The rekindling of hostilities caused oil prices to rise by 2%, sending benchmark Brent Crude above $90/barrel again. The war has caused maritime traffic through the Strait of Hormuz to drop to nearly non-existent levels. Only an average of 5 ships a day have been traversing the Strait in August, down from more than 130 per day before the war.

When the price of gasoline rises, it boosts profits for companies like Shell, Exxon, and Chevron.

SHEL's potential $8B U.S. chemicals exit marks a sharper focus on oil and gas as it cuts costs and reshapes capital allocation.

Shell posted adjusted earnings of $5.58 billion for the first three months of the year, beating analyst expectations of $5.09 billion, according to an LSEG-compiled consensus. The London-listed company also announced another $3.5 billion share buyback ...

Green energy is growing, but that doesn't mean that oil and natural gas are out of the picture.

Shell posted adjusted earnings of $9.84 billion in the second quarter, its best result since mid-2022, as the Iran war drove up prices

In a landmark judgment on Aug. 14, South Africa’s Constitutional Court set aside exploration rights held by oil giant Shell and Impact Africa, a South African oil and gas company. The ruling prevents the companies from exploring for fossil fuels off South Africa’s Wild Coast.

Kampala, Uganda | THE INDEPENDENT | Vivo Energy Uganda has launched a new campaign aimed at helping motorcycle riders cut operating costs and improve engine performance as high fuel and maintenance expenses continue to affect Uganda’s boda boda sector.

Aug 27 (Reuters) - British oil major Shell has ended negotiations to sell its stake in Germany's Russia-linked Schwedt refinery to Polish energy group Unimot, Bloomberg News reported on Thursday, citing people familiar with the matter • The sale discussions,