Oil And Gas News


Shell Profit Tops Forecasts at $6.9B on Middle East War Trading Gains

May 07, 2026

Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, leading the company to raise the dividend by 5%.At the same time, it slowed its quarterly share buyback programme to $3 billion from $3…

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

May 07, 2026

The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit…

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