energy

EXCLUSIVE: QatarEnergy buys 33 US LNG cargoes to offset Hormuz disruption, sources say Reuters

Shell Plc said its second-quarter profit jumped on the back of an oil-refining boom and another robust period for energy trading as the Iran war upended the makret.

Shell Chief Executive Officer Wael Sawan says the company is "built to be able to handle volatility." He adds that Shell also had record utilization in its refining business. "We haven't seen that in over a decade," Sawan tells Bloomberg Television as the company said adjusted net income rose to $9.

Qatar has sent its first shipment of liquefied natural gas through the Strait of Hormuz since one of its tankers was attacked in the waterway more than three weeks ago.

Oil prices slip as tankers continue to ply Middle East conflict zones Reuters

India, the world’s top sunflower oil buyer, is rushing to secure supplies of alternate vegetable oils as attacks in the Black Sea region disrupt imports and its own crops falter due to weak monsoon rains.

UEFA – European soccer's governing body – accused FIFA of "crossing a line" and said the tournament is not its to sell.

The archetypal metaphor for a fuel industry in crisis was hatched 53 years ago, during the 1973 Arab oil embargo: Endless lines at filling stations, drivers hoarding gasoline, fights breaking out over people jumping the queue.

The former British colony has a bounty of petroleum, but bitter political divisions and bureaucratic weakness threaten to spoil its growth.

UEFA – European soccer's governing body – accused FIFA of "crossing a line" and said the tournament is not its to sell.