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ConocoPhillips Tops Q1 Estimates, Fueled by Strong Commodity Pricing
ConocoPhillips surpassed Wall Street expectations in its first-quarter 2026 financial results. The company reported adjusted earnings of $1.85 per share. Total...
UAE Exits OPEC to Expand Production, Sending Brent Above $115
The United Arab Emirates announced its official withdrawal from OPEC and the OPEC+ alliance on April 29, 2026. This decision ends a membership spanning nearly...
UAE Exits OPEC for Policy Flexibility, Driving Brent Above $114
The United Arab Emirates (UAE) announced its departure from OPEC and the OPEC+ alliance on Wednesday. This exit becomes effective on May 1, 2026. Energy...
UAE Quits OPEC for Production Flexibility, Pushing Brent Crude to $111
The United Arab Emirates (UAE) announced its departure from OPEC on April 29, 2026, ending nearly 60 years of membership. The move becomes effective May 1....
Blackstone to invest €2B in Eurowind, targeting Europe’s rising power demand
Blackstone Infrastructure signed a definitive agreement to invest up to €2 billion in Eurowind Energy. The developer manages renewable energy projects across...
UAE Exits OPEC to Boost Output, Targeting 5 Million Barrels
The UAE Ministry of Energy and Infrastructure will withdraw from OPEC and the OPEC+ coalition effective May 1, 2026. This decision follows a period of...
UAE quits OPEC after 57 years, to boost oil production
The United Arab Emirates will withdraw from OPEC effective May 1. This decision disrupted global energy markets. The UAE has held membership in the cartel...
UAE to Exit OPEC in 2026, Seeking Independent Production Growth
The United Arab Emirates will withdraw from OPEC and the OPEC+ alliance on May 1, 2026. This decision allows the nation to independently increase oil...
UAE To Exit OPEC Alliance, Seeking Production Flexibility
The United Arab Emirates announced its official exit from OPEC and the OPEC+ alliance on April 28. This withdrawal becomes effective on May 1, 2026. The...
UAE Exits OPEC, Aiming to Unleash Expanded Oil Production Capacity
The United Arab Emirates will officially exit OPEC on May 1, 2026. The nation seeks to leverage expanded production capacity currently limited by group...
World Bank projects 24% energy price surge, citing Middle East war
The World Bank Commodity Markets Outlook projects energy prices will surge 24% in 2026. This forecast represents the largest price increase since the 2022...
UAE exits OPEC to boost production, sending Brent crude toward $112
The United Arab Emirates will withdraw from OPEC and the OPEC+ alliance effective May 1. This decision ends a nearly 60-year membership amid rising tensions...
UAE Quits OPEC Alliance, Citing Production Quota Disputes
The United Arab Emirates will withdraw from OPEC and the OPEC+ alliance effective May 1. State-run news agency WAM announced the departure on Tuesday. This...
UAE Exits OPEC and OPEC+, Citing Dissatisfaction With Regional Security Response
The United Arab Emirates announced its departure from OPEC and the OPEC+ alliance on Tuesday. This move weakens the cartel’s market influence during a period...
BP doubles profits to $3.2 billion, fueled by Iran conflict oil trading
BP first-quarter profits reached $3.2 billion. This figure more than doubled the $1.38 billion reported during the same period last year. Exceptional oil...
BP Profits Jump 130% to $3.2B, Driven by Oil Trading
BP reported first-quarter underlying profits of $3.2 billion. This figure represents a 130% increase over the same period last year. The results significantly...
BP eyes 87% profit surge, driven by exceptional oil trading gains
BP reports first-quarter 2026 earnings on April 28. Analysts forecast earnings per share will rise between 75% and 87% year-over-year. Exceptional oil trading...
Shell acquires ARC Resources for $16.4 billion, expanding its Canadian shale footprint
Shell reached a definitive agreement to acquire Canadian energy firm ARC Resources Ltd. for an enterprise value of $16.4 billion. The transaction consists of...
Shell Buys ARC Resources for $13.6 Billion, Prioritizing Fossil Fuels
Shell plc reached a definitive agreement to acquire Canadian producer ARC Resources Ltd. for US$13.6 billion. This cash-and-stock transaction marks Shell’s...
Shell Buys ARC Resources for $13.6B, Its Largest Deal in a Decade
Shell plc signed a definitive agreement to acquire Canadian producer ARC Resources Ltd. for US$13.6 billion. The cash-and-stock transaction marks Shell’s most...