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HISTORICAL FACTS: 2 | History Defined

Australian gas exporters will be forced to set aside local supply for domestic users

Producers of liquefied natural gas (LNG) on Australia’s east coast will have to set aside 20% of their gas exports to be sold to domestic users from July next year.

The Conversation

Financial stability risks are rising as AI fuels cyber-attacks, IMF warns; oil below $100 on Iran peace hopes – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Shell profits rocket above £5bn for three months amid surging oil prices due to Iran war

The oil giant reported a 24% rise in underlying earnings to 6.92 billion US dollars (£5.09 billion)

The Independent UK

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Shell profits soar amid surging oil prices because of Iran war

The oil giant reported a 24% rise in underlying earnings to 6.92 billion US dollars (£5.09 billion).

Evening Standard

Climate campaigners attack Shell over ‘windfall’ profits from Iran war

Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

The Guardian - UK

Stocks soar and oil sinks on fresh peace deal hope

The FTSE 100 closed up 219.55 points at 10,438.66.

Evening Standard

Fuel giants team up for major oil and gas plans in Gulf of Mexico

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The Independent UK

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Ineos and Shell join up to drill for new oil and gas in US

Sir Jim Ratcliffe criticised the UK’s energy policy which he said has been inconsistent compared with a more stable landscape in the US.

Evening Standard

Ineos boss Jim Ratcliffe criticises UK and Europe amid new US oil and gas investment with Shell

The two companies will jointly invest in exploration and production in the Gulf of Mexico

The Independent UK

Man Goes To Shell Gas Station. Then He Puts 87 Grade Fuel In His Dodge: ‘Better Be Driving Straight To AutoZone'

At first, it seems like the owner of a Dodge Hellcat featured in a recent TikTok clip may have gotten away with his scheme to lower his fuel costs. The car starts after a fill-up of lower-than-advised octane fuel, but the engine sounds that start shortly after are cause for…

Motor1

Can higher oil prices negate damage to Qatari gas plant for Shell?

Evening Standard

Can higher oil prices negate damage to Qatari gas plant for Shell?

The British oil and gas producer will publish its financial results for the first quarter of 2026 on Thursday.

The Independent UK

High gas prices eating into Texans’ budgets, fueling inflation

The average price for a gallon of gas in Texas has risen from $2.55 in early February to $3.78 at the end of April.

The Texas Tribune

Revealed: British ad firm’s billion-dollar greenwash of US oil industry

London-based WPP accused of breaching climate policy after report reveals firm linked to twice as much oil advertising as US rivals

The Guardian - UK

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Fortune

Activists call out 'horrifying' soaring oil and gas profits as energy companies cash in on the Iran war

As drivers sour on rising fuel prices, energy firms are making a killing.

Evening Standard

Blue chips falter as oil price moves ever higher

The FTSE 100 closed down 57.99 points at 10,321.09.

The Guardian - UK

Shell to buy Canadian shale producer ARC Resources for $16.4bn

Deal comes five years after Shell sold its US shale business and is its biggest acquisition for a decade

Fortune

Shell reverses course in Canada and buys ARC Resources for $14 billion, doubling down on oil and gas

The Montney is emerging as a hot oil and gas play as U.S. shale basins mature.

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Evening Standard

Shell strikes £12.1 billion deal to buy Canadian energy firm

The British energy giant said the acquisition will strengthen its resource base ‘for decades to come’.

The Independent UK

Holiday warning as government ‘closely monitoring’ airline jet fuel shortage

Passengers have been advised to check with their airlines before they travel

The Guardian - UK

BP’s chair deserved a kick for his silly obstinacy over shareholder resolution

Albert Manifold and his board refused to put a request from investor group on annual meeting agenda – leading to an investor revolt

The Independent UK

‘Fuel theft has cost my petrol station £2,000 since Iran war started – my family can’t carry on like this’

Family-run petrol stations are suffering significantly as fuel theft rises by nearly 30 per cent

AAP

Battle lines harden as gas giants take on tax proposal

Gas producers have mounted a full-throated defence of their tax contributions in an inquiry exploring opportunities for higher export levies.

Evening Standard

FTSE 100 falls back amid renewed US-Iran tension

XTB’s Kathleen Brooks said ‘the market mood is very different at the start of the week compared to Friday’.

The Conversation

Is there really untold oil wealth in Queensland’s Taroom Trough? Here’s why scepticism is warranted

As Australian leaders scramble to secure fuel supplies on the international market, Queensland Premier David Crisafulli has been quick to pitch a domestic option: begin extracting the “sea of oil” in the Taroom Trough, a geological formation near the town of Roma.

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