Saudi Arabia frustrated with cartel members that exceed targets as production cuts become less effective
Local producers are stepping in to fill the gap vacated by foreign majors retreating from Africa’s largest producer
Lower payouts from supermajor put pressure on Riyadh’s ambitious diversification plans
British company left vulnerable to acquisition after sharp slide in its share price over past year
European Commission will propose rules next month requiring contract details to be shared with energy and security authorities
Also in this newsletter: Germany, France and the Netherlands urged to clear way for new border checks
Crude fell to four-year lows on Monday on Opec supply increases and fear that tariffs will hurt demand
Plan to be announced by European Commission aimed at forcing member states to end gas imports from Moscow
Acquisition by oil and gas group comes against backdrop of strained relations between US and Canada
Cartel’s decision to increase supply by 411,000 barrels a day raises fear of supply glut
First-quarter profits drop 28% but Shell maintains $3.5bn-a-quarter buyback rate
Industry contends with weakening demand as US president’s tariffs threaten economic outlook
Oil major’s turnaround depends to some extent on the world remaining relatively predictable
The company owed its providers $25bn at the end of 2024, up from $7.6bn at the end of 2018
FTSE 100 group announces departure of executive who led strategy during failed pivot to renewables
Investors ask whether industry can afford the higher dividends and share buy-backs on offer over recent years
Also in this newsletter: auditors damp hopes on success of Brussels’ industrial aims
US oil major’s $30bn plan depends on Trump administration retaining Biden-era tax incentives
Imports surged in March and continued to accelerate despite concerns global economy will weaken
Industry says administration’s levies on foreign vessels will harm US plans for ‘energy dominance’
World’s largest oil company says synthetic fuels have a part to play despite global shift towards electric vehicles
Saturn Oil and Gas, Stampede Drilling and Arrow Exploration show robust growth as debate swirls on energy production
The easiest way to secure any kind of future is to give producers confidence that decisions will have some longevity
Other activist investors now take a less confrontational approach. John Pike is in a full-blown proxy fight
Oil producers go to battle over mineral rights in Arkansas’ Smackover formation
