shell cuts quarterly buybacks to $3 billion from $3.5 billion Middle East war cuts output by 4% Shares fall in early trade along with oil prices, peers LONDON, May…

Shell Beats Profit Estimates as War Brings Trading Windfall

Shell (NYSE: SHEL) on Thursday reported consensus-beating earnings for the first quarter as the war in Iran drove an oil price surge and boosted trading profits at the UK-based supermajor.…

Oil Crunch Prompts Plastics Crisis in Asia

Asia is facing plastics shortages because of the oil and gas supply crunch caused by the war in the Middle East, with medical supplies, packaging, and consumer products most vulnerable…

Oil Prices Waver as Market Weighs Chances of U.S.-Iran Deal

Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday, reversing earlier gains, as the market hopes the U.S. and Iran could…

  • Gas
  • May 7, 2026
Industry bodies urge UK government to prioritise industrial decarbonisation

By 52 min ago 4 min read The Carbon Capture and Storage Association, Hydrogen UK and Electrify Industry have joined forces to call on the UK government to present clear…

  • Gas
  • May 7, 2026
Video | Transitioning bipolar plates to mass production

gasworld Webinars Join the conversation. Hear from the people shaping the market. Stay plugged into the trends shaping the industrial gas sector. gasworld webinars bring together market leaders, analysts and…

Oil Falls Below $100 a barrel on Middle East Peace Deal Hopes

Summary Oil prices drop 2%, extending previous session’s heavy losses Al Arabiya reports possible easing of U.S. blockade Analysts warn prices could rebound if conflict escalates again (Reuters) – Oil…

Trump Met With Chevron and ExxonMobil to Discuss Venezuela

Wednesday, May 6 (Reuters) – U.S. ​President ‌Donald Trump ​told ​reporters on Wednesday ⁠that ​he ​met with top ​officials ​at Chevron (CVX.N) and ‌ExxonMobil (XOM.N) ⁠a day earlier ​to ​discuss…

Cheniere Swings to Quarterly Loss as Iran War Hits LNG Derivative Contracts

(Reuters) – Cheniere Energy swung to a loss in the first quarter from year-ago profit on ​Thursday, hurt by billions of dollars in losses tied to ‌LNG-linked derivative contracts as geopolitical…

Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market

Australia’s government has mandated energy companies in the country to set aside 20% of their natural gas output for the domestic market to avoid supply shortages along the east coast.…