Oil Prices Retreat as Peace Hopes Grow
Crude extended its decline as diplomatic hopes and recovering Persian Gulf oil flows weighed on prices.
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Macron Negotiates Hormuz Insurance with Gulf States
Discussions are ongoing with Saudi Arabia and other Gulf states to design a publicly backed vehicle that would assume parts of the insurance risk for vessels to go through the waterway and facilitate deliveries of energy by lowering shipment costs.
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Occidental Profit Tops Estimates as Debt Slashed
'We reached an important milestone in the third quarter, reducing principal debt to $10 billion after retiring $10.4 billion of debt since the beginning of this year'.
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ORLEN Cites Foreign Operations as Profit Rises
Poland's majority state-owned ORLEN reported a 40 percent increase in revenue from foreign markets, saying expansion abroad has allowed it to pursue profitability while holding down its prices at home.
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Uniper to Increase Dividend
Uniper plans a dividend of EUR 0.77 per share for 2026, up seven percent year-on-year, as net profit adjusted for nonrecurring items more than doubled for the first nine months of 2026.
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ADNOC Gas Profit Flat YoY as Hormuz Continues to Weigh on Exports
The natural gas processing and sales arm of Abu Dhabi National Oil Co reported $1.34 billion in net profit for Q3, stable compared to the same three-month period in 2025 as high prices offset lower sales volumes.
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US Holds Off Strikes after Qatari Mediation
Trump indicated he is keen to pursue diplomacy with Iran and wind down the war following a White House meeting with the prime minister of Qatar, the main mediator between the warring sides.
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Qatar LNG Loadings Gain Pace
Liquefied natural gas loadings onto tankers from Qatar have picked up over the past few weeks, suggesting the major exporter is seeking to get more cargoes to the global market despite ongoing disruptions in the Strait of Hormuz.
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Oil Prices Sink on Iran Peace Hopes
Oil prices plunged as renewed Iran peace hopes eased concerns over Middle East supply disruptions.
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Aramco Tower Targeted
A Houthi attack damaged one of the landmarks of the Saudi Arabian capital's financial district.