Oil
Guyana’s Share of ExxonMobil Oil Production Rises to Nearly 40%
Guyana is now entitled to 39.8% of crude oil production from the ExxonMobil led Stabroek offshore project, President Irfaan Ali said on Tuesday....
UAE Oil Giant Says Vessel Attacked in Strait of Hormuz
By Benson Daniel The United Arab Emirates has accused Iran of attacking a vessel operated by its state owned oil company, Abu Dhabi...
Houthis Attack Saudi Aramco Facility as Iran Sets Conditions for Hormuz Reopening
Yemen's Houthi movement said it attacked an oil facility in southwestern Saudi Arabia on Sunday, while Iran demanded major concessions from the United...
Iran Says No Direct Talks With U.S. as Hormuz Shipping Deal Nears Completion
Iran is not currently engaged in direct negotiations with the United States and will not enter talks as long as Washington continues to...
Iran Seeks Greater Control of Hormuz Shipping as U.S. Talks Remain Uncertain
Iran is seeking greater control over shipping through the Strait of Hormuz as part of discussions with Oman aimed at reopening the strategic...
BP Profit More Than Doubles as Higher Energy Prices Boost Earnings
BP reported a sharp rise in second-quarter profit on Tuesday, driven by higher oil and gas prices, stronger trading performance and improved refining...
Shell Profit Surges to $9.84 Billion as Middle East Turmoil Boosts Energy Trading
Shell reported that its second quarter profit more than doubled from a year earlier, beating analysts' expectations as higher oil and gas prices,...
Oil Surges Above $100 a Barrel as Middle East Conflict Fuels Supply Fears
Global oil prices have climbed above $100 a barrel for the first time since May, as the widening conflict in the Middle East...
