Touchstone Exploration reports test results from Trinidad wells

Energy firm to return $5bn to shareholders as climate campaigners criticise high profits Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market. Shell reported on Thursday morning that it made an adjusted profit of $10.8bn (£8.1bn) in the July-September quarter, up from $5.432bn in the third quarter of 2025. The results beat analyst expectations for a rise to $10.33bn. Continue reading...

Putin courts African leaders, casting Russia as alternative to the West middle-east-online.com

Even families receiving help face higher energy bills than during the last energy price shock, analysis finds Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The £4.4bn cost of living support package delivered by John Healey’s budget on Wednesday is “badly targeted,” which means that even families receiving help face higher energy bills than during the last energy price shock, according to the Resolution Foundation. Continue reading...

Oil prices fall as renewed U.S.-Iran peace efforts ease supply fears CNBC