President Tinubu backs investment linked incentives as Shell commits fresh spending, aiming to boost employment, foreign exchange inflows and energy sector growth.

-- Brent crude oil rises 1.2% to $60.68 a barrel. -- European benchmark gas is down 4.1% to 27.60 euros a megawatt-hour. -- Gold futures are down 0.6% to $4,433.60 a troy ounce. -- LME three-month ...

The stunning U.S. military operation that toppled Venezuelan President Nicolás Maduro has suddenly put the global oil world on high alert, and energy stocks in the spotlight. Venezuela isn’t just any ...

WASHINGTON, DC – In the weeks since the United States snatched Venezuelan President Nicolás Maduro, the Trump administration ...

President Donald Trump said in an interview with the New York Post that Venezuelan oil is being processed in American refineries.

ExxonMobil’s chief executive Darren Woods said Venezuela is “uninvestable” without “significant changes”, striking a sceptical tone over Donald Trump’s call for a flood of investment. The head of the ...

The update comes at a time when the oil market is lurching into an oversupply that could make for challenging trading conditions in the months ahead. Image by Stanley Yeh via iStock Shell Plc said its ...

Activist group Follow This on Wednesday announced plans to take on Big Oil at the forthcoming proxy season. The Amsterdam-based group paused filing shareholder resolutions last year due to a lack of ...

Shell is assessing pre-qualification responses from bidders battling to provide the company with a 150,000 barrels per day floating production, storage and offloading vessel for its long-delayed Bonga ...

Shares in Shell fell more than 2% on Thursday after the supermajor warned of lower trading volumes in its chemicals and products division in its latest outlook for the fourth quarter of 2025. Shell ...