Gas

BP stock jumps as the energy giant slows its ambitious pivot to renewables and vows more spending on oil and gas

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BP petrol station in Australia at night
BP petrol station in Australia at night

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Russia's oil and gas revenue crashed by nearly 50% at the start of 2023, leading to a wider budget deficit as Moscow's spending soars

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Russian Prime Minister Vladimir Putin and CEO of Russian natural gas giant Gazprom Alexei Miller attend a ceremony to mark the launch of the Sakhalin-Khabarovsk-Vladivostok natural gas pipeline, September 8, 2011 in Vladivostok, Russia.
Vladimir Putin

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Russia is smashing open its $45 billion piggy bank of Chinese yuan as energy revenue crashes

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Russian President Vladimir Putin meets Chinese President Xi Jinping at BRICS Summit in Brasilia
Russian President Vladimir Putin and Chinese President Xi Jinping.

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Oil giant Shell says it will spend $4 billion buying back shares, as it reports its highest ever annual profit

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Natural gas shipments
Shell posted its biggest annual profit ever thanks to a strong fourth-quarter performance by its natural-gas business.

LOIC VENANCE/Getty Images

Price caps on Russian fuels could range from $45 to $100 with EU diplomats set to begin negotiations, report says

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Putin
Russian President Vladimir Putin.

MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images

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